The Wallbridge Mining Company is breaking unusually new ground in the Sudbury Basin. The Sudbury-based junior mining company started another round of drilling on their Parkin Properties, on the northeast edge of the basin, in October.
The site is practically virgin territory compared to nearby areas, according to Joshua Bailey, vice-president of exploration at the Wallbridge Mining Company.
“It hasn’t had as much exploration as elsewhere,” said Bailey, adding that “if this project has a fraction of what is elsewhere in the basin, it would be a success.” This isn’t the first drilling in the area for Wallbridge.
They completed promising drilling between 2008 and 2012 as part of a joint venture with Impala Platinum Holdings Limited (Implats), after which they re-purchased Implat’s nearly 50 per cent interest in the properties. In 2015, Wallbridge had four successful drill holes that led to a joint venture agreement with global platinum producer, Lonmin Plc.
Their deal involves Lonmin Plc earning up to 50 per cent interest in the Parkin Properties by spending $11 million over four years. In 2016, Wallbridge has completed 11,030 metres of drilling that revealed promising results, tripling the extent of known near-surface mineralization.
For the rest of this article, click here: https://www.northernontariobusiness.com/industry-news/mining/wallbridge-mining-ventures-into-the-unexplored-469514