Woulfe Mining (Wolfram, Molybden, Gold)

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21.01.14 17:13
1

161 Postings, 4973 Tage InverseVolumen passt dazu

Zumindest Volumen heute passt das, wird sicher bald was kommen.

inverse  

22.01.14 21:52

250 Postings, 5571 Tage k0k0k0jo

mal schauen, bei der alten Meldung waren es 80 billion won. Bin gespannt.

Bei stockhouse hat jemand noch eine Interessante Info von einer Investoren Konferenz in Vancouver gepostet

http://www.stockhouse.com/companies/bullboard/...corp?postid=22118780

bin mir bei solchen posts aber immer nicht so sicher, ob das glaubwürdig ist.

-----------
"The Federal Reserve is No More 'Federal' Than Federal Express" - Dennis Kucinich

23.01.14 12:24

250 Postings, 5571 Tage k0k0k0$350,000 Unsecured Convertible loan

http://finance.yahoo.com/news/...ning-arranges-350-000-234346994.html

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 22, 2014) - Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(WFEMF)(OZ4.F) announces that Dundee Corporation ("Dundee") has agreed to lend $350,000 to the Company (the "Loan"). The Loan will be unsecured and bear interest at a rate of 12% per annum compounded annually, maturing on the date which is one year from advancement. The principal of the Loan shall be convertible, during the Loan term, at the option of Dundee, into units (each a "Unit") at a price of $0.115 per Unit. Each Unit will consist of one common share and one share purchase warrant, exercisable at $0.12 per share for a period of the lesser of (i) five years from the date the Loan is advanced and (ii) 36 months following the date of conversion.

At the option of either of Woulfe or Dundee, interest payable upon the Loan may be convertible into units (each an "Interest Unit") at a conversion price equal to the Market Price (as defined in the TSX Venture Exchange Corporate Finance Manual) of the Company's common shares on the interest conversion date (the "Interest Conversion Price"). Each Interest Unit will comprise one common share and one share purchase warrant (each an "Interest Warrant"). Each Interest Warrant will entitle the holder to acquire one additional common share at the Interest Conversion Price for a period of the lesser of (i) five years following the date the Loan is advanced and (ii) 36 months from the date of conversion.

The Loan is subject to the approval of the TSX Venture Exchange.

The Loan will constitute a related party transaction under Multilateral Instrument 61-101 ("MI 61-101") as Dundee Corporation is a significant shareholder of the Company holding 53,317,500 common shares, representing 15.28% of the Company's outstanding shares. Dundee also holds 21,057,500 warrants of the Company, which if exercised, when added to Dundee's existing shareholdings, would represent 20.22% of the Company's common shares on a partially diluted basis.

The Company has determined that distribution of an information circular to shareholders, preparation and distribution of a formal valuation and seeking of shareholder approval of the loan is not necessary under MI 61-101 (including TSX-V policy 5.9 which incorporates such policy by reference) as the Company intends to rely on the exemptions found in sections 5.5(1)(a) and 5.7(1)(a) of MI 61-101. The aggregate principal amount of the Loan represents less than 1% of the Company's market capitalization.

All of the disinterested directors of the Company, being all of the directors other than Mr. Ned Goodman, approved the Loan.

On Behalf of the Board of Directors

Woulfe Mining Corp.

Hubert Marleau, Interim Chief Executive Officer and Director

About Woulfe Mining Corp. Woulfe Mining Corp., through its wholly-owned subsidiary, Sangdong Mining Corporation, is dedicated to developing the Sangdong tungsten-molybdenum mine which was historically one of the largest tungsten mines in the world and one of the few long life, high-grade tungsten deposits located outside of China.

Woulfe Mining Corp. is a TSX-V listed company.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:
Woulfe Mining Corp.
Hubert Marleau
Interim Chief Executive Officer and Director
1-343-370-1943
+1 604 684 6242
hmarleau1@gmail.com
www.woulfemining.com
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"The Federal Reserve is No More 'Federal' Than Federal Express" - Dennis Kucinich

24.01.14 18:57
1

161 Postings, 4973 Tage InverseBridge Loan

Ich denke/hoffe  die 300k sind nur ein Bridge Loan bis die größere Menge kommt,auch das Volumen spricht dafür. In den letzten Tagen sind ca 4mio Aktien verkauft bzw gekauft worden was ca 400000 can$ entspricht.

Mal sehen wer das bessere Geschäft macht der Käufer oder der Verkäufer wobei ich auch für mich hoffe das der Käufer die Nase vorn.
Zumindest könnte es sich bei der Sojong News weiterhin um Woulfe handeln.
Inverse  

25.01.14 11:26

250 Postings, 5571 Tage k0k0k0bridge loan

wollen wir es mal hoffen, dass es so ist.
-----------
"The Federal Reserve is No More 'Federal' Than Federal Express" - Dennis Kucinich

31.01.14 13:20

230 Postings, 5367 Tage 7Löwe7...wieder ein Lebenszeichen:-)

http://tungsteninvestingnews.com/...e-mining-aims-to-list-on-cse.html

Tungsten?s former golden child is showing some signs of life.

South Korea-focused Woulfe Mining (TSXV:WOF) has arranged a $4-million non-brokered private placement in principal amount of convertible unsecured subordinated debentures at a price of $1,000 per debenture. Woulfe plans to use the funds to complete the proposed $6.0 million work program on the Sangdong project, located in South Korea, which will include diamond drilling to better define the ore body on the project, as well as additional work on mine design, mining method selection, metallurgical process design, and much de-risking of other technical aspects of the project.

While the market hasn?t welcomed the news of the financing terribly well ? Woulfe Mining closed at $0.115 per share, down 11.54 percent ? investors might be interested to note that the company has also applied for a listing on the Canadian Securities Exchange (CSE), formerly the Canadian National Stock Exchange.


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Known as the ?exchange for entrepreneurs,? the CSE  is aimed at making it easier for entrepreneurs to enter the costly capital markets. One of the big investors in the exchange is Ned Goodman, CEO and president of Dundee Capital Markets, who completed his investment through Dundee in September 2013. Mr. Goodman was also appointed to the exchange?s Board of Directors.

As to how this relates to Woulfe Mining, investors familiar with the tungsten company will know that in February 2013, Mr. Goodman joined Woulfe?s Board of Directors. With Woulfe?s application in for a listing on the CSE, one can hope that the revamped exchange will be the answer the company needs to rise up from the ashes of 2013.

As investors, we often hear that the key to success with investing in junior resource companies is people. Having the right people ? technical teams, management teams, financial advisers ? backing a company can mean the difference between success and failure. As such, it is important to monitor influential players in these free markets.

 

01.02.14 17:53

230 Postings, 5367 Tage 7Löwe7Status Report!

Wolf Minerals Status Report Jan 31
http://www.wolfminerals.com.au

 

01.02.14 18:01

230 Postings, 5367 Tage 7Löwe7....Hab mich in der Firma geirrt ...Entschuldigung

23.04.14 16:01

57 Postings, 5248 Tage DerMichael11wird der

heisse Glühdrat überhaupt noch etwas aushalten ?
oder vll. gegen LED's getauscht?

...man höhrt ja noch kaum etwas, von dem Überflieger der vergangenen Jahre

netten Gruß vom Michel  

24.06.14 21:25

247 Postings, 6601 Tage drmiraculix..

Gibt es was neues? Weiß jemand was ?  

10.08.14 15:13

250 Postings, 5571 Tage k0k0k0@drmiraculix



nix, alle docs sind hier http://www.cnsx.ca/CNSX/Securities/Mining/Woulfe-Mining-Corp.aspx
die letzten News sind absolut nichtssagend.
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"The Federal Reserve is No More 'Federal' Than Federal Express" - Dennis Kucinich

19.08.14 12:17

748 Postings, 5869 Tage Flocke77Ein bisl Leselektüre

....um die lange Zeit bis Jahresende etwas zu überbrücken :-)

zu # 660......so schnell wird hier nichts passieren, zumindest nicht vor Jahresende, denn dann soll der für die Finanzierung wichtige überarbeitete Ressourcenbericht erst fertig sein.

Also lesen und entspannt bis Jahresende zurücklehnen.

http://www.miningscout.de/kolumnen/2014/05/15/...die-zeit-wird-knapp/

http://www.miningscout.de/kolumnen/2014/06/20/wolfram-bald-im-defizit/

Gruß Flocke



 

15.10.14 16:06
1

230 Postings, 5367 Tage 7Löwe7:-)

NEWS - Revised Mineral Resource


Woulfe Mining Announces a Revised Mineral Resource Estimate for its Sangdong Tungsten Project

Wednesday, October 15, 2014

 

Woulfe Mining Announces a Revised Mineral Resource Estimate for its Sangdong Tungsten Project

09:30 EDT Wednesday, October 15, 2014


VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 15, 2014) - Woulfe Mining Corp. ("Woulfe" or the "Company") (CSE:WOF)(FRANKFURT:OZ4) - Woulfe announces a revised Mineral Resource Estimate for its Sangdong Tungsten Project. The Company determined, after a detailed review during the calendar year 2013 (See News Releases dated May 17, 2013 and October 28, 2013) that it was urgent and necessary to reassess and de-risk the 2012 TetraTech Feasibility Study of the Sangdong Project.

To this end, the Company embarked on an additional Phase 5, closely-spaced grid drilling program, which started in April 2014 and was completed in August 2014. The recent drilling program added 11,340 meters of resource definition drilling to the data available for the 2012 TetraTech Feasibility Study. In addition to the drilling program, an important and necessary geotechnical study was carried out by Turner Mining and Geotechnical Pty Ltd. during June and July 2014, using a database that increased from 22 to over 400 geotechnically-logged boreholes. The 2014 drilling program, combined with an enhanced geotechnical database, provides satisfactory input for the completion of a revised Feasibility Study which is currently being prepared for the Company and which is expected to be released by the end of calendar 2014.

Woulfe commissioned AMC Consultants Pty Ltd. of Melbourne, Australia ("AMC") in August 2014 to undertake a Mineral Resource Update to be reported in accordance with Canadian National Instrument 43-101 for the Sangdong Tungsten Property. This study was based on the additional available data.

The AMC Report details a Mineral Resource estimate carried out by independent Qualifed Person, Dr. Andrew Fowler MAusIMM (CP). The Mineral Resource estimate complies with NI 43-101 and is in line with industry good practice as defined in the Canadian Institute of Mining and Metallurgy and Petroleum (CIM) Mineral Resource, Mineral Reserve Best Practice Guidelines (which is referenced by NI 43-101). The Mineral Resource was estimated using a block modeling approach in Datamine's ? dynamic anisotropy application.

The following table, extracted from the AMC Report, shows the Mineral Resource and metal content for the Sangdong Property as of September 15, 2014. The cut-off grade of 0.4% WO3 was provided by the Company and was based on an assumed mining method, production rate, metallurgical recovery and metal prices. AMC reviewed these assumptions and considered that they met the requirement of reasonable prospects of eventual economic extraction:

Mineral Resource estimate as of September 2014:

In Dr. Fowler's opinion, the geological data used to inform the Sangdong Property block model estimates above -3 level (594 mRL), were collected in line with industry good practice as defined in the Canadian Institute of Mining and Metallurgy and Petroleum (CIM) Exploration Best Practice Guidelines and the CIM Mineral Resource, Mineral Reserve Best Practice Guidelines. As such, the data are suitable for use in the estimation of Minerals Resources. There is inadequate documentation for the geological data below -3 level, which precludes an assessment of its quality. The resulting uncertainty in the location and/or grade below -3 level is reflected in the Mineral Resource classification.

AMC confirms Measured and Indicated Resources, prepared in accordance with NI 43-101, at the plus 0.4% cut-off grade, of 3.81 million tonnes at a grade of 0.56% WO3 containing 21,336 tonnes of metal. The AMC Report also reports substantially less Inferred Resources compared to the TetraTech Feasibility Study when using the same cut-off grade used by TetraTech, which was 0.15% WO3.

The 2012 TetraTech Feasibility Study produced mineral resource estimates at a cut-off grade of 0.15% WO3 based on a bulk mining approach contemplated at that time. By comparison, the AMC Report, having been delivered to the Company on October 3, 2014, uses a cut-off grade of 0.4% WO3 based on a more selective mining approach currently being considered.

The first phase of development of the Sangdong Property will be focused between Level -1 to the Taebaek Level which are three immediately reachable levels above a further 15 levels to be de-watered progressively after start-up of operations, which all represent reasonable prospects of eventual economic extraction.

In the AMC Report, which is expected to be available on SEDAR at www.sedar.com within 45 days, AMC recommends that Woulfe continue to investigate the lower levels down to -16 Level as the mine is progressively de-watered in the future, and to grid drill the thicker part of the Hanging Wall Mineralization from the -1 to Taebaek levels, which represents 75% of the inferred resources and contains widely spaced historic drill intersections containing plus 0.5% WO3 across ten plus meters. Grid drilling of the Hanging Wall Mineralization commenced in late September 2014 and is expected to finish during November 2014.

Woulfe is now developing a revised mining plan adapted to the Mineral Resource Model established by AMC. The new mining plan is anticipated to be substantially different from the 2012 TetraTech Feasibility Study.

The mining plan is expected to be completed by early November 2014 and will be an important building block in the finalization of the revised Feasibility Study expected to be completed by the end of calendar 2014.

The technical information disclosed in this press release was reviewed and approved by Mr. Andrew P. Fowler, AusIMM CP (Geo), Phd, of AMC, who is a "Qualified Person" as defined in NI 43-101.

On Behalf of the Board of Directors

Woulfe Mining Corp.

Michel Gaucher, CEO and Director

Read more at http://www.stockhouse.com/companies/bullboard/...#MfMH4vFf6lLjgdcH.99  

15.10.14 16:58

250 Postings, 5571 Tage k0k0k0news

yep! habe gerade ein bisschen nachgekauft.
-----------
"The Federal Reserve is No More 'Federal' Than Federal Express" - Dennis Kucinich

24.10.14 10:07

748 Postings, 5869 Tage Flocke77#663

Der Wolf lebt noch.....

Vom Hocker haut mich die Meldung nun jetzt nicht, denn die abgeleiteten Ressourcen sollen wesentlich geringer ausfallen, aber zumindest wird an dem Veröffentlichungszeitplan festgehalten. Ende des Jahres wissen wir mehr.
Fraglich ist nur, ob sich der Investor mit der Machbarkeitsstudie zufrieden gibt oder eben noch weiter gebohrt werden soll.



 

17.12.14 16:27

230 Postings, 5367 Tage 7Löwe7News

http://www.stockwatch.com/News/...2238727&symbol=WOF&region=C


Woulfe's Sangdong phase 1 NPV at $121-million (U.S.)

2014-12-17 09:39 ET - News Release



Mr. Michel Gaucher reports

WOULFE MINING CORP.: SANGDONG PROJECT UPDATE

Woulfe Mining Corp. is providing a shareholder update on the Sangdong tungsten project in the Republic of Korea.

Results of the latest financial model update are set out in the attached table.

             PHASE 1 (i) MINING PLAN OPTIONS FOR MINUS 1 TO TAEBAEK LEVELS
   (Using 65-per-cent tungsten trioxide concentrate price of $15,000 (U.S.) per tonne)
                                                                           
Annual mill feed production rate
(tonnes per year)                                      633,000 tpy               792,000 tpy
Annual revenue, WO3 concentrate (ii)          $46.6-million (U.S.)      $58.3-million (U.S.)
Earnings before interest, taxes,
depreciation and amortization -- annual       $23.6-million (U.S.)      $30.1-million (U.S.)
EBITDA per share                                         7.5 cents                 9.5 cents
Pretax internal rate of return                         36 per cent               39 per cent
Net present value at 8-per-cent
discount rate                                  $114-million (U.S.)       $121-million (U.S.)

All figures above are 75 per cent of total project values and attributable to Woulfe after
the transaction with International Metal working Companies BV (IMC).

Reserves included in phase 1                    6.4 million tonnes grading 0.49 per cent WO3
Annual production rate                              633,000 tonnes            792,000 tonnes
WO3 processing plant recovery rate                     85 per cent               85 per cent
Annual WO3 concentrate production                     4,139 tonnes              5,178 tonnes
Preproduction capital expenditures (iii)      $73.4-million (U.S.)      $78.4-million (U.S.)
Mine life                                                 10 years               Eight years

(i) Three levels out of 20 levels in phase 1.
(ii) No APT downstream minority revenue participation should have been included since
    February, 2012.
(iii) Capital expenditure using all new equipment, including processing equipment from
     China, and includes a 15-per-cent contingency.


The financial analysis uses part of the 2012 TetraTech Inc. reserves.

Woulfe Mining received the TetraTech feasibility study for the Sangdong project in mid-2012. Review of the TetraTech study in 2013 by significant shareholder Dundee Corp. has been followed, starting in May, 2014, by derisking critical elements of the project, involving:

Additional 7,200 metres of definition drilling and 470 geotechnically logged holes;
Phase 1 mining detailed resource model by AMC Consultants Pty. Ltd. -- September, 2014;
Highly detailed mining plan using targeted and selective mining methods -- November, 2014;
Substantially reduced capital expenditures from $151-million (U.S.) to $73.4-million (U.S.) and $78.4-million (U.S.), for the 633,000- and 792,000-tonne-per-year options, respectively, in processing plant and mining development.


Update

Phase 4 and 5 drilling programs totalling approximately 7,200 metres of diamond drilling increased the mineral resources confidence. This infill drilling was on 20 metres centres instead of on the previous 40 metre centres.

The TetraTech calculated Probable Reserve of 13.3-million tonnes at a grade of 0.425 % WO3 was for the entire deposit (for all 20 levels). In addition TetraTech included Inferred Resources in the HW Zone of 23.1-million tonnes at a grade of 0.66% WO3. A new NI 43-101 compliant resource block model and resource estimate for a section of the deposit above -3 level, was prepared to Feasibility Study accuracy for purposes of NI 43-101 by AMC Mining Consultants Pty. Ltd. of Australia ("AMC"). This was completed during the 3rd Quarter of 2014 and included Phases 4 and 5 drilling results. AMC's resource estimate included 3.81-million tonnes at a grade of 0.56% WO3 Measured and Indicated Resources & Inferred Resources in the HW Zone of 7.93-million tonnes at a grade of 0.68% WO3 (using a 0.40% WO3 cutoff grade).

During October, 2014, Woulfe commenced drilling the HW Zone above -1 level in a Phase 6 drilling program. The drilling by Woulfe so far has outlined Indicated Resources of 419,000 tonnes at a grade of 0.95% WO3 (using a 0.35% WO3 cutoff grade) undiluted, representing 6% of the total volume associated with the Inferred Resources above -3 level. The drill tested contained metal content therefore is substantially higher than predicted. Drilling continues with the aim of converting a further 3-million tonnes of Inferred Resources, above -3 level, to the Indicated Resources category, by early 2015.

Rock mechanics and stope design analysis data was substantially increased by undertaking oriented core drilling and increasing geotechnical logging of drill holes. Turner Mining and Geotechnical Pty. Ltd. of Australia, retained originally by TetraTech, completed the rock mechanics analysis to Feasibility Study accuracy for purposes of NI 43-101. Rock mass data from less than 30 drillholes was increased to data from over 500 drillholes and included in excess of 40,000 measurements.

The TetraTech high volume bulk mining method was necessarily reviewed. Based on the AMC resource model, the mining method was fundamentally changed to adapt to the variable nature of the mineralization envelopes. The new mining model and associated operating costs estimated to Feasibility Study accuracy, for purposes of NI 43-101, were completed by Services Miniers PRB Inc. of Val d'Or, Canada ("PRB") and A-Z Mining Professionals Limited of Thunder Bay, Canada.

The TetraTech processing plant flowsheet included the key use of a Chinese proprietary collector, of unknown composition, and whose supply would not be guaranteed. To eliminate this concern, an alternative collector was tested and found to provide better results than the Chinese product. Commissioned by Woulfe, this work was supervised by Mr. Rod Elvish, metallurgist, of Australia, who had previously been retained by TetraTech for Feasibility Study metallurgical testwork and process flowsheet design. The reduced mining rate and de-risking of capital expenditures indicated a significantly smaller (50%) processing plant would be optimal. Bumigeme Inc. of Montreal, Canada has just completed a Preliminary Economic Assessment accuracy design and cost estimates on the processing plant, based on the Chinese 20 tonne pilot plant test flowsheet. Woulfe also revisited the use of gravity separation to reduce the mill feed portion sent to flotation. Testwork just completed at SGS Lakefield in Canada confirmed the use of flotation on all mill feed for WO3 recovery. The processing plant flowsheet is similar to that proposed by TetraTech, using flotation to produce a 65% WO3 concentrate.

Environmental studies and approvals have been completed. Permits required for the present state of project advancement have been awarded.

Combining the AMC updated resource estimate and the mining study by PRB identifies reserves of approximately 6.4-million tonnes at a grade of 0.49% WO3. An updated project financial model including the reserves and potentially mineable resources was developed to ensure project viability continues.

An updated Feasibility Study will be completed by Woulfe's consultants during the 1st Quarter of 2015. The main outstanding components requiring completion to the amended NI 43-101 Feasibility Study accuracy are:

Processing plant engineering and cost estimates
A detailed Hydrogeology study


The Feasibility Study team consists of:

A-Z Mining Professionals Limited         Study management, financial        
                                        analysis & report preparation      
AMC Consultants Pty. Ltd.                Geology and resources              
Rod Elvish                               Metallurgy                        
Services Miniers PRB Ltd.                Mining                            
Turner Mining & Geotechnical Pty. Ltd.   Geotechnical                      
Bumigeme Inc.                            Processing                        


The completed Feasibility Study will, based on a positive study, be followed immediately by project financing and construction.

Malcolm Buck, P. Eng. of A-Z Mining Professionals Limited, a "Qualified Person" under National Instrument 43-101, supervised preparation of the information that forms the basis of the written disclosure in this news release.

(2) The IMC $US 10-million loan, due December 15, 2014, has been extended to September 15, 2015, on the condition that the minority interest of Woulfe in a downstream APT operation be cancelled. There was no assurance of a revenue stream to Woulfe as a minority participant and 100% leveraged participant in this operation.

We seek Safe Harbor.

© 2014 Canjex Publishing Ltd. All rights reserved.
 

18.12.14 20:21

230 Postings, 5367 Tage 7Löwe7intresssanter Beitrag aus stochhouse

The mining plan is developed based on tungsten price, ore processing costs, ore grade and proven deposits, often by a specialized outfit with proprietary moidels.
The most basic and important parameter that comes out of the above conditions is the cut-off grade of the mine plan. At Sangdong, the original cutoff grade of 0.15% (good at 400 APT) is marginal with APT prices going below 300. The 0.40% cut-off can work down to 150 APT.
The cut-off grade determines how much ore is economically available for extraction.  The ore grade determines how much valuable material is in the available ore. The selected method of extraction and concentratoin determines CAPEX and OPEX of the mine.  at this point the NPV is determined by time discounting CAPEX, OPEX and sales at the prevailing commercial lending rate for the line of business (in this case 8%).
The NPV is useful to a company and a bank or an investor as the basis to negotiate a loan or investment.  For instance, the old mine plan of Woulfe had an NVP of 400+M calculated for $400 APT.  That and the off-take contract from IMC would have been sufficient to ask for a 200M commercial loan to start the mine. However, at $300 APT the NPV of the old mine plan becomes much smaller, which might have caused a denial of the commercial loan.  At $300 APT the new plan may even have a higher NPV (160M, including the IMC part) than the old plan.  The NPV will change with the price of tungsten or if the cost of operating the mine changes, or if new ore is added to the proven reserve.  For instance the addition of the hanginwall ore (coming up early next year) will significantly increase the NPV.  Also the progressive addition of the lower levels to the proven resources after dewatering will increase the NPV.  It is important that the NVP should be: 1) strongly positive; and 2) at least double the investment required to get the mine going. Once the mine starts it is up to management if they are good to increase the value of the company by progressively unlocking its resources.

Read more at http://www.stockhouse.com/companies/bullboard/...#XDLslc6bf1Qc6iAr.99  

19.12.14 15:45
1

230 Postings, 5367 Tage 7Löwe7Update

Woulfe Drills High Grade Tungsten Across Wide Intercepts

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 19, 2014) -Woulfe Mining Corp.("Woulfe" or the "Company") announces results from eight diamond drill holes of its Phase 6 Exploration Drilling Programme on the Hangingwall Deposit ("HW") at the Sangdong Tungsten Project located in the Republic of Korea.

The results of the first eight diamond drill holes of the Phase 6 HW Deposit drilling programme, with assays performed by SGS in Australia, are as follows:

Hole IDSGS Assays2014 AMC Resource ModelDepth (m)True Width (m)WO3 (%)WO3 True Width (m)Depth (m)WSDD045966.0~116.019.90.560.7628.70.0~72.0WSDD047818.0~40.019.­40.870.7319.80.0~22.5WSDD04880.0~121.043.40.520.7529.80.0~83.0WSD­D046022.0~94.226.80.940.8030.40.0~82.0WSDD04798.5~25.015.60.540.6­521.70.0~23.0WSDD04890.0~79.030.20.550.6230.20.0~79.0WSDD04806.0~­10.03.70.410.844.67.0~12.0WSDD004212.0~88.024.80.770.7125.211.0~8­8.0Average 23.00.660.7223.8 

This infill drilling on 20 metre centres confirmed the predicted NI 43-101 inferred resource estimate from the AMC Consultants Pty. Ltd.'s 2014 geology block model. Grade and thicknesses have approximately a 92% and 97%, respectively, correlation between the drilling and the AMC block model within the same boundaries.

This extremely close correlation of resource estimates from infill drilling and predicted results from the block model are relatively rare. With these initial results, Woulfe's confidence is significantly increased that AMC's NI 43-101 Inferred Resources are as stated to date and the current and future drilling will upgrade them to the indicated resource category.

The eight diamond drill holes confirmed a well-defined resource of 419,000 tonnes at a grade of 0.66% WO3 in the HW Deposit.

These extremely encouraging results from the Phase 6 Drilling Programme are from drilling in one area of AMC's approximately 11 million tonnes of Inferred Resources. Woulfe will only re-assess the conversion rate of Inferred Resources to potentially mineable resources when a number of areas within the Inferred Resources have been drill tested and correlated to the AMC 2014 block model.

Until new reserves, potentially mineable resources or other project related metrics are announced, Woulfe will continue to rely on the financial returns predicted in the December 17, 2014 press release.

On Behalf of the Board of Directors

Woulfe Mining Corp.

Michel Gaucher, CEO and Director


Read more at http://www.stockhouse.com/companies/bullboard/...#gx03t6YMjMDwbM6D.99  

19.12.14 18:18
1

180 Postings, 5775 Tage genial1967Geilllll

Super Ergebniss ! jetzt kann die Fahrt los gehen :-).  

20.12.14 16:13

748 Postings, 5869 Tage Flocke77Liest sich alles

recht gut, zumal die in der Vergangenheit ermittelten Ressourcen auch bestätigt wurden. Bin gespannt auf das Ergebnis der Machbarkeitsstudie im 1.Quartal 2015.....  

24.01.15 21:08

180 Postings, 5775 Tage genial1967Bin gespannt auf Montag!

28.01.15 13:30
1

250 Postings, 5571 Tage k0k0k0M&A

Almonty Industries Inc. (AII.V: Quote) and Woulfe Mining Corp. (WOF.V: Quote) said they have entered into a non-binding letter of intent to combine the businesses of the two companies and create the leading tungsten company outside of China.

Under the terms of the merger, Almonty would acquire all of the outstanding common shares of Woulfe at a fixed price of C$0.08 per share. In no event shall the Almonty consideration be greater than 0.1231 of one Almonty common share or less than 0.0942 of one Almonty common share.

The combined business, or MergeCo, will have two producing tungsten assets located in Spain and Australia, pre-construction assets in South Korea and Spain, and serve as an attractive platform for further accretive growth and consolidation in the global tungsten sector.

The merger, subject to completion of due diligence process by both companies, is expected to be completed within the next 30 days.
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"The Federal Reserve is No More 'Federal' Than Federal Express" - Dennis Kucinich

28.01.15 15:06

748 Postings, 5869 Tage Flocke77Habe es gestern auch

schon mitbekommen. Weis momentan noch nicht so richtig was ich davon halten soll. Im WO Forum wird auch schon heiß darüber diskutiert. Positiv ist jedenfalls, dass es nun voran geht. In 30 Tagen soll die Verschmelzung abgeschlossen sein. Almonty schein auch recht seriös zu sein. Die scheinen in Ihrer noch recht jungen Unternehmensgeschichte schon einiges auf die Beine gestellt zu haben.Die Deutsche Rohstoffe AG hängt dort auch mit Anteilen drin.

Letztlich haben die Alt-Aktionäre keine andere Wahl als die Verschmelzung mitzutragen, oder eben zu verkaufen. Letzteres wird von Alt-Aktionären wohl kaum in Erwägung gezogen, da die meisten vermutlich einen höheren Einstandskurs haben und entsprechend Verluste realisieren müssten. Habe selber noch Stücke von 2008 und danach. Bin schon gespannt auf die Gebühren von der Bank für die Verschmelzung und die Einbuchung der neuen Aktien und ob meine 2008er Aktien dann trotzdem Abgeltungssteuerfrei bleiben.

Gruß an alle Investierten

PS: Wenn jemand verstanden hat im welchem Verhältnis wir Almonty-Aktien bekommen, dann bitte mal Anhand einer Beispielrechnung posten. Verhältnisrechnung und Dreisatz sind für mich normalerwiese kein Problem....:-)  

28.01.15 15:17

748 Postings, 5869 Tage Flocke77Wolframproduzent Almonty plant Fusion mit Woulfe

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