Woulfe Mining is pleased to announce that an NI 43-101-compliant preliminary economic assessment (PEA) has been completed for its 100% owned Muguk gold project in South Korea. Brian Wesson, Woulfe CEO/President, comments that, 'The PEA indicates that the project is economic as it has a positive NPV. We are also excited that this was based on mining [...]
Woulfe Mining is pleased to announce that Woulfe Mining will be holding a conference call on Thursday March 1, 2012 to discuss the press release from February 28, 2012 regarding strategic agreements with International Metalworking Companies. The Company will also update investors and stakeholders with a new presentation of the Company's plan for [...]
Woulfe Mining is pleased to announce that Woulfe and its 100%-owned tungsten/molybdenum South Korean subsidiary, Sangdong Mining, have entered into agreements for a strategic arrangement with IMC International Metalworking Companies and certain of IMC's affiliates. The closing of the transaction is subject to customary closing conditions, including [...]
Woulfe Mining is pleased to announce assay results for three batches of samples associated with the drilling program at Sangdong. The results for the drilling completed during 2011 will be used in the calculation of the Feasibility Study resource estimate. Drilling from underground locations is continuing at Sangdong.
Woulfe Mining is pleased to provide an update regarding the feasibility study, and the project manager at the 100% owned Sangdong Tungsten Molybdenum Project. Brian Wesson CEO and President of Woulfe Mining commented, 'We have advanced the project significantly in the last two years and delaying the feasibility study was a hard decision as we [...]
Woulfe Mining is pleased to announce the following completion of the phase 2 drilling and further historical data compilation at the Sangdong mine in South Korea, Tetra Tech Wardrop (Tetra Tech) have completed an update of the Mineral Resources. The Resource for the skarn mineralised zones is summarised in Table 1.
Woulfe Mining is pleased to announce that a preliminary NI 43-101-compliant resource estimate has been determined for its 100% owned Muguk gold project in South Korea. The resource estimate was prepared by AMC Consultants Pty Ltd ('AMC') of Melbourne and was based on a 3D geological model of the main Three Brothers Vein incorporating the historical [...]
Woulfe Mining is pleased to announce assay results for the first batches of samples associated with the phase 2 drilling program at Sangdong. Following the completion of the highly successful phase 1 drilling program earlier this year, Woulfe has embarked on a second round of drilling to upgrade the Inferred resources in the upper portion of the [...]
Woulfe Mining is pleased to announce that it has negotiated the purchase of the 2% net smelter royalty retained on the Sangdong tungsten-molybedenum project in South Korea from the vendor, Se Woo Mining Co. Ltd., for CDN$3.5 million, of which $500,000 was paid on execution of the agreement and the balance of which is payable by December 19, 2011 [...]
Woulfe is pleased to announce major steps forward for Woulfe in the development of its Sangdong Tungsten/ Molybdenum project in South Korea. The delivery of the Metso minerals front end crushing equipment and the Terex feeding equipment marked the first equipment delivery to the mine site. The equipment was purchased at a significant discount to [...]
