Wallbridge adds to Sudbury stable (December 04, 2001)

Wallbridge Mining (WM-T) plans on spending $2.3 million on exploration this winter after acquiring an exploratory license of occupation (ELO) for 8.4 sq. km of land covered by Windy Lake. The property comprises 4.8 km of the contact of the Sudbury Igneous Complex (SIC).

Wallbridge’s ELO at Windy Lake last for five years and is renewable for another five-year term. Wallbridge has the option to lease the property should it find a mineral deposit of economic importance.

Situated in the North Range of the SIC, Windy Lake is about 3 km southwest of the historic Levack area mines, which consist of a series of deposits, which have yielded some 233 million tons of nickel-copper-platinum-group-metal ore over the past hundred years.

Last winter, audio magneto-telluric (AMT) surveying by Wallbridge over part of Windy Lake located two conductive zones, and delineated a contrast in resistivity. Wallbridge believes the results, combined with geological data, define the outline of the SIC contact and an embayment structure within it.

Wallbridge will begin a program of diamond drilling and geophysical surveying in early January. The results of exploration conducted during the summer and fall are expected around the same time.

Wallbridge holds a large land position in the Sudbury Basin area, where it is exploring for polymetallic deposits in offset dykes and faults.