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Wallbridge Mining Company Ltd T.WM

Alternate Symbol(s):  WLBMF

Wallbridge Mining Company Limited is a Canada-based company, which is engaged in the exploration and sustainable development of gold projects along the Detour-Fenelon Gold Trend in Quebec's Northern Abitibi region. The Company is focused on advancing its 100% owned Fenelon project and Martiniere project. The projects are situated within the Company's approximately 830 square kilometer (km2) Detour-Fenelon Gold Trend Property located in the Nord-du-Quebec administrative region approximately 75 kilometers (km) west-northwest of the town of Matagami, in the province of Quebec, Canada. Its Detour-Fenelon Gold Trend projects include Casault, Detour East, Grasset Gold, Harri and Doigt. The Company owns a 100% interest in the Nantel property. Its other gold assets include Hwy 810, Beschefer and N2 Property. The Grasset gold property is located immediately east of and adjoins the Fenelon property. The Company also holds approximately 15.8% interest in the common shares of NorthX Nickel Corp.


TSX:WM - Post by User

Post by QuayLewdson Nov 23, 2022 8:03am
154 Views
Post# 35121037

Eh Fluffy

Eh FluffySay goodbye to Hollywood?



BTR:

Although a significant amount of progress on technical matters has been made as part of the PFS, the inability to receive timely and reasonable quotes from mining contractors, suppliers and other service providers has created a challenging environment to adequately assess the economics of the Barry open pit project. This is in addition to significant cost escalation that is prevalent throughout the mining sector. This has led the Company to re-evaluate the development plan at Barry. Specifically, the Company is planning to first complete an infill drilling program on the upper half (above 300 m elevation) of the underground portion of the Barry deposit to determine whether the higher-grade mineralization from the underground, combined with a likely larger scale operation, generates a more economically robust development.

 


And good luck attracting contractors with that rofr that no longer appears in the stmts for some reason.




Quay Lewds
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