Press ReleasesSeptember 09, 2004
Wallbridge Intersects High Grade Mineralization In Wisner Drilling; Expands New Discovery In Sudbury
Toronto, Ontario - September 9, 2004 - Wallbridge Mining Company Limited (TSX: WM) today announced that the latest drill results from its Wisner Property have expanded and confirmed the continuity of the high grade Broken Hammer mineralized zone. Mineralization was encountered in all of the fourteen holes recently drilled.
Holes were drilled on 20 metre centres and confirm the near surface continuity of the zone. Assay results have been received from the first seven holes and include some high grade intercepts. For example, WIS-017 intersected 6.99 grams of precious metals per tonne over 19.95 metres (3.07 grams per tonne (g/t) of platinum, 3.14 g/t of palladium and 0.78 g/t of gold). Included in this intercept is a 2.79 metre higher grade zone containing 25.2 grams of precious metals per tonne (11.46 g/t of platinum, 11.34 g/t of palladium and 2.4 g/t of gold). Assay results received to date are shown in the table below. A plan map of the drilling can be found on the Company's website www.wallbridgemining.com. Outstanding assays will be reported when received.
Alar Soever, P. Geo., President of Wallbridge Mining remarked, "It is very encouraging that high grade mineralization exposed at surface continues at depth. The fact that mineralization was intersected in all of the recently drilled holes demonstrates The Broken Hammer Zone's continuity and tonnage potential."
The Broken Hammer Zone remains open to the north as well as down plunge to the west. Drilling to further extend the limits of the mineralization will resume within the next two weeks. After completion of that phase of drilling, an initial resource estimate will be completed for the zone. The Company is also in the process of completing an application for an advanced exploration permit to allow for bulk sampling of the zone for the purposes of grade confirmation and metallurgical testing.
Assays were undertaken by SGS Canada Inc. Mineral Services in Toronto, Ontario using a standard fire assay for Au, Pt, Pd and sodium peroxide fusion/ICP finish for base metals. The Qualified Person responsible for the technical content of this press release is Alar Soever, P.Geo, President of Wallbridge Mining Company Limited.
About the Company
Wallbridge Mining Company Limited was established in 1996 to explore for and develop nickel, copper and platinum group element deposits. The Company's principal properties are located in the Sudbury Basin in Ontario. The Sudbury area hosts the world's largest concentration of nickel deposits and is currently the most active mining camp in North America. Wallbridge also has properties elsewhere in northern Ontario, Nova Scotia and near Duluth, Minnesota.
FOR FURTHER INFORMATION please visit the Company's website at www.wallbridgemining.com, or contact:
Wallbridge Mining Company Limited
Richard Murphy, Vice President Corporate Development
Tel: (705) 682-9297
Cavalcanti Hume Funfer Inc., Investor Relations
Nick Kohlmann, Vice President
Tel: (416) 868-1079 ext. 222
This document may contain forward-looking statements relating to Wallbridge's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Wallbridge's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filings. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Wallbridge disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.