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Cours Or & Argent

Wallbridge Mining Company Ltd

Publié le 13 août 2007

Continues $5.3 M Exploration Program in Sudbury

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Mots clés associés :   Copper | Nickel | Zinc |

Attention Business Editors:

Wallbridge Mining Continues $5.3 M Exploration Program in Sudbury

     TORONTO, Aug. 13 /CNW/ - Wallbridge Mining Company Limited (TSX:WM;
FWB:�WC7) today updated the Company's exploration progress on its Sudbury area
properties. Wallbridge's aggressive $5.3 million summer 2007 exploration
program is well underway with eight mapping crews in the field. Titan-24
geophysical surveys have been completed on four properties and drill testing
of targets has begun. The Company is targeting copper, nickel and platinum
group element ("PGE") mineralization in the Sudbury Basin, host to the world's
largest nickel mining camp. A total of approximately 9,000 metres of drilling
is planned in the Sudbury area before year end.
     Frost Lake, Skynner Lake, Trill and Hess Properties
     ---------------------------------------------------
     A 4,800 metre drill program is underway on Frost Lake which is a high
priority drill target as the property is located directly adjacent to the
Capre 3000 copper-nickel PGE discovery announced by Lonmin Plc/CVRD Inco in
January 2007. Drilling will commence by month's end on the Skynner Lake
property, once targets have been prioritized.
     A total of some 90 kilometres of Titan-24 surveying has been completed on
the Frost Lake, Skynner Lake, Trill and Hess properties. Titan-24 is a deep
penetrating IP/MT survey, which is capable of detecting sulphide
mineralization at greater depths than conventional IP surveys. A number of
targets were delineated on the Frost Lake and Skynner Lake properties. Final,
interpreted results for the Titan-24 survey completed on the Trill and Hess
properties are expected by month's end at which time drill targets will be
selected for fall 2007 drilling. Contracts have been signed for two additional
drills to begin testing targets on these, as well as other properties.
     Foy and North Range Properties
     ------------------------------
     Mapping and geochemical sampling on the Foy property has discovered
mineralized outcrops coincident with an IP chargeability anomaly over mafic
and felsic gneisses in the south-central portion of the property. MMI soil
sampling has delineated a modest contrast Cu-Pd-Au anomaly that overlaps with
the IP anomaly and is within an area that returned two bedrock samples
anomalous in Cu, Pt, Pd, and Au.
     Exploration on Wallbridge's earlier stage North Range properties has been
accelerated in response to the private placement funding agreement with Lonmin
Plc ("Lonmin") announced June 6, 2007. Under this agreement $3.9 million is
earmarked for exploration of these properties over approximately the next
30�months.
     Crowflight, Wisner and Creighton South Properties
     -------------------------------------------------
     During the early part of the summer, drill programs were completed on the
Crowflight and Wisner properties.
     Drill testing of airborne conductors on the Crowflight JV Project
intersected minor zinc mineralization at one of the 10 targets tested. The
summer mapping program is focused on exploring east/west trending structures
that may host the eastward strike extension of the Hess offset dyke and
locating potentially mineralized zones of Sudbury Breccia.
     Two holes were drilled in the Southwest Area of the Wisner Property to
test a moderate depth Titan-24 IP anomaly, which is spatially associated with
copper-nickel-PGE mineralization exposed by trenching, and intersected in
drilling last year (see Press Release dated May 30, 2006). Minor
mineralization was intersected in quartz-epidote-amphibole veinlets and as
disseminations within felsic and mafic gneiss and irregular zones of Sudbury
Breccia. Sudbury Breccia in both drill holes was enriched in pathfinder
elements typical of Sudbury Breccia associated with footwall mineralization
elsewhere in the Sudbury Basin.
     Titan-24 IP anomalies were drill-tested by two holes on the Creighton
South property. Both holes intersected weakly disseminated and
fracture-controlled quartz-chalcopyrite mineralization in mafic metavolcanics,
metasediments and Sudbury Breccia. These results are being interpreted in
relation to the on-going mapping program being conducted in the same area,
which has extended previously recognised east/west trending zones of Sudbury
Breccia, northward towards the Creighton embayment. The Creighton embayment
hosts CVRD Inco's Creighton Mine, which has been in production for greater
than 100 years.
     The Frost Lake property is part of a 50/50 joint venture with Xstrata
Nickel. The Trill, Skynner Lake, Foy and Creighton South properties comprise
part of the Sudbury Camp Joint Venture ("SCJV") with Lonmin which earns a 50%
interest in any property on which a resource is established and can increase
its interest to 65% by taking that property through feasibility and funding
work through to commercial production. The Hess property is a joint venture
with Champion Bear Resources.
     The Qualified Person responsible for the technical content of this press
release is Bruce Jago, PhD. P.Geo, Vice-President, Exploration of Wallbridge
Mining Company Limited.
     About Wallbridge Mining
     Wallbridge Mining Company Limited explores for and develops nickel,
copper and platinum group element ("PGE") 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 a major shareholding
in Duluth Metals Limited, which has a significant property position in the
rapidly emerging Duluth Complex base metal camp in Minnesota. Lonmin Plc is a
shareholder of Wallbridge and will hold approximately 18% of the fully diluted
share capital of Wallbridge if it exercises all of the warrants granted
pursuant to the private placement.
     Lonmin Plc is incorporated in England and Wales and registered as company
number 103002. Registered office: 4 Grosvenor Place, London, SW1X 7YL, United
Kingdom
     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

Wallbridge Mining Company Ltd

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.

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Rapports annuels de Wallbridge Mining Company Ltd
2007 Annual Report
Financements de Wallbridge Mining Company Ltd
18/01/2012Lonmin Plc Makes Private Placement in Wallbridge Mining
18/06/2010Extension of Expiry Term of Warrants
18/05/2010Distribution of Miocene Metals Special Warrants
28/04/2010Closing of Private Placements
14/04/2010Private Placement
06/01/2010Closings of Private Placements
15/12/2009Further Closings of Private Placement
27/11/2009Closings of Private Placement
06/08/2009Announces Final Closing of Private Placement
23/07/2009Announces Closings of Private Placements
23/01/2009Announces Private Placement
02/09/2008Announces Closing of Second Tranche of Private Placement
20/08/2008Announces Closing of Private Placement to Advance BC Propert...
26/03/2008Announces Closing of Private Placement
28/06/2007Completes Private Placement Financing with Lonmin Plc.
Nominations de Wallbridge Mining Company Ltd
20/07/2009Appoints Soever CEO, Holmes Chairman
04/09/2007Announces Corporate Appointment
Projets de Wallbridge Mining Company Ltd
17/09/2013Attractive Valuation due to Imminent Production and Strong A...
13/08/2013Provides Mid-Year Exploration Update
29/05/2012Announces Drilling Underway on Impala Platinum Parkin Offset
07/03/2012Initiates Geophysics on
14/10/2011Intersects 4.11% Nickel and 4.32 grams TPMs in Milnet 1500 Z...
19/05/2011Reports Significant Increase Grade and Tonnage from Broken
16/05/2011Intersects 30.33 g/t Total Precious Metals and 0.50% Copper ...
23/06/2010(Sudbury)Resumes drilling on Parkin PGE-copper-nickel with $1.3M comm...
23/02/2010(Sudbury)Drills Second Cut Through New Sulphide Zone on Parkin Offset...
09/12/2009(Rogers Creek)Intersects Porphyry Copper-Gold Mineralization at Rogers Cre...
13/11/2009(Sudbury)8.00 Grams Per Tonne Platinum+Palladium+Gold over 14.24 metr...
05/11/2009(Rogers Creek)To Expand Drill Program on Rogers Creek Copper-Gold-Molybden...
03/11/2009(Sudbury)Intersects 17.8 metres of Suphides on Parkin Property in Sud...
15/10/2009(Rogers Creek)Starts Drilling on Rogers Creek Porphyry Copper, Gold and Mo...
27/05/2009(Sudbury)Defines Highly Conductive Drill Targets on Sudbury Parkin Of...
02/03/2009(Sudbury)Intersects Copper, Nickel and Precious Metals in 8,600 Metre...
08/12/2008(Sudbury Currie Rose)and Lonmin Approve $1.5 million for 2009 Sudbury Camp Joint ...
02/07/2008(Sudbury Currie Rose)Initiates 2008 Summer Exploration Program in Sudbury
26/02/2008 Intersects Nickel-Copper Mineralization on JV Property in S...
07/08/2007Reports Progress of Broken Hammer Scoping Study
12/06/2006(Rogers Creek)starts summer program with three drills
Communiqués de Presse de Wallbridge Mining Company Ltd
29/09/2014Lonmin Commits $5.5 Million for Platinum Exploration on Wall...
15/07/2014Wallbridge provides update on Broken Hammer Mine production
09/05/2014Wallbridge Mining Announces Voting Results from its Annual a...
24/03/2014Wallbridge Enters Into Definitive Custom Milling Agreement
18/03/2014Wallbridge Announces Production Decision for Broken Hammer P...
18/09/2013s on its Broken
08/05/2013Annual General Meeting to be held at Strathcona Hotel in Tor...
07/05/2013s Broken Hammer Progress
26/03/2013Receives Notice of
18/01/2013Miocene Metals Announces Extension of Line of Credit from Wa...
18/01/2013Highlights Plans for 2013
31/07/2012Provides Mid-Year
19/06/2012Announces Updated Mineral
14/06/2012Announces Final Broken Hammer Bulk Sample Results
26/04/2012Reports on AGM and
05/04/2012Announces Impala Platinum
03/04/2012to Establish New Joint
02/04/2012Announces Closing of
29/03/2012Receives partial payment for Broken Hammer Bulk Sample
02/03/2012Provides Update on Winter
05/01/2012Highlights Plans for 2012
30/11/2011Expands Broken Hammer Zone
29/08/2011Builds Management Team for
26/08/2011Announces Miocene Exercise of Buy Back Option
08/08/2011Spin-Out Miocene Metals
05/08/2011to be featured on CEO Clips on The Documentary Channel
29/07/2011article on Wallbridge Mining as featured in the Northern Min...
21/07/2011Sells 950,000 shares of Duluth Metals to Raise $2.53 million
21/07/2011Announces $1.6M, 5,000m Drill Program with Implala Platinum ...
28/06/2011Completes Delivery of
17/05/2011Reports on Miocene Metals
05/05/2011to be Featured on BTV - Business Television
28/04/2011Extends Broken Hammer PGE Zone
26/04/2011Annual General Meeting to
24/03/2011Starts Drill Program to Expand Broken Hammer Copper- Platinu...
04/03/2011s Broken Hammer Bulk Sample Progress
03/03/2011Expands North Range
12/08/2010Confirms Copper, Gold and Molybdenum Mineralization on Mioce...
27/07/2010Reports on Activities in Sudbury, Duluth and British Columbi...
19/04/2010Extends Record Date for Special Warrant Dividend and Spin-ou...
15/04/2010Annual General Meeting to be held at Dynamic Earth in Sudbur...
31/03/2010Board Approves Special Warrant Dividend and Spin-out of BC P...
23/03/2010Acquires 15 Kilometer Trend of Porphyry Molybdenum Occurrenc...
28/01/2010Increases Shareholding in Duluth Metals Limited
10/12/2009Acquires Dominant Position in New Porphyry Copper-Gold-Molyb...
26/11/2009Adds Parviz Farsangi and Roland Horst to Board of Directors
24/11/2009& Lonmin Plc Approve $1.25 million 2010 Program for Sudbury ...
30/07/2009Confirms Conductor In Parkin Offset Dyke
13/07/2009Defines Large IP Target on Rogers Creek Porphyry Copper-Gold...
02/07/2009Starts Second Drill in 8,900 metre Sudbury Program
22/12/2008 Announces New Channel Sample Results from Their Frost Lake ...
22/09/2008Initiates Drilling on Parkin Offset Dyke
12/09/2008Discovers Porphyry Gold-Copper Mineralization on BC Property
09/09/2008Vends Kirkland Lake Gold Properties to Tanqueray
26/08/2008Signs $5M Joint Venture with Impala Platinum on Parkin Offse...
23/07/2008Begins Exploration on Copper-Zinc and Nickel Targets in Nort...
16/07/2008to Form $5M Joint Venture with Impala Platinum on Parkin Off...
08/07/2008Confirms Presence of Mineralization at Roger's Creek
28/04/2008and Champion Bear enter into Option and Joint Venture Agreem...
23/04/2008 Announces $2.7 Million Program for Xstrata Nickel JV Proper...
23/04/2008Annual General Meeting to be held at Science North.
01/04/2008Victory Nickel Acquires 8.4% of Wallbridge Mining
27/03/2008 Announces JV with Vale Inco and Xstrata Nickel
04/12/2007Uncovers Gold-Silver-Copper-Lead Mineralization in the Sudbu...
25/10/2007Continues Exploration on Hess and Ministic Offset Dyke Prope...
13/08/2007Continues $5.3 M Exploration Program in Sudbury
02/03/2007Updates Sudbury Exploration Progress
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