Business
Kallak Iron Ore Update
Kallak Iron Ore Update.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \nRNS Number : 0505M Beowulf Mining PLC 10 August 2011 \n \n\n10 August 2011\nBeowulf Mining Plc\n(\"Beowulf\" or the \"Company\")\n Update re Kallak Iron Ore Project\nKallak South drilling programme completed indicating the\npresence of more than 400Mt of iron ore\nDrilling underway at Kallak North to include testing for a possible connection \nwith the adjacent Kallak South deposit\nHighlights:\n· Completed drilling programme at Kallak South has confirmed that magnetite iron mineralisation extends for 2,200m in a N-S direction with mineralised E-W cross sections of more than 200m width and extending to depths of more than 275m.\n· Assay results received to date have confirmed the presence of high grade iron mineralisation (>30% Fe) over significant widths. \n· A further drill programme of 1,500m is underway at Kallak North to include testing for a possible connection with the adjacent Kallak South deposit.\nClive Sinclair-Poulton, Executive Chairman of Beowulf, commented:\n \n\"I am delighted to announce that drilling on the Kallak South iron ore deposit has been completed and the latest assay results have continued to show fantastic results. \n \nWe now intend to incorporate the results for both Kallak South and the ongoing additional 1,500m drill programme at Kallak North into the independent JORC assessment and I therefore look forward to announcing a maiden Inferred resource estimate for both of the Kallak deposits before the end of this year.\n \nSubject to the results from our further drilling at Kallak North, I also hope to be in a position to announce that Kallak North and Kallak South are potentially one ore body, forming a single large iron ore deposit, which we believe could extend to approximately 4km in length\".\n \nBeowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration company which owns several exploration projects in Sweden, is pleased to announce a further update in respect of its wholly owned Kallak Iron Ore Project. The drilling campaign on the Kallak South deposit has now been completed and a further 1,500m drilling programme is currently progressing as planned on the Kallak North deposit. \n \nThe Kallak South campaign comprised a total of 32 holes, drilled in a grid pattern of t...