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Majdan Peak Gold Target
Majdan Peak Gold Target.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3150E\n Beowulf Mining PLC\n 05 November 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 5 November 2020\n \n \n Beowulf Mining plc\n \n \n (\"Beowulf\" or the \"Company\")\n \n \n Majdan Peak Gold Target Shows IP \n \n Anomalies For Drill Testing\n \n \n \n \n Beowulf (AIM: BEM; \n Spotlight\n : BEO), the mineral exploration and development company, is pleased to announce results from an Induced Polarisation (\"IP\") and resistivity survey completed across the Majdan Peak gold target at Vardar Mineral's (\"Vardar\") Mitrovica licence in Northern Kosovo. Beowulf owns 46.1 per cent of Vardar.\n \n \n Highlights:\n \n \n · \n Highly anomalous IP chargeability targets have been mapped for both Majdan Peak and the target area directly south, Madjan Peak South.\n \n \n · \n Chargeability targets correlate well with anomalous rock and soil samples, mapped alteration and zones of demagnetisation identified in the recent high-resolution drone magnetic survey.\n \n \n · \n Importantly, the IP anomalies demonstrate depth extent suggesting that the mapped surficial gold mineralisation is related to a potentially large underlying source (over 700 metres in strike length with significant width and thickness).\n \n \n · \n Zones of high resistivity correlate well with mapped silicification and advanced argillic alteration which appear to overlay the main IP chargeability target, as would be expected in a typical high-sulphidation gold deposit.\n \n \n · \n Shallow IP anomalies follow structural trends mapped in the magnetic data suggesting a structural control to the distribution of mineralisation which may link up to the carbonate replacement lead-zinc ore bodies of the neighbouring Stan Terg deposit.\n \n \n · \n Majdan Peak IP-DC Summary Slide:\n \n \n \n https://beowulfmining.com/wp-content/uploads/2020/11/Majdan-Peak-IP-DC.pdf\n \n \n \n \n \n \n \n \n \n Kurt Budge, Chief Executive Officer of Beowulf, commented:\n \n \n \n \n \n \"It's a good time to have a gold target in the portfo...