Re: News Releases - Friday, July 10, 2009
Title: Wallbridge Mining Defines Large IP Target on Rogers Creek Porphyry Copper-Gold Property
Toronto, Ontario - July 10, 2009 - Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) announced today that a large Induced Polarization chargeability anomaly has been defined on its Rogers Creek porphyry copper-gold-molybdenum property in SW British Columbia. The anomaly covers a north-south distance of at least 400 metres and is approximately 1000 metres wide. Its top is between 100-200 metres below surface and it extends to depth. The response is typical of porphyry style mineralization.
This IP chargeability anomaly is centred immediately to the west of an intrusive breccia pipe known as Target 1, beneath an area which hosts a number of surface copper-gold-silver occurrences. Gold, copper and silver (Au, Cu and Ag) soil geochemical anomalies have also been defined on the northern flank of the breccia pipe.
"The progress we have made on this property is exceptional", stated Alar Soever, President of Wallbridge Mining, "It has rapidly progressed from an exploration concept to the point where we now have a large, high quality drill target within a very large system."
The anomaly was defined by a recent IP program, carried out by Abitibi Geophysics, which covers a six by two kilometre area which contains numerous copper-gold occurrences as well as a number of other features indicative of a large mineralizing system. The purpose of the IP survey was to test for mineralization within and around the periphery of the Target 1 and 2 breccia pipes. The Target 1 breccia pipe consists of a variety of highly altered breccia rock types containing mineralized and nonmineralized rock clasts and is intruded by a highly altered feldspar-porphyry stock discovered while prospecting early in 2009. Figure 1, which can be viewed on our website at www.wallbridgemining.com illustrates the location of the IP anomaly as well as the distribution of mineral showings around Targets 1 and 2.
Click to Enlarge
Figure 2, which can be viewed our website at
www.wallbridgemining.com, illustrates results from Line 10200, which crosses Target 1, 300 metres south of the Poirier showing, and highlights the size of the chargeability anomaly, and its relationship to at-surface geology and Cu, Au and Ag mineralization.
Click to Enlarge
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 MiningWallbridge Mining Company Limited's primary focus is the exploration of nickel, copper and platinum group element ("PGE") deposits in the Sudbury area of Ontario. The Sudbury area hosts the world's largest concentration of nickel deposits and is currently the most active mining camp in North America. Major joint venture partners in Sudbury include Vale Inco, Xstrata Nickel, Lonmin Plc and Impala Platinum Holdings Limited. Wallbridge also has a major shareholding in Duluth Metals Limited, which has defined a large copper-nickel-PGE resource in the rapidly emerging Duluth Complex base metal camp in Minnesota. Wallbridge is also exploring a large porphyry copper-goldmolybdenum property in south-western British Columbia and has interests in copper-zinc and gold properties in north-eastern Ontario.
For Further InformationPlease visit the Company's website at
www.wallbridgemining.com, or contact:
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 forwardlooking statements. Wallbridge disclaims any intention or obligation to update or revise any forwardlooking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
Copyright � 2009 WALLBRIDGE MINING COMPANY LIMITED (WM) All rights reserved. For more information visit our website at
http://www.wallbridgemining.com/ or send email to
info@wallbridgemining.com ..
Message sent on Fri Jul 10, 2009 at 5:45:52 AM Pacific Time
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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. |