Business
Åtvidaberg Exploration Update
Åtvidaberg Exploration Update.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \nRNS Number : 3589D Beowulf Mining PLC 31 January 2018 \n\n \n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (\"MAR\") (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\nFor the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Kurt Budge, Chief Executive Officer.\n31 January 2018\nBeowulf Mining plc\n(\"Beowulf\" or the \"Company\")\nÅtvidaberg Exploration Update - Focus on Zinc Mineralisation at Bersbo\n \nBeowulf (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, provides an update on its 2018 exploration plans for its Åtvidaberg nr. 1 licence in southern Sweden.\n \nHighlights\n \n· Studies of historic records, and the development of a 3-D model of underground mining areas and orebodies, show that mines around Bersbo appear to have been shut while still mining zinc mineralisation, in the form of massive sphalerite (zinc iron sulphide mineral). The exploration hypothesis is that zinc ore, and some mixed with chalcopyrite (copper iron sulphide mineral), may still be present below 350 metres (\"m\") depth in sufficient quantities to support renewed mining.\n· At Bersbo, historic mines are positioned on the eastern limb of a syncline, plunging to the northwest. Mine production ceased with a transition out of 'wanted' copper ore, chalcopyrite. \n· The 3-D model, and existing geophysics, show prospective targets: \n· at the hinge of the syncline; \n· for the eastern limb, eastwards, with potential for additional mineralised width, or bodies of parallel mineralisation; and \n· to the northwest, potential continuation of mineralisation along the eastern limb. \n· There is no evidence of mining around the western limb, and this will be investigated further.\n· In the comi...