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Wallbridge Mining Co Ltd. T.WM

Alternate Symbol(s):  WLBMF

Wallbridge Mining Company Limited is a Canada-based company, which is focused on exploration and sustainable development of gold projects. The Company’s flagship project, Fenelon Gold (Fenelon), is located on the highly prospective Detour-Fenelon Gold Trend Property in Quebec’s Northern Abitibi region. The Company’s Martiniere project is located approximately 110 kilometers (km) west of the town of Matagami and 150 km north of Amos, Quebec, Canada. The Company’s Beschefer project covers 6.47 square kilometers (km2) and is located 28 km southwest of the Fenelon Gold project. The Company also holds a 19.9% interest in the Archer Exploration Corp. (Archer). Archer holds a portfolio of nickel assets in Ontario and Quebec.


TSX:WM - Post by User

Bullboard Posts
Post by Boon81on Aug 13, 2019 3:00pm
106 Views
Post# 30023160

NSR

NSR"In addition, during the quarter, Ely Gold Royalties Inc. (“Ely Gold”) announced that it had acquired a 2% NSR on the Fenelon Gold Property pursuant to an exploration agreement dated October 31, 1986. The NSR was not registered on title when the Company acquired the Fenelon Gold Property in 2016. The Company and Ely Gold are in the process of finalizing a settlement agreement on the terms of this royalty."

Cool so another 2% NSR on top the existing 2% NSR we knew about...




Bullboard Posts