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coal mining equipment and coal crushing plant

May 19, 2011 9:13 PM ET
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Seeking Alpha Analyst Since 2010

Cantex Mine Development Corp. announce the progress on its Suwar nickel – copper – cobalt project. concrete grinder

Work is progressing well at the Suwar project which is optioned to Vale International S.A, a wholly owned subsidiary of Vale S.A., formerly Companhia Vale do Rio Doce.

Approximately 2,000 soil samples have been processed and submitted to ALS Chemex in Vancouver for analysis.

The ground Induced Polarization (IP) survey is now well underway. The results of the IP survey, in conjunction with the completed gravity, magnetic and soil geochemical surveys along with geological mapping are being used to define drill targets.

Copper and molybdenum sulphide mineralization (pyrite, chalcopyrite and molybdenite) in WRC-001 occurs as disseminations and in quartz-sulphide and sulphide veinlets up to 1 centimetre in width that are unevenly distributed between about 400 metres and about 725 metres depth. The sulphide mineral assemblages are spatially and temporally associated with very well-developed propylitic and phyllic alteration assemblages, both of which increase in intensity toward the core of the targeted IP anomalies. Figure 1, which can be viewed on our website at wallbridgemining.com, shows the location of the mineralization relative to its distribution relative to two IP anomalies on the western flank of Target 1, a 1.6 kilometre diameter breccia pipe.

The Rogers Creek property is located approximately 40 kilometres south of Pemberton in south-western British Columbia. Wallbridge completed a five line, 28 line-kilometre IP geophysical survey on the property during the summer of 2009 (see Wallbridge press release dated July 10, 2009). Prior to the start of drilling in early October, an exploration update was released (see Wallbridge press release dated October 8, 2009), which focused on new mineral discoveries in the vicinity of Target 1 as well as the discovery of copper-molybdenum mineralization (Target 4) on its First Mountain claim block located 18 kilometres to the south of Target 1. The current program is testing a number of IP geophysical targets in and around Target 1. coal crushing plant

Mr. Petrie began his oil and gas career in 1973 with Mobil Oil Canada. In 1977, he joined the junior sector where he has been actively involved in management and direction of public and private companies since 1980. Prior thereto, from 1969 to 1973, he worked in both exploration and mine production for Sherritt Gordon Mines in Manitoba, and later as drill foreman on a Cominco exploration project in N.W.T.

Mr. Petrie holds a B.Sc. Hon. degree in Geology from University of Saskatchewan.

David Stadnyk, President and CEO of Guerrero said, “We are pleased to welcome Mr. Petrie to the Advisory Board. Mr. Petrie has made extensive contributions to the companies with which he has been involved with in the past. Guerrero looks forward to executing the exploration work program on its Mexico project with input from the Advisory Board and views Mr. Petrie’s experience on both the corporate and technical sides of the resource industry as a valuable asset to the Company.” coal mining equipment

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