Mr. Alar Soever reports
WALLBRIDGE MINING EXPANDS BROKEN HAMMER ZONE
Wallbridge Mining Company Ltd. today released the results of 16
drill holes extending the Broken Hammer zone copper-platinum-group-metals (PGM) mineralization north, east and west of the 2005 resource
estimate. A total of 40 drill holes since 2005 will be incorporated
into the new resource estimate currently being prepared by Wardrop, a
Tetra Tech company, as part of the continuing prefeasibility study on the
property.
Highlights of the recent drilling include:
- 8.73 metres of 3.58 grams per tonne total precious metals (TPM) (1.99 grams per tonne platinum plus 1.32 grams per tonne
palladium plus 0.27 gram per tonne gold), 0.90 per cent copper and 0.14 per cent nickel in hole
WIS-117;
- 6.10 metres of 5.86 g/t TPM (4.26 g/t platinum plus 1.37 g/t palladium plus
0.23 g/t gold), 0.35 per cent copper and 0.06 per cent nickel in hole WIS-119;
- 5.05 metres of 6.56 g/t TPM (4.34 g/t platinum plus 1.94 g/t palladium plus
0.28 g/t gold), 0.21 per cent copper and 0.01 per cent nickel in hole WIS-120;
- 3.65 metres of 5.28 g/t TPM (0.26 g/t platinum plus 4.50 g/t palladium plus
0.52 g/t gold), 0.71 per cent copper and 0.24 per cent nickel in hole WIS-125.
The assays also include an intersection of 912 grams per tonne platinum
over 0.37 metre in hole WIS-116. This extremely high-grade intersect,
which is attributed to the large sperrylite crystals observed in the
drill core, is not thought to be representative of the entire deposit,
but does confirm the presence of local high-grade pockets, similar to
one that was encountered in the bulk sample pit.
Commenting on these results, Alar Soever, chief executive officer of Wallbridge, stated: "This
latest drilling was based upon what we saw in the bulk sample pit and
has been highly successful in extending the mineralized zone. We look
forward to incorporating these results into the new resource model,
which, together with the very encouraging results from our recently
completed bulk sample, will form the foundation of the prefeasibility
and feasibility studies which are under way and are to be completed in
2012."
A summary of assays from all of the holes is presented in the table.
Drill From To Length TPM Platinum Palladium Gold Copper Nickel
hole (m) (m) (m) (g/t) (g/t) (g/t) (g/t) (%) (%)
WIS-106 0.15 1.00 0.85 2.21 1.16 0.88 0.17 0.12 0.02
34.00 34.65 0.65 1.05 0.55 0.43 0.08 0.08 0.02
WIS-111 8.25 9.00 0.75 1.35 0.53 0.44 0.39 0.27 0.03
WIS-112 15.40 33.32 17.92 1.24 0.66 0.49 0.08 0.14 0.02
WIS-113 23.16 39.70 16.54 1.28 0.52 0.60 0.16 0.31 0.04
47.21 70.35 23.14 2.25 0.90 1.10 0.26 0.37 0.09
WIS-114 8.16 8.50 0.34 2.46 1.19 1.17 0.11 0.45 0.41
22.89 35.00 12.11 1.69 0.48 0.94 0.26 0.42 0.13
50.21 57.38 7.17 1.30 0.63 0.56 0.10 0.17 0.02
71.19 72.01 0.82 22.78 14.72 5.65 2.40 1.62 0.10
80.58 81.45 0.87 18.88 2.83 8.59 7.46 0.44 0.04
WIS-115 3.68 4.00 0.32 1.25 0.68 0.46 0.11 0.12 0.02
9.35 10.14 0.79 2.50 1.33 1.05 0.12 0.12 0.02
18.12 36.06 17.94 1.34 0.41 0.75 0.18 0.34 0.09
51.27 54.00 2.73 10.92 6.42 4.20 0.30 2.83 0.11
93.04 95.79 2.75 3.37 1.58 1.39 0.40 0.16 0.03
WIS-116 10.00 11.55 1.55 1.20 0.58 0.52 0.11 0.12 0.02
31.98 46.22 14.24 2.12 0.54 1.18 0.40 0.87 0.03
60.51 66.60 6.09 1.50 0.53 0.90 0.07 0.25 0.02
81.32 81.69 0.37 913.79 912.00 0.88 0.91 2.63 0.06
WIS-117 31.00 33.03 2.03 2.46 0.79 1.51 0.16 0.77 0.03
61.80 70.53 8.73 3.58 1.99 1.32 0.27 0.90 0.14
90.18 91.62 1.44 1.53 0.94 0.48 0.10 0.16 0.04
WIS-118 30.21 32.71 2.50 0.98 0.59 0.34 0.06 0.20 0.02
57.69 69.66 11.97 1.90 0.92 0.74 0.24 0.12 0.02
WIS-119 13.00 16.50 3.50 1.43 0.43 0.91 0.08 0.30 0.05
36.52 41.14 4.62 1.63 0.61 0.73 0.29 0.37 0.02
72.45 78.55 6.10 5.86 4.26 1.37 0.23 0.35 0.06
WIS-120 13.65 15.77 2.12 1.24 0.45 0.51 0.29 0.25 0.03
18.15 19.43 1.28 3.66 0.30 3.11 0.26 1.70 0.02
47.00 48.07 1.07 2.01 0.37 1.47 0.18 0.29 0.03
53.72 55.15 1.43 1.12 0.53 0.53 0.05 0.03 0.00
57.64 62.69 5.05 6.56 4.34 1.94 0.28 0.21 0.01
WIS-121 36.62 38.12 1.50 1.29 0.04 0.90 0.35 0.05 0.01
72.15 77.39 5.24 3.68 1.13 1.70 0.85 0.20 0.04
WIS-122 17.48 18.97 1.49 1.76 1.25 0.50 0.02 0.05 0.01
35.69 37.82 2.13 9.27 3.60 4.04 1.63 1.41 0.12
WIS-123 No significant values
WIS-124 35.86 41.02 5.16 1.56 0.13 1.26 0.17 0.61 0.05
WIS-125 4.63 9.25 4.62 3.89 2.06 1.52 0.31 0.70 0.03
23.15 26.80 3.65 5.28 0.26 4.50 0.52 0.71 0.24
A map illustrating the location of the 16 drill holes reported in this
news release can be found on the company website.
The lengths quoted are core lengths. Due to the irregular geometry of
the individual veins, true width is difficult to determine accurately,
but in most cases is expected to exceed 0.7 times the core length.
Wallbridge currently holds a 98.5-per-cent interest in the Broken Hammer
property while Xstrata Nickel retains a 1.5-per-cent carried interest with some
buyback provisions.
Samples were prepared at ALS Chemex Ltd. laboratories in Sudbury and
then shipped to its analytical facilities in Vancouver. Samples were
analyzed for Au, Pt and Pd by standard lead collection, fire-assay
fusion, with an atomic emission spectrometry (ICP-AES) finish. Samples
were analyzed for base metals, silver and trace elements using a four-acid (HNO3-HCIO4-HF and HCI) near-total digestion and a combination of
ICP-MS and ICP-AES finish.
The qualified person responsible for the technical content of this news release is Alar Soever, PGeo, chief executive officer of Wallbridge Mining.
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