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Jay Taylor, of Face the Analyst, Interviews Brian Wesson President & CEO of Woulfe Mining (TSXV:WOF) - Video Posted on

August 2, 2011 -

Vancouver, British Columbia, August 2, 2011 - Jay Taylor, Editor of J. Taylor's Gold, Energy & Tech Stocks Report, and Publisher at, interviews Brian Wesson President & CEO of Woulfe Mining (TSXV:WOF) (OTCQX:WFEMF)

This video is one of Jay Taylor's ""Face the Analyst"" series of interviews, and is available for viewing on If this link is not enabled, please visit and enter ""Woulfe"" in the search box.

Woulfe Mining Highlights

Woulfe Mining Corp. has a diversified portfolio of mining licenses for tungsten, molybdenum, gold, base metals and uranium-vanadium in South Korea.

The company is focused on the development of the Sangdon Tungsten-Molybdenum Project, located 187 km south east of Seoul. Before its closure in 1992, the mine was the world's leading producer of tungsten for 40 years. The historical production rate averaged 600,000 tonnes per annum mainly from the six-meter thick Main Vein.

Low metal prices, not the exhaustion of resources, led to the mine's premature closure. The most recent scoping study indicates that the property has over 40 years' of mine life remaining. Substantial underground infrastructure is in place and the Company has opened the mine to a distance of 1.4 kilometres. Above ground infrastructure includes access to roads, water and power.

The outcome of a scoping study in March 2010 determined that the project NPV was US$467 million at a commodity price of $25,000 per tonne Ammonium Paratungstate. Today, the Ammonium Paratungstate price is over US$45,000 per tonne. Woulfe has accelerated the project due to the robust project and market. The company's target is to move to production at the end of 2012. In the last 18 months the company has focused on building the Sangdong tungsten mine team and reopening the mine. The project is well staffed with professionals and is moving forward rapidly.

Woulfe Corporate has now turned its focus to the Muguk gold project, historically Korea's largest producing gold mine. In 1998, Muguk was reported by Korea Resources Corporation (KORES) to contain a combined resource of 1,418,980 tonnes @ 13.5 g/t gold, 72.8 g/t silver (615,956 oz gold and 3,321,599 oz silver). Woulfe cautions that a Qualified Person has not done sufficient work to classify the historical estimate as current, that it is not treating the historical estimate as current and that the historical estimate should not be relied upon. A drill campaign is starting to drill the down dip extensions of the Three Brothers Vein. Wolfe's other projects will be considered once these two projects are moving to production, in order to unlock value for shareholders and to move the company to a positive cash flow as quickly as possible.

For more information on Woulfe Mining, visit their website at or contact the company at 604-684-6264 or Nick Smith (Nicola Street Capital) at 415-595-0865, or by email is a multimedia company that provides a combined solution for creating, hosting, and distributing financial video content across multiple platforms to investors and financial professionals.

Barry Morgan, CFO

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Source: InvestmentPitch via Thomson Reuters ONE


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