Attention Business Editors:
Wallbridge Mining Confirms Presence of Mineralization at Roger's Creek
TORONTO, July 8 /CNW/ - Wallbridge Mining Company Limited (TSX:WM; FWB:
WC7) today announced that initial sampling on its Roger's Creek Property in
British Columbia had confirmed the presence of gold-silver-copper
mineralization in what appears to be a porphyry copper-molybdenum-gold
setting. Values in grab samples of vein material from within several areas of
anomalous soil samples defined by preliminary work late last fall (see
Wallbridge press release March 3, 2008) include 23 grams per tonne gold,
136 grams per tonne silver and 5610 ppm copper in one sample, and 6.45 grams
of gold, 232 grams silver and 6470 ppm copper in a second.
Commenting on these early results, Alar Soever, President of Wallbridge
stated, "While it is important to remember that these are results from a very
few selected grab samples of mineralization, it is very encouraging to be able
to find this kind of gold-silver-copper mineralization associated with what
appears to be a large alteration package within a completely unexplored
intrusion".
Currently, stream sediment sampling, mapping and prospecting are underway
to determine the limits of the mineralization. A 1,434 line-kilometre airborne
magnetic and VLF survey is underway and anticipated to be finished before the
end of July. Eight of 16 rock samples returned anomalous gold values.
The samples also contain anomalous levels of silver, copper and
molybdenum. A complete table of analytical results is shown below.
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Sample Sample RockType Field Desc Gold Ag Copper Moly Lead Zinc Sulpher
ID Type g/t ppm ppm ppm ppm ppm %
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6401 Grab Granod- Trace 0.009 0.8 20 3.02 29 111 0.96
iorite dissemin-
ated
pyrite
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6402 Grab Breccia Strongly 0.171 11.5 78 17.40 147 42 0.05
argillic
altered
breccia
unit
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6403 Grab Granod- Weak- 0.002 0.2 38 0.54 15 53 less
iorite moderate than
propylitic 0.01
alteration
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6404 Grab Granod- Weak 0.003 0.2 51 0.66 11 38 0.01
iorite propylytic
alteration
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6405 Grab Granod- Gossanous 0.018 0.4 86 75.90 23 51 5.56
iorite subcrop
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6406 Grab Granod- Goss- 0.057 0.2 6 6.99 15 35 0.83
iorite anous;
abundant
pyrite
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6407 Grab Granod- Propy- 0.006 0.3 59 1.59 24 60 0.01
iorite litic
alteration,
magnetite
along
joints
-------------------------------------------------------------------------
6408 Grab Granod- Gossanous 0.003 5.2 122 3.29 128 230 0.04
iorite subcrop;
malachite
staining
-------------------------------------------------------------------------
6409 Grab Granod- Trace 0.008 1.9 20 0.78 212 238 1.54
iorite dissem-
inated
pyrite
-------------------------------------------------------------------------
6410 Grab Granod- Trace 0.002 1.7 30 1.11 85 234 0.73
iorite dissem-
inated
pyrite
-------------------------------------------------------------------------
6411 Grab Granod- Breccia
iorite unit
with 0.030 77.1 1100 5.39 2220 816 0.52
malachite
staining
-------------------------------------------------------------------------
6412 Grab Granod- Trace 0.003 5.3 98 0.42 166 503 0.50
iorite dissem-
inated
pyrite
-------------------------------------------------------------------------
6413 Grab Granod- Malachite 0.230 37.9 2630 100.00 2210 1565 0.84
iorite -filled
joints
-------------------------------------------------------------------------
-------------------------------------------------------------------------
6414 Grab Granod- Pyrite- 6.460 232.0 6470 24.30 1120 700 great-
iorite chalcopy- er
rite- than
quartz 10.0
vein
-------------------------------------------------------------------------
6415 Grab Granod- Chal- 23.100 136.0 5610 15.80 1450 444 4.01
iorite copy-
rite-
pyrite-
quartz
vein
-------------------------------------------------------------------------
6416 Grab Granod- Minor 0.027 2.0 560 2.56 99 845 0.06
iorite malachite,
traces
chalcopyrite
-------------------------------------------------------------------------
Samples were processed at ALS Chemex Laboratory in Vancouver, BC. Samples
were analyzed for Au by standard lead collection fire assay fusion followed by
a combination of inductively coupled plasma mass spectrometry (ICP-MS) and
atomic emission spectrometry (ICP-AES). Samples are also analyzed for 47 base
metals and trace elements using a four acid (HNO3-HCIO4-HF and HCI) near total
digestion and a combination of ICP-MS and ICP-AES. ICP overlimits are
re-analyzed using sodium peroxide fusion acid dissolution followed by ICP-AES.
The Qualified Person responsible for the technical content of this press
release is Bruce Jago, PhD. P.Geo, Vice-President, Exploration of Wallbridge
Mining Company Limited.
About Wallbridge Mining
Wallbridge Mining Company Limited primarily explores for and develops
nickel, copper and platinum group element ("PGE") deposits. The Company's
principal properties are located in the Sudbury Basin in Ontario. The Sudbury
area hosts the world's largest concentration of nickel deposits and is
currently the most active mining camp in North America. Wallbridge also has a
major shareholding in Duluth Metals Limited, which has a significant property
position in the rapidly emerging Duluth Complex base metal camp in Minnesota.
Wallbridge has volcanic-hosted copper-zinc and gold properties in Ontario and
a large porphyry copper-molybdenum-gold property in south-western British
Columbia.
This document may contain forward-looking statements relating to
Wallbridge's operations or to the environment in which it operates. Such
statements are based on operations, estimates, forecasts and projections. They
are not guarantees of future performance and involve risks and uncertainties
that are difficult to predict and may be beyond Wallbridge's control. A number
of important factors could cause actual outcomes and results to differ
materially from those expressed in forward-looking statements, including those
set forth in other public filings. In addition, such statements relate to the
date on which they are made. Consequently, undue reliance should not be placed
on such forward-looking statements. Wallbridge disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, save and except as may
be required by applicable securities laws.
%SEDAR: 00010252E
For further information: Please visit the Company's website at
www.wallbridgemining.com, or contact: Wallbridge Mining Company Limited: Alar
Soever, President, Tel: (705) 682-9297, Email:
asoever@wallbridgemining.com; Mara Strazdins, Vice-President, Investor
Relations, Tel: (416) 369-1500 ext 222, Email:
mstrazdins@wallbridgemining.com
.
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Wallbridge Mining Company Ltd
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EXPLORATEUR |
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CODE : WC7.F |
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ISIN : CA9323971023 |
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Wallbridge Mining est une société d’exploration minière de cuivre et de nickel basée au Canada. Wallbridge Mining détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont ROGERS CREEK, SUDBURY et HEFF OFFSET DIKE au Canada. |