Wallbridge Mining Company Limited (TSX:WM,
OTCQX:WLBMF) (“
Wallbridge” or the
“
Company”) has filed a final short form base shelf
prospectus (the “
Shelf Prospectus”) with the
securities regulatory authorities in each of the provinces and
territories of Canada. As previously announced, the Shelf
Prospectus will allow Wallbridge to offer from time to time over a
25-month period up to $50 million of equity, debt or certain other
securities (collectively, the “
Securities”). The
Company currently has no plans to undertake a financing in
connection with the Shelf Prospectus.
Concurrently with the filing of the Shelf
Prospectus, the Company filed an amended technical report entitled
“Amended and Restated: NI 43-101 Technical Report for the
Detour-Fenelon Gold Trend Property and Preliminary Economic
Assessment of the Fenelon Gold Project, Quebec, Canada” (the
“Amended Technical Report”). The Amended Technical
Report addresses comments raised by staff of the Ontario Securities
Commission (the “OSC”) in connection with the
OSC’s review of the Company’s Shelf Prospectus. The Amended
Technical Report contains no material differences to the technical
report filed on August 10, 2023 (the “August
Report”) and there are no differences with respect to the
mineral resource estimates, the preliminary economic assessment
(“PEA”) or the conclusions contained in the August
Report.
A summary description of the changes to the
Amended Technical Report include:
- Deletion of
certain disclosure with respect to a “Blue Sky Scenario” regarding
the Detour-Fenelon Gold Trend Property’s potential.
- Deletion of
certain appendices providing additional disclosure regarding the
electrical and ventilation infrastructure of the Fenelon Gold
(“Fenelon”) project.
A copy of the Amended Technical Report may be
found on SEDAR+ at www.sedarplus.ca and the Company’s website at
https://wallbridgemining.com.
About Wallbridge Mining
Wallbridge is focused on creating value through
the exploration and sustainable development of gold projects along
the Detour-Fenelon Gold Trend while respecting the environment and
communities where it operates.
Wallbridge’s flagship project, Fenelon, is
located on the highly prospective Detour-Fenelon Gold Trend
Property in Québec’s Northern Abitibi region. An updated mineral
resource estimate completed in January 2023 yielded significantly
improved grades and additional ounces at the 100%-owned Fenelon and
Martiniere projects, incorporating a combined 3.05 million ounces
of indicated gold resources and 2.35 million ounces of inferred
gold resources. Fenelon and Martiniere are located within an 830
square kilometre exploration land package controlled by Wallbridge.
In addition, Wallbridge believes that the extensive land package is
extremely prospective for the discovery of additional gold
deposits.
Wallbridge has reported a positive PEA on its
100%-owned Fenelon gold Project with an estimated average annual
gold production of 212,000 ounces over 12.3 years (see Wallbridge’s
press release of June 26, 2023).
Wallbridge also holds a 15.9% interest in the
common shares of Archer Exploration Corp.
(“Archer”) as a result of the sale of the
Company’s portfolio of nickel assets in Ontario and Québec in
November of 2022.
The scientific and technical content of this
news release has been reviewed and approved by Francois Chabot.,
Eng., the Company’s Manager of Technical Services, a "Qualified
Person" as defined in National Instrument 43-101 - Standards of
Disclosure for Mineral Projects (“NI 43-101”).
For further information please visit the
Company’s website at https://wallbridgemining.com/ or contact:
Wallbridge Mining Company
Limited
Brian Penny, CPA, CMAInterim CEOTel: (416)
716-8346Email: bpenny@wallbridgemining.com
Victoria Vargas, B.Sc. (Hon.) Economics,
MBACapital Markets AdvisorEmail: vvargas@wallbridgemining.com
ON BEHALF OF THE BOARD OF
DIRECTORS
Brian PennyInterim CEO
Cautionary Note Regarding
Forward-Looking Information
The information in this document may contain
forward-looking statements or information (collectively,
“FLI”) within the meaning of applicable Canadian
securities legislation. FLI is based on expectations, estimates,
projections, and interpretations as at the date of this
document.
All statements, other than statements of
historical fact, included herein are FLI that involve various
risks, assumptions, estimates and uncertainties. Generally, FLI can
be identified by the use of statements that include, but are not
limited to, words such as “seeks”, “believes”, “anticipates”,
“plans”, “continues”, “budget”, “scheduled”, “estimates”,
“expects”, “forecasts”, “intends”, “projects”, “predicts”,
“proposes”, "potential", “targets” and variations of such words and
phrases, or by statements that certain actions, events or results
“may”, “will”, “could”, “would”, “should” or “might”, “be taken”,
“occur” or “be achieved.”
FLI in this document may include, but is not
limited to: statements regarding the Shelf Prospectus, the
effectiveness and timing thereof and any future offerings; the
Company’s exploration plans; the future prospects of Wallbridge;
statements regarding the results of the Fenelon preliminary
economic assessment; the potential future performance of Archer
common shares; future drill results; the Company’s ability to
convert inferred resources into measured and indicated resources;
parameters and methods used to estimate the MRE’s at the Fenelon
and Martiniere properties (collectively the
“Deposits”); the prospects, if
any, of the Deposits; future drilling at the Deposits; and the
significance of historic exploration activities and results.
FLI is designed to help you understand
management’s current views of its near- and longer-term prospects,
and it may not be appropriate for other purposes. FLI by their
nature are based on assumptions and involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance, or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by such FLI. Although the FLI
contained in this document is based upon what management believes,
or believed at the time, to be reasonable assumptions, the Company
cannot assure shareholders and prospective purchasers of securities
of the Company that actual results will be consistent with such
FLI, as there may be other factors that cause results not to be as
anticipated, estimated or intended, and neither the Company nor any
other person assumes responsibility for the accuracy and
completeness of any such FLI. Except as required by law, the
Company does not undertake, and assumes no obligation, to update or
revise any such FLI contained in this document to reflect new
events or circumstances. Unless otherwise noted, this document has
been prepared based on information available as of the date of this
document. Accordingly, you should not place undue reliance on the
FLI, or information contained herein.
Furthermore, should one or more of the risks,
uncertainties or other factors materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in FLI.
Assumptions upon which FLI is based, without
limitation, include: the results of exploration activities, the
Company’s financial position and general economic conditions; the
ability of exploration activities to accurately predict
mineralization; the accuracy of geological modelling; the ability
of the Company to complete further exploration activities; the
legitimacy of title and property interests in the Deposits; the
accuracy of key assumptions, parameters or methods used to estimate
the MREs and in the PEA; the ability of the Company to obtain
required approvals; geological, mining and exploration technical
problems; and failure of equipment or processes to operate as
anticipated. Risks and uncertainties about Wallbridge's business
are discussed in the disclosure materials filed with the securities
regulatory authorities in Canada, which are available at
www.sedarplus.ca.
Cautionary Notes to United States
Investors
Wallbridge prepares its disclosure in accordance
with NI 43-101 which differs from the requirements of the U.S.
Securities and Exchange Commission (the
"SEC"). Terms relating to mineral properties,
mineralization and estimates of mineral reserves and mineral
resources and economic studies used herein are defined in
accordance with NI 43-101 under the guidelines set out in CIM
Definition Standards on Mineral Resources and Mineral Reserves,
adopted by the Canadian Institute of Mining, Metallurgy and
Petroleum Council on May 19, 2014, as amended. NI 43-101 differs
significantly from the disclosure requirements of the SEC generally
applicable to US companies. As such, the information presented
herein concerning mineral properties, mineralization and estimates
of mineral reserves and mineral resources may not be comparable to
similar information made public by U.S. companies subject to the
reporting and disclosure requirements under the U.S. federal
securities laws and the rules and regulations thereunder.
Wallbridge Mining (TSX:WM)
過去 株価チャート
から 4 2024 まで 5 2024
Wallbridge Mining (TSX:WM)
過去 株価チャート
から 5 2023 まで 5 2024