Press ReleasesApril 13, 2005
Wallbridge Initiates Resource Estimate on Broken Hammer Zone; Provides Positive Results from Ongoing Exploration
Toronto, Ontario - April 13, 2005 - Wallbridge Mining Company Limited (TSX: WM) today announced that it has initiated a resource estimate on the Broken Hammer Zone at the Wisner Property. New results from an ongoing drill program continue to provide encouraging results.
Wallbridge has retained Roscoe Postle Associates Inc. to prepare a first phase resource estimate for the Broken Hammer platinum-palladium-gold-copper mineralized zone. Metallurgical test work is currently underway at SGS Lakefield on material from the Broken Hammer Zone.
An additional 20 holes have now been completed on the Broken Hammer Zone, bringing drill density to approximately 25 metre centres, and extending the zone to the southwest. Assay results have been received for 8 of the 20 holes, with assays for the other 12 holes pending.
The results from all holes recently received are tabulated below.
| Core Length
|WIS-043||No significant results|
|as well as||31.50||32.50||1.00||0.39||0.84||1.12||6.15||1.04||0.55||2.35|
Drilling is continuing on the southwestern down plunge extension of the zone, which remains open. A down hole DCIP survey was recently completed by JVX Ltd., of Richmond Hill. Results of this survey will help target future holes on the extensions of the zone.
Alar Soever, President and Doug Hunter, Vice President Exploration, today will present an exploration update at the Company's annual meeting, which will be posted on its website for viewing (www.wallbridgemining.com).
Assays reported in this press release were completed at SGS Canada Inc. Mineral Services in Toronto, Ontario and ALS Chemex in Vancouver, B.C. 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 explores for and develops 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, Manitoba, 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
Email: [email protected]
Cavalcanti Hume Funfer Inc., Investor Relations
Nick Kohlmann, Vice President
Tel: (416) 868-1079 ext. 222
Email: [email protected]
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, save and except as may be required by applicable securities laws.
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