Palladium Projects in Sudbury

cnw






Highlights:



Broken Hammer feasibility study and updated resource estimate to be
initiated.


Parkin drilling in progress, testing up-plunge of Milnet 1500 zone
discovery.


Approval of $1.5 million SCJV program announced, $1.25 funded by Lonmin
Plc.


Over 6,600 metres drilling across Sudbury projects for remainder of
2011.





TORONTO, Sept. 21, 2011 /CNW/ - Wallbridge Mining Company Limited (TSX:WM) (FWB: WC7) ("Wallbridge") today provided an overview of progress on its pipeline of copper,
nickel, platinum and palladium exploration and development interests in
Sudbury and announced that over 6,600 metres of drilling is budgeted
and in progress on its Sudbury area projects.




"We are excited by both the near term and blue-sky potential of our
pipeline of Sudbury projects" stated Alar Soever, CEO of Wallbridge,
"We look forward to advancing these projects with our recently
strengthened management team including Marz Kord who recently joined us
as President. Marz and I look forward to un-tapping the potential in
our Sudbury projects."




The 30,500 tonne bulk sample excavated from the Broken Hammer copper, platinum and palladium resource in early 2011 has now been
processed by Xstrata's Strathcona Mill and a feasibility study is being
commissioned. Final results from processing of the bulk sample are
expected to be available in a few weeks. The feasibility study,
including a new resource estimate using current short to medium term
metal prices, as well as permitting is expected to be completed in
2012.




On the Parkin Offset dyke properties being explored with partners Impala Platinum Holdings
Limited, a 2,700 metre drill program, including wedge-cuts, has been
initiated on the Milnet Mine property to test electromagnetic
conductors on the up-plunge projection of the Milnet 1500 zone - a high
grade nickel, copper, platinum and palladium sulfide zone discovered in
late 2009.




On the East Range of the Sudbury basin, approximately 2,000 metres of drilling are
budgeted for the remainder of 2011 to follow-up platinum, palladium and
gold mineralisation discovered previously by Wallbridge at Amy Lake on
its 60% owned Frost Lake, a joint venture with partner Xstrata Nickel.




Also on the East Range, 400 metres of drilling are budgeted on the 100%
owned Skynner Lake property being explored with partners Lonmin Plc.
This will test a conductive target within a Sudbury breccia structure
that has been mapped extending outwards from Quadra FNX's adjacent
Podolsky mine. The conductor was identified by the deep-penetrating
InfiniTEM electromagnetic survey conducted on the property by Abitibi
Geophysics this spring.




On the North Range, mapping and sampling this summer has identified copper, nickel,
platinum and palladium mineralisation within inclusion bearing quartz
diorite phases of the Hess Offset dyke and extended the structure over
an additional strike length of 9 km's in an area where no prior
exploration is recorded. Wallbridge now controls over 37 km's of this
mineralised structure across several 100% owned and joint venture
properties. Over 1,000 km's of airborne geophysics and 80 km's of deep
penetrating ground geophysics were completed on the mineralised Hess
Offset Dyke this summer. 1500 metres of drilling are budgeted to test
targets over the remainder of 2011.


The Qualified Person responsible for the technical content of this press
release is Alar Soever, CEO for Wallbridge Mining Company Limited.




About the Company


Wallbridge Mining Company Limited's primary focus is the exploration for
platinum group elements ("PGE"), nickel and copper deposits in the
Sudbury area of Ontario. Sudbury is Canada's premier mining camp with a
125 year history of production. It is a community that understands
mining and has excellent infrastructure. There are currently 14
producing mines, two mills, two smelters, water resources, power and
transportation networks, a well-trained mining workforce and an
internationally recognized concentration of mining service and supply
expertise. Most significantly, despite its long history of mining,
numerous major mineral discoveries continue to be made in the area.
Major joint venture partners in Sudbury include Xstrata Nickel, Lonmin
Plc and Impala Platinum Holdings Limited.


Wallbridge also holds founding equity stakes in two spin out companies:
10.1 million shares (8.1%) of Duluth Metals Limited (TSX:DM) which is
advancing its very large copper-nickel-platinum-palladium-gold deposit
in northern Minnesota through feasibility in joint venture with
Antofagasta plc, one of the world's major copper producers, and 28.4
million shares (43%) of Miocene Metals Limited (TSX.V:MII), which was
formed to finance the exploration of a portfolio of
copper-gold-molybdenum properties in southwestern BC. Wallbridge is
also continuously reviewing new project development opportunities in
the Sudbury area and elsewhere.




This document may contain forward-looking statements relating to
operations of Wallbridge or its subsidiaries or to the environment in
which they operate. Such statements are based on operations, estimates,
forecasts and projections. They are not guarantees of future
performance and involve risks and uncertainties that are difficult to
predict and may be beyond Wallbridge's control. A number of important
factors could cause actual outcomes and results to differ materially
from those expressed in forward-looking statements, including those set
forth in other public filings. In addition, such statements relate to
the date on which they are made. Consequently, undue reliance should
not be placed on such forward-looking statements. Wallbridge disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, save and except as may be required by applicable securities
laws.




For further information:

Please visit the Company's website at http://www.wallbridgemining.com/">www.wallbridgemining.com, or contact: Wallbridge Mining Company Limited Floyd Weiner, Investor Relations Tel: (416) 553-4001 Email: fweiner@wallbridgemining.com Ron Poirier, Investor Relations Tel: (705) 682-9297 ext 263 Email: rpoirier@wallbridgemining.com