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Woulfe Mining Corp. (CVE:WOF) reports that this press release is a correction of the press release disseminated on behalf of Woulfe Mining Corp. on Aug. 29th at 9 AM EST
The press release is quoted as saying:
The following changes have been made: “AMC Consultants Pty Ltd.” was listed in the second paragraph as “AMC Consultants”; Korea Resources Corporation was stated to have completed a reserve/resource update resulting in a total reserve/resource estimate in the eighth paragraph, this has been changed to a resource estimate; and the Qualified Person was stated to be reporting for the exploration results of the Sangdong deposit in the twelfth paragraph, this has been changed to the Muguk deposit.
Woulfe’s President and CEO, Brian Wesson says:
“We are very pleased to be moving ahead with Muguk now that Sangdong is on track for development. Muguk is a very exciting gold project as it has a significant residual resource above 10 g/t gold. With the gold price now more than six times the price when the mine closed, there is potential to increase this resource significantly using a lower cut-off grade. There are numerous secondary mineralised veins within the mining field which add to the potential upside. The grades at Muguk are well above the average for operating gold mines worldwide, recently reported to be around 2 g/t gold.”
Click here to access the entire news release.
