Press ReleasesApril 15, 2010
Wallbridge Mining Annual General Meeting to be held at Dynamic Earth in Sudbury
Toronto, Ontario -- April 15, 2010 -- Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) (the "Company") announces that their Annual General Meeting of Shareholders will be held at Dynamic Earth in the Atlas Copco Theatre in Sudbury on Tuesday, April 20th at 4:30p.m. The Dynamic Earth -- Atlas Copco Theatre is located at 122 Big Nickel Road in Sudbury.
The agenda includes a formal shareholder meeting followed by presentations from management on the Company's progress over the past year. These include:
- The discovery of a new zone of copper-nickel-PGM mineralization on the Parkin Offset dyke in Sudbury. The initial intersection on this zone assayed 8.00 grams per tonne TPM (1.50 g/t platinum + 2.52 g/t palladium + 3.99 g/t gold), 2.57 % copper and 0.78 % nickel over 14.24 metres
- The Company's interest in its spin-out company Duluth Metals Limited maturing from an exploration stage company to a well-funded feasibility stage company with the announcement of a joint venture between Duluth and Antofagasta plc. This joint venture with one of the world's major copper producers, brought market recognition to the project and will see the project funded through bankable feasibility and permitting.
- The Company acquiring a portfolio of porphyry copper-gold-molybdenum properties in BC. The BC property portfolio includes Wallbridge's Rogers Creek Cu-Au-Mo property plus six other recently acquired properties in Southwestern BC. The properties were acquired over a newly recognized belt of Miocene-age intrusive rocks which are highly prospective for Cu-Au-Mo mineralization. These properties are currently being spun out of Wallbridge into a new company, Miocene Metals Limited, in a transaction modeled after the successful spin-out of its Minnesota properties into Duluth Metals Limited.
About the Company
Wallbridge Mining Company Limited's primary focus is the exploration for platinum group element ("PGE"), nickel, and copper deposits in the Sudbury area of Ontario. The Sudbury area hosts the world's largest concentration of nickel deposits and is currently the most active mining camp in North America. Major joint venture partners in Sudbury include Vale Inco, Xstrata Nickel, Lonmin Plc. and Impala Platinum Holdings Limited. Wallbridge also has a major shareholding in Duluth Metals Limited, which has defined a large copper-nickel-PGE resource in the rapidly emerging Duluth Complex base metal camp in Minnesota and recently announced a joint venture with Antofagasta Plc., which will see the project financed through feasibility. Wallbridge also holds a portfolio of porphyry copper-gold-molybdenum properties in southwestern BC which is currently being spun-out into a new company, Miocene Metals Limited, which was formed to finance the exploration of these properties.
For Further Information
Please visit the Company's website at www.wallbridgemining.com, or contact:
Wallbridge Mining Company Limited
Mara Strazdins, Vice-President, Investor Relations
Tel: (416) 369-1500 ext 222
Email: [email protected]
Ron Poirier, Investor Relations
Tel: (705) 682-9297 ext 263
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.