TORONTO, Feb. 23 /CNW/ - Wallbridge Mining Company Limited (TSX:WM; FWB: WC7) ("Wallbridge") today announced that the wedge-cut (WMM-014-W1), drilled from parent hole WMM-014, has intersected two intervals of semi-massive copper-nickel sulphide mineralization within a broader 12.66 m zone which assayed 0.96% copper, 0.44% nickel and 2.85 g/t Total Precious Metals (TPM).
This intersect, together with the down-hole UTEM surveys completed in the new hole, indicate the presence of conductive sulphide mineralization over an apparent distance of at least 150 metres along strike and 100 metres down dip.
Commenting on the new drill results Alar Soever, President and CEO of Wallbridge stated, "These new drill results are very encouraging, in that taken together with the down-hole geophysical results, they extend the apparent size of this zone. Our current drilling is really the first test of this portion of the dyke and there is room to expand this zone both along strike and down-dip."
WMM-014-W1 was drilled to follow-up the intersection in WM-014 which assayed 8.00 grams per tonne TPM (1.50 g/t platinum + 2.52 g/t palladium + 3.99 g/t gold), 2.57 % copper and 0.78 % nickel over 14.24 metres. (see Wallbridge Press Release dated November 13, 2009).
The new 12.66 metre intersection in WMM-014-W1 returned the following assays:
- 2.46 g/t TPM (0.88 g/t platinum + 1.23 g/t palladium + 0.35 g/t
gold), 0.96% copper, 0.44% nickel over 12.66 metres from 1493.90 to
1506.56 down-the-hole, including:
- 2.85 g/t TPM (1.04 g/t platinum + 1.42 g/t palladium + 0.40 g/t
gold), 2.03% copper and 1.17% nickel over 3.06 metres from 1493.90
to 1496.96 metres down-the-hole
- 5.87 g/t TPM (2.10 g/t platinum, 2.95 g/t palladium and 0.82 g/t
gold), 1.49% copper and 0.51% nickel over 3.60 metres from 1502.96
to 1506.56 down-the-hole
The sulphide zone intersected in drill holes WMM-014W1 and WMM-014 (see Wallbridge press releases dated November 13, 2009) is isolated from other drilling (WMM-005) on the Parkin Offset Dyke which is greater than 500 metres away to the south as shown in Figure 1 (see Wallbridge website: www.wallbridgemining.com). As shown in Figure 2, the sulphide zone occurs near the centre of a cluster of BHUTEM plates and is open along strike and down dip.
Borehole geophysical surveys (BHUTEM4) confirmed the presence of two zones of conductive sulphide mineralization and extended the strike and dip extent of the known zones to at least 150 metres along strike and 100 metres down dip. Sulphide mineralization occurs as massive sulphide stringers and replacements within the central, inclusion-rich zone of the offset dyke, where the dyke intersected a thick gabbro sill. In these respects, the sulphide zone is similar to other offset dyke discoveries in Sudbury, including the recent discovery of copper-nickel-platinum group element mineralization announced by FNX on January 19, 2010 at their Victoria property in the Worthington Offset Dyke.
Complete assays across the intersection are given in the table below.
