Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) has entered into a contract for the development of the main access portal and a commercial scale mine on the Sangdong property.
As quoted in the press release:
The mining contractor appointed has strong technical experience gained in underground mines as well as construction of numerous road and railway tunnels in Korea. The contractor possesses large underground mine vehicle fleets and qualified mining and civil engineers who will be deployed to the Sangdong project.
Woulfe Mining CEO and President Brian Wesson said:
This is a significant milestone for Sangdong as it is the official start of mine construction and it comes at a substantially lower cost than we budgeted suggesting much escalated project economics and corporate value.