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Kallak Drilling Contract Awarded
Kallak Drilling Contract Awarded.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \n \n RNS Number : 9889N\n Beowulf Mining PLC\n 27 May 2020\n \n \n \n \n \n \n \n \n \n \n The 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.\n \n \n \n \n \n 27 May 2020\n \n \n Beowulf Mining plc\n \n \n (\"Beowulf\" or the \"Company\")\n \n \n Kallak Drilling Contract Awarded\n \n \n Beowulf (AIM: BEM; \n Spotlight\n : BEO), the mineral exploration and development company, announces the award of a drilling contract for Kallak to Kati Oy.\n \n \n \n The work programme, scheduled for Autumn 2020, will determine if a 3D seismic model can be constructed, using the established seismic characteristics of the Kallak deposit, and whether the 3D model can be used to identify additional iron ore mineralisation for the Exploration Target of \n 90-100 Mt at 22-30 per cent iron (\"Fe\") at Kallak.\n \n \n The first Exploration Licence for Kallak was awarded by Bergsstaten (the \"Mining Inspectorate\") in 2006. A Mineral Resource Estimate (\"MRE\") for Kallak North and South was finalised on 28 November 2014. Following the guidelines of the JORC Code, 2012 edition, an Indicated Resource of 118.5 Mt at 27.5 per cent Fe and Inferred Resource of 33.8 Mt at 26.2 per cent Fe was defined. \n \n \n Kallak was first discovered by the Geological Survey of Sweden (\"SGU\") in the 1940s and was designated an Area of National Interest (\"ANI\") by the SGU in 2013. The SGU's latest research on Kallak was published in May 2020, with the headline 'New light on the iron ore at Kallak'.\n \n \n Highlights:\n \n \n · \n Beowulf has awarded a drilling contract to Kati Oy for up to 1,650 metres diamond drilling, targeting additional potential iron ore mineralisation at Kallak South. \n \n \n · \n The work programme will determine if a 3D seismic model can be constructed, using the established seismic characteristics of the Kallak deposit, and whether the 3D model can be used to identify additional iron ore mineralisation for the Exploration Target. \n \n \n · \n The work is being undertaken as part of the European Union (\"EU\") funded PACIFIC Project (\"PACIFIC\"). The ai...