Wallbridge Mining Company Limited (TSX:WM) announced an updated mineral resource estimate for the Broken Hammer zone in Ontario, Canada.
Wallbridge’s President and CEO, Marz Kord said:
We have now reached our first milestone. The next key milestone for us is the Pre-Feasibility Study which is currently underway on our Broken Hammer deposit. We are excited to see that the results of our additional exploration efforts since 2005 and the successful 2011 bulk sample have not only generated some revenue and additional metal endowment to our Broken Hammer resource, but more importantly have increased the confidence level of our resource from Inferred to Indicated, thereby getting us closer to a production decision and creating a potential source of revenue.