Woulfe Mining Activities Update from its Sangdong Tungsten and Muguk Gold Projects

- September 26th, 2011

Woulfe Mining Corp. (CVE:WOF) announced the update of its activities from its Sangdong Tungsten and Muguk gold projects.

Woulfe Mining Corp. (TSXV:WOF) announced the update of its activities from its Sangdong Tungsten and Muguk gold projects.

The press release is quoted as saying:

During the course of 2011, the Company has refined its strategy for the development of Sangdong, a world-class tungsten brownfields project located in South Korea. This has been influenced by the strong tungsten price which has increased from around US$200/mtu of APT (metric tonne unit or 10kg of ammonium paratungstate) in early 2010 to over US$450/mtu.

Sangdong was the largest global tungsten producer prior to its closure in 1993 due to low tungsten prices (around US$40/mtu). Historic mining focused on the central skarn sheet referred to as the Main Zone which extends laterally for 1,200 metres and down dip at 20-30° for 1,500 metres. The mine is flooded below the valley floor, however the upper levels are accessible.

Click here to access the entire news release. 

Click here to access Woulfe’s company profile.(TSXV:WOF) 

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