Wallbridge Announces New Channel Sample Results from Their Frost Lake Property
TORONTO, Dec. 22 /CNW/ - Wallbridge Mining Company Limited (TSX:WM;
FWB:WC7) today is pleased to announce significant new channel sample results
from the Amy Lake PGE zone, which occurs on the Frost Lake property on the
East Range of the Sudbury Igneous Complex ("SIC"). The new channel sample
results include 9.078 grams per tonne (g/t) Total Precious Metals (TPM equals
Platinum+Palladium+Gold) over 1.0 metre and 4.474 g/t TPM over 0.8 metres. The
channel samples were collected this fall from previously unsampled veins
identified by mapping ensuing from a new interpretation of the structural
controls on mineralization within the zone.
The Amy Lake PGE zone is located 600 metres to the north of the Capre
3000 Zone, a copper-platinum-palladium-gold (Cu-PGE) discovery announced in a
press release by the Vale Inco/Lonmin joint venture on January 23, 2007. The
Amy Lake PGE zone occurs within the same zone of altered and mineralized
footwall rocks as the Capre 3000 discovery.
Channel sample assays with results greater than 1.0 g/t TPM
(Platinum+Palladium+Gold) are given in the table below:
Channel From To Length TPM Pt Pd
No. (m) (m) (m) (g/t) (g/t) (g/t)
-------------------------------------------------------------------------
Channel 1 2.00 3.00 1.00 1.502 0.398 0.980
Channel 2 2.00 2.50 0.5 1.134 0.326 0.507
Channel 5 0.50 1.00 0.5 1.767 0.398 0.818
Channel 6 0.50 1.00 0.5 2.234 0.109 1.815
Channel 7 0.50 0.70 0.2 2.887 0.567 1.270
Channel 8 0.50 0.90 0.4 1.407 0.172 1.130
Channel 10 0.40 1.20 0.80 4.474 1.120 3.102
including 0.40 0.60 0.20 10.49 2.350 7.730
Channel 12 0.50 1.50 1.0 9.078 3.787 3.768
including 0.50 1.00 0.5 17.11 7.230 6.970
Channel Au Ag Cu Ni S
No. (g/t) (g/t) (%) (%) (%)
-------------------------------------------------------------------------
Channel 1 0.124 2.1 2.65 0.28 2.18
Channel 2 0.301 15.2 1.25 0.17 1.81
Channel 5 0.551 35.4 1.43 0.98 10.00
Channel 6 0.310 26.1 1.41 0.06 1.16
Channel 7 1.050 40.6 0.39 0.07 0.46
Channel 8 0.105 10.4 1.26 0.07 1.24
Channel 10 0.253 16.9 1.78 0.56 2.04
including 0.405 31.7 3.92 1.71 4.93
Channel 12 1.524 13.9 0.19 0.07 0.33
including 2.910 24.5 0.26 0.09 0.47
Channel samples are concentrated within the South Trench (Channels 1, 2,
5, 6, 7, 8 and 10) and North Trench (Channel 12) excavations, which lie
approximately 400 metres apart within the north-northwest-trending Amy Lake
Zone. Channels were oriented to sample mineralized veins at right angles but
do not, in all cases, represent true widths due to their occurrence in
sometimes complex structures.
The 2008 channel sample program represents the beginning of a new
direction for exploration on the Amy Lake Platinum Group Element (PGE) zone
where previous surface grab samples and diamond drilling defined a roughly 100
metre wide by 600 metre long zone of low-sulphide Copper-PGE mineralization
centred on a geophysical anomaly (four line IP chargeability). Within this
zone, Copper-PGE mineralization was associated with disseminated to stringer
chalcopyrite-millerite-pyrrhotite-pyrite veins hosted by irregular zones of
partially melted Sudbury Breccia (see press releases dated September 29, 2005
and December 6, 2005).
New channel sample results are highly significant in that channel sample
locations were planned to test low-sulphide mineralization hosted primarily in
veins and zones of "partial melt" and gneissic-textured mafic rocks, both not
previously recognized as having Copper-PGE potential and therefore not
sampled. Mapping and prospecting during the summer of 2008 showed that this
style of mineral occurrence is widespread within the Amy Lake Zone and may be
a more important host to mineralization than previously sampled zones of
sulphide stringers and disseminations in Sudbury Breccia (see press releases
above). On-going studies are determining structural controls on mineralization
and will help to focus future drilling programs.
Samples were prepared at ALS Chemex Ltd. Laboratories in Sudbury and then
shipped to their analytical facilities in Vancouver. Samples were analyzed for
Au, Pt, and Pd by standard lead collection fire assay fusion followed by a
combination of inductively coupled plasma mass spectrometry (ICP-MS) and
atomic emission spectrometry (ICP-AES). Samples were also analyzed for 33 base
metal and trace elements using a four acid (HNO3-HCIO4-HF and HCI) near total
digestion and a combination of ICP-MS and ICP-AES.
The Qualified Person responsible for the technical content of this press
release is Bruce Jago, PhD. P.Geo, Vice-President, Exploration of Wallbridge.
The Frost Lake Property is a joint venture between Wallbridge and Xstrata
Nickel, with each company holding a 50% interest and with Wallbridge as the
Operator.
About Wallbridge Mining
Wallbridge Mining Company Limited's primary focus is the exploration of
nickel, copper and platinum group element ("PGE") 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. Wallbridge is also exploring a large porphyry
copper-gold-molybdenum property in south-western British Columbia and has
interests in copper-zinc and gold properties in north-eastern Ontario.
About Xstrata Nickel
Xstrata Nickel, headquartered in Toronto, Canada, is one of Xstrata
Group's global commodity businesses, comprising five mines and processing
facilities in Ontario and Quebec, Canada; a ferronickel mine and processing
facility in Bonao, Dominican Republic; high-grade sulphide mines and a
processing facility in Western Australia and a refinery in Kristiansand,
Norway. Xstrata Nickel has a significant portfolio of growth projects,
including Koniambo in New Caledonia, Nickel Rim South in Canada, Kabanga in
Tanzania and Araguaia in Brazil. Xstrata Nickel is the world's fourth largest
nickel producer, with annual managed production of more than 116,000 tonnes of
refined nickel.
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.
%SEDAR: 00010252E
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:
asoever@wallbridgemining.com; Mara Strazdins, Vice-President, Investor
Relations, Tel: (416) 369-1500, Ext. 222, Email:
mstrazdins@wallbridgemining.com
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EXPLORATEUR |
CODE : WC7.F |
ISIN : CA9323971023 |
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Wallbridge Mining est une société d’exploration minière de cuivre et de nickel basée au Canada. Wallbridge Mining détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont ROGERS CREEK, SUDBURY et HEFF OFFSET DIKE au Canada. |