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Woulfe Mining Corp.(TSXV:WOF) announced an increased inferred resource at the Three Brothers vein. The inferred resource has increased to 900,000 tonnes.
As quoted in the press release:
The main reasons for the difference to the Inferred Resource released on10 January 2012 are:
The proposed decline access strategy allows smaller and more dispersed packages of the resource to potentially be mined relative to the original shaft access strategy. Addition of the smaller packages of the resource has increased the tonnage by 475,000 tonnes and decreased the grade by 1 g/t gold.
The bulk density has been changed from 3 t/m3 to 2.7 t/m3. Decreasing the bulk density has decreased the tonnage by 90,000 tonnes, with no change in the gold grade.
Click here to read the Woulfe Mining Corp. (TSXV:WOF) press release
Click here to see the Woulfe Mining Corp. (TSXV:WOF) profile