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Wallbridge Mining (WLBMF)

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Wallbridge Mining Company (TSX:WM) is an established Canadian-based company whose mission is to explore for and develop nickel, copper and platinum group element ("PGE") deposits. Its primary focus is on its large portfolio of properties in the under-explored footwall rocks of the prolific Sudbury Mining Camp, Ontario. Wallbridge's Sudbury area properties include joint ventures with Lonmin Plc, Impala Platinum Holdings and Xstrata Nickel as well as with a number of junior mineral exploration companies. In June 2007, global platinum producer Lonmin Plc acquired 10,800,000 common shares of Wallbridge representing approximately 14% of the then issued and outstanding shares.

Wallbridge recently spun out a new company, Miocene Metals Limited, which was created to acquire all of Wallbridge's BC porphyry copper-gold-molybdenum (Cu-Au-Mo) properties in a transaction modelled after the successful spin-out of its Minnesota copper-nickel-PGE properties into Duluth Metals Limited (TSX:DM). The BC property portfolio includes Wallbridge's Rogers Creek Cu-Au-Mo property plus six other recently acquired properties in Southwestern BC over a newly recognized belt of Miocene-age intrusive rocks which are highly prospective for Cu-Au-Mo mineralization, The properties range from grassroots stage, with known mineral showings, to properties that are almost drill-ready and have returned economic chip and grab sample values and drill intersections over widths of 10's of metres.

Wallbridge Mining is focused on the exploration and development of nickel-copper-platinum group element ("PGE") mineralization within the Sudbury area, one of the world's most productive mining camps. Historic production from Sudbury is in excess of 20 billion pounds of copper, 20 billion pounds of nickel and an estimated 20 to 30 million ounces of platinum group metals. The area continues to show excellent potential for future deposits as new discoveries are constantly being made in previously unexplored areas of the camp. Wallbridge holds the third largest land position in the Sudbury mining camp with properties at various stages ranging from grass roots to advanced exploration and scoping stage.

Wallbridge has 41 properties covering more than 660 km2 in the favourable Sudbury Basin footwall rocks. These properties host favourable geology, yet have never been extensively explored. Footwall rocks of the Sudbury Igneous Complex are important as they contain the majority of copper-gold-PGE deposits found in this mining camp.

Wallbridge's Sudbury Camp Joint Venture "SCJV" with Lonmin Plc continues with an aggressive exploration program. Seven properties covering approximately 220 square kilometres around the Sudbury Basin were explored in 2009 under Wallbridge's Sudbury Camp Joint Venture ("SCJV") with Lonmin Plc. Under the terms of the joint venture, Lonmin can earn a 50% interest in any property at the point at which an Indicated Resource is established on that property with the option to earn an additional 15% interest by funding work through completion of a feasibility study and securing the Wallbridge portion of financing through to commercial production.

Wallbridge continues with it's joint venture agreement with Impala Platinum Holdings, the world's second largest primary platinum producer, on its Parkin Offset Dyke properties.The Impala Parkin Joint Venture properties include 2,150 hectares of strike length along the Parkin Offset Dyke. The dyke hosts the Parkin Resource (43-101 Indicated Resources of 290,928 tons @ 0.70% Cu, 0.65% Ni, 0.03% Co, 0.62 g/t Pt, 0.80 g/t Pd, 0.23 g/t Au and 6.3 g/t Ag; (A. Soever of Watts, Griffis and McOuat, 2002), the Milnet Mine, an historic producer of a reported 157,130 tons @ 1.54% Ni, 1.49% Cu, 2.25 g/t Pt,2.98 g/t Pd and 0.33 g/t Au) and the high-grade Brady showing,which channel sampled 1.2% Cu, 0.6% Ni, 9.2 g/t Pt, 4.3 g/t Pd and 1.5 g/t Au over 2.7 metres. The Parkin Impala Joint Venture was signed in 2008 with Impala Platinum Holdings, the world's second largest primary platinum producer. The Parkin Offset Dyke Joint Venture properties include Wallbridge's 100% owned Milnet Mine property, Wallbridge's Parkin Xstrata property, which is 98.5% owned by Wallbridge,and the Champion Bear Parkin Joint Venture property. Under terms of the joint venture, Impala will spend $5 million over three years to earn a 50% interest in the properties with Impala having the option to increase its interest to 65% by funding a Feasibility Study and securing Wallbridge's portion of the development funding through to commercial production on a project loan basis.

 

 

Share Structure (as of Sat Mar 31, 2012)
Toronto Stock Exchange ( TSX ) Symbol: WM
Frankfurt Stock Exchange (FWB) Symbol: WC7
Shares Issued and Outstanding: 153,937,549
Options: 15,374,980
Warrants: 9,516,726
Finders compensation options 352,533
Finders compensation option warrants (exercisable upon exercise of compensation options) 176,266
Fully Diluted, March 31, 2012 179,358,055
Closing price of WM, March 30, 2012 $0.195

 


RECENT NEWS:
 

June 19, 2012 Wallbridge Mining Announces Updated Mineral Resource for Broken Hammer
June 14, 2012 Wallbridge Mining Announces Final Broken Hammer Bulk Sample Results
June 14, 2012 Wallbridge Announces Agreement with Miocene Metals on Funding for Miocene's Summer Program
May 29, 2012 Wallbridge Mining Announces Drilling Underway on Impala Platinum Parkin Offset Joint Venture, Sudbury
April 26, 2012 Wallbridge Mining Reports on AGM and Organizational Changes
April 05, 2012 Wallbridge Mining Announces Impala Platinum Vesting Decision on the Parkin Offset Joint Venture
April 03, 2012 Wallbridge Mining to Establish New Joint Venture with Platinum Producer Lonmin Plc
April 02, 2012 Wallbridge Mining Announces Closing of Private Placement
March 29, 2012 Wallbridge Mining Receives partial payment for Broken Hammer Bulk Sample
March 07, 2012 Wallbridge Mining Initiates Geophysics on its Booth River Nickel, Copper and PGE Project, Nunavut
March 02, 2012 Wallbridge Mining Provides Update on Winter Exploration Activities
January 17, 2012 Lonmin Plc Makes Private Placement in Wallbridge Mining
January 05, 2012 Wallbridge Mining Highlights Plans for 2012
November 30, 2011 Wallbridge Mining Expands Broken Hammer Zone
November 22, 2011 Wallbridge Mining Announces the Results of the Broken Hammer Bulk Sample
November 16, 2011 Wallbridge Mining Acquires Booth River Nickel-Copper-PGE Property in Nunavut
October 18, 2011 Wallbridge Mining Commissions the Broken Hammer Feasibility Study
October 14, 2011 Wallbridge Mining Intersects 4.11% Nickel and 4.32 grams TPMs in Milnet 1500 Zone in Sudbury
September 21, 2011 Wallbridge Advances Pipeline of Copper, Nickel, Platinum and Palladium Projects in Sudbury
August 29, 2011 Wallbridge Mining Builds Management Team for Future Growth
August 26, 2011 Wallbridge Mining Announces Miocene Exercise of Buy Back Option
August 08, 2011 Wallbridge Mining's Spin-Out Miocene Metals Completes Initial Public Offering
August 04, 2011 Wallbridge Mining to be featured on CEO Clips on The Documentary Channel
July 21, 2011 Wallbridge Mining Sells 950,000 shares of Duluth Metals to Raise $2.53 million
July 21, 2011 Wallbridge Mining Announces $1.6M, 5,000m Drill Program with Implala Platinum on Parkin Offset Joint Venture Properties

 

June 02, 2011
Wallbridge Mining Announces Closing of Private Placement  http://www.wallbridgemining.com/s/NewsReleases.asp?ReportID=460403&_Type=News-Releases&_Title=Wallbridge-Mining-Announces-Closing-of-Private-Placement

June 28, 2011 Wallbridge Mining Completes Delivery of Broken Hammer Bulk Sample to Strathcona Mill http://www.wallbridgemining.com/s/NewsReleases.asp?ReportID=464490&_Type=News-Releases&_Title=Wallbridge-Mining-Completes-Delivery-of-Broken-Hammer-Bulk-Sample-to-Strath...

June 20, 2011  Miocene Metals Announces Start of 2011 Exploration Program
  http://www.wallbridgemining.com/s/NewsReleases.asp?ReportID=463265&_Type=News-Releases&_Title=Miocene-Metals-Announces-Start-of-2011-Exploration-Program

June 10, 2011  Wallbridge Mining Announces Closing of Private Placement
  http://www.wallbridgemining.com/s/NewsReleases.asp?ReportID=461947&_Type=News-Releases&_Title=Wallbridge-Mining-Announces-Closing-of-Private-Placement

 

Links to the Company Web-Site



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Share Structure as of March 31, 2011


 

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PlusOneCoin Top Posts
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PostSubject
#44   Looks to me that this stock could be ciscout 10/22/18 01:31:16 AM
#43   Sprott just purchased more. Now controls nearly Uzzyham 10/01/18 01:45:41 PM
#42   Eric Sprott purchased 30 million shares of "Wallbridge ciscout 09/21/18 12:28:31 AM
#41   You should know I do not intend to Uzzyham 09/11/18 02:04:20 PM
#40   Reported drilling is hitting narrow but extremely high Uzzyham 09/10/18 12:46:56 PM
#39   Volume a approaching a million shares. Uzzyham 09/10/18 12:45:33 PM
#38   The stocks hit a new high today. Uzzyham 09/10/18 12:44:50 PM
#37   Reviving the dead here, apparently. Bought a Uzzyham 09/10/18 12:41:17 PM
#35   APPROVED a share consolidation of Wallbridge's common shares wshaw14 05/21/13 12:33:24 AM
#34   Toronto, Ontario -- May 13, 2013 - Wallbridge wshaw14 05/21/13 12:25:36 AM
#33   May 07, 2013 Wallbridge Mining Updates Broken Hammer Progresshttp://www.wallbridgemining.com/s/NewsR wshaw14 05/21/13 12:21:35 AM
#32   March 26, 2013 Wallbridge Mining Receives Notice of wshaw14 04/24/13 02:31:24 AM
#31   Wallbridge Mining Highlights Plans for 2013 wshaw14 02/21/13 06:11:25 AM
#30   January 18, 2013 wshaw14 01/30/13 05:28:20 PM
#29   December 13, 2012 wshaw14 01/12/13 01:15:48 PM
#28   There seems to be no interest here, but wshaw14 12/03/12 01:20:55 AM
#27   October 30,2012 Wallbridge Extends Wisner Cu-PGE Zone near wshaw14 11/13/12 04:33:27 AM
#26   The lack of interest here is amazing to me. wshaw14 10/28/12 11:12:39 PM
#25   http://www.wallbridgemining.com/s/NewsReleases.asp?ReportID=545447&_Type=News-Re wshaw14 10/12/12 12:09:42 PM
#24   Wow, this one is dead right now. So wshaw14 09/05/12 03:14:35 AM
#23   I am the only one posting. Just reporting in. wshaw14 07/27/12 10:43:03 AM
#22   I-Box is updated. wshaw14 07/01/12 11:28:34 PM
#21   Just checking in to see if anybody is wshaw14 06/09/12 07:47:14 PM
#20   March 07, 2012 Wallbridge Mining Initiates Geophysics on wshaw14 03/23/12 06:40:10 PM
#19   March 02, 2012 Wallbridge Mining Provides Update on wshaw14 03/23/12 06:37:31 PM
#18   Wow, I am growing weary. wshaw14 03/18/12 06:57:31 PM
#17   Ouch. No posts or interest for a very wshaw14 03/17/12 07:22:33 AM
#16   Let me see?? the world's third largest wshaw14 02/20/12 02:22:36 AM
#15   No post here since November. I guess that wshaw14 01/10/12 06:32:45 AM
#14   Wallbridge Mining Announces the Results of the Broken wshaw14 11/28/11 09:41:16 PM
#13   November 16, 2011 wshaw14 11/28/11 09:38:32 PM
#12   October 18, 2011 wshaw14 11/07/11 04:53:26 PM
#11   September 21, 2011 wshaw14 10/13/11 06:55:26 AM
#10   Nothing much to say at this point. Wallbridge, wshaw14 09/02/11 06:36:47 AM
#9   June 28, 2011 Wallbridge Mining Completes Delivery of wshaw14 07/03/11 12:56:33 AM
#8   June 02, 2011 Wallbridge Mining Announces Closing of wshaw14 06/05/11 02:02:06 AM
#7   May 19, 2011 Wallbridge Mining Reports Significant Increase wshaw14 05/22/11 05:52:30 AM
#6   Still no interest here ion the US exchange. wshaw14 04/10/11 09:28:55 AM
#5   March 24, 2011 wshaw14 03/26/11 04:25:20 AM
#4   The more I read on this company the wshaw14 03/06/11 08:15:19 AM
#3   This one is a sleeper. Hold for it wshaw14 02/18/11 05:27:07 AM
#2   The more DD I do, the better Calvin Hobbes 02/18/11 04:27:38 AM
#1   I accidentally bought this company when trying to Calvin Hobbes 02/18/11 04:26:14 AM
PostSubject