Wallbridge Mining Company Limited - Sudbury Properties

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Wallbridge Property Map
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Wallbridge Mining is focused on the exploration and development of nickel-copper-platinum group element ("PGE") mineralization within the Sudbury area, one of the world's most productive mining camps. Historic production from Sudbury is in excess of 20 billion pounds of copper, 20 billion pounds of nickel and an estimated 20 to 30 million ounces of platinum group metals. The area continues to show excellent potential for future deposits as new discoveries are constantly being made in previously unexplored areas of the camp. Wallbridge holds the third largest land position in the Sudbury mining camp with properties at various stages ranging from grass roots to advanced exploration and scoping stage.

Exploration in 2006 continued on Wallbridge's 37 properties, which cover approximately 66,800 hectares ("ha") in the relatively unexplored footwall rocks of the Sudbury mining camp. Exploration activities were bolstered by a significant expansion of Wallbridge's property position in the North Range of the Sudbury Igneous Complex ("SIC"), and, the renegotiation of the Sudbury Camp Joint Venture with Lonmin Plc and the 4X Joint Venture with Falconbridge (now Xstrata Nickel). Wallbridge properties now cover portions of the Whistle/Parkin, Ministic, Manchester, Hess, Pele and Trill Offset Dykes plus extensively developed belts of favourable Sudbury Breccia on the East, North, and South Range Footwall of the SIC as well as a segment of SIC Contact under Windy Lake.

Exploration successes in 2006 include a new nickelsulphide discovery on the Frost Lake Property, as well as the delineation of an extensive zone of low-sulphide PGE mineralization called the Amy Lake Zone on that property. The Amy Lake Zone is located in the same belt of rocks, which hosts the recently announced CVRD Inco-Lonmin Plc PGE copper-nickel discovery.

During the year the Company also completed acquisition of the remaining minority interest in the Broken Hammer and Parkin resources from Xstrata Nickel. This will allow the Company to explore a variety of scenarios for advancing both properties. The most advanced property is the Broken Hammer Zone where a NI 43-101 compliant inferred resource of 251,000 tonnes @3.80 g/t TPM, 1.0% copper and 0.10% nickel has been defined.

New joint ventures with Pele Mountain Resources Inc., Champion Bear Resources Ltd. and Crowflight Minerals Inc., and the staking of the Cascaden North, North Range and Trill West properties have expanded Wallbridge's position as the largest land-holder in the footwall of the SIC. These joint ventures have provided the basis for the North Range Project, a multi-property project built on an emerging model for the structural evolution of the Sudbury Basin. Early work on these projects has been encouraging with the discovery of a new offset dyke and major breccia belt on the Pele Property.

Wallbridge Mining is successfully using advanced exploration and geophysical methods to find mineralization. The majority of Wallbridge properties on the North and East Ranges are now covered by high density airborne magnetic and electro-magnetic surveys. Detailed and regional mapping and prospecting programs are supported by sophisticated exploration tools such as fluid inclusion analysis and the use of pathfinder elements, such as Bi, Te, Sb, Sn, As, Cl and F to identify and characterize fluid pathways associated with copper-PGE mineralization in the footwall.