Woulfe Mining requests quotation for crushing and grinding plant at Sangdong
Woulfe Mining Corp. (TSX VENTURE:WOF)(OTCQX:WFEMF) in conjunction with Contromation Indonesia and Wardrop Engineers is proud to announce that the first design package for the ore crushing and grinding system for the Sangdong tungsten and molybdenum Project has been completed and is ready for initial quotation. The design package has been issued to reputable heavy engineering companies in South Korea for quotation.
This is a substantial milestone for Woulfe as it will provided real construction costs in South Korea for the pre-feasibility and feasibility studies due out in Q3 and Q4 2011, respectively.
The system is designed to crush ore at a rate of 2.4 million tonnes per annum and grind initially at 1.2 million tonnes per annum. There is the potential to increase the grinding rate if the tungsten market remains strong and/or the price of molybdenum increases. Two rod mills will be installed and a third could be added should circumstances prove viable for increasing the grinding rate.
Woulfe has a resource of 103.2 million tonnes at 0.35% WO3 and 0.04% MoS2. Further there is a historical high grade molybdenum target below the level 6 of the existing mine that has target grades as high as 0.4% MoS2. The target has had over 40 historical and two new drill holes drilled into the stockwork deposit. The Company intends to redrill the deposit in early 2012 once it achieves underground access to drill oblique holes to the mineralized veins. Woulfe is focused on publishing the updated resource numbers in Q3 2011, with pre-feasibility and feasibility studies completed later in the year, in order to move toward construction.
Brian Wesson, CEO and President of Woulfe Mining added, "Woulfe has a highly experienced multinational team on the ground in Korea, supported by Wardrop Engineers UK, SGS and Australian Mineral Consultants Vancouver and Melbourne."