The Broken Hammer Mine Closure Plan was prepared for Wallbridge Mining by AMEC Consultants. In Ontario, an accepted, certified Closure Plan is required before starting advanced exploration or mine production. The Closure Plan is an environmental review of the project by the regulatory authorities including public and First Nation groups and it describes measures to rehabilitate the site, and provides financial assurance for the rehabilitation. Pursuant to the Closure Plan, Wallbridge Mining has placed a bond for the rehabilitation of the Broken Hammer Mine with the Ministry of Northern Development & Mines. Other environmental permit applications have also been submitted and are being reviewed by the various governmental agencies and are expected in the second quarter of 2013.
The Qualified Person responsible for the technical content of this press release is Marz Kord, P. Eng., M. SC., MBA, President & CEO For Wallbridge Mining Company Limited.
About Wallbridge Mining
Wallbridge Mining Company Limited (WM:TSX) is an established junior company, formed in 1996, whose mission is to explore and develop platinum group elements (PGE's) in mining friendly jurisdictions of North America.Wallbridge is currently exploring and developing a large package of properties in Sudbury, Ontario: Canada's premier mining district. These include the permitting stage Broken Hammer mine development project and significant exploration joint ventures with partners Lonmin Plc, Impala Platinum Holdings Limited. In 2005, Wallbridge created Duluth Metals Limited (TSX:DM) to explore and develop projects in Minnesota, USA. Duluth Metals has since defined the world's largest undeveloped sulfide PGEs, copper and nickel deposit which it is developing through Twin Metals Limited, a joint venture with copper producer Antofagasta Plc. Wallbridge currently retains 10.1 million shares of Duluth Metals (8.1%). In 2011, Wallbridge created Miocene Metals Limited (TSXV:MII) to explore and develop porphyry copper-gold-molybdenum projects in British Columbia, Canada, within a previously under-recognized belt of Miocene-age intrusions. These projects are early stage with large mineralized structures and alteration zones that are ready for drilling with potential for large tonnage deposits. Wallbridge currently retains 28.4 million shares of Miocene Metals (40.8%). Wallbridge has a record of successfully generating high potential mineral projects and structuring partnerships and new companies to create value for its shareholders and its partners.