Press ReleasesSeptember 02, 2005
Wallbridge Extends New Trill Offset Dyke to 1.8 kilometres
Toronto, Ontario - September 2, 2005 - Wallbridge Mining Company Limited (TSX: WM) today updated exploration progress on its newly discovered Trill Offset dyke. The offset structure has now been traced by field mapping assisted by ground geophysics, over a strike length of about 1.8 kilometres. (see map on Wallbridge website). The Company currently controls property covering 11.5 kilometres of potential dyke strike length.
Results of the initial drill program together with trenching and sampling have defined a massive sulphide zone approximately 50 metres long, averaging 3 metres wide to a maximum depth of approximately 30 metres. The length weighted average grade of the two diamond drill and three channel sample intercepts through this zone to date is 1.61% nickel, 1.03% copper, 2.41 grams platinum, 5.92 grams palladium, and 0.77 grams gold (or 9.09 grams total precious metals) per tonne.
Drilling to date has been confined to a short 150 metre section of the dyke in the vicinity of this zone to a maximum depth of approximately 100 metres. Assay results for holes completed to date are tabulated below.
|WTR-005||Northeast Max-min target. No significant assays|
|WTR-006||34.49||38.85||4.36||0.41||1.00||0.12||1.53||0.10||0.17||3.00|| Down dip
West end of zone
|WTR-007||West of zone. No significant assays|
plunge to E
plunge to E
plunge to E
|WTR-013||No significant assays. May not have reached zone. Currently being extended.|
Assays for holes WTR-014, WTR-015 and WTR-016 are still pending. All three holes intersected narrow quartz diorite within the offset structure, but no significant sulphide zones were intersected in these three holes and no significant assays are expected.
Drilling has resumed to test the dyke to depth and down plunge of the known mineralization.
Outcrop exposure of the offset structure over most of its strike length is very limited, due to overburden and the recessive weathering of the dyke relative to the granitic host rocks.
The offset is only well exposed in the area of the original showing, which was tested by the initial drilling. In this area the offset dyke is a composite structure comprised of a mélange of quartz diorite dykes and lenses, thermally metamorphosed Sudbury Breccia, and large blocks of the granite host rock. Total width of the structure is up to 100m wide in this location.
Work to trace and explore the dyke back towards the Sudbury Igneous Complex contact to the east, as well as to the west is currently underway using a combination of geologic mapping, geophysics and diamond drilling.
Work on the Trill Property is funded 100% by Lonmin Plc through the Wallbridge/Lonmin Sudbury Camp Joint Venture. Lonmin can earn a 65% interest in any mineral resource by funding work through to production.
Assays reported in this press release were completed at 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 was established 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
Alar Soever, President
Tel: (705) 682-9297
Email: [email protected]
Cavalcanti Hume Funfer Inc., Investor Relations
Nick Kohlmann, M.Sc.,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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