Woulfe Mining Corp. (CVE:WOF) reports its approval for the mine development license for Sangdong tungsten-molybdenum project. The Company will lodge an environmental bond in the coming week and proceed to open the underground mine in conjunction with the mine safety authority. Brian Wesson, CEO and President of Woulfe Mining says: “This is a significant milestone for the Company [...]
Geodex Minerals Ltd. (TSX-V:GXM), Canadian based resource company with a focus on the exploration and development of tungsten and molybdenum, has announced that they have started the second stage metallurgical program on the tungsten-molybdenum Sisson Brook deposit located in New Brunswick. Press release is quoted saying: “This additional metallurgical work is the next important step [...]
Woulfe Mining Corp. (CVE:WOF) reports its work schedule for 2010. Woulfe Mining is focused on the redevelopment of the world class Sangdong tungsten and molybdenum mine in South Korea. Woulfe is in a unique position with what the Board considers to be “The” tungsten project in the world with its 25 km of underground development [...]
Dentonia Resources Ltd. declared assay results from a quartz-garnet showing on the Knight Inlet Area Claims. For full story, click here
Colt Resources Inc. has declared an update on property work completed during the first 4 months of 2009 on their Penedono and Armamar Meda Concessions located in northern Portugal. For full story, click here
Tungsten explorer Vital Metals revealed that it will team up with Aragon Resources to take advantage of opportunities in tungsten mining in North Queensland. For full story, click here
The ferro-tungsten market has been stagnant in recent weeks, with only a handful of transactions taking place. Last Friday, in China, inactivity translated into a dip in prices. Ferro-tungsten fell to $25.90 a kilogram, down from the recent rate of $28.00 per kilogram.
Sultan Minerals Inc. is pleased to announce that it has now received updated resource calculations for the Tungsten Zones on its Jersey-Emerald Property in the Kootenay District of British Columbia. For full story, click here
Tungsten, like all the other metals, has seen a large amount of its value lost in the 2008 market crash. However, some stability has been lent to tungsten due to the fact that China has a monopoly on the market.
Torch River Resources Ltd announced results of diamond drilling carried out on their 100% owned Mount Copeland molybdenum project. For full story, click here
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