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Woulfe Mining Corp. (CVE:WOF) reports that it has began drilling at its Sangdong tungsten-molybdenum project in South Korea.
The press release is quoted as saying:
Drilling will consist of 38 holes totalling approximately 5,000m to complement the 91 holes drilled previously by Woulfe. This block is 60m to 200m wide and extends 1.2 km across the entire ore body and down the eastern and western sides of the deposit for its entire length. It was not considered a potential source of ore as it protected the old hoist chambers, incline shafts and main haulage which were essential to the mining of the Main Ore Zone in the lower parts of the mine.
Woulfe Mining’s President and CEO, Brian Wesson says:
“We are committed to upgrading the Sangdong tungsten-molybdenum deposit from the inferred category to measured and indicated, building on the more than 800 historical holes,” said Brian Wesson, President and CEO of Woulfe. “With APT prices over US$300 per mtu used as a basis for the Korean Zinc deal announced last week we are only restricted by the speed with which we can move the project forward.”
Click here to access the entire news release.