It will cost $1.9 million to build an
open-pit mine at the Broken Hammer property in Sudbury owned by
Wallbridge Mining Company, according to a prefeasibility study
released Oct. 16.
The study estimates a production rate
of 750 tonnes of ore per day for an estimated mine life of 12 months.
The cost to operate the mine, including
startup development, totals $25.95 million, or $131.99 per tonne of
ore. The study proposes treating the ore at a custom mill facility.
The Broken Hammer mineral resource
estimates 196,600 tonnes of ore with 0.92 per cent copper, 0.10 per
cent nickel, 1.92 g/t platinum, 1.82 g/t palladium, 0.64 g/t gold and
6.02 g/t silver.
"We are very encouraged by the
positive results of the prefeasibility study," Marz Kord,
president and CEO of Wallbridge Mining, said in a news release. "The
prefeasibility suggests that the Broken Hammer project has the
potential to become economically viable and generate positive cash
flow. What's more encouraging is that the deposit remains open for
expansion to the west and to depth."
Broken Hammer is located within a 9-km
strike length on the northern rim of the Sudbury basin.