Wallbridge Mining Defines Highly Conductive Drill Targets on Sudbury Parkin Offset Dyke Properties
Commenting on the geophysical results, Alar Soever, President of Wallbridge, stated “The definition of these two high quality targets is the result of our systematic drilling program and the use of state-of-the-art geophysical techniques. We look forward to drill testing these targets as part of the next work program on the property. Drill testing of highly conductive targets such as these has resulted in the discovery of major deposits on other offset dykes in
The highest priority target is highly conductive (minimum 5000 siemens conductor identified by a UTEM-4 down-hole electromagnetic survey) and is located about 30 metres northwest of hole WMM-010 with its top at a depth of 1370 metres down-hole or a vertical depth of about 1200 metres. This conductor is located within the down-plunge projection of the Number 2 Zone sulphide lenses of the Milnet Mine, which saw production of 157,130 tons at a grade of 1.49% copper (Cu), 1.54% nickel (Ni), 2.25 g/t platinum (Pt), 2.98 g/t palladium (Pd) and 0.33 g/t gold (Au) in the 1950′s. Historic drilling below the mine workings intersected mineralization to a depth of about minus 500 metres along this trend. Notable intersections include 1.5 metres of 1.34% Cu and 4.34% Ni, 1.0 metres of 1.10% Cu and 1.70% Ni, 0.2 metres of 5.00% Cu and 10.00% Ni and 0.3 metres of 2.51% Cu, 0.41% Ni and 1.02 g/t platinum+palladium+gold (TPM). A figure showing the location of the off-hole conductor relative to drill hole WMM-010, historical Milnet Mine workings, historical intersections and the interpreted geometry of the Parkin Offset Dyke and entitled “Cross-section of drillhole WMM-010″ can be viewed on our website at www.wallbridgemning.com as part of this press release.
The second conductive zone was detected by a Fara Systems radio-imaging (RIM) survey and is located about 860 metres southwest of conductor # 1, at a vertical depth of about 740 metres. This conductive zone is located down dip of the Brady Showing, a high grade lense of surface mineralization located about halfway between the Milnet Mine and Wallbridge’s Parkin resource. Historic channel sampling of the Brady showing has returned values of up to 2.7 metres of 11.2% Cu, 0.6% Ni, 9.2 g/t Pt, 4.3 g/t Pd and 1.6 g/t Au. A longitudinal section illustrating the geophysical results relative to known mineralization entitled “Geophysical long section – Parkin Offset Dyke” can be viewed on our website at www.wallbridgemining.com as part of this press release.
The Parkin Properties comprises a southern block of claims held 98.5% by Wallbridge and 1.5% by Xstrata Nickel, a central block of claims covering the historic Milnet Mine workings owned 100% by Wallbridge and a northern block of claims and three claims between Wallbridge’s southern and Milnet claim blocks covering the so-called Brady Showing, which are subject to an option and joint venture agreement between Wallbridge and Champion Bear Resources (See property map on Wallbridge’s website at www.wallbridgemining.com).
The Parkin Properties are being explored in joint venture with Impala Platinum Holdings Limited (Impala), the world’s second largest primary platinum producer. Impala can earn a 50% interest in the Parkin Property by spending
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About Wallbridge Mining
Wallbridge Mining Company Limited’s primary focus is the exploration of nickel, copper and platinum group element (“PGE”) deposits in the
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SOURCE Wallbridge Mining Company Limited