Giddyup!Looks like full speed ahead!
Woulfe Mining Corp.: Sangdong Progress Report
5/11/2011 9:00:14 AM - Market Wire
VANCOUVER, BRITISH COLUMBIA, May 11, 2011 (Marketwire via COMTEX News Network) --
Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF) is pleased to provide an update on the feasibility study in progress on its Sangdong tungsten-molybdenum project in South Korea. The feasibility study is being undertaken by Wardrop (a Tetra Tech Company) UK. The structural design of crushing and grinding areas are well advanced and the process plant position has been locked in which will allow the civil design work to commence. The 5,000 metre drilling program announced in late 2010 has been completed and the results are being analysed, with a follow-up Phase 2 program proposed.
The detailed structural engineering design of the process plant is being undertaken by Contromation Energy Services of Jakarta in conjunction with Woulfe and Wardrop engineering. Representatives of Contromation visited Sangdong in April to inspect the site and discuss the plans with a Korean counterpart who will review the drawings for conformity with Korean design standards.
The civil design work will now commence. A geotechnical drilling proposal for the site has been prepared and a drilling rig utilised during the surface drilling campaign is on stand-by to undertake the geotechnical drilling. A Wardrop geotechnical/tailings specialist will be on site for a week during May to review the surface geotechnical program for both the plant site and the site of a proposed tailings dam. With respect to tailings, Woulfe's preference is to cement-fill the underground cavities, however, there may be a requirement for some surface storage facility particularly in the initial years.
The Phase 1 drilling program is now largely complete and the core is being logged and sampled, and the analytical results will be made available progressively. The results of the first two sample batches have been released to the market, and the results generally have been highly encouraging. It was anticipated that the high grade area of the Main Zone would be unmined in places and this has been confirmed with several holes intersecting this zone. As a result, a second phase of drilling is proposed to further define the remnant Main Zone, and also to confirm historical drill results for the Hangingwall Zone. The main vein was not included in the scoping study completed April 2010.
Brian Wesson, CEO/President of Woulfe, commented, "We have an experienced team on the ground in Korea who have opened the underground and have caught up delays over Christmas and New Year. Wardrop and Woulfe are working on the resource model for the infrastructure pillar targeting an updated NI43-101 mid year. The resource model update is needed to underpin the feasibility study due in the latter part 2011."
The information described in this news release, has been reviewed and approved by Paul Gribble FIMMM C.Eng of Wardrop UK, a Qualified Person under National Instrument 43-101.
On Behalf of the Board of Directors
Woulfe Mining Corp.