Saturday, August 17, 2019

Wallbridge Mining Profile

Wallbridge is establishing a pipeline of projects that will support sustainable production and revenue as well as organic growth through exploration and scalability.

Wallbridge is currently developing its 100%-owned high-grade Fenelon Gold property in Quebec with ongoing exploration and a bulk sample. Wallbridge is also pursuing other additional advanced-stage projects which would add to the Company’s near-term project pipeline. These discussions benefit from the operating capabilities Wallbridge demonstrated by safely and efficiently mining the Broken Hammer deposit in Sudbury, which was completed in October 2015. As part of this strategy, the Company recently optioned the Beschefer Project, an advanced gold property with proven size and grade-potential near Fenelon Gold. Wallbridge is also continuing partner-funded exploration on its large portfolio of nickel, copper, and PGM projects in Sudbury, Ontario, with a focus on its high-grade Parkin project.

Wallbridge also has exposure to exploration for copper and gold in Jamaica and British Columbia through its 11.3% ownership of Carube Copper Corp. (CUC:TSX-V, formerly Miocene Resources Limited, a Wallbridge spin-out of its BC assets).

Wallbridge Mining
Stock SymbolTSX: WM, OTC: WLBMF
SEDAR ProfileSEDAR - Wallbridge Mining Company Limited
Investor DeckTargeting Free Cash Flow for Operations and Growth Through Exploration and Acquisition
Company ProjectsFenelon Project: Wallbridge's Fenelon Gold property is located in northwestern Quebec proximal to the Sunday Lake Deformation Zone (SDLZ) which hosts the Detour Gold Mine in Ontario, and Balmoral Resources' gold deposits at Martiniere. The 1,052 hectare Fenelon Gold property hosts the Discovery Zone gold deposit and surrounding four km strike length of a gold-hosting secondary splay of the SDLZ. . A total of over 50,000 metres of drilling have been completed and, very significantly, two bulk samples have been mined and processed from the deposit. In 2001, a 13,835 tonne bulk sample mined from a small open pit at the Discovery Zone returned a reconciled grade of 9.84 g/t gold. A second 8,169 tonne bulk sample, mined from underground in 2004 returned a reconciled grade of 10.7 g/t gold. Both bulk samples were processed at the Camflo mill in Malartic yielding 97% gold recoveries and similar recoveries were achieved in recent metallurgical test work initiated by Wallbridge .

Beschefer Project: The Beschefer Project covers 647 hectares and is located in the Northern Abitibi Greenstone Belt, 14 km east of the past-producing polymetallic Selbaie Mine, 45 km northeast of the Casa Berardi Mine and 28 km from Wallbridge's Fenelon Gold Property. Historically, the area has mainly been explored for volcanogenic massive sulfide deposits similar to the Matagami camp and the Selbaie Mine.
Gold mineralization was discovered in the B-14 Zone in 1995 by Billiton Canada Inc. and the property has seen very limited exploration before the involvement by Excellon in 2011, which completed approximately 17,000 metres up to 2013. Excellon's programs produced very positive results, extending the B-14 mineralization down to almost 600 m vertical depth, discovering the upper shear zone and intersecting the highest-grade intersections on the property, including 55.63 g/t Au over 5.57 metres and 13.07 g/t gold over 8.75 metres. Excellon's primary focus is on production and exploration at its Platosa Mine and Miguel Auza Property in Mexico. There has been no exploration at Beschefer since 2013.

Broken Hammer Project: The Broken Hammer project was discovered by Wallbridge’s exploration team, with the first identification of mineralization in 2003.
Based on the positive results of a 30,000 tonne bulk sample in 2011, Wallbridge initiated a prefeasibility study and permitting process in preparation for the operation of Broken Hammer deposit as a small open pit operation.
Wallbridge received all required permits for the operation of its Broken Hammer open pit project in 2014. Additionally, in March 2014, Wallbridge entered into a custom milling agreement with Northern Sun Mining Corp. (“Northern Sun”) (TSXV:NSM) for the handling and milling of Wallbridge’s Broken Hammer ore at Northern Sun’s Redstone mill in Timmins, Ontario. The decision to process the Broken Hammer ore in Timmins was based on the fact that the improved PGM recoveries at the Redstone Mill offset the cost of transportation of the ore for the 350 kilometers distance from the mine. Stripping operations at the Broken Hammer open pit commenced in June 2014, ore production commenced in July 2014, and construction of the site infrastructure such as roads and water treatment pond was completed in August 2014. The Broken Hammer open pit project achieved full production in August 2014.

Parkin Offset Properties: Wallbridge is exploring the Parkin Properties for high-grade polymetallic nickel, copper and PGMs within the Parkin Offset Dyke in Sudbury, Ontario. The property includes the past-producing Milnet Mine, the high grade Milnet 1500 Zone, an historical resource at surface, and a number of high grade surface occurrences.

On August 30, 2016, Wallbridge announced that the Lonmin Joint Venture Exploration Committee had approved $3.358 million 2017 exploration program at Parkin to begin October 1, 2016. The program includes approximately 18,000 metres of drilling, ground and borehole geophysics, as well as studies and permitting to evaluate and be prepared for a potential bulk sample.

Wisner Properties JV: Wallbridge's Wisner properties in Sudbury are being explored for copper and PGEs as part of the North Range joint venture currently funded by Lonmin Plc.
The Wisner properties include several high grade Cu-PGE occurrences and over a dozen identified exploration targets within a 10 km long prospective belt of geology surrounding Wallbridge's Broken Hammer Cu-PGE open pit mining project and adjacent to several Ni-Cu-PGE deposits owned by Vale and Glencore.
The Southwest Zone, South Zone, and Rusty Blade target areas comprise a 2.5 kilometre long trend of discontinuous high-grade Cu-PGE occurrences.

Grab samples from the Southwest zone contain up to 10.55 % Cu and 9.87 g/t Pt+Pd+Au and drilling has traced mineralization to 120 metres depth. Previous drilling highlights include 0.5 m of 26.69 g/t Pt+Pd+Au, 2.35 wt.% Cu and 1.25 wt.% Ni from 65.5 to 66.0 m in WIS-078; 13.7 m of 0.99 g/t Pt+Pd+Au, 0.11 wt.% Cu and 0.04 wt.% Ni from 109.8 to 123.5 m in WIS-078, and 1.9 m of 2.23 g/t TPM, 7.87 wt.% Cu and 0.12 wt. % Ni from 27.1 to 29.0 m in WIS-088.

Sudbury Camp JV: Wallbridge has nine projects in Sudbury being explored for copper and PGEs in the Sudbury Camp Joint Venture (SCJV) currently funded by Lonmin Plc.
The SCJV properties include a number of Cu-Ni-PGE occurrences discovered by Wallbridge as well as prospective geology and geophysical anomalies adjacent to active mining areas in Sudbury.

North Range JV: Wallbridge has fifteen projects in Sudbury being explored for copper, nickel and PGEs as part of the North Range Joint Venture (NRJV) currently funded by Lonmin Plc.
The NRJV properties include a strike length of over 56 kilometres of offset dykes, mostly discovered by Wallbridge since 2007. Disseminated nickel, copper and PGE sulfide mineralization exposed at surface within inclusion bearing phases of the quartz diorite offset dykes has been discovered in areas with little previous drilling.
The North Range Properties offer large-scale discovery upside in Canada's most established mining district.

East Range Properties: Wallbridge is exploring its East Range properties in Sudbury for copper, nickel and PGEs in the footwall to Vale's Victor-Capre projects, Glencore's Nickel Rim South mine, and KGHM International's Podolsky mine.
The East Range properties include the 62% Wallbridge owned Frost Lake joint venture with Glencore, the 50% Wallbridge owned Capreol JV with Vale and Glencore, and the 100% Wallbridge owned Drill Lake and Victor East properties.
Copper and platinum group metal mineralization occurs at Frost Lake within the roughly 100 metre wide by 600 metre long Amy Lake PGE Zone, where WC-013 intersected 48.40 metres averaging 0.86 g/t platinum plus palladium plus gold and WC-038 intersected 75.48 metres averaging 0.51 g/t platinum plus palladium plus gold, both including higher grade sub-intervals. The Amy Lake PGE zone is hosted within the same Sudbury breccia structure as Vale's adjacent Capre deposit, about 600 metres to the south; this Sudbury breccia structure extends for about two kilometres on the Frost Lake property. Nickel and copper mineralization also occurs within an ultramafic intrusion on the Frost Lake property, including 16.0 metres that averaged 0.48 % Ni and 0.27 % Cu with higher grade sub-intervals.

Wallbridge Mining Research Center