Wallbridge Mining Intersects 17.8 metres of Sulphides on Parkin Property in Sudbury
Sulphide mineralization was intersected across a continuous zone between 1496 metres and 1514 metres down hole. The true width of the intercept can not be determined at this time, but due to the steep dip of the hole is expected to be significantly less than the core length.
The intersection was obtained near the up-dip end of the interpreted UTEM-4 conductor. Further geophysics and drilling will be required to define the full extent and geometry of the mineralized zone.
The mineralized zone, as intersected in WMM-014, consists of a polymict breccia termed “inclusion quartz diorite” that has been cemented by massive chalcopyrite-pyrrhotite-pentlandite stringers comprising up to an estimated 25 volume percent of the core over the entire intersection. Breccia clasts are partially replaced by fine-grained disseminated chalcopyrite and lesser pyrrhotite and pentlandite.
The intersection was made on Wallbridge’s 100% owned Milnet Mine property, which is under joint venture to Impala Platinum Holdings Limited (“Impala”), the world’s second largest primary platinum producer. , which is earning an interest in the property.
Impala Platinum Holdings (“Impala”) can earn a 50% interest in the Parkin Offset Dyke property package by spending
The property package optioned to Impala covers a 9.4 kilometre strike length of the Parkin Offset Dyke and includes a southern block of claims held 98.5% by Wallbridge and 1.5% by Xstrata Nickel, a northern block of claims, which is subject to an option and joint venture agreement between Wallbridge and Champion Bear Resources (See map on Wallbridge’s website at www.wallbridgemining.com
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About Wallbridge Mining Company Limited
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