Wallbridge Mining / WM (TSX)

  • Fenelon In-Fill Sampling Program Continues to Yield Strong Gold Mineralization
    https://ceo.ca/@globenewswire/…rogram-continues-to-yield
    Assay Highlights Include:


    • 72.00 g/t Au over 1.50 metres
    • 5.95 g/t Au over 4.50 metres
    • 15.12 g/t Au over 1.00 metre

    TORONTO, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to report that new assay results from the in-fill sampling program at its 100%-owned Fenelon Gold Project (“Fenelon” or the “Project”)
    have yielded additional gold mineralization from previously unsampled
    sections of drill core within and adjacent to the Project’s existing
    Mineral Resource Estimate (“MRE”). The results from this program will be incorporated into the MRE update and Preliminary Economic Assessment (“PEA”) currently underway at Fenelon.
    [Blockierte Grafik: https://ml.globenewswire.com/Resource/Download/b5c653d9-6be5-4b68-9b04-8aabff44e5f1]

    "You`ll own nothing - And you`ll be happy" [wef.ch]

  • Wallbridge Extends Tabasco-style Gold Mineralization at Fenelon
    https://ceo.ca/@globenewswire/…style-gold-mineralization
    Assay Highlights Include:


    • 7.80 g/t Au over 16.00 metres
    • 2.66 g/t Au over 39.50 metres
    • 3.80 g/t Au over 11.20 metres
    • 2.38 g/t Au over 16.05 metres

    [Blockierte Grafik: https://ml.globenewswire.com/Resource/Download/b3e1500e-4f3e-41ca-8d52-cbc5a931ad17?size=3]

    "You`ll own nothing - And you`ll be happy" [wef.ch]

  • Wallbridge Announces Successful Completion of Sale of Nickel Assets to Archer Exploration https://wallbridgemining.com/n…ts-to-archer-exploration/

    Toronto, Ontario – November 18, 2022 – Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) today announced that it has completed the previously-announced sale of all of the property, assets, rights, and obligations related to Wallbridge’s portfolio of nickel assets (the “Transaction”) to Archer Exploration Corp. (CSE: RCHR) (“Archer”).
    Under terms of the Transaction, Wallbridge has received 66,211,929 common shares of Archer (the “Archer Shares”) with an aggregate deemed value of approximately $53.6 million (valued using the July 12, 2022, closing price of the Archer Shares). Additional consideration includes retention of a 2% net smelter royalty on production from the Grasset project. Wallbridge has nominated two representatives to the Archer board of directors - Marz Kord, President & CEO and Brian Penny, CFO of Wallbridge – both of whom were elected at Archer’s shareholder meeting held on October 12, 2022 subject to today’s closing of the Transaction.


    Wallbridge will distribute 48,168,171 of the Archer Shares to the Company’s shareholders of record as of November 16, 2022 on a pro rata basis and will retain 18,043,758 Archer Shares representing approximately 19.9% of the outstanding common shares of Archer. The Archer Shares will have a hold period of four months and one day from November 18, 2022, the closing date of the Transaction.

    "You`ll own nothing - And you`ll be happy" [wef.ch]

  • Wallbridge Continues to Add Near Surface Gold Mineralization at Fenelon and Expands New Southeast Zones
    https://ceo.ca/@globenewswire/…rface-gold-mineralization
    Highlight Assay Results


    Tabasco-Cayenne Corridor (above 200 m vertical depth)


    FA-22-4772.66 g/t Au over 46.70 metres, including
    6.62 g/t Au over 15.00 metres, which includes
    88.69 g/t Au over 1.05 metres;
    FAM-22-0024.19 g/t Au over 24.00 metres, including
    14.16 g/t Au over 5.50 metres, and
    0.78 g/t Au over 63.50 metres;
    19-0915-0048.91 g/t Au over 9.65 metres, including
    69.24 g/t Au over 1.15 metres as part of the 2022 in-fill sampling program;
    FA-22-47119.02 g/t Au over 1.30 metres;
    FA-22-46937.30 g/t Au over 0.65 metre;
    Area 51, Near Surface (above 200 m vertical depth)
    FA-22-5002.50 g/t Au over 8.30 metres, including
    6.13 g/t Au over 3.00 metres;
    Area 51 (below 200 m vertical depth)
    FA-21-2339.02 g/t Au over 9.60 metres, including
    154.00 g/t Au over 0.50 metre, and
    12.20 g/t Au over 0.65metre;
    FA-22-43425.66 g/t Au over 1.50 metres;
    Tabasco-Cayenne Corridor (below 200 m vertical depth)
    FA-22-4979.30 g/t Au over 2.80 metres, including
    26.10 g/t Au over 0.80 metre;


    [Blockierte Grafik: https://ml.globenewswire.com/Resource/Download/f0a6cf5e-465d-429a-9ba2-abeb1d706b3a]

    "You`ll own nothing - And you`ll be happy" [wef.ch]

  • Wallbridge Receives $15.9 Million of Quebec Refundable Investment Tax Credits


    https://www.goldseiten.de/arti…vestment-Tax-Credits.html


    TORONTO, Dec. 21, 2022 - Wallbridge Mining Company Ltd. (TSX:WM, OTCQX:WLBMF) ("Wallbridge" or the "Company") is pleased to report that it received $15.9 million of cash refunds with respect to its 2021 Quebec Tax Credit Relating to Resources (TCRR) and Quebec Refundable Duties Credit for Losses (RDCL) that were claimed on its 2021 Quebec income and mining tax returns.


    The amount received for the TCRR and the RDCL represents an interim advance on the $20.0 million of Quebec investment tax credits claimed and Wallbridge expects the balance, subject to audit adjustments, to be received in the first quarter of 2023 once the audit has been completed.

    "You`ll own nothing - And you`ll be happy" [wef.ch]

  • Wallbridge Mining: Mineral Resource Estimate Delivers Significant Increase in Grade at Detour-Fenelon Gold Trend Property



    • Gold grade of Indicated and Inferred resources at Fenelon improves by 85% and 84%, respectively
    • Substantial new resources added at Martiniere

    https://www.juniorminingnetwor…-gold-trend-property.html

    [Blockierte Grafik: https://www.juniorminingnetwork.com/images/cache/043085068764817cf7e4293c9c330d34-900px.webp]
    Wallbridge Announces 2023 Budget and Exploration Program for Detour-Fenelon Gold Trend Land Package
    https://ceo.ca/@GlobeNewswire/…t-and-exploration-program
    [Blockierte Grafik: https://ml.globenewswire.com/Resource/Download/4d9f268e-c4b3-48ab-a137-35c8c4b82db1]

    "You`ll own nothing - And you`ll be happy" [wef.ch]

  • Wallbridge Continues to Expand Fenelon Gold System in Multiple Directions
    https://wallbridgemining.com/n…m-in-multiple-directions/
    Toronto, Ontario – March 6, 2023 – Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to report that new assay results from the 2022 exploration program at the Company’s 100%-owned Fenelon Gold project (“Fenelon”) have expanded the Area 51, Tabasco and Contact zones beyond the western and eastern limits of the 2023 Mineral Resource Estimate (“MRE”) footprint. These results underscore the potential to further increase the size of the deposit, which remains open in multiple directions.
    [Blockierte Grafik: https://ml.globenewswire.com/Resource/Download/a975c982-7230-4aa4-b2ee-f4e60083c198?size=3]

    "You`ll own nothing - And you`ll be happy" [wef.ch]

  • Wallbridge Mining Delivers Positive Preliminary Economic Assessment for the Fenelon Gold Project in Quebec
    https://wallbridgemining.com/s…wm-fenelon_pea-260623.pdf


    Wallbridge Mining Delivers Positive Preliminary Economic Assessment for the Fenelon Gold Project in Quebec
    Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to report positive results from thePreliminary Economic Assessment (“PEA”) completed on its still growing, 100%-owned Fenelon gold project (“Fenelon” or the “Project”) located in the Abitibi Greenstone Belt, along the Detour-Fenelon Gold Trend, Quebec (Table 1). Tony Makuch, Chairman of Wallbridge, stated:“Projects such as Fenelon, with a projected annual production profile of more than 200,000 gold ounces, located in a mining-friendly jurisdiction with established infrastructure, having substantial exploration upside and access to clean hydro-electric energy are highly desirable yet exceedingly rare in the mining industry today. We are extremely pleased that the PEA on Fenelon alone is demonstrating robust economics at this early stage. We expect further improvements as we continue to add to the resource base through our exploration efforts at Fenelon and elsewhere on our very large land position in the northern Abitibi greenstone belt.”All results herein are reported in Canadian dollars unless otherwise indicated.PEA SUMMARY•Average annual gold production of 212,000 oz over 12.3 years.•Average annual free cash flow of $157 million over life of mine (“LOM”). •After-tax NPV of $721 million at base case gold price of US$1,750 and $C/US$ of 1.30•After-tax NPV of $1,070 million at spot gold price of US$1,950 and $C/US$ of 1.34•Initial capital expenditures of $645 million. •Sustaining capital expenditures of $594 million. •Total cash costs of US$749/oz. •All-in-sustaining costs of US$924/oz.Marz Kord, Wallbridge’s President and Chief Executive Officer, commente

    "You`ll own nothing - And you`ll be happy" [wef.ch]

  • Auf einen Blick:


    PEA SUMMARY


    • Average annual gold production of 212,000 oz over 12.3 years.
    • Average annual free cash flow of $157 million over life of mine (“LOM”).
    • After-tax NPV of $721 million at base case gold price of US$1,750 and $C/US$ of 1.30
    • After-tax NPV of $1,070 million at spot gold price of US$1,950 and $C/US$ of 1.34
    • Initial capital expenditures of $645 million.
    • Sustaining capital expenditures of $594 million.
    • Total cash costs of US$749/oz.
    • All-in-sustaining costs of US$924/oz.

    Euer Mond ist meine Sonne.

  • Vergleicht doch mal die beiden PEAs.


    Produktion jährlich einst (Juni 2023) 212.000, jetzt (März 2025) 107.000 Unzen - rund die Hälfte

    Initial capital einst $645 million, jetzt 579 million, etwa 10 % weniger

    ASCII einst 924, jetzt 1046 USD.


    Also für 90 % Investition bekommt man 50 % Produktion bei leicht höheren ASCII. Warum macht man eine neue PEA, wenn die alte so viel günstiger war? Da stimmt doch was nicht.


    Mich wundert nicht, dass sich keine Finanzierung findet. Ein kurzfristiger Zock kann natürlich trotzdem gelingen. Oder auch nicht.


    Gruß! Fritz

    Pressefreiheit ist die Freiheit von zweihundert reichen Leuten, ihre Meinung zu verbreiten.“ — Paul Sethe. Leserbrief SPIEGEL, 5. Mai 1965.

  • Was mich an den Kanadischen Gesellschaften stört, ist die ständige Vermischung der Angaben in CAD$ und US$. Und das ohne klare Kennzeichnung. Da steht meist nur „$“, da muss man erstmal im Kleingedruckten nachschauen, ob US, CAN oder Simbabwe Dollar gemeint sind😵‍💫

    Die 579 Mio „initial capital“ sind in der PEA Übersicht in CAN$ gerechnet, entsprechen also 415 Mio US$.

    Die 1049 $ ASIC werden wiederum in US$ angegeben.

    Der NPV bei 3000 US$ Goldpreis liegt umgerechnet bei 1Milliarde US$ - und steigt je 100 US$ Goldpreisanstieg um weitere 60 Mio US$.

    Insofern ist die Marktkapitalisierung (fully diluted) von aktuell ca. 100 Mio US$ nicht gerade üppig.

    Das Martiniere-Projekt und die riesige unexplorierte Liegenschaft direkt neben Agnico Eagle sind da da noch gar nicht mitgerechnet…

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