Woulfe Mining said that it had completed the second phase of drilling at its Sangdong Tungsten-Molybdenum Project. The indicated resource at the mine has been increased 2.75 times as per the exploration program and will give the mine a life of ten years.
The President and Chief Executive Officer of Woulfe Mining, Brian Wesson said that the drilling programs had been successful and produced a significant upgraded in the indicated resource. The proving up of over 10 years of mining resources to accommodate the mining of 1.2 million per annum from above the valley floor (above 2 level) took the project forward a large step as it provided sufficient ore for the feasibility he added.
The resources update was a result of a combination of the new compliant phase 2 drilling results and further compilation of detailed historical geological and mining data as per a company statement. It added that the work had concentrated on developing more detailed models of the three skarn zones from both drill data and additional historical geological mapping. The statement mentioned that additional Intermediate alteration mineralisation were defined between the two thinner skarn zones, the F2 and F3 zones, that go to make up the footwall zone.
Mr Wesson also said that the feasibility study is running three months late due to the drilling and the metallurgical test work which was moved to China. Woulfe was focused on reconfirming the recoveries and looking to optimize the flow sheet using new age Chinese technology that had been developed over the last 20 years as the world’s largest APT supplier. Feasibility was due for release at the end of the quarter he added.