Business
Additional Graphite Claim Reservation Granted
Additional Graphite Claim Reservation Granted.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \nRNS Number : 8202S Beowulf Mining PLC 22 March 2016 \n\n \n \n22 March 2016\n \nBeowulf Mining plc\n(\"Beowulf\" or the \"Company\")\nAdditional Graphite Claim Reservation Granted and Geophysics Fieldwork Completed \n \nBeowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company focused on the Kallak magnetite iron ore project in northern Sweden and its graphite projects in Finland, is pleased to announce that it has been awarded an additional Claim Reservation, Saarenpudas, within the Kolari graphite district. In addition, preliminary geophysics fieldwork has been completed on the Haapamäki and Piippumäki graphite projects.\nHighlights:\n· Fennoscandian Resources (\"Fennoscandian\"), Beowulf`s 100 per cent owned Finnish subsidiary has been granted additional ground, Saarenpudas, within the prospective Kolari graphite district, immediately to the west of the Kolari Claim Reservation already held by the Company. \n· The Kolari area is believed to be prospective for high-grade very fine to fine microcrystalline graphite. Previous exploration work at Saarenpudas by Rautaruukki Corporation (\"Rautaruukki\") in the 1970s identified an electromagnetic (\"EM\") conductor over 1.5 kilometres in length, associated with graphitic schist. Based on a combination of drilling and ground EM data, Mattila (1978) estimated an exploration target of three million tonnes ranging 15-30 per cent graphitic carbon (\"Cg\") within the Saarenpudas Claim Reservation.\n· Slingram EM (\"Slingram\") surveys have been completed at the Haapamäki and Piippumäki projects and the data is now being analysed by Beowulf's geophysics consultants GeoVista AB. Their findings will be used to visibly check conductors, when the Fennoscandian team continues its fieldwork on the projects, to better define targets for drilling.\n \nKurt Budge, CEO, commented:\n \n\"I am very pleased to announce the award of an additional Claim Reservation in Finland, increasing the area that we are investigating in the prospective Kolari graphite district, and the completion of low cost geophysics programmes at Haapamäki and Pippumäki; the data collected is now being analysed and we expect results in the coming weeks. \n\"We are ac...