TORONTO, Nov. 30, 2011 /CNW/ - Wallbridge Mining Company Limited (TSX:WM,FWB: WC7) ("Wallbridge") today reported the results of 16 drill holes extendingthe Broken Hammer Zone copper-platinum group metals ("PGM") mineralizationnorth, east and west of the 2005 resource estimate. A total of 40 drill holessince 2005 will be incorporated into the new resource estimate currently beingprepared by Wardrop, A Tetra Tech Company, as part of the ongoingpre-feasibility study on the property.
Highlights of the recent drilling include:
- 8.73 metres of 3.58 g/t total precious metals ("TPM") (1.99 g/t platinum + 1.32 g/t palladium + 0.27 g/t gold), 0.90% copper, and 0.14% nickel in hole WIS-117
- 6.10 metres of 5.86 g/t TPM (4.26 g/t platinum + 1.37 g/t palladium + 0.23 g/t gold), 0.35% copper, and 0.06% nickel in hole WIS-119
- 5.05 metres of 6.56 g/t TPM (4.34 g/t platinum + 1.94 g/t palladium + 0.28 g/t gold), 0.21% copper, and 0.01% nickel in hole WIS-120
- 3.65 metres of 5.28 g/t TPM (0.26 g/t platinum + 4.50 g/t palladium + 0.52 g/t gold), 0.71% copper, and 0.24% nickel in hole WIS-125
The assays also include an intersection of 912 grams per tonne platinum over0.37 metres in Hole WIS-116. This extremely high grade intersect, which isattributed to the large sperrylite crystals observed in the drill core is notthought to be representative of the entire deposit, but does confirm thepresence of local high grade pockets, similar to one that was encountered in thebulk sample pit.
Commenting on these results Alar Soever, CEO of Wallbridgestated, "This latest drilling was based upon what we saw in the bulk sample pitand has been highly successful in extending the mineralized zone. We lookforward to incorporating these results into the new resource model, which,together with the very encouraging results from our recently completed bulksample, will form the foundation of the pre-feasibility and feasibility studieswhich are underway and are to be completed in 2012."
A summary of assays from all of the holes is presented in thefollowing table.
| Drill Hole | From
(m) | To
(m) | Length
(m) | TPM
(g/t) | Platinum
(g/t) | Palladium
(g/t) | Gold
(g/t) | Copper
(%) | Nickel
(%) | Extends
zone to |
| WIS-106 | 0.15 | 1.00 | 0.85 | 2.21 | 1.16 | 0.88 | 0.17 | 0.12 | 0.02 | East |
| | 34.00 | 34.65 | 0.65 | 1.05 | 0.55 | 0.43 | 0.08 | 0.08 | 0.02 | East |
| WIS-111 | 8.25 | 9.00 | 0.75 | 1.35 | 0.53 | 0.44 | 0.39 | 0.27 | 0.03 | North |
| WIS-112 | 15.40 | 33.32 | 17.92 | 1.24 | 0.66 | 0.49 | 0.08 | 0.14 | 0.02 | East |
| WIS-113 | 23.16 | 39.70 | 16.54 | 1.28 | 0.52 | 0.60 | 0.16 | 0.31 | 0.04 | West |
| | 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 | West |
| | 22.89 | 35.00 | 12.11 | 1.69 | 0.48 | 0.94 | 0.26 | 0.42 | 0.13 | West |
| | 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 | West |
| | 9.35 | 10.14 | 0.79 | 2.50 | 1.33 | 1.05 | 0.12 | 0.12 | 0.02 | West |
| | 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 | West |
| WIS-116 | 10.00 | 11.55 | 1.55 | 1.20 | 0.58 | 0.52 | 0.11 | 0.12 | 0.02 | West |
| | 31.98 | 46.22 | 14.24 | 2.12 | 0.54 | 1.18 | 0.40 | 0.87 | 0.03 | West |
| | 60.51 | 66.60 | 6.09 | 1.50 | 0.53 | 0.90 | 0.07 | 0.25 | 0.02 | West |
| | 81.32 | 81.69 | 0.37 | 913.79 | 912.00 | 0.88 | 0.91 | 2.63 | 0.06 | West |
| WIS-117 | 31.00 | 33.03 | 2.03 | 2.46 | 0.79 | 1.51 | 0.16 | 0.77 | 0.03 | West |
| | 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 | West |
| | 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 | North |
| | 36.52 | 41.14 | 4.62 | 1.63 | 0.61 | 0.73 | 0.29 | 0.37 | 0.02 | North |
| | 72.45 | 78.55 | 6.10 | 5.86 | 4.26 | 1.37 | 0.23 | 0.35 | 0.06 | North |
| WIS-120 | 13.65 | 15.77 | 2.12 | 1.24 | 0.45 | 0.51 | 0.29 | 0.25 | 0.03 | North |
| | 18.15 | 19.43 | 1.28 | 3.66 | 0.30 | 3.11 | 0.26 | 1.70 | 0.02 | North |
| | 47.00 | 48.07 | 1.07 | 2.01 | 0.37 | 1.47 | 0.18 | 0.29 | 0.03 | North |
| | 53.72 | 55.15 | 1.43 | 1.12 | 0.53 | 0.53 | 0.05 | 0.03 | 0.00 | North |
| | 57.64 | 62.69 | 5.05 | 6.56 | 4.34 | 1.94 | 0.28 | 0.21 | 0.01 | North |
| WIS-121 | 36.62 | 38.12 | 1.50 | 1.29 | 0.04 | 0.90 | 0.35 | 0.05 | 0.01 | North |
| | 72.15 | 77.39 | 5.24 | 3.68 | 1.13 | 1.70 | 0.85 | 0.20 | 0.04 | North |
| WIS-122 | 17.48 | 18.97 | 1.49 | 1.76 | 1.25 | 0.50 | 0.02 | 0.05 | 0.01 | North |
| | 35.69 | 37.82 | 2.13 | 9.27 | 3.60 | 4.04 | 1.63 | 1.41 | 0.12 | North |
| 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 | North |
| WIS-125 | 4.63 | 9.25 | 4.62 | 3.89 | 2.06 | 1.52 | 0.31 | 0.70 | 0.03 | North |
| | 23.15 | 26.80 | 3.65 | 5.28 | 0.26 | 4.50 | 0.52 | 0.71 | 0.24 | North |
| | | | | | | | | | | |
A map illustrating the location of the 16 drill holes reportedin this press release can be found on the Company website under this pressrelease at www.wallbridgemining.com.
The lengths quoted are core lengths. Due to the irregulargeometry of the individual veins, true width is difficult to determineaccurately, but in most cases is expected to exceed 0.7 times the core length.
Wallbridge currently holds a 98.5% interest in the BrokenHammer Property while Xstrata Nickel retains a 1.5% carried interest with somebuy back provisions.
Samples were prepared at ALS Chemex Ltd. laboratories inSudbury and then shipped to their analytical facilities in Vancouver. Sampleswere analyzed for Au, Pt, and Pd by standard lead collection, fire assay fusionwith an atomic emission spectrometry (ICP-AES) finish. Samples were analyzed forbase 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 ofthis press release is Alar Soever P.Geo., CEO of Wallbridge Mining CompanyLimited.