Business
Graphite Exploration Update
Graphite Exploration Update.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \nRNS Number : 0271G Beowulf Mining PLC 24 May 2017 \n\n \n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n 24 May 2017\nBeowulf Mining plc\n(\"Beowulf\" or the \"Company\")\nGraphite Exploration Update\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, is pleased to announce further results from its recently completed eight-hole diamond drill programme at its 100 per cent owned Aitolampi graphite prospect. \nHighlights:\n· Drilling confirms that electromagnetic (\"EM\") anomalies identified at Aitolampi are associated with wide zones of graphite mineralisation, with a mineralised strike length of at least 350m along the main conductive zone drill-tested, dipping between 40 and 50 degrees to the southwest. The main EM zone extends for 700m. \n· Drill hole AITDD17006 intercepted 202.98m at 3.09 per cent Total Graphite Carbon (\"TGC\") from 19.2m depth (this includes some barren zones with no assays and calculated as zero per cent TGC), and higher-grade zones of 18.95m at 6.33 per cent TGC, and 14m at 6.26 per cent TGC. \n· Drill hole AITDD17001 intercepted 141.86m at 3.72 per cent TGC from 19.67m depth, including a higher-grade zone of 39.48m at 5.02 per cent TGC. \n· Drill hole AITDD17008 intercepted 60.29m at 4.01 per cent TGC from 8.71m depth, including 12m at 5.79 per cent TGC. \n· Drill hole AITDD17005 intercepted 41.1m at 4.39 per cent TGC from start of hole, including 28.4m at 5.1 per cent TGC and 4m at 7.71 per cent TGC.\nIt should be noted that the mineralisation intercepts are the down-hole widths and are not the true width of mineralisation. All samples were prepared and analysed by ALS Finland Oy's laboratory in Outokumpu.\nComposite samples for metallurgical testwork have been dispatched to SGS Mineral Services in Canada, including an ...