Wallbridge Mining Company Limited - Xstrata Nickel JV - Wisner Property

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(64% Wallbridge, 36% Xstrata Nickel)

Wisner 3D
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The Xstrata Nickel Wisner property is located in the footwall of the North Range of the SIC and together with Wallbridge's Broken Hammer,Wisner and Bowell properties forms a contiguous claim block that covers in excess of nine kilometres of strike-length in the footwall of the Wisner Embayment.The property is underlain by mafic and felsic gneisses of the Levack Gneiss Complex and cross-cut by several generations of diabase dykes.The Broken Hammer deposit was discovered in 2003 on the portion of the Wisner property that now forms the Broken Hammer property. It consists of chalcopyrite veins and vein-stockworks and extensive zones of disseminated chalcopyrite and PGE mineralization.

Extensive zones of Sudbury Breccia,which are enriched in chlorine and pathfinder elements, have been mapped along two principal trends (150o and 50o) that cross the Wisner property similar to mineralized breccia trends elsewhere on the North Range. Prospecting of these breccia trends in late 2005 led to the discovery of high grade base metal and PGE mineralization at the South and Southwest Zone locations as reported in early 2006 (see accompanying table). Diamond drilling was not able to follow the high grade mineralization to depth, although extensive zones of low grade copper-PGE mineralization were intersected beneath the Southwest Zone.

The Wisner property, which was carved out of the Falconbridge 4 Times Joint Venture in the re-organization of the joint venture in 2006, was explored with deep drilling and cross-hole (RIM) geophysical surveys in 2008. Drilling was focused on the western portion of the property in the vicinity of widespread copper, nickel and PGE mineralization found in various rocks of the Southwest Zone. Drilling in 2008 tested a Titan IP anomaly at moderate depth as well as establishing a deep platform hole for borehole geophysical surveys. Drilling in this portion of the property intersected prospective rocks and demonstrated that greater potential for discovery lies within the area of the Southwest Zone to the northeast.les will serve as platform holes for deep penetrating geophysical surveys.