• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Company Market
    Company News
    Company Stocks
    • Company Market
    • Company News
    • Company Stocks

    Woulfe Mining Announces a Preliminary NI 43-101 for its Mugak Gold Project

    Investing News Network
    Jan. 11, 2012 10:30AM PST
    Company News

    Woulfe Mining Corp.(TSXV:WOX) announced resource updates for its 100% owned Mugak project in South Korea. Woulfe employed AMC Consultants Pty Ltd to prepare the resource estimate for Mugak and have commissioned the company to undertake a scoping study early this year.

    Woulfe Mining Corp.(TSXV:WOF) announced resource updates for its 100% owned Mugak project in South Korea. Woulfe employed AMC Consultants Pty Ltd to prepare the resource estimate for Mugak and have commissioned the company to undertake a scoping study early this year.

    As quoted in the press release:

    Woulfe is very encouraged with these initial results and has commissioned AMC to undertake a scoping study which is scheduled to be completed by early 2012. The study will be based on cut and fill mining of the Three Brothers Vein at a rate of 150,000 tonnes per annum, producing approximately 34,000 ounces of gold per annum assuming a mining grade of 7.5g/t gold and a metallurgical recovery of 93%.

    Woulfe Mining, Brian Wesson, CEO & President, stated:

    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 10g/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.

    Click here to read the Woulfe Mining Corp. (TSXV:WOX) press release


    Click here to see the Woulfe Mining Corp. (TSXV:WOX) profile.

    woulfe miningwoulfe mining corptsxv:wof
    The Conversation (0)

    Go Deeper

    AI Powered
    Lithium Investing

    Lithium-ion Bull: KISS

    NQ Intersects 11.55 t/t Au Over 1.30 Metres at its Lac Shortt Project

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×