Wallbridge Mining expects a pre-feasibility study on its Sudbury-area Broken Hammer copper-PGE property to be completed in the third quarter of 2012, according to a new mid-year exploration update.
The company, which is involved in joint venture projects with Impala, Lonmin and Xstrata Nickel, plans to complete more than 15,000 metres of exploration drilling in 2012.
“Our 2012 exploration activities to date have continued at a high level, in contrast to the lower level of activities by many other junior mining companies. This is mainly due to the strong support we have received from our joint venture partners,” Wallbridge president and CEO Marz Kord said in a news release.
“In addition to our exploration activities, our new resource update at Broken Hammer project is encouraging. The pre-feasibility and permitting are on track and, pending the results, would enable us to make a production decision this year.”
The company released an updated mineral resource estimate for Broken Hammer on June 19. The total indicated mineral resource is 231,100 tonnes at a grade of 4.62 g TPM/t (1.90 g/t Pd, 2.01 g/t Pt, and 0.71 g/t Au), 0.92 per cent copper, and 0.10 per cent nickel and 6.35 g/t Ag.
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