Wallbridge Extends New Trill Offset Dyke to 1.8 kilometres
TORONTO, Sept. 2 /CNW/ - Wallbridge Mining Company Limited (TSX: WM)
today updated exploration progress on its newly discovered Trill Offset dyke.
The offset structure has now been traced by field mapping assisted by ground
geophysics, over a strike length of about 1.8 kilometres. (see map on
Wallbridge website). The Company currently controls property covering 11.5
kilometres of potential dyke strike length.
Results of the initial drill program together with trenching and sampling
have defined a massive sulphide zone approximately 50 metres long, averaging
3 metres wide to a maximum depth of approximately 30 metres. The length
weighted average grade of the two diamond drill and three channel sample
intercepts through this zone to date is 1.61% nickel, 1.03% copper, 2.41 grams
platinum, 5.92 grams palladium, and 0.77 grams gold (or 9.09 grams total
precious metals) per tonne.
Drilling to date has been confined to a short 150 metre section of the
dyke in the vicinity of this zone to a maximum depth of approximately 100
metres. Assay results for holes completed to date are tabulated below.
<<
-------------------------------------------------------------------------
Channel From To Metres Pt Pd Au TPM %Ni %Cu Esti- Remarks
/ Hole (m) (m) (g/t) (g/t)(g/t) Pt+ mated
Pd+ True
Au Width
(g/t) (metres)
-------------------------------------------------------------------------
WTR-005 Northeast Max-min target. No significant assays
-------------------------------------------------------------------------
WTR-006 34.49 38.85 4.36 0.41 1.00 0.12 1.53 0.10 0.17 3.00 Down dip
West end
of zone
-------------------------------------------------------------------------
WTR-007 West of zone. No significant assays
-------------------------------------------------------------------------
WTR-008 Beneath Zone.
-------------------------------------------------------------------------
WTR-009 40.66 41.25 0.59 0.34 1.28 0.06 1.68 0.22 0.37 0.4 Above
plunge
to E
-------------------------------------------------------------------------
WTR-010 50.00 51.24 1.24 2.04 2.06 0.10 4.20 0.48 0.34 0.8 Above
plunge
to E
-------------------------------------------------------------------------
59.61 60.59 0.98 1.22 1.89 0.25 3.36 0.34 2.32 0.7 Above
plunge
to E
-------------------------------------------------------------------------
WTR-011 18.06 22.70 4.64 3.04 7.72 1.92 12.68 1.70 1.05 3.3 Prev-
includ- iously
ing reported
19.30 20.72 1.42 3.84 11.36 0.18 15.38 4.85 0.57 1.0
-------------------------------------------------------------------------
WTR-012 2.19 7.59 5.40 3.17 6.86 0.37 10.40 2.03 1.21 2.5 Prev-
iously
reported
-------------------------------------------------------------------------
WTR-013 No significant assays. May not have reached zone. Currently
being extended.
-------------------------------------------------------------------------
Assays for holes WTR-014, WTR-015 and WTR-016 are still pending. All
three holes intersected narrow quartz diorite within the offset structure, but
no significant sulphide zones were intersected in these three holes and no
significant assays are expected.
Drilling has resumed to test the dyke to depth and down plunge of the
known mineralization.
Outcrop exposure of the offset structure over most of its strike length
is very limited, due to overburden and the recessive weathering of the dyke
relative to the granitic host rocks.
The offset is only well exposed in the area of the original showing,
which was tested by the initial drilling. In this area the offset dyke is a
composite structure comprised of a mélange of quartz diorite dykes and lenses,
thermally metamorphosed Sudbury Breccia, and large blocks of the granite host
rock. Total width of the structure is up to 100m wide in this location.
Work to trace and explore the dyke back towards the Sudbury Igneous
Complex contact to the east, as well as to the west is currently underway
using a combination of geologic mapping, geophysics and diamond drilling.
Work on the Trill Property is funded 100% by Lonmin Plc through the
Wallbridge/Lonmin Sudbury Camp Joint Venture. Lonmin can earn a 65% interest
in any mineral resource by funding work through to production.
Assays reported in this press release were completed at ALS Chemex in
Vancouver, B.C. using a standard fire assay for Au, Pt, Pd and sodium peroxide
fusion/ICP finish for base metals.
The Qualified Person responsible for the technical content of this press
release is Alar Soever, P.Geo, President of Wallbridge Mining Company Limited.
About the Company
Wallbridge Mining Company Limited was established to explore for and
develop nickel, copper and platinum group element 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
properties elsewhere in northern Ontario, Nova Scotia and near Duluth,
Minnesota.
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. |
