Business
Further re Joint Venture with Agricola
Further re Joint Venture with Agricola.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \n Beowulf Mining plc (\"Beowulf\" or \"the Company\") \n\n High grade uranium results \n\n Ballek Joint Venture with Agricola Resources plc \n\n30 October, 2007\n\nAgricola Resources plc, a PLUS-traded company(\" Agricola\") (PLUS SYMBOL: AGRI)\nhave today announced the following:\n\nThe directors of Agricola Resources PLC (\"Agricola\") the Plus market listed\nuranium explorer, are pleased to inform that analytical results have been\nreceived from local boulder samples from the Rebraur West prospect within the\nBallek no. 5 licence area located in the municipality of Arjeplog in N. Sweden\nabout 20 km northeast of the town centre. Uranium contents of up to 1.75% have\nbeen obtained.\n\nThe Ballek Joint Venture concerns four licences covering 106 square kilometers,\nBallek 2, 3, 4 and 5. They are considered prospective for iron oxide copper\ngold and uranium (IOCG) deposits.\n\nDuring the 2007 field season scintillometer measurements and sampling of\nboulders and outcrop over the Rebraur West uranium prospect was undertaken.\nDrill holes and refilled trenches from 1980's exploration were studied and\nhighly radioactive boulders that are proximal to one of the trenches were\nsampled.\n\nThe analytical results received show that the uranium content varied from 0.19%\nto 1.75 % in the boulders that gave the highest scintillometer readings. The\nboulders are considered remnants of the local bedrock within or close to the\ntrench, which is now refilled. The uranium grade is much higher than original\nreported levels from bedrock (max 0.07 % of uranium) from the area in 1984.\nOnly background levels of thorium were noted, but high contents of lead is\naccompanying high levels of uranium.\n\nFuture studies will include detailed soil grid radon cup surveys in order to\ndefine drill targets in the area outside the previously drill tested zone.\n\nThe Rebraur West uranium prospect was originally discovered by the Geological\nSurvey of Sweden (SGU) in the early1970s. Limited drilling and trenching\noutlined a uranium mineralization at outcrop between 1-8 m wide and extending\nalong several parallel fractures for 150 m but open in both directions along\nstrike. Grades of up to 700 ppm of uranium were reported. The fine-grained\nuranium minerals occur in an albite-quartz-chlorite hostrock, (Gustafsson, B,\n\"Uranium report 1981-8\", SGU,...