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correction $0.069, 0.077
Fu..you MM's ^^
I put a buy order to slap $0.69 ask. It didn't get filled but in a couple of second ask price was raised to 0.77. Thieves.
Looks like a non-issue now. Buy order for .059 just went thru. Back on-track.
There could be another reason,even though another broker might be a good idea.....
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2014-1101 - CSE CHRISTMAS & NEW YEAR HOLIDAY SCHEDULE
November 04, 2014
Please be advised that CSE market and offices will be closed for the following holidays:
Holiday Date
Christmas Eve Wednesday, December 24, 2014
CSE Listed market closes at 1:00 PM EST
CSE Other market closes at 1:30 PM EST
Christmas Day Thursday, December 25, 2014
Boxing Day Friday, December 26, 2014
New Year’s Day Thursday, January 1, 2015
http://www.cnsx.ca/CNSX/Listing/Bulletins/2014/11/04/2014-1101-CSE-Christmas-New-Year-Holiday-Schedule.aspx
He said that the MM they use does not execute Buy orders when the stock goes below a penny even if your P/S is a penny or more. Not much of a MM. Looks like I will be looking for a new broker!
Didn't your broker give you a reason why he couldn't place a buy order?
Tried to buy WFEMF this morning, but broker says they can not put order in to Buy. Anybody else having issues buying WFEMF today?
Next time it dips like that will buy up all I can!
Thank you for the info!
Big charts also shows .02 as the last trade.These types of trades can happen,even with the bid and the ask much higher,I know,I bought some at .035 when someone decided to sell(at market)when I placed my order.
What is up with the share price on 12/24/14? Makes no sense what is being displayed? $.0021/share? Looks like someone got the input wrong on the market price. My L2 shows it should be showing $.057/share.
Looks like this news has limited exposure,It's not even on WOF CSE page.
If results continue to look this positive,then WOF is a very unvalued company,according to the current share price.
Woulfe Drills High Grade Tungsten Across Wide Intercepts
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 19, 2014) - Woulfe Mining Corp. ("Woulfe" or the "Company") (CSE:WOF)(FRANKFURT:OZ4) 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 ID SGS Assays 2014 AMC Resource Model
Depth (m) True Width (m) WO3 (%) WO 3 (%) True Width (m) Depth (m)
WSDD0459 66.0~116.0 19.9 0.56 0.76 28.7 0.0~72.0
WSDD0478 18.0~40.0 19.4 0.87 0.73 19.8 0.0~22.5
WSDD0488 0.0~121.0 43.4 0.52 0.75 29.8 0.0~83.0
WSDD0460 22.0~94.2 26.8 0.94 0.80 30.4 0.0~82.0
WSDD0479 8.5~25.0 15.6 0.54 0.65 21.7 0.0~23.0
WSDD0489 0.0~79.0 30.2 0.55 0.62 30.2 0.0~79.0
WSDD0480 6.0~10.0 3.7 0.41 0.84 4.6 7.0~12.0
WSDD0042 12.0~88.0 24.8 0.77 0.71 25.2 11.0~88.0
Average 23.0 0.66 0.72 23.8
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/c.wof/woulfe-mining-corp#mXTaz7xVxDOiaYMl.99
I'm pleased to hear of the latest developments. Adding to my position before share price starts to accelerate, imo. Been watching this company for a while. Like what is developing.
There may be 2 reasons for the volume to be lower than many expect.The low float,which prevents large trades that would lead to a sharpe incease in the share price.The other reason is that until the financing is in place,the doubt of the mine becoming functional is still a concern.
Hard to believe this low volume and pps after a living signal from the company
breaking long hibernation. Don't you think?
Plenty of time has passed for you to accumulate from my last post (11/14/2014) stating to BUY NOW, if you plan to slowly add to or start a new position. Good entry point here in my opinion.
Please do your own due diligence before adding and starting a position here.
Good luck
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.
(1) Results of the latest financial model update are: Phase 1(i) Mining Plan Options for -1 to Taebaek Levels (Using 65% WO3 Concentrate Price of $US 15,000 per tonne) Annual Mill Feed Production Rate 633,000 TPY 792,000 TPY Annual Revenue WO3 Concentrate(ii) $US 46.6 million $US 58.3 million EBITDA - Annual $US 23.6 million $US 30.1 million EBITDA/ Share $CDN 0.075 $CDN 0.095 Pre-tax IRR 36% 39% NPV @ 8% Discount Rate $US 114 million $US 121 million All figures above are 75% of total project values and attributable to Woulfe after the transaction with IMC. Reserves Included in Phase 1 6.4 million tonnes grading 0.49% WO3 Annual Production Rate 633,000 tonnes 792,000 tonnes WO3 Processing Plant Recovery Rate 85% 85% Annual WO3 Concentrate Production 4,139 tonnes 5,178 tonnes Pre-Production Capital Expenditures $US73.4 $US78.4 million(iii) million(iii) Mine Life 10 years 8 years (i) 3 levels out of 20 levels in Phase 1. (ii) No Apt downstream minority revenue participation should have been included since February 2012. (iii)Capex using all new equipment, including processing equipment from China and includes a 15% Contingency.
The financial analysis uses part of the 2012 TetraTech reserves.
Woulfe Mining Corp. received the TetraTech Inc. Feasibility Study for the Sangdong Project in mid-2012. Review of the TetraTech study in 2013 by significant shareholder, Dundee Corporation, has been followed, starting in May 2014, by de-risking critical elements of the project involving:
-- Additional 7,200 metres of Definition Drilling & 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 $US151 million to $US73.4 million and $US78.4 million, for the 633,000 and 792,000 tonnes 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 $US 10 million loan, due December 15, 2014, has been extended to September 15, 2015, on the condition that the minority interest of Woulfe in a downstream APT operation be cancelled. There was no assurance of a revenue stream to Woulfe as a minority participant and 100% leveraged participant in this operation.
We seek Safe Harbor.
© 2014 Canjex Publishing Ltd. All rights reserved.
Read more at http://www.stockhouse.com/companies/bullboard/c.wof/woulfe-mining-corp#VwafyQuIwVkqv8K8.99
Woulfe Mining Extends IMC Loan
December 15, 2014 - Vancouver, Canada - Woulfe Mining Corp. ("Woulfe" or the "Company") (CSE: WOF,
Frankfurt: OZ4) announces that it has reached an agreement with its strategic partner,
International Metal working Companies B.V. (“IMC”) to extend the term of the existing CAD$ 10
million loan from December 15, 2014 to September 15, 2015. This extension will allow Woulfe to
complete the advanced, amended feasibility study and to complete the ongoing Phase VI drilling
program on the wide, high grade, Hangingwall Deposit.
As a reminder of the original terms of the loan, please refer to news releases dated February 28,
2012 and March 4, 2013. The original CAD$5 million loan agreement was executed on February
28, 2012 and amended and restated to a CAD$10 million bridge loan announced on March 4,
2013. Today’s amended and restated agreement not only extends the term bridge loan for nine
months, but also cancels the minority interest (45%) of Woulfe in the downstream Ammonia
Paratungstate (“APT”) operation and related capex. The cancellation of the APT commitment
decreases Woulfe’s overall capex requirements and there was no assurance of a revenue stream
to Woulfe as a minority, leveraged participant in the APT operation.
Other conditions of the original and amended and restated (See news releases dated February 28,
2012 and March 4, 2013) agreements remain in place, including, subject to the terms and
conditions of the agreements, IMC acquiring a 25% interest in Sangdong Mining Corporation
(Woulfe’s 100-owned subsidiary) “(Sangdong”) for total consideration of CAD$35 million (less
current loan balance and related interest) and an offtake agreement related to Sangdong’s
tungsten concentrate production.
On Behalf of the Board of Directors
Woulfe Mining Corp.
"Michel Gaucher"
Michel Gaucher, CEO and Director
For further information, please contact Nick Smith at 1-415-595-0865
http://www.cnsx.ca/cmsAssets/docs/Filings/2014/2014_12_15_14_59_25_WOF_Woulfe_Mining_Extends_IMC_Loan.pdf
We could touch the 1's, but there is obvious accumulation going on at these levels... 1's will be harder to get....It will pop soon... Be ready
May I ask why? lol
Just boring game..........
Then, I know it will Bam!
What is your outlook?
Lid is kept closed very tight. Ask is a penny below the current sp. And bid is 7/12 of the current sp.
Current 0.059
Bid 0.050
Ask 0.034
This shall change someday.
holding mine and waiting for good news and progress.
Someone dumped 3500 shares or $105 to scare people. Lol
Wow what's going on here lol
Time to start adding some more
Added some today
I look forward to news.
That is a good news and they are making progress.
Revised feasibility study to be released by end of 2014-
not too long !
Vancouver, British Columbia – October 15, 2014 - Woulfe Mining Corp. (CSE: WOF, Frankfurt:
OZ4)
Woulfe Mining Announces a Revised Mineral Resource
Estimate for its Sangdong Tungsten Project
October 15, 2014 – Vancouver, Canada – 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 TM 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:
Resource Category Mineralized
Zone
Mtonnes Density
(t/m3)
WO3% MoS2
(%)
Contained
WO3 metal
(Mt)
Measured Main 0.55 3.19 0.61 0.066 0.33
F2 0.86 3.01 0.56 0.057 0.48
F3 0.74 3.06 0.55 0.057 0.41
Measured Total 2.15 3.07 0.57 0.059 1.22
Indicated HW 0.19 2.90 0.46 0.095 0.09
Main 0.31 3.19 0.62 0.031 0.19
F2 0.58 2.96 0.55 0.029 0.32
F3 0.57 2.97 0.53 0.026 0.31
Indicated Total 1.66 3.00 0.55 0.036 0.91
Measured + Indicated 3.81 3.04 0.56 0.049 2.12
Inferred HW 7.93 2.90 0.68 0.089 5.38
Main 0.34 2.93 0.74 0.047 0.26
F2 0.93 2.91 0.53 0.073 0.49
F3 0.76 2.91 0.48 0.047 0.37
F4 1.31 2.92 0.52 0.053 0.69
Inferred Total 11.28 2.90 0.64 0.080 7.18
Notes:
1. There are no current Mineral Reserves that are based on this September 2014 Mineral Resource
2. Exclusive of mine production to 15 September 2014
3. Rounding of some figures may lead to minor discrepancies in totals
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”
Michel Gaucher, CEO 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 Project 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 listed on the Canadian Stock Exchange.
Administration Office
+1 604 684 6264
+1 604 684 6242 (FAX)
www.woulfemining.com
Forward Looking Information: This news release includes certain information that may be deemed “forward-looking information”.
Forward-looking information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”,
“intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. All information in this release, other than
information of historical facts, including, without limitation, the timing of the technical report with respect to the updated Mineral
Resource estimate, the timing of the updated feasibility study, the potential of the Sangdong Project, engineering and mine planning,
and general future plans and objectives for the Sangdong Project, are forward-looking information that involve various risks and
uncertainties. All information in this release, other than information of historical facts, including, without limitation, the timing of the
feasibility study update, the potential of the Sangdong Project, engineering and mine planning, general future plans and objectives for
the Sangdong Project are forward-looking information that involve various risks and uncertainties. Although the Company believes that
the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not
guarantees of future performance and actual results or developments may differ materially from those in the forward-looking
information. Forward-looking information is based on a number of material factors and assumptions. Factors that could cause actual
results to differ materially from the forward-looking information include changes in project parameters as plans continue to be refined,
future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions,
uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or
equipment breakdowns, delays in receiving government approvals, and other risks detailed herein and from time to time in the filings
made by the Company with securities regulatory authorities in Canada. Readers are cautioned that mineral resources that are not
mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky
business. Accordingly, actual events may differ materially from those projected in the forward-looking information. For more
information on the Company and the risks and challenges of our business, investors should review our annual filings which are available
at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not
undertake to update any forward looking information, except in accordance
http://www.cnsx.ca/cmsAssets/docs/Filings/2014/2014_10_15_17_14_16_WOF_Woulfe_Announces_a_Revised_Mineral_Resource_Estimate_for_its_Sangdong_Tungsten_Project.pdf
What do you mean? The volume today is considered high for WOF and 170,000 shares were bought. lol
I know you probably not surprised by pps dropped as news delayed & CEO Mr. Lee was replaced. Some people got pissed and wanted to move on which is understandable.
No changes in fundamental if any.lol
Chance to add more cheapies for those who are patiant, IMO.
GLTA
This is geting to be so cheap,how can anyone not buy more?
Ouch~
I thought I got a good deal yesterday.
Not bottomed yet?
I didn't notice that.The location of that should have been between the pages,signifying the date of the original printing...look at it on the CNX website,you will see.
http://www.cnsx.ca/CNSX/Securities/Mining/Woulfe-Mining-Corp.aspx
MONTHLY PROGRESS REPORT
November 14, 2008 ???
I know this long delay seems unreasonable,however,there may have been problems with the drilling,which is not unusual,since repairs are commonplace in the field.This can cause any amount of delays,then the wait for 6,000 samples to be anaylzed,can be disrupted by the demand by other companies for their own results.The secretary can't tell us anything other than what has already been made public,still we will have the results soon enopugh.
i just called the corp. secretary and ask her about when the assay reports on the 6,000 hole drilling would be out and she told me before the end of this year . that could mean anytime between now and then, didnt learn anything.
FORM 7
MONTHLY PROGRESS REPORT
Name of CNSX Issuer: Woulfe Mining Corp. (the “Company” or the “Issuer”).
Trading Symbol: WOF
Number of Outstanding Listed Securities: 362,044,066
Date: October 7, 2014
This Monthly Progress Report must be posted before the opening of trading on the fifth
trading day of each month. This report is not intended to replace the Issuer’s obligation
to separately report material information forthwith upon the information becoming known
to management or to post the forms required by the CNSX Policies. If material
information became known and was reported during the preceding month to which this
report relates, this report should refer to the material information, the news release date
and the posting date on the CNSX.ca website.
This report is intended to keep investors and the market informed of the Issuer’s
ongoing business and management activities that occurred during the preceding month.
Do not discuss goals or future plans unless they have crystallized to the point that they
are "material information" as defined in the CNSX Policies. The discussion in this report
must be factual, balanced and non-promotional.
General Instructions
(a) Prepare this Monthly Progress Report using the format set out below. The
sequence of questions must not be altered nor should questions be omitted or
left unanswered. The answers to the items must be in narrative form. State
when the answer to any item is negative or not applicable to the Issuer. The title
to each item must precede the answer.
(b) The term “Issuer” includes the Issuer and any of its subsidiaries.
(c) Terms used and not defined in this form are defined or interpreted in Policy 1 –
Interpretation and General Provisions.
Report on Business
1. Provide a general overview and discussion of the development of the Issuer’s
business and operations over the previous month. Where the Issuer was
inactive disclose this fact.
The Company is in the business of acquiring and developing mineral
resource projects within South Korea with properties that include
tungsten, gold, silver and molybdenum. The assets secured have FORM 7 – MONTHLY PROGRESS REPORT
November 14, 2008
Page 2
known historical mineralization. The Company has been extensively
evaluating its Sangdong Tungsten/Molybdenum Mine and has
achieved significant progress and milestones. The Company also
continues to evaluate its Muguk Gold/Silver Project.
2. Provide a general overview and discussion of the activities of management.
As announced in the Company’s news release dated October 28,
2013, the Company completed its comprehensive review of its June
6, 2012 feasibility study prepared for the Sangdong project as
prepared by TetraTech WEI Inc. under the direction of previous
management. This review was completed by the Company with the
assistance of its largest shareholder, Dundee Corp., and has
identified that considerable additional test work is necessary to bring
the Sangdong project to proper commercial and financial
preparedness (the “work program”).
The new work program includes diamond drilling to better define the
orebody – in particular, those areas of the resource that could
potentially be mined in the early years of the mine’s life.
Additionally, further work must be completed on mine design, mining
method selection, metallurgical process design and much de-risking
of other technical aspects of the Sangdong project. It is estimated
that this work program will cost approximately $6-million and take
twelve months to complete.
3. Describe and provide details of any new products or services developed or
offered. For resource companies, provide details of new drilling, exploration or
production programs and acquisitions of any new properties and attach any
mineral or oil and gas or other reports required under Ontario securities law.
Mr. Gaucher, the Company’s current CEO, is leading the Company
towards completion of its new work program discussed above, the
implementation of which commenced in April 2014.
On May 16, 2014, the Company announced that it commenced its
phase 5 drilling program on April 7, 2014. This will be a 4,000-metre
drilling program designed to narrow the grid spacing to 20 metres on
all three levels. This drilling program is expected to generate
approximately 6,000 samples, which will be assayed by SGS in
Australia, of which 25 per cent have already been shipped for
assaying. This drilling program is expected to be completed soon
and the results of the assays are expected during the fourth quarter
of calendar 2014.FORM 7 – MONTHLY PROGRESS REPORT
November 14, 2008
Page 3
4. Describe and provide details of any products or services that were discontinued.
For resource companies, provide details of any drilling, exploration or production
programs that have been amended or abandoned.
N/A
5. Describe any new business relationships entered into between the Issuer, the
Issuer’s affiliates or third parties including contracts to supply products or
services, joint venture agreements and licensing agreements etc. State whether
the relationship is with a Related Person of the Issuer and provide details of the
relationship.
N/A
6. Describe the expiry or termination of any contracts or agreements between the
Issuer, the Issuer’s affiliates or third parties or cancellation of any financing
arrangements that have been previously announced.
N/A
7. Describe any acquisitions by the Issuer or dispositions of the Issuer’s assets that
occurred during the preceding month. Provide details of the nature of the assets
acquired or disposed of and provide details of the consideration paid or payable
together with a schedule of payments if applicable, and of any valuation. State
how the consideration was determined and whether the acquisition was from or
the disposition was to a Related Person of the Issuer and provide details of the
relationship.
N/A
8. Describe the acquisition of new customers or loss of customers.
N/A
9. Describe any new developments or effects on intangible products such as brand
names, circulation lists, copyrights, franchises, licenses, patents, software,
subscription lists and trade-marks.
N/A
10. Report on any employee hirings, terminations or lay-offs with details of
anticipated length of lay-offs.
N/A
11. Report on any labour disputes and resolutions of those disputes if applicable.
N/A
12. Describe and provide details of legal proceedings to which the Issuer became a
party, including the name of the court or agency, the date instituted, the principal
parties to the proceedings, the nature of the claim, the amount claimed, if any, if
the proceedings are being contested, and the present status of the proceedings.
N/AFORM 7 – MONTHLY PROGRESS REPORT
November 14, 2008
Page 4
13. Provide details of any indebtedness incurred or repaid by the Issuer together with
the terms of such indebtedness.
N/A
14. Provide details of any securities issued and options or warrants granted.
During September 2014, 609,180 common shares in the Company’s
capital stock were issued as a settlement of debt with a deemed
value of $0.11 per share and are subject to a hold period expiring on
January 10, 2015 and 108,645 common shares were issued to one of
the Company’s South Korean service providers as partial
compensation for continuing services with a deemed value of $0.105
per share and are subject to a hold period expiring on January 10,
2015.
In addition, during September 2014, 226,840 common shares in the
Company’s capital stock, originally issued in conjunction with partial
compensation for a former South Korean service provider, with a
deemed value of $23,228, were returned to the treasury of the
Company pursuant to an agreement between the Company and that
former service provider.
During August 2014, the Company submitted an application to the
Canadian Securities Exchange to extend the expiry date of
13,075,000 common share purchase warrants that were issued, all
with an exercise price of $0.30 per common share, in conjunction
with a brokered and non-brokered private placement of units of the
company, both completed on Aug. 31, 2012.
The warrants were scheduled to expire on Aug. 31, 2014. The
Company has extended the expiry date of the warrants to Aug. 31,
2015.
In all other respects, the terms of the warrants will remain
unchanged and in full force and effect.
(1) State aggregate proceeds and intended allocation of proceeds.
N/AFORM 7 – MONTHLY PROGRESS REPORT
November 14, 2008
Page 5
15. Provide details of any loans to or by Related Persons.
N/A
16. Provide details of any changes in directors, officers or committee members.
N/A
17. Discuss any trends which are likely to impact the Issuer including trends in the
Issuer’s market(s) or political/regulatory trends.
The Company's principal property is located in South Korea. Consequently,
the Company is subject to certain risks associated with foreign ownership,
including currency, inflation and political risk.
The Company operates in the mining industry which is subject to
numerous significant risks.
The Company is subject to various risks and uncertainties in its business.
In particular, the Company is subject to:
- fluctuating commodity markets, tungsten prices and currency exchange
rates;
- risks relating to underground mining development;
- permitting risks and general mining risks;
- other risks affecting the operation and economic viability of the
Sangdong project;
- environmental requirements and reclamation costs; and
- risks regarding liquidity, availability of additional financing to fund
capital expenditures and/or operations and going concern.
Certificate Of Compliance
The undersigned hereby certifies that:
1. The undersigned is a director and/or senior officer of the Issuer and has been
duly authorized by a resolution of the board of directors of the Issuer to sign this
Certificate of Compliance.
2. As of the date hereof there were is no material information concerning the Issuer
which has not been publicly disclosed.
3. The undersigned hereby certifies to CNSX that the Issuer is in compliance with
the requirements of applicable securities legislation (as such term is defined in
National Instrument 14-101) and all CNSX Requirements (as defined in CNSX
Policy 1).FORM 7 – MONTHLY PROGRESS REPORT
November 14, 2008
Page 6
4. All of the information in this Form 7 Monthly Progress Report is true.
Dated October 7, 2014. .
Marion McGrath
Name of Director or Senior
Officer
/s/ “ Marion McGrath”
Signature
Corporate Secretary
Official Capacity
Issuer Details
Name of Issuer
Woulfe Mining Corp.
For Month End
September, 2014
Date of Report
YY/MM/D
October 7, 2014
Issuer Address
408 – 837 West Hastings Street
City/Province/Postal Code
Vancouver, BC, V6C 3N6
Issuer Fax No.
604-684-6242
Issuer Telephone No.
604-684-6264
Contact Name
Marion McGrath
Contact Position
Corp. Secretary
Contact Telephone No.
604-684-6264 ext 2
Contact Email Address
mcgrath@iocorporate.com
Web Site Address
www.woulfemining.com
Operational Management at Woulfe Mining Corp.
Mr. Sang Bum Lee
Position: President of Sangdong Mining Corporation
Mr. Lee has over 30 years of experience in the non-ferrous metals (zinc, lead and precious metals) industry gained in Korea, Australia, Europe and the United States in various technical roles that include project engineering, construction project management, and business and technology improvements, as well as general management.
Since completion of his bachelor of engineering (major: metallurgical engineering) at the Korea University in South Korea, Mr. Lee has enjoyed a successful career spanning 30 years with Korea Zinc Co. Ltd., a South Korean company which supplies approximately 10 per cent of the world's demand of zinc metal products and also one of the largest non-ferrous metals producer in the world. Mr. Lee held various positions ranging from process engineering, plant construction, production management and commercial management to, most recently, managing director and chief executive officer of Sun Metals Corp. Pty. Ltd., a wholly owned Australian subsidiary of Korea Zinc.
http://www.woulfemining.com/s/Management.asp
ty penny for the info.
Additional Woulfe Mining Contact Information
Note: If you're calling from northeastern U.S. or Canada there's a 13 hour time zone difference in South Korea.
TO ALL MEMBERS OF THIS MESSAGE BOARD WHO OWN SHARES OF WOULFE MINING:
If you are trying to call/email the Toronto or Vancouver numbers/addresses for Woulfe and are getting nowhere.
Please call the Sangdong Mining Corporation from Canada or USA at the following phone number: 011-82-33-378-2001, they SPEAK ENGLISH VERY WELL.
If anyone feels left in the dark regarding the current status of the company.
Feel free to call anytime during South Korea working business hours Monday through Friday. There is a 13 hour time zone difference so you may need to call late in the evening. Ask for Mr. Sang Bum Lee or the Assistant Manager.
GLTA longs.
Cheers!
penny, ty for the ph.#
Woulfe Mining Shareholder Communications
Nick Smith
Mobile phone +1 (415) 595-0865
when we going to get the assay reports? should have been by the end of sept.
IMC ~ International Metalworking Companies
IMC International Metalworking Companies B.V. (Iscar Metalworking Cos. or the IMC group of companies) is one of the world's largest companies for metalworking products. As part of Berkshire Hathaway, IMC operates Iscar, TaeguTec, Tungaloy, Ingersoll and more in over 50 countries. IMC member companies have secured management control over themselves. Today, IMC has 140 subsidiaries in 65 countries.
http://en.wikipedia.org/wiki/International_Metalworking_Companies
Dundee Sustainable Technologies Inc. Obtains 96.1% Gold Recovery from Concentrate
Noteworthy information regarding this new technology that Dundee Sustainable Technology has developed. Perhaps this is why Mr. Goodman is heavily invested in gold because he knows how important this new technology is. The new tech could be used on Woulfe's Muguk gold mine in South Korea in order to obtain an extremely high gold recovery percentage rate. Dundee is helping Woulfe's tungsten project proceed so it can achieve maximum efficiency when the tungsten mine goes into full scale production. Plus IMC is still in negotiations with Woulfe Mining to finalize the strategic agreement. Woulfe's competition will not stand a chance against this dream team. Ned Goodman's Dundee Corporation, Warren Buffett's company IMC (International Metalworking Companies) and Korea Zinc are some of the big names supporting the Woulfe Mining tungsten project.
http://www.stockhouse.com/news/press-releases/2014/09/11/dundee-sustainable-technologies-inc-obtains-96-1-gold-recovery-from-concentrate
International Metalworking Companies
IMC International Metalworking Companies B.V. (Iscar Metalworking Cos. or the IMC group of companies) is one of the world's largest companies for metalworking products. As part of Berkshire Hathaway, IMC operates Iscar, TaeguTec, Tungaloy, Ingersoll and more in over 50 countries. IMC member companies have secured management control over themselves. Today, IMC has 140 subsidiaries in 65 countries.
http://en.wikipedia.org/wiki/International_Metalworking_Companies
Read more about WFEMF at:
http://www.stockhouse.com/companies/bullboard/c.wof/woulfe-mining-corp
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