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Woulfe Mining Reports Drill Results for the Phase 2 Feasibility Drilling Program
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 21, 2011) - Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT: OZ4) is pleased to announce assay results for the first batches of samples associated with the phase 2 drilling program at Sangdong. Following the completion of the highly successful phase 1 drilling program earlier this year, Woulfe has embarked on a second round of drilling to upgrade the Inferred resources in the upper portion of the deposit.
The initial phase 2 holes were located on the eastern extremity of the deposit to close off the mineralisation for mine planning purposes. The holes are located on Sangdong, Taebaek and No 1 Levels.
Brian Wesson, CEO and President of Woulfe, commented, "The initial 5000 metre drill program earlier this year was very successful, moving close to 6 million tonnes into indicated and delineating over 18 million tonnes in inferred based on only new drilling. The current 3,800 metre campaign is focused on the inferred areas, in-filling them to get them into the high category. It can be seen from these results that the tungsten grades are holding up and are higher than expected."
The recent drilling results are summarised as below:
[...]
http://www.marketwire.com/press-release/woulfe-mining-report…
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 21, 2011) - Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT: OZ4) is pleased to announce assay results for the first batches of samples associated with the phase 2 drilling program at Sangdong. Following the completion of the highly successful phase 1 drilling program earlier this year, Woulfe has embarked on a second round of drilling to upgrade the Inferred resources in the upper portion of the deposit.
The initial phase 2 holes were located on the eastern extremity of the deposit to close off the mineralisation for mine planning purposes. The holes are located on Sangdong, Taebaek and No 1 Levels.
Brian Wesson, CEO and President of Woulfe, commented, "The initial 5000 metre drill program earlier this year was very successful, moving close to 6 million tonnes into indicated and delineating over 18 million tonnes in inferred based on only new drilling. The current 3,800 metre campaign is focused on the inferred areas, in-filling them to get them into the high category. It can be seen from these results that the tungsten grades are holding up and are higher than expected."
The recent drilling results are summarised as below:
[...]
http://www.marketwire.com/press-release/woulfe-mining-report…
Woulfe to acquire rest of Sangdong for $3.5-million
2011-11-17 09:13 ET - News Release
Mr. Brian Wesson reports
WOULFE MINING BUYS OUT ROYALTY AND MOVES TO 100% OWNERSHIP OF SANGDONG PROJECT
Woulfe Mining Corp. has negotiated the purchase of the 2-per-cent net smelter royalty retained on the Sangdong tungsten-molybedenum project in South Korea from the vendor, Se Woo Mining Co. Ltd., for $3.5-million, of which $500,000 was paid on execution of the agreement and the balance of which is payable by Dec. 19, 2011. In addition, the company negotiated an amendment to the acquisition agreement originally dated Oct. 9, 2006, in respect of the Sangdong project, such that the final outstanding 30-per-cent interest in the mining titles shall vest to the company immediately as part of the completion of the payments noted above. As a result of the foregoing, the company will hold a 100-per-cent interest in the Sangdong project. Woulfe will make the payments from working capital.
"The agreement with Se Woo concludes all remaining obligations under the purchase agreement for the Sangdong mine, and, more significantly, buying the 2-per-cent NSR (net smelter royalty) is beneficial for shareholders. As the company is focused on development next year, it is important to secure as much value from the project for our shareholders," stated Brian Wesson, president, chief executive officer and director of Woulfe. "Woulfe's board and management agreed that consolidation of all aspects of the title are particularly important at this time. Based on forward projections of the NSR, we have been able to negotiate a very fair purchase, based on co-operation from Se Woo Mining."
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:WOF-1901419…
2011-11-17 09:13 ET - News Release
Mr. Brian Wesson reports
WOULFE MINING BUYS OUT ROYALTY AND MOVES TO 100% OWNERSHIP OF SANGDONG PROJECT
Woulfe Mining Corp. has negotiated the purchase of the 2-per-cent net smelter royalty retained on the Sangdong tungsten-molybedenum project in South Korea from the vendor, Se Woo Mining Co. Ltd., for $3.5-million, of which $500,000 was paid on execution of the agreement and the balance of which is payable by Dec. 19, 2011. In addition, the company negotiated an amendment to the acquisition agreement originally dated Oct. 9, 2006, in respect of the Sangdong project, such that the final outstanding 30-per-cent interest in the mining titles shall vest to the company immediately as part of the completion of the payments noted above. As a result of the foregoing, the company will hold a 100-per-cent interest in the Sangdong project. Woulfe will make the payments from working capital.
"The agreement with Se Woo concludes all remaining obligations under the purchase agreement for the Sangdong mine, and, more significantly, buying the 2-per-cent NSR (net smelter royalty) is beneficial for shareholders. As the company is focused on development next year, it is important to secure as much value from the project for our shareholders," stated Brian Wesson, president, chief executive officer and director of Woulfe. "Woulfe's board and management agreed that consolidation of all aspects of the title are particularly important at this time. Based on forward projections of the NSR, we have been able to negotiate a very fair purchase, based on co-operation from Se Woo Mining."
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:WOF-1901419…
WOF-Newsletter vom 11.11.11:
I wanted to take the opportunity to share with you an interesting article from the Resource Investing News Network about tungsten and the Chinese limitiations on tungsten exports.
China Cuts 2012 Export Quotas For Tungsten
The article dicusses the increasing prices of APT in the last year ($279/mtu -$449/mtu), and how " if China’s export quotas are indeed driving up prices, there is a small group outside of that nation that stand to share the benefits." Because China represents80-85% of supply in the tungsten market, restrictions on exports make tungsten mines like Sangdong an integral part in the tungsten market as a whole.
We are excited to be apart of that small group outside of China and are working very diligently toward our goal of having Sangdong in production but Q4 2012. If you have any questions please feel free to contact me directly or visit us at our booth at the Hard Assets conference in San Francisco on November 28-29 or at the Mines and Money show in London December 6-7. We look forward to seeing you there.
Thank you for your continued support and interest in Woulfe Mining Corp.
Regards,
Meredith
Woulfe Mining
Meredith Eades
Investor Relations
Phone +1 (604) 569-0056
meredith@nicolastreetcapital.com
www.woulfemining.com
I wanted to take the opportunity to share with you an interesting article from the Resource Investing News Network about tungsten and the Chinese limitiations on tungsten exports.
China Cuts 2012 Export Quotas For Tungsten
The article dicusses the increasing prices of APT in the last year ($279/mtu -$449/mtu), and how " if China’s export quotas are indeed driving up prices, there is a small group outside of that nation that stand to share the benefits." Because China represents80-85% of supply in the tungsten market, restrictions on exports make tungsten mines like Sangdong an integral part in the tungsten market as a whole.
We are excited to be apart of that small group outside of China and are working very diligently toward our goal of having Sangdong in production but Q4 2012. If you have any questions please feel free to contact me directly or visit us at our booth at the Hard Assets conference in San Francisco on November 28-29 or at the Mines and Money show in London December 6-7. We look forward to seeing you there.
Thank you for your continued support and interest in Woulfe Mining Corp.
Regards,
Meredith
Woulfe Mining
Meredith Eades
Investor Relations
Phone +1 (604) 569-0056
meredith@nicolastreetcapital.com
www.woulfemining.com
Salmon River Increases Previously Announced Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2011) - Salmon River Resources Ltd. ("Salmon River" or the "Company") (TSX VENTURE:SAL) is pleased to announce that the part and parcel private placement announced on November 4, 2011 has been increased from up to $1,500,000 to up to $2,100,000 (the "Private Placement"). The Company may issue up to 7,000,000 common shares at $0.30 per common share. The net proceeds of the Private Placement will be used primarily for legal and other expenses expected to be incurred in connection with the Investment Framework Agreement and the Treppo Grande Option described in the press release of the Company dated November 4, 2011. In connection with the Private Placement, Salmon River may pay finders' fees to certain finders, including cash commissions in an amount equal to 8% of the proceeds from the sale of the common shares to subscribers and options to acquire that number of common shares equal to 8% of the number of common shares sold to subscribers. Such options will be exercisable for 18 months following their date of issue.
The common shares issued in the Private Placement will be subject to a four-month hold period in accordance with the policies of the TSX Venture Exchange and applicable securities legislation.
The Private Placement remains subject to the approval of the TSX Venture Exchange.
The Private Placement was announced concurrently with the announcement of a non-binding Memorandum of Understanding (the "MOU") with General Steel Holdings Inc. Readers should refer to the full text of the press release of the Company dated November 4, 2011 for more information on the MOU.
About Salmon River Resources Limited (TSX VENTURE:SAL)
Salmon River Resources Limited is a mineral exploration company engaged in the exploration for and development of commercial deposits of iron ore in Western Australia. It holds an exclusive option to acquire the Mt. Manning project located in the Yilgarn region of Western Australia, approximately 210 kilometres northwest of Kalgoorlie. Salmon River believes the project has the potential to be a world-class iron ore deposit with early development potential. The shares of Salmon River are listed on the TSX Venture Exchange under the symbol "SAL". For further information see our website at www.salmonriverresources.com.
On behalf of the Board of Directors of SALMON RIVER RESOURCES LTD.
J.G. Stewart, President
http://www.marketwire.com/press-release/salmon-river-increas…
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2011) - Salmon River Resources Ltd. ("Salmon River" or the "Company") (TSX VENTURE:SAL) is pleased to announce that the part and parcel private placement announced on November 4, 2011 has been increased from up to $1,500,000 to up to $2,100,000 (the "Private Placement"). The Company may issue up to 7,000,000 common shares at $0.30 per common share. The net proceeds of the Private Placement will be used primarily for legal and other expenses expected to be incurred in connection with the Investment Framework Agreement and the Treppo Grande Option described in the press release of the Company dated November 4, 2011. In connection with the Private Placement, Salmon River may pay finders' fees to certain finders, including cash commissions in an amount equal to 8% of the proceeds from the sale of the common shares to subscribers and options to acquire that number of common shares equal to 8% of the number of common shares sold to subscribers. Such options will be exercisable for 18 months following their date of issue.
The common shares issued in the Private Placement will be subject to a four-month hold period in accordance with the policies of the TSX Venture Exchange and applicable securities legislation.
The Private Placement remains subject to the approval of the TSX Venture Exchange.
The Private Placement was announced concurrently with the announcement of a non-binding Memorandum of Understanding (the "MOU") with General Steel Holdings Inc. Readers should refer to the full text of the press release of the Company dated November 4, 2011 for more information on the MOU.
About Salmon River Resources Limited (TSX VENTURE:SAL)
Salmon River Resources Limited is a mineral exploration company engaged in the exploration for and development of commercial deposits of iron ore in Western Australia. It holds an exclusive option to acquire the Mt. Manning project located in the Yilgarn region of Western Australia, approximately 210 kilometres northwest of Kalgoorlie. Salmon River believes the project has the potential to be a world-class iron ore deposit with early development potential. The shares of Salmon River are listed on the TSX Venture Exchange under the symbol "SAL". For further information see our website at www.salmonriverresources.com.
On behalf of the Board of Directors of SALMON RIVER RESOURCES LTD.
J.G. Stewart, President
http://www.marketwire.com/press-release/salmon-river-increas…
Antwort auf Beitrag Nr.: 42.328.708 von rotie1 am 10.11.11 00:10:08thx. dir auch gute nacht.
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Antwort auf Beitrag Nr.: 42.328.665 von Hanfy am 09.11.11 23:50:12OK, danke für die Infos.
Gute Nacht!
Gute Nacht!
Antwort auf Beitrag Nr.: 42.328.636 von rotie1 am 09.11.11 23:39:59hab von mike noch keine antwort. wenn NKL im september verkauft wurde, dann zu einem höheren kurs als zur zeit. der cashbestand oder die ausgaben in form von neuinvests oder gehältern haben sich auch nicht erhöht. frage mich wo die 3,5 mio cad hin sind 
und NCU wurde vor dem großen fall auf 20c zwischen 2 und 3 cad verkauft. dass der kurs danach auf 5 cad gestiegen ist, ist ein anderer schnack. hatten wir aber schonmal..
und NCU wurde vor dem großen fall auf 20c zwischen 2 und 3 cad verkauft. dass der kurs danach auf 5 cad gestiegen ist, ist ein anderer schnack. hatten wir aber schonmal..
Zitat von Hanfy: gute frage. hab gerade mal mr. rodger angeschrieben. poste sobald ich ne antwort hab..
Also, wenn die NKL/PP verkauft haben, zweifele ich aber am Verstand der Verantwortlichen (es sei denn, sie kaufen sie günstiger wieder oder sie brauchten das Geld, weil Woulfe bald steigen wird)!
Aus dem Desaster um Nevada Copper (Verkauf vor Mega-Anstieg) sollten sie doch gelernt haben.
habe die liste mal aktualisiert, ist recht kurz geworden:
wenn man sich das Q3-portfolio anschaut, ist WOF momentan der aussichtsreichste wert darin, mit einer geplanten feasibility im jan. 2012, produktion ab ende 2012.
SAL sieht nach der angekündigten übernahme durch die chinesen auch gut aus (siehe letzte news). bei WOF wird noch gesammelt und es stehen bis mitte dezember noch einige mio 12c-warrants aus.
aus der letzten WOF-präsentation. am peak stand WOF/OTL bei 3,70 cad (3):
wenn man sich das Q3-portfolio anschaut, ist WOF momentan der aussichtsreichste wert darin, mit einer geplanten feasibility im jan. 2012, produktion ab ende 2012.
SAL sieht nach der angekündigten übernahme durch die chinesen auch gut aus (siehe letzte news). bei WOF wird noch gesammelt und es stehen bis mitte dezember noch einige mio 12c-warrants aus.
aus der letzten WOF-präsentation. am peak stand WOF/OTL bei 3,70 cad (3):
Also ob Prophecy die beste Anlage war weiß ich nicht,die sind ganz schön hochgepuscht worden! aber was ist mit Cue oder Teslin,man kann ja leider nicht hinter die Kulissen schauen und Woulfe wird wohl bald zum Sprung ansetzen. Ich hab noch Hoffnung für den Laden!!
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