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  • Wallbridge Mining delivers bulk sample from Broken Hammer for processing 0 comments
    Jun 28, 2011 11:05 AM | about stocks: WM

    Canada-based Wallbridge Mining (TSE:WM) reported on Monday that it has completed delivery of 30,500 tonnes of material from its Broken Hammer platinum-palladium-copper property to Xstrata’s Strathcona Mill for processing.

    "Successful delivery of the bulk sample completes another step along the road to development of the Broken Hammer deposit,” said President and CEO of Wallbridge, Alar Soever.

    Wallbridge said the material is scheduled for batch processing next month. The process will reveal the metallurgical recoveries and determine grade and mining dilution.

    Additionally, after results of the bulk sampling program and the recently-finished drill program are available, a new resource estimate and feasibility study will be prepared using current medium and long-term metal prices, the company said.

    Wallbridge discovered the Broken Hammer property as a result of a grass roots exploration campaign on the North Range of the Sudbury Basin.

    In November 2005, the property was estimated to have an NI 43-101 compliant inferred resource of 251,000 tonnes at a grade of 3.8 g/t total precious metals, 1% copper and 0.10% nickel.

    Wallbridge currently holds a 98.5% interest in Broken Hammer, while Xstrata Nickel retains a 1.5% carried interest with some buy back provisions.

    Aside from Wallbridge's interests in Sudbury, the company also holds a portfolio of porphyry copper-gold-molybdenum properties in southwestern British Columbia, which has been spun-out into a new company, Miocene Metals.

    Stocks: WM
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