Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) clarified, restated, and updated previously issued reports and disclosures on its website. The Company’s website and November 2012 Investor Guide disclosed 2010 mineral resource estimates, completed as part of a scoping study.The 2010 Scoping Study and mineral resource estimates have been superseded by a feasibility study on the Sangdong property having an effective date of June 6, 2012. The Feasibility Study did not contain a complete mineral resource update, but converted a prior reported Indicated Resource of 16.4 Mt @ 0.45% WO3 with a cut-off of 0.15% WO3 to the Probable Reserve reported above. The prior resource estimates on the Sangdong property, including the Indicated Resource referenced above, had an effective date of January 24, 2012 and were included in a report entitled “Sangdong Project Resource Estimate” authored by Wardrop, TetraTech WEI Inc. (the “2012 Resource Report”).
As quoted in the press release:
The only current mineral resource and mineral reserve estimates that have been approved by or on behalf of the Company in relation to the Sangdong property are as stated above in the 2012 Resource Report and the Feasibility Study. The Company retracts all non-compliant disclosures as referenced above and has amended the website and Materials to remove such disclosures, including the Guide which will be updated at a later date. The Company plans to complete a more comprehensive re-launch of the Company’s website in the future.