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Beowulf Mining Plc
Summary
| Project: | Aitolampi | |
|---|---|---|
| Deposit: | Aitolampi | |
| Location: | Finland | |
| Commodities: | Graphite | |
| Date: | 5/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-5-2017: Beowulf Mining Plc announces an Exploration/Drilling Update report for its Aitolampi deposit at the Aitolampi project. Drilling results incl. 202.98m @ 3.09% TGC from 19.20m. Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and dev | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rasmus Blomqvist (Internal) | |
| ABSTRACT: | Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company focused on the Kallak magnetite iron ore project and the Åtvidaberg polymetallic exploration licence in Sweden, and its graphite portfolio in Finland, is pleased to announce further results from its recently completed eight-hole diamond drill programme at its 100 per cent owned Aitolampi graphite prospect. Kurt Budge, Chief Executive Officer of Beowulf, commented:"We are pleased to provide a further update on our recent drilling programme, having now put some scale to the mineralisation at Aitolampi, along strike and sub-surface. We have drilled half the length of the 700m EM conductive zone and confirmed mineralisation. We look forward to the results of the metallurgical testwork on three composite samples, which will add to the current picture, and demonstrate what we can produce from Aitolampi, in terms of concentrate grades and flake size distribution. "On 8 May, the Company's exploration team began a two months' field programme at Haapamäki, Pitkäjärvi and Aitolampi, which includes further Slingram EM surveys and geological mapping, with the objective of defining new drill targets. "Over the summer, the team will be carrying out fieldwork on the Company's Kolari and Viistola graphite projects, which will help us improve our understanding of both. Also, the fieldwork programmes will enable us to rank all our prospects and best allocate investment capital."We look forward to keeping shareholders updated on our progress. | |
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