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Drilling Extends Higher-Grade Zone at Aitolampi
Drilling Extends Higher-Grade Zone at Aitolampi.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \nRNS Number : 8319A Beowulf Mining PLC 03 June 2019 \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.\n3 June 2019\nBeowulf Mining plc\n(\"Beowulf\" or the \"Company\")\nDrilling Extends Higher-Grade Western Zone at Aitolampi\n \nBeowulf (AIM: BEM; Spotlight: BEO), the Nordic focused mineral exploration and development company, is pleased to announce that recent drilling at Aitolampi has extended the higher-grade Western Zone. \n \nOy Fennoscandian Resources AB (\"Fennoscandian\"), the Company's graphite business, is pursuing a strategy to develop a 'resource footprint' of natural flake graphite prospects that can provide 'security of supply' and help to enable Finland to achieve its ambition of self-sufficiency in battery manufacturing. Fennoscandian is also seeking to move downstream and develop its know-how in processing and manufacturing of value-added graphite products. \n \nDrilling Highlights:\n \n· Additional 100 metres (\"m\") strike extension added to the higher-grade (> 5 per cent Total Graphitic Carbon (\"TGC\") Western Zone. The Western Zone remains open in all directions. \n· Drill hole AITDD19019 intersected 102.04m at 5.07 per cent TGC, which included 46.68m at 6.09 per cent TGC. Mineralised intercepts are the down-hole widths and are not the true widths.\n· Drill hole AITDD19020 intersected 94.69m at 5.76 per cent TGC, which included 11.43m at 7.13 per cent TGC.\n· Drill hole AITDD19021 intersected 96.83m at 5.01 per cent TGC, which included 22.65m at 6.0 per cent TGC.\n· Drill hole AITDD19022 intersected 91.13m at 5.03 per cent TGC, which included 42.69m at 6.16 per cent TGC.\n· The results from the 2019 drilling programme will be used to upgrade the maiden Mineral Resource Estimate (\"MRE\") for Aitolampi, published in August 2018.\n· Drill core will also be sampled and used for ongoing baseline environmental studies, for graphite purification and spheroidization testwo...