Junior Miner says it found 'massive' mineralization

Junior miner Wallbridge Mining Company Limited announced it has discovered a “massive” nickel, copper and platinum group element mineralization on its Parkin properties in Sudbury.

“The Parkin properties have high quality near-surface exploration targets and also have significant potential at depth evident from the presence of a surface resource and a past producing mine as well as significant mineralization intersections at depth in the Milnet 1500 Zone” said Wallbridge president and CEO Marz Kord, in a press release. “We are working to attract new partner financing to advance the Parkin properties and in the meantime we add value by further exploration on the properties.”

The Parkin properties cover a 9.4-kilometre strike length of the Parkin Offset dyke that hosts nickel, copper, and platinum group element mineralization.

As of March 31, 2015, Wallbridge had mined around 190,000 tonnes of ore at its Broken Hammer open pit mine in Sudbury.

The post-processed concentrates included 7,076 tonnes at average grade of 24.5 per cent copper, 34 grams per tonne palladium, 18 grams per tonne platinum and eight grams per tonne gold. A high-grade gravity concentrate of 107 tonnes contained an average grade of 100 grams per tonne palladium, 1,320 grams per tonne platinum and 230 grams per tonne gold.

** Correction: A previous version of this article incorrectly referred to the mineral concentrates in the final paragraph as mined ores, when they were in fact post-processed concentrates delivered to smelters for payment.