WALLBRIDGE MINING COMPANY LIMITED : http://www.wallbridgemining.com/ : QwikReport
Projects Overview
Wallbridge Mining has exceptional unrealized mineral potential with a major land position of approximately 71,000 hectares in the world's most productive nickel-copper camp. The Sudbury Mining Camp, boosting a historic production of over 20 billion pounds of nickel and 20 billion pounds of copper, is still a camp where new discoveries are being made. Wallbridge Mining has an experienced and knowledgeable management team focused on nickel, copper, gold and PGE exploration in Sudbury basin.
Wallbridge Mining has joint venture properties with Lonmin Plc, Vale Inco, Xstrata Nickel, Pele Mountain Resources Inc. and Crowflight Minerals Inc.
Wallbridge remains committed to exploration on its strong portfolio of properties in the under-explored footwall rocks of the prolific Sudbury Mining Camp. The company's focus on this environment is well founded as these rocks continue to demonstrate their potential for discovery on a regular basis. Wallbridge's Broken Hammer deposit, Trill Offset dyke and Amy Lake PGE zone, as well as FNX Mining's Levack Footwall and Rob's deposits, and Vale Inco-Lonmin's Capre 3000 discovery, are proof of the abundant potential in these rocks.
In 2010 Wallbridge will continue to advance work on its portfolio of 41 projects covering about 660 square kilometres of this environment.
Duluth Metals Limited (DM:TSX) is a successful spin-out of Wallbridge's Minnesota nickel-copper-PGE properties. As part of the transaction, Wallbridge received 10 million shares generating value in both Wallbridge and for our shareholders.
Wallbridge recently spun out a new company, Miocene Metals Limited, which was created to acquire all of Wallbridge's BC porphyry copper-gold-molybdenum (Cu-Au-Mo) properties in a transaction modelled after the successful spin-out of its Minnesota copper-nickel-PGE properties into Duluth Metals. The BC property portfolio includes the Rogers Creek Cu-Au-Mo property plus six other recently acquired properties in Southwestern BC over a newly recognized belt of Miocene-age intrusive rocks which are highly prospective for Cu-Au-Mo mineralization, The properties range from grassroots stage, with known mineral showings, to properties that are almost drill-ready and have returned economic chip and grab sample values and drill intersections over widths of 10's of metres.
Exploration Properties
Wallbridge has 41 properties covering more than 660 square kilometers in the favorable Sudbury Contact footwall rocks. These properties host favourable geology, yet have never been extensively explored. Footwall rocks of the Sudbury Igneous Complex are important as they contain the majority of nickel-copper-gold-PGE deposits found in this mining camp. New mineralized areas have been discovered since 2005.
Many of Wallbridge's Sudbury properties are being explored in joint venture with major joint venture partners such as Vale Inco, Lonmin Plc and Xstrata Nickel. In addition, Wallbridge has acquired two additional North Range land packages from Pele Mountain Resources Inc. and Crowflight Minerals Inc. to increase their land position in the unexplored outer footwall rim of the Sudbury Basin.
Active exploration work is ongoing on the following properties:
