Vancouver, British Columbia CANADA, Nov 10, 2010 (Filing Services Canada via COMTEX News Network) --
Woulfe Mining Corp. (WOF - TSX Venture), ("Woulfe" or the "Company") announced today that it has located and secured all equipment required for the front-end truck discharge and primary crushing area for its Sangdong tungsten-molybdenum project in South Korea. The package is of new equipment that has been procured at a heavily discounted rate from a cancelled contract and comes with all technical documentation intact, including design drawings. With slight modification by Woulfe, the equipment will be incorporated into the Sangdong Project.
"This first package of equipment represents approximately 20% of that which will be required for the processing plant at Sangdong," stated Brian Wesson, President and CEO of Woulfe. "This purchase is another example of using existing relationships to fulfil our objective of locating and procuring the best quality equipment at the lowest possible cost to maximize shareholder value.The project is located in South Korea and is close to some of the world's largest structural engineering companies which means Woulfe is in a position to build the process plant at a very competitive cost and far faster than would be expected for most new mine developments."
"The Federal Reserve is No More 'Federal' Than Federal Express" - Dennis Kucinich