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Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF) announced major steps forward for Woulfe in the development of its Sangdong tungsten/ molybdenum project, South Korea.
As quoted in the press release:
The delivery of the Metso minerals front end crushing equipment and the Terex feeding equipment marked the first equipment delivery to the mine site. The equipment was purchased at a significant discount to value. Woulfe will be purchasing new European-made crushing and grinding equipment where reliability is vital. The four truckloads of heavy equipment were delivered directly to the mine site and unloaded with ease, which demonstrates the advantage of being located in the midst of significant industrial infrastructure.
In the latter part of the month Woulfe received an explosives license, built an underground storage facility and initiated the first blast since closure in 1993. The F2 foot wall ore body was blasted. This zone will be the initial point of mining and representative of the initial years of operations. The blast has allowed the Company to extract two bulk samples for proof of process through metallurgical testwork and APT/oxide plant design. The mine has now been opened from one level in the base of the valley floor to the top of the mountain and across the entire 1.2 km strike of the ore body. During the opening, many new target areas were discovered which were initially prepared by Korea Tungsten prior to the 1993 closure of the mine. The closure was due to commodity prices falling by 600% in the 1980s.
Woulfe President and CEO, Brian Wesson said:
“Woulfe is excited to see all the levels of the mine open above the valley floor, three drills running 24/7, the commencement of blasting work and the first arrival of equipment on site.”
Click here to read the Woulfe Mining (TSXV:WOF,OTCQX:WFEMF) press release.
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