Woulfe Increases Inferred Resource at Three Brothers Vein
Woulfe Mining Corp.(TSXV:WOF) announced an increased inferred resource at the Three Brothers vein. The inferred resource has increased to 900,000 tonnes.
Woulfe Mining Corp.(TSXV:WOF) announced an increased inferred resource at the Three Brothers vein. The inferred resource has increased to 900,000 tonnes.
Woulfe Mining Corp.(TSXV:WOF) announced the latest shareholder updates regarding its Sandong project.
Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) announced that, based on results of a National Instrument 43-101 compliant feasibility study for its 100% owned Sangdong Mining Project in South Korea, Net Present Value (NPV) at 8% is $400.3 million, pre-tax, with an Internal Rate of Return (IRR) is 46.0%.
Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) announced that the feasibility study is on schedule for release on April 24, 2012 and other updates on its Sangdong Project in South Korea.
Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) reported the first set of assay results for the current drilling program at Sangdong project in South Korea where drilling from underground locations is continuing and the results will be used to progressively update the Resource estimate.
The new NI 43-101 report for the Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4)Sangdong Project resource announces an overall increase in resources of 47% for the upper section.
Woulfe Mining Corp.(TSXV:WOF) announced that metallurgical work has been completed for feasibility on its Sandong property. The feasibility studied is expected by mid April, 2012.
An NI 43-101-compliant preliminary economic assessment (PEA) has been completed for the Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF) 100% owned Muguk gold project in South Korea, and indicates that Muguk is a potentially viable project that will return a positive net discounted cash flow.
Feasibility for the Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) Sandong Tungsten Molybdenum Project ran a month late and the updated indicated and inferred resources for above level 2 was released in mid-January. The main delay in the feasibility has been metallurgical test work that was moved from Canada as laboratories were busy and do not have the technology developed in China as the world's largest producer of tungsten for the last 20 years.
Woulfe Mining Corp.(TSXV:WOF) announced an increase on its indicated resource by 2.75 times at the Sangdong mine, South Korea. This increase will support the initial ten years of mining at the Sangdong project. As quoted in the press release:
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