03:50 PM EST - Wallbridge Mining Company Limited : announced that its Board of Directors have approved the production decision for the Broken Hammer copper and platinum group metal project in Sudbury, Ontario. The Broken Hammer project is an open pit operation which will be used to extract approximately 195,000 tonnes of in-pit Cu-Ni-PGE mineral reserve utilizing the services of William Day Construction Limited, a local mining contractor. The ore will be transported to Northern Sun's Redstone facility in Timmins, Ontario and subsequently the concentrates are under a contract with a nearby copper smelter. The Definitive Agreement with Northern Sun is expected to be finalized this week and the construction and subsequent production is expected to commence in April 2014. The open pit mining is expected to be completed within 10-12 months at an average daily rate of approximately 800 tonnes of ore. Wallbridge Mining Company Limited
shares T.WM are trading up $0.005 at $0.10.
