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drbubb

Wallbridge (WM.t) and its Fenelon Mine

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WM ... update :

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Wallbridge hit 35 cents, & now has retraced 2 of the 3 gaps Up

WM.t ... 10d : Last: 22 cents, on Friday with 4.03Million shares

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The Gap Down, on very high volume was 25>23 cents

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WM.t ... 10d : Last: 27.5 cents, on Monday with 10.1 Million shares

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WM-LT :

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RE: Sprott picks up MORE shares !

From this mornings release.. The shares were purchased at $0.165 per share for total consideration of $3,967,077.68.

Lonmin ends Canada prospects as it cleans house before Sibanye takeover

By selling its 6.8% stake in Wallbridge, Lonmin is ensuring a stronger balance sheet and a tidier company for the new owners

Re: Private placement ...

That must have been the private agreement. So they have sold their stake in Wallbridge but it needs clarifying about the JV's. Thats 22 properties https://www.lonmin.com/our-business/exploration/international

Read more at http://www.stockhouse.com/companies/bullboard#AWbvgsRxpBhpSakF.99

Gap to fill??

Want to get some in the .25 area....

Bulk sample..

"The bulk sample is expected to produce 19,000 to 26,000 ounces of gold... The expected cash flow upon completion of this bulk sample... is expected to be sufficient to cover the budgeted working capital requirements."
So.. did they really need Sprott's $4 million? Was it more about his connections?

RE:Its The Real Thing

Holdrrrr wrote:
WONDER1STOCK wrote: Looked at the  results today and its the real thing. Got in at .275 will try get more in am. Looks to me this will hit .60 and onward shortly. Please do your own DD.
How soon before you think we see news or a jump? I dont know much about this one, just picked up a few hundred bucks worth today. Ty
Should be news on 1st batch of ore processed any day now and 31 assays are on the way. New 10,000 meter program underway.. 

Read more at http://www.stockhouse.com/companies/bullboard#9JMwMEIAbG2QpDJ7.99

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Stockhouse Comment

"High quality deposits will be taken out"

Here's the motive for Sprott's WM buy imo.  Youtube link:

https://www.youtube.com/watch?v=TPgwpxyurl8&feature=youtu.be
 

With regards to which types of gold companies Rule finds attractive, he added, “Producing mines will get taken out, but the producing companies are often followed by 50 or 60 analysts, which means that the competition is higher and the premiums are smaller … [So] the ones that really interest me are the ones where we can get 10-fold returns, like [in the case of copper] Reservoir Minerals, or Mariana Resources.”  [and WM one would assume]

Rule concluded that in general, “Any top quality deposit, irrespective of commodity, will be a prime takeover candidate in the next 5 years … Even greatly out of favor commodities like uranium.”

Sprott sees WM as a likely takeover target.  So what we need to do is determine the price at which this will occur.  I see that price as well over $500 million based on comparisons to other mid-tier producers.

Read more at http://www.stockhouse.com/companies/bullboard#lRGjjcRkurt0wVp3.99

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Keeping it "REAL"

Comment from the Stockhouse Bullboard

RE:Today's news

Thanks andrew once again for keeping it real. I keep noticing more and more newbies showing up on these boards spewing wild valuations. 50 cents, 80 cents, over a buck soon. Yeah right. Reminder lesson from a long time Wally holder, straight from Wally website :

SHARE STRUCTURE as at September 28, 2018
Issued & Outstanding 367.2M
Omnibus Share Based Compensation Plan and Stock Options 16.5M
Warrants 65.6 M
Fully Diluted 449.3M
Share Price September 28, 2018 $0.22

Read more at http://www.stockhouse.com/companies/bullboard#x8m2eooOFWzbBzfz.99

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The correction in WM may be ending

WM.t ... update : Last: 0.235 + 0.005

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Finally, some decent moves up in Gold shares yesterday

GCM was up 8%

WM.t ... update :

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Down trend is still intact

WM ... update

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Wallbridge drills 10.1 m of 11.22 g/t Au at Fenelon

Wallbridge Mining Co. Ltd. has provided continued positive results from its underground as well as surface drill programs and has provided an update on the continuing development as part of the 35,000-tonne bulk sample and underground exploration program at its 100-per-cent-owned Fenelon gold property.

Highlights

  • On target to achieve bulk sample production guidance of 35,000 tonnes grading 18 to 25 grams per tonne of gold for production of 19,000 to 26,000 ounces of gold;
  • Mill recoveries have reached forecast levels;
  • 13,500 tonnes of ore processed at the Camflo mill in September and November mill runs;
  • 10,000 metres drilled underground in 2018, with visible gold observed in over 50 per cent of drill holes and approximately 5,000 metres of surface drilling;
  • Underground and surface drilling to date has been successful at extending known gold zones and discovering new parallel zones;
  • Encouraged by exploration results and currently evaluating a substantial exploration program for 2019.

"We are very encouraged by the results from the Fenelon bulk sample to date and confidently maintain our ...

. . . Currently, underground drilling is targeting the main high-grade shoots down plunge to 200 m depth. Since the last press release (see Wallbridge press release dated Nov. 20, 2018), highlights of received assay results are as follows:

  • 18-1000-007: 11.22 g/t gold over 10.10 metres, including 42.91 g/t gold over 2.35 metres in the Habanero zone;
  • 18-1110-004: 13.62 g/t gold over 4.27 metres in the Naga Viper zone;
  • 18-1130-004: 6.23 g/t gold over 4.88 metres, including 39.35 g/t gold over 0.60 metre in the Naga Viper zone.

"In addition to confirming our geological model and delineating the bulk sample stopes, the underground drill program has been very successful in discovering additional ounces proximal to the mine workings that we will be able to put into production with very minimal additional development," stated Attila Pentek, vice-president, exploration, of Wallbridge.

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Bottoming out at last... maybe

WM ... update

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It needs some Buying volume to move it higher

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Wallbridge completes drill program at Beschefer

2018-12-17 08:28 ET - News Release

Mr. Attila Pentek reports

WALLBRIDGE COMPLETES SUCCESSFUL INITIAL DRILL PROGRAM AT BESCHEFER

Wallbridge Mining Company Ltd. has completed a successful initial drill program designed to test the continuity of two high-grade shoots within the B-14 shear zone at its recently optioned Beschefer property.

Highlights:

  • Five drill holes totalling approximately 1,600 metres were completed in less than three weeks.
  • All five drill holes intersected the mineralized B-14 shear zone where expected, proving excellent geological continuity of this gold-bearing structure.
  • The mineralized intersection in the deepest drill hole of the program, BE18-052, represents a 40-metre down-plunge stepout from the previous highlight intersection of 55.63 grams per tonne gold over 5.57 metres in BE13-038.
  • A more substantial exploration program and delivery of a maiden resource estimate are planned for 2019.

 

Mineralization typical of gold-bearing portions of the shear zone was intersected in all five holes at the expected depths demonstrating the continuity of the mineralized system within the two high-grade shoots. Previous wide-spaced drilling (75 to 100 m) was filled in by four holes (BE18-048 to -051) resulting in 25 to 45 m spacing. The mineralized shear zone interval intersected in BE18-052, approximately 40 metres down plunge from the last historic high-grade intersection in this eastern shoot, indicates that gold mineralization remains open down plunge. Assay results are pending and will be released when available.

"Our initial drill program at Beschefer has successfully achieved all of its objectives and has proven the exceptional potential of this project. The first four drill holes demonstrated the remarkable continuity and predictability of the gold-bearing B-14 structure, whereas our last hole of the program provided a further 40-metre down-plunge stepout indicating the potential to expand the high-grade gold mineralization," stated Attila Pentek, vice-president, exploration, of Wallbridge. "We are very keen to accelerate resource drilling and exploration on this project with an aim to publish a maiden resource estimate in 2019."

About the Beschefer project

The Beschefer project covers 647 hectares and is located in the Northern Abitibi greenstone belt, 14 kilometres east of the past-producing polymetallic Selbaie mine, 45 km northeast of the Casa Berardi mine and 28 km from Wallbridge's Fenelon gold property. Historically, the area has mainly been explored for volcanogenic massive sulphide deposits similar to the Matagami camp and the Selbaie mine.

Gold mineralization was discovered in the B-14 zone in 1995 by Billiton Canada Inc. and the property has seen very limited exploration before the involvement by Excellon in 2011, which completed approximately 17,000 metres of drilling up to 2013. Excellon's programs produced very positive results, extending the B-14 mineralization down to almost 600 metres vertical depth, discovering the upper shear zone and intersecting the highest-grade intersections on the property, including 55.63 grams per tonne Au over 5.57 metres and 13.07 g/t gold over 8.75 metres. Excellon's primary focus is on production and exploration at its Platosa mine and Miguel Auza property in Mexico. There has been no exploration at Beschefer since 2013.

Wallbridge entered into an option agreement to acquire 100 per cent of Beschefer as part of its strategy of building a gold production pipeline in the emerging Sunday Lake-Selbaie belt (see Wallbridge press release dated Oct. 17, 2018).

RESULTS !
> https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aWM-2698194&symbol=WM&region=C

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Is the WM correction ending with 2018?

WM.t / Wallbridge Mining ... update : Last: $0.155 vs. High of Year: x

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Is the WM correction ending with 2018?

WM.t / Wallbridge Mining ... update :

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Comments:

GOOD News/ Bad News

As for me I don't like to pay any more than I have to so this would't be a good deal for me. The good news is it appears the bulk sample is going to be decent but looks like it may be in middle of January. Why its taken so long to process those samples are a mystery. GLTA and To All Season Greetings........................
 
/ 2 /
They did say that they extended a drift tunnel so they could get the angle to drill deeper down, might be that but at least it’s coming in.

/ 3 /
It may be economical to smelter the very high grade ore in a microwave smelter, the remains could then just be sent to the mill normally. It could be tested by simply putting a sample of visible high grade ore in a microwave oven and seeing the results.

/ 4/ Block at .16

Just lookng at level 2, well over 570,000 at .16 ask  9 people selling. Was hoping some of the selling would be exhausted by now so less hope for a lttle good news, GLTA

Read more at http://www.stockhouse.com/companies/bullboard#bt9vSe4sbTmxLfJQ.99

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Why Wallbridge Mining? Two words: incredible grades.

Copied from. Article excerpt

Wallbridge Mining Co Limited (TSX: WM, OTCQB: WLBMF, Forum)
Why Wallbridge Mining? Two words: incredible grades.
260.4 g/t Au over 7.02 meters 311.1 g/t Au over 3.06 meters 141.2 g/t Au over 7.06 meters 144.96 g/t Au over 1.77 meters (incl. 262.18 g/t Au over 0.97 meters)* 137.63 g/t Au over 4.10 meters* 122.35 g/t Au over 2.20 meters* ( * Indicates true widths)
 
As the Company moves its flagship Fenelon Mine Project methodically and cost-effectively toward production, the bulk sample that WM is currently extracting is expected to yield between 19,000 and 26,000 ounces of gold and generate in excess of CAD$30 million because of the exceptional grades. Additional upside potential through the recent acquisition of the nearby Beschefer Project + the Companys portfolio of Sudbury nickel assets. Read more at http://www.stockhouse.com/news/newswire/2019/01/04/sector-spotlight-gold#yKuoXZDDBZjOwcjh.99

Read more at http://www.stockhouse.com/companies/bullboard#RfvrYuQGIxbce2sZ.99

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'splosive!

$0.195 +0.035, Percent Change: +21.88%
Open: 0.165 / High: 0.195 / Low: 0.165 / Volume: 2,207,806

WM / Wallbridge ... 10d : 6mo :

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: 6mo :

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New Presentation . Heads up !

posted January 15, 2019 03:16 pm  by  flashcash
 
New presentation, read all about it ! 

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