Stockhouse Canadian Small and Micro-cap Stock Report for Friday, February 17, 2010
TORONTO (SHfn) – Woulfe Mining Corp. (TSX: V.WOF, Stock Forum) was up 5% to 29 cents Friday on news of drilling results from the company’s Sangdong tungsten-molybdenum project in South Korea. The company said results from drilling completed during 2011 will be used in the calculation of the feasibility resource estimate. Located 187 kilometres east of Seoul, Sangdong was the world’s leading producer of tungsten for 40 years. It closed in1992. Drilling from underground continues, Woulfe said in a release.
Yellowhead Mining Inc. (TSX: V.YMI, Stock Forum) also gained 2% to $1. The company tabled an updated mineral resource estimate for its Harper Creek project near Kamloops, B.C. At a 2% copper cut-off grade, total measured and indicated resources now stand at 815 million tonnes, grading 0.29% copper, and containing 5.26 billion pounds of copper, an increase of 1.67 billion pounds over a prior estimate.
Ethiopian Potash Corp. (TSX: V.FED, Stock Forum) rose 1.3% to 39.5 cents after the company released more positive drill results from its Danakil potash project in Ethopia. The company said it has drilled over 6,500 metres in 26 holes in the southwestern corner of the property and along the western edge of a Basin covering an area measuring 10 kilometres by 4 kilometres. The company is planning to release an updated resource report, based on the work completed to date.
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