Woulfe Mining Corp. (CVE:WOF) reported the publication of the interim NI 43-101 resource report for the Sangdong Mine.
The press release is quoted as saying:
This interim Resource update (effective date July 15th 2011) is the culmination of work completed since Woulfe took charge of the project. It represents the end of the first stage of a programme to refine and understand the Resource. Woulfe gained access underground and started a comprehensive underground drilling campaign, supplemented with additional surface holes. The Interim Resource update is based on this drilling campaign and the modern surface drilling campaign completed by Woulfe’s predecessor at the project.
Woulfe will continue to drill and explore within the Upper Section of the old mine. Definition and refinement of the Sangdong mineralisation models will continue as more underground drilling is completed. This data will increase the sample density increasing the area meeting the criteria for the ‘Indicated’ category. Modelling of historical mining depletion will also continue to better represent the deposit.