Wallbridge, Falco ink deal.

Sudbury's Wallbridge Mining Company Ltd. announced Thursday it has signed a tentative agreement with Falconbridge Ltd. involving a number of promising land claims in Greater Sudbury.

Under terms of a proposed restructuring, Wallbridge would acquire Falconbridge's 36 percent interest comprising the Broken Hammer Zone on the land claim commonly known as the Wisner Property and another claim called the Parkin Offset Property.

The restructuring involves six claims that will all become Wallbridge properties.

In return, Falconbridge will increase its interest to 50 percent in the claim recognized as the Frost Lake Property, as well as the remainder of the Wisner Property, excluding the six claims surrounding the Broken Hammer Zone.