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Åtvidaberg nr1 Swedish Exploration Licence Awarded
Åtvidaberg nr1 Swedish Exploration Licence Awarded.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \nRNS Number : 9666Z Beowulf Mining PLC 02 June 2016 \n\n \n \n2 June 2016\n \nBeowulf Mining plc\n(\"Beowulf\" or the \"Company\")\nÅtvidaberg nr 1 Swedish Exploration Licence Awarded\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 portfolio in Finland, is pleased to announce that the Mining Inspectorate of Sweden has awarded the Company an Exploration Licence for Åtvidaberg nr 1, with the Company focusing on the prospect of polymetallic discoveries. \nOverview \n· The licence area covers 225 square kilometres (\"km2\") and is located in the Bergslagen area, southern Sweden. The licence is valid for 3 years from the 30 May 2016.\n· Bergslagen is one of Europe's oldest mining districts and yielded a substantial portion of Sweden's mineral wealth in the 1800-1900s, with a number of large mines and hundreds of smaller mines producing copper, zinc, lead, gold, silver and iron ore. Current operating mines in the area include Boliden's Garpenberg and Lundin Mining's Zinkgruvan.\n· Most of southern Bergslagen has seen little modern exploration, yet it hosts Bersbo, one of Sweden's largest early copper mines, and Zinkgruvan, Sweden's most important zinc mine. \n· Other than at Zinkgruvan, exploration activity in Bergslagen has predominantly focused on finding new outcropping ore bodies. Some historic mining areas have not been mapped here since the early 1900s. \n· The ore types that Beowulf is exploring for are amenable to modern exploration methods, and the Company hopes to build a detailed picture of what lies at shallow depth. The southern Bergslagen district comprises strong potential for the types of Volcanic Massive Sulphide (\"VMS\") deposits typical to the area, namely exhalative style, exemplified by the nearby Zinkgruvan mine, and replacement-reaction style, exemplified by the Falun mine. \n· Beowulf has created a Geographic Information System (\"GIS\") Database, capturing significant historical data for the area. Beowulf has also established an expert team who are familiar with the area, geological setting, and style of deposit we are exploring for.\nKurt Budge, CEO...