Wallbridge Mining Company Ltd. and major platinum producer Lonmin Plc have approved $1.25 million CDN to carry out the 2010 work program on Wallbridge and Lonmin's joint venture properties in Sudbury.
The funding provides for up to approximately 4,500 metres of diamond drilling and other exploration work for the period from Oct. 1, 2009-Sept. 30, 2010, and will focus mainly on platinum and palladium exploration as well as copper and nickel.
"We appreciate the support and confidence Lonmin has again showed in our exploration efforts in Sudbury," stated Alar Soever, president and CEO of Wallbridge, in a press release. "We look forward to a successful 2010 program."
Wallbridge has also announced that it has appointed Parviz Farsangi to its board of directors.
Farsangi was most recently executive vice-president and chief operating officer of Vale Inco, and left the company in June.
At the time, Vale Inco spokesperson Cory McPhee told Northern Life's sister company, Northern Ontario Business, he would not comment on the reasons why Farsangi left.
However, the company was going through a top-level restructuring process at the time.
The former CEO of the Royal Nickel Corporation, Roland Horst, was also appointed to Wallbridge's board of directors.
