Business
New Drill Program Begins
New Drill Program Begins.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n Beowulf Mining PLC\n07 December 2006\n\n\n\n Beowulf begins new drill program for gold at Grundtrask, N. Sweden\n\n\nLondon: 7 December, 2006: Beowulf Mining PLC (AIM: BEM), the AIM listed mineral\nexploration company is pleased to announce that diamond drilling commenced today\non the company's 100 % owned Grundtrask gold project area in the Skellefte\nMining District of Northern Sweden.\n\n\nThis drill programme is scheduled to complete a minimum of 500m of core drilling\ntesting the continuation along strike of the 'Central Gold Zone', where previous\ndrilling by the company has identified gold-bearing structures over substantial\nwidths, (for example drill-hole 06002, 5.2m @ 4.28g/t Au from 5.8m depth;\ndrill-hole 06003, 7.6m @ 2.43g/t Au from 10.10m depth; drill-hole 05004, 13.95m\n@ 1.94g/t Au from 27.85m depth).\n\nNew drill sites have been selected from results of recently completed ground\ngeophysical surveys (magnetic and very low frequency electromagnetics (VLF))\nconducted by Beowulf and integrating the results with the projected trace of the\nmineralisation already intersected.\n\n\nIt is anticipated that the present drill program will be completed in a two-week\nperiod.\n\n\nThe structure hosting the Central Gold Zone is at least 750m in length with\nwidths of up to 25m consisting of a central higher grade gold core surrounded by\na lower grade halo. It is open along strike and at depth. Previous drilling has\nencountered mineralisation at shallow depths and it is interpreted to be\nsub-cropping along most of its extension under a relatively thin cover (12\nmetres or less) of glacial till and sediments making the deposit potentially\namenable to open pit mining.\n\n\n\nFor further information:\n\nDr. Robert Young, Chairman\nBeowulf Mining plc Tel: +44-(0)1353 649 701\n\nGavin Burnell\nRuegg & Co. Limited Tel: +44-(0)207 584 3663\n\nNick Bealer\nKing & Shaxson Tel: +44-(0)207 426 5986\n\nCharles Dampney\nCity Capital Securities Limited Tel: +44-(0)207 822 7107\n\nGary Middleton\nSt Swithin's Public Relations Tel: +44 (0) 207 429 4391\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":2321,"tagName":"div"}]