Resinco CP (RIN.TO) - Neustart mit langfristiger Erfolgsaussicht (Seite 157)
eröffnet am 01.12.09 20:52:14 von
neuester Beitrag 22.06.22 14:22:44 von
neuester Beitrag 22.06.22 14:22:44 von
Beiträge: 2.076
ID: 1.154.579
ID: 1.154.579
Aufrufe heute: 0
Gesamt: 238.945
Gesamt: 238.945
Aktive User: 0
ISIN: CA73108T1049 · WKN: A3D9T1 · Symbol: POLE
0,0100
CAD
-75,00 %
-0,0300 CAD
Letzter Kurs 22.02.24 CSE
Neuigkeiten
Werte aus der Branche Finanzdienstleistungen
Wertpapier | Kurs | Perf. % |
---|---|---|
1,9500 | +21,88 | |
15,000 | +15,38 | |
4,2700 | +12,07 | |
2,8200 | +11,90 | |
27,50 | +11,56 |
Wertpapier | Kurs | Perf. % |
---|---|---|
24,950 | -6,52 | |
9,1234 | -7,28 | |
10,490 | -8,13 | |
0,7500 | -24,24 | |
2,4500 | -36,53 |
Beitrag zu dieser Diskussion schreiben
Source Exploration Corp. Completes $1,600,000 Non-Brokered Private Placement
THUNDER BAY, ONTARIO--(Marketwire - Nov. 8, 2010) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
SOURCE EXPLORATION CORP. (the "Corporation" or "Source") (TSX VENTURE:SOP) is pleased to announce the closing on November 5, 2010 of its previously announced non-brokered private placement of 8,000,000 units (the "Units") at a price of $0.20 per Unit for gross proceeds of $1,600,000 (the "Offering"). The Offering was originally announced on October 13, 2010 and, due to demand, was increased in size, as announced on October 14, 2010.
Each Unit consists of one common share of Source and one-half of one transferable common share purchase warrant (each whole warrant a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional common share of Source at a price of $0.35 at any time until May 4, 2012, provided that if the closing price of the common shares of Source on the TSX Venture Exchange is equal to or greater than $0.45 per common share for a period of twenty consecutive trading days at any time after four months and one day after the closing date of the Offering, Source may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the tenth day after the date on which such notice is given by Source (the "Acceleration Provision").
The Corporation paid finder's fees in the amount of $32,000 and issued 162,500 non-transferable finder's warrants (the "Finder's Warrants") to various arm's length parties in connection with the Offering. Each Finder's Warrant entitles the holder thereof to purchase one additional common share at an exercise price of $0.30 per share until May 4, 2012, subject to the Acceleration Provision.
All the shares issued in Offering and any resulting shares issued upon the exercise of any warrants will be subject to a hold period expiring on March 6, 2011.
Source plans to use the net proceeds from the sale of the Units to fund the Company's exploration program at its Mexico properties and for general working capital purposes.
About Source Exploration
Source Exploration is a Canadian based mineral exploration company focused on the evaluation, acquisition and development of economic gold and silver deposits in Mexico.
http://www.marketwire.com/press-release/Source-Exploration-C…
THUNDER BAY, ONTARIO--(Marketwire - Nov. 8, 2010) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
SOURCE EXPLORATION CORP. (the "Corporation" or "Source") (TSX VENTURE:SOP) is pleased to announce the closing on November 5, 2010 of its previously announced non-brokered private placement of 8,000,000 units (the "Units") at a price of $0.20 per Unit for gross proceeds of $1,600,000 (the "Offering"). The Offering was originally announced on October 13, 2010 and, due to demand, was increased in size, as announced on October 14, 2010.
Each Unit consists of one common share of Source and one-half of one transferable common share purchase warrant (each whole warrant a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional common share of Source at a price of $0.35 at any time until May 4, 2012, provided that if the closing price of the common shares of Source on the TSX Venture Exchange is equal to or greater than $0.45 per common share for a period of twenty consecutive trading days at any time after four months and one day after the closing date of the Offering, Source may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the tenth day after the date on which such notice is given by Source (the "Acceleration Provision").
The Corporation paid finder's fees in the amount of $32,000 and issued 162,500 non-transferable finder's warrants (the "Finder's Warrants") to various arm's length parties in connection with the Offering. Each Finder's Warrant entitles the holder thereof to purchase one additional common share at an exercise price of $0.30 per share until May 4, 2012, subject to the Acceleration Provision.
All the shares issued in Offering and any resulting shares issued upon the exercise of any warrants will be subject to a hold period expiring on March 6, 2011.
Source plans to use the net proceeds from the sale of the Units to fund the Company's exploration program at its Mexico properties and for general working capital purposes.
About Source Exploration
Source Exploration is a Canadian based mineral exploration company focused on the evaluation, acquisition and development of economic gold and silver deposits in Mexico.
http://www.marketwire.com/press-release/Source-Exploration-C…
Antwort auf Beitrag Nr.: 40.474.872 von Hanfy am 08.11.10 14:17:30NKL.V
Pacific Coast to option 70% of Las Aguilas from Marifil
2010-11-08 04:52 ET - News Release
Mr. James Walchuck reports
PACIFIC COAST ANNOUNCES LAS AGUILAS OPTION AGREEMENT
Pacific Coast Nickel Corp. has entered into a letter agreement with Marifil Mines Ltd. with an option to acquire a 70-per-cent interest in the Las Aguilas nickel-copper-PGM (platinum group metals) property located in San Luis province, Argentina.
Jim Walchuck, president of Pacific Coast, said: "The company has been seeking a property which would increase shareholder value for many months. The mandate was to seek out a property which not only had resources but also had the potential to be expanded. The Las Aguilas property is a perfect fit, and we believe that increased shareholder value will be demonstrated in the short term and long term with the development of this asset. This is an exciting prospect for the company."
The Las Aguilas property is located in San Luis province, central Argentina, approximately 730 kilometres west-northwest of Buenos Aires, and 30 kilometres northeast of San Luis, the province capital.
Marifil has reported that the Las Aguilas deposit contains a historic resource of 2.2 million tonnes grading about 0.52 per cent nickel, 0.50 per cent copper, 0.04 per cent cobalt and significant amounts of platinum group elements (this is not a National Instrument 43-101-compliant resource estimate). This resource was calculated from 10,000 metres of diamond drilling between 1970 and 1984.
The resources are categorized as historic estimates and have not been reviewed or verified under National Instrument 43-101. However, the company believes that the property has the potential to add significant additional nickel mineralization. The historic exploration data were developed by the Argentine government agency Fabricaciones Militares which conducted an exploration program in the area.
Additional drilling was conducted by a former partner of the property in 2007 and 2008, which is anticipated to expand the historic resource estimate significantly.
The agreement with Marifil provides for payments and work commitments as follows:
The agreement also provides for Pacific Coast to earn an additional 11 per cent (bringing the interest to 60 per cent) for preparation of a prefeasibility study and issue of one million shares and payment of $100,000 on or before April 1, 2015, and a further 10 per cent (bringing the total interest to 70 per cent) for completion of a feasibility study before April 15, 2016.
The agreement also provides for granting of a 3-per-cent NSR (net smelter royalty) to Marifil of which 0.5 per cent can be purchased for $1-million and Pacific Coast retains the option of buying Marifil's 30 per cent for $5-million.
Murray McClaren, PGeo, is the qualified person under National Instrument 43-101 who has approved the technical content of this news release.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:NKL-1776476…
2010-11-08 04:52 ET - News Release
Mr. James Walchuck reports
PACIFIC COAST ANNOUNCES LAS AGUILAS OPTION AGREEMENT
Pacific Coast Nickel Corp. has entered into a letter agreement with Marifil Mines Ltd. with an option to acquire a 70-per-cent interest in the Las Aguilas nickel-copper-PGM (platinum group metals) property located in San Luis province, Argentina.
Jim Walchuck, president of Pacific Coast, said: "The company has been seeking a property which would increase shareholder value for many months. The mandate was to seek out a property which not only had resources but also had the potential to be expanded. The Las Aguilas property is a perfect fit, and we believe that increased shareholder value will be demonstrated in the short term and long term with the development of this asset. This is an exciting prospect for the company."
The Las Aguilas property is located in San Luis province, central Argentina, approximately 730 kilometres west-northwest of Buenos Aires, and 30 kilometres northeast of San Luis, the province capital.
Marifil has reported that the Las Aguilas deposit contains a historic resource of 2.2 million tonnes grading about 0.52 per cent nickel, 0.50 per cent copper, 0.04 per cent cobalt and significant amounts of platinum group elements (this is not a National Instrument 43-101-compliant resource estimate). This resource was calculated from 10,000 metres of diamond drilling between 1970 and 1984.
The resources are categorized as historic estimates and have not been reviewed or verified under National Instrument 43-101. However, the company believes that the property has the potential to add significant additional nickel mineralization. The historic exploration data were developed by the Argentine government agency Fabricaciones Militares which conducted an exploration program in the area.
Additional drilling was conducted by a former partner of the property in 2007 and 2008, which is anticipated to expand the historic resource estimate significantly.
The agreement with Marifil provides for payments and work commitments as follows:
* To earn a 49-per-cent interest in the property:
*
o Cash and shares
o
+ $25,000 upon signing and 250,000 shares on approval of the TSX Venture Exchange;
+ $75,000 and 250,000 shares on or before April 1, 2012;
+ $100,000 and 250,000 shares on or before April 1, 2013, $100,000 and 250,000 shares on or before April 1, 2014.
o Work commitments
o
+ On or before April 1, 2012, complete a resource estimate based on work completed to date;
+ On or before April 1, 2013, incur $500,000 in exploration expenditures;
+ On or before April 1, 2014, incur $500,000 in exploration expenditures;
+ On or before April 1, 2015, incur $1-million in exploration expenditures.
The agreement also provides for Pacific Coast to earn an additional 11 per cent (bringing the interest to 60 per cent) for preparation of a prefeasibility study and issue of one million shares and payment of $100,000 on or before April 1, 2015, and a further 10 per cent (bringing the total interest to 70 per cent) for completion of a feasibility study before April 15, 2016.
The agreement also provides for granting of a 3-per-cent NSR (net smelter royalty) to Marifil of which 0.5 per cent can be purchased for $1-million and Pacific Coast retains the option of buying Marifil's 30 per cent for $5-million.
Murray McClaren, PGeo, is the qualified person under National Instrument 43-101 who has approved the technical content of this news release.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:NKL-1776476…
Antwort auf Beitrag Nr.: 40.469.004 von Ikar am 06.11.10 19:02:57...und preis für U308 zieht weiter an....
akt.....usd 53,50 lb
akt.....usd 53,50 lb
pinetree und Sheldon
http://canadianinsider.com/coReport/allTransactions.php?tick…
http://canadianinsider.com/coReport/allTransactions.php?tick…
SOURCE EXPLORATION CORP. ("SOP")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 5, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect
to a Non-Brokered Private Placement announced October 13, 2010 and
October 14, 2010:
Number of Shares: 8,000,000 shares
Purchase Price: $0.20 per share
Warrants: 4,000,000 share purchase warrants to
purchase 4,000,000 shares
Warrant Exercise Price: $0.35 for an 18 month period. The warrants
have an acceleration provision such that
if the closing price of the Company's
shares is equal to or greater than $0.45
per share for a period of 20 consecutive
trading days any time after four months
and one day after closing, then the
Company may accelerate the expiry date by
giving notice that that warrants will
expire of the 10th day after such notice
was given.
Number of Placees: 71 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
H. Alexander Rowlands P 70,833
Grant Beasley P 70,833
Jason Baibokas P 70,833
Gordon Fernandes P 70,833
Yvonne Lawson P 70,833
Doug Van Peteghem P 70,833
Slapco Holdings Inc.
(Earle McMaster) P 70,833
John Jentz P 70,833
Mark Styles P 70,833
Christine Cappucciti P 27,916
John Conti P 27,917
Paulette Darcy P 15,000
Christos Doulis P 20,000
Shuan Drake Y 50,000
Graham Moore P 125,000
MRC Holdings Ltd. (Marion Nelson) P 25,000
Brian Ernest Robertson Y 75,000
Abraham P. Drost Y 50,000
Dane Charles Hatton P 125,000
Rahim Kassim-Lakha P 60,000
Richard Vernon P 100,000
Carrie Clark P 25,000
Steven Filipovic Y 100,000
Ewan S. Downie Y 75,000
Finders' Fees: Stonecap Securities Inc. receives $10,000
and 50,000 non-transferable warrants, each
exercisable for one share at a price of
$0.30 for an 18 month period, subject to
the acceleration provision above.
Jennings Capital Inc. receives $10,000 and
50,000 non-transferable warrants, each
exercisable for one share at a price of
$0.30 for an 18 month period, subject to
the acceleration provision above.
Axemen Resource Capital Ltd. receives
$10,000 and 50,000 non-transferable
warrants, each exercisable for one share
at a price of $0.30 for an 18 month
period, subject to the acceleration
provision above.
Canaccord Genuity Corp. receives 12,500
non-transferable warrants, each
exercisable for one share at a price of
$0.30 for an 18 month period, subject to
the acceleration provision above.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private
placement and setting out the expiry dates of the hold period(s). The
Company must also issue a news release if the private placement does not
close promptly. (Note that in certain circumstances the Exchange may
later extend the expiry date of the warrants, if they are less than the
maximum permitted term.)
http://www.marketwire.com/press-release/TSX-Venture-Exchange…
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 5, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect
to a Non-Brokered Private Placement announced October 13, 2010 and
October 14, 2010:
Number of Shares: 8,000,000 shares
Purchase Price: $0.20 per share
Warrants: 4,000,000 share purchase warrants to
purchase 4,000,000 shares
Warrant Exercise Price: $0.35 for an 18 month period. The warrants
have an acceleration provision such that
if the closing price of the Company's
shares is equal to or greater than $0.45
per share for a period of 20 consecutive
trading days any time after four months
and one day after closing, then the
Company may accelerate the expiry date by
giving notice that that warrants will
expire of the 10th day after such notice
was given.
Number of Placees: 71 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
H. Alexander Rowlands P 70,833
Grant Beasley P 70,833
Jason Baibokas P 70,833
Gordon Fernandes P 70,833
Yvonne Lawson P 70,833
Doug Van Peteghem P 70,833
Slapco Holdings Inc.
(Earle McMaster) P 70,833
John Jentz P 70,833
Mark Styles P 70,833
Christine Cappucciti P 27,916
John Conti P 27,917
Paulette Darcy P 15,000
Christos Doulis P 20,000
Shuan Drake Y 50,000
Graham Moore P 125,000
MRC Holdings Ltd. (Marion Nelson) P 25,000
Brian Ernest Robertson Y 75,000
Abraham P. Drost Y 50,000
Dane Charles Hatton P 125,000
Rahim Kassim-Lakha P 60,000
Richard Vernon P 100,000
Carrie Clark P 25,000
Steven Filipovic Y 100,000
Ewan S. Downie Y 75,000
Finders' Fees: Stonecap Securities Inc. receives $10,000
and 50,000 non-transferable warrants, each
exercisable for one share at a price of
$0.30 for an 18 month period, subject to
the acceleration provision above.
Jennings Capital Inc. receives $10,000 and
50,000 non-transferable warrants, each
exercisable for one share at a price of
$0.30 for an 18 month period, subject to
the acceleration provision above.
Axemen Resource Capital Ltd. receives
$10,000 and 50,000 non-transferable
warrants, each exercisable for one share
at a price of $0.30 for an 18 month
period, subject to the acceleration
provision above.
Canaccord Genuity Corp. receives 12,500
non-transferable warrants, each
exercisable for one share at a price of
$0.30 for an 18 month period, subject to
the acceleration provision above.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private
placement and setting out the expiry dates of the hold period(s). The
Company must also issue a news release if the private placement does not
close promptly. (Note that in certain circumstances the Exchange may
later extend the expiry date of the warrants, if they are less than the
maximum permitted term.)
http://www.marketwire.com/press-release/TSX-Venture-Exchange…
Cue amends private placement originally announced on August 4
Vancouver, British Columbia CANADA, November 05, 2010 /FSC/ - Cue Resources Ltd. (CUE - TSX Venture),
The private placement announced by Cue Resources Ltd. ("Cue") on August 4, 2010 has been amended and increased to consist of a non-brokered private placement of 39,418,143 Units to be issued at a price of $0.07 per Unit for gross proceeds of $2,759,270. The placement is expected to close in the week of November 8th, 2010.
The amended size and terms follow a greater than anticipated interest in the placement demonstrated by different investment groups.
Each Unit being placed will consist of one common share and one share purchase warrant (the "Warrants") with each whole Warrant providing the holder with the right to acquire an additional common share of Cue at a price of $0.12 per share for a period of two years following the date of issuance of the Unit. The Warrants are subject to an early acceleration provision which provides for a mandatory exercise or the expiry of the Warrants in the event Cue's shares trade for a period of 20 trading days at a price greater than $0.24 per share on notice to the Warrant holders.
Finder's fees are payable equal to 8% in cash and where permitted 8% broker options to parties assisting Cue with the placement of Units. The broker options will be exercisable to purchase Units of Cue at a price of $0.07 which Units will have the same rights and restrictions as the Units of the private placement.
The funds provided to Cue from the financing will be used to advance the development of Cue's Yuty Uranium Project located in Paraguay and for general working capital.
The private placement is subject to prior TSX Venture Exchange approval.
CUE RESOURCES LTD.
Robert S. Tyson
President and Chief Executive Officer
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=16308
Vancouver, British Columbia CANADA, November 05, 2010 /FSC/ - Cue Resources Ltd. (CUE - TSX Venture),
The private placement announced by Cue Resources Ltd. ("Cue") on August 4, 2010 has been amended and increased to consist of a non-brokered private placement of 39,418,143 Units to be issued at a price of $0.07 per Unit for gross proceeds of $2,759,270. The placement is expected to close in the week of November 8th, 2010.
The amended size and terms follow a greater than anticipated interest in the placement demonstrated by different investment groups.
Each Unit being placed will consist of one common share and one share purchase warrant (the "Warrants") with each whole Warrant providing the holder with the right to acquire an additional common share of Cue at a price of $0.12 per share for a period of two years following the date of issuance of the Unit. The Warrants are subject to an early acceleration provision which provides for a mandatory exercise or the expiry of the Warrants in the event Cue's shares trade for a period of 20 trading days at a price greater than $0.24 per share on notice to the Warrant holders.
Finder's fees are payable equal to 8% in cash and where permitted 8% broker options to parties assisting Cue with the placement of Units. The broker options will be exercisable to purchase Units of Cue at a price of $0.07 which Units will have the same rights and restrictions as the Units of the private placement.
The funds provided to Cue from the financing will be used to advance the development of Cue's Yuty Uranium Project located in Paraguay and for general working capital.
The private placement is subject to prior TSX Venture Exchange approval.
CUE RESOURCES LTD.
Robert S. Tyson
President and Chief Executive Officer
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=16308
Antwort auf Beitrag Nr.: 40.455.719 von Hanfy am 04.11.10 16:48:58... und das sicher nicht ohne Grund.
WOF wird RIN bestimmt mit hochziehen.
WOF wird RIN bestimmt mit hochziehen.
das RIN board kauft weiter bei WOF ein..
Woulfe Mining Corp. (WOF)
As of November 3rd, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Nov 03/10 Sep 01/10 Poulus, Alexander Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.100
Nov 03/10 Jun 24/10 Poulus, Alexander Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.100
Nov 03/10 Jun 09/09 Poulus, Alexander Direct Ownership Common Shares 00 - Opening Balance-Initial SEDI Report
Nov 03/10 Nov 03/10 Icke, John Robert Direct Ownership Common Shares 10 - Acquisition in the public market 150,000 $0.135
Nov 02/10 Nov 02/10 Icke, John Robert Direct Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.135
Nov 02/10 Jan 07/08 Icke, John Robert Direct Ownership Common Shares 00 - Opening Balance-Initial SEDI Report
Oct 15/10 Oct 15/10 Constable, David Wayne Direct Ownership Options 50 - Grant of options 250,000 $0.110
Oct 15/10 Oct 01/10 Constable, David Wayne Direct Ownership Options 00 - Opening Balance-Initial SEDI Report
Oct 08/10 Oct 01/10 Gelmon, Mark Direct Ownership Options 50 - Grant of options 200,000 $0.110
http://canadianinsider.com/coReport/allTransactions.php?tick…
Woulfe Mining Corp. (WOF)
As of November 3rd, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Nov 03/10 Sep 01/10 Poulus, Alexander Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.100
Nov 03/10 Jun 24/10 Poulus, Alexander Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.100
Nov 03/10 Jun 09/09 Poulus, Alexander Direct Ownership Common Shares 00 - Opening Balance-Initial SEDI Report
Nov 03/10 Nov 03/10 Icke, John Robert Direct Ownership Common Shares 10 - Acquisition in the public market 150,000 $0.135
Nov 02/10 Nov 02/10 Icke, John Robert Direct Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.135
Nov 02/10 Jan 07/08 Icke, John Robert Direct Ownership Common Shares 00 - Opening Balance-Initial SEDI Report
Oct 15/10 Oct 15/10 Constable, David Wayne Direct Ownership Options 50 - Grant of options 250,000 $0.110
Oct 15/10 Oct 01/10 Constable, David Wayne Direct Ownership Options 00 - Opening Balance-Initial SEDI Report
Oct 08/10 Oct 01/10 Gelmon, Mark Direct Ownership Options 50 - Grant of options 200,000 $0.110
http://canadianinsider.com/coReport/allTransactions.php?tick…
Woulfe Mining's Sangdong drilling program extended and drilling equipment on site
Vancouver, British Columbia CANADA, November 04, 2010 /FSC/ - Woulfe Mining Corp. (WOF - TSX Venture), ("Woulfe" or the "Company") announced today that drilling equipment is now on site at Sangdong to conduct the planned drill program which has been extended from the original plan of 3,600 metres to 5,000 metres. Over the last year at Sangdong the Company has acquired a mine development licence, reopened the mine, repaired and cleaned out over 600 metres of tunnels, and has established two drill platforms in preparation for this work.
Services have been installed such as compressed air and a compressor commissioned at the adit to support drilling operations and any further remedial work. The first of the small compact diamond drilling machines are now on site after delivery from South Africa. Woulfe is recruiting and training its own Korean drilling teams as the cost per metre is very competitive utilizing local labour.
The planned drilling program has been increased from 3,600 metres to 5,000 metres since it is considered more efficient to drill deeper holes than establish new drill sites. To accelerate this program the Company will have a further two diamond drills delivered from South Africa.
INFILL DRILLING
The aim is to drill the upper area of the mine to assess the quality of the over 800 historical diamond drill holes drilled into the deposit.
Drilling program specifics:
-***-
------------------------------
Parameters Value
------------------------------
Number of holes 38
Total metres 5039
Maximum dip 64 degrees
Minimum dip -63 degrees
Average length 133 m
Minimum length 40 m
Maximum length 230 m
Total up holes 27
Total down holes 11
------------------------------
-****-
On Behalf of the Board of Directors
Woulfe Mining Corp.
"Brian Wesson"
Brian Wesson
President, CEO and Director
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=16297
Vancouver, British Columbia CANADA, November 04, 2010 /FSC/ - Woulfe Mining Corp. (WOF - TSX Venture), ("Woulfe" or the "Company") announced today that drilling equipment is now on site at Sangdong to conduct the planned drill program which has been extended from the original plan of 3,600 metres to 5,000 metres. Over the last year at Sangdong the Company has acquired a mine development licence, reopened the mine, repaired and cleaned out over 600 metres of tunnels, and has established two drill platforms in preparation for this work.
Services have been installed such as compressed air and a compressor commissioned at the adit to support drilling operations and any further remedial work. The first of the small compact diamond drilling machines are now on site after delivery from South Africa. Woulfe is recruiting and training its own Korean drilling teams as the cost per metre is very competitive utilizing local labour.
The planned drilling program has been increased from 3,600 metres to 5,000 metres since it is considered more efficient to drill deeper holes than establish new drill sites. To accelerate this program the Company will have a further two diamond drills delivered from South Africa.
INFILL DRILLING
The aim is to drill the upper area of the mine to assess the quality of the over 800 historical diamond drill holes drilled into the deposit.
Drilling program specifics:
-***-
------------------------------
Parameters Value
------------------------------
Number of holes 38
Total metres 5039
Maximum dip 64 degrees
Minimum dip -63 degrees
Average length 133 m
Minimum length 40 m
Maximum length 230 m
Total up holes 27
Total down holes 11
------------------------------
-****-
On Behalf of the Board of Directors
Woulfe Mining Corp.
"Brian Wesson"
Brian Wesson
President, CEO and Director
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=16297