Business
Operational Update
Operational Update.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \nRNS Number : 6762P Beowulf Mining PLC 21 August 2014 \n \n\n21 August 2014\n \n \nBeowulf Mining Plc\n(\"Beowulf\" or the \"Company\")\nOperational Update \n \nBeowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company principally focused on the Kallak North and Kallak South iron ore projects in northern Sweden, announces an operational update. \n \nBackground\n \nThe Kallak iron ore project is wholly owned by Beowulf's operating subsidiary, Jokkmokk Iron Mines AB (\"JIMAB\"), and is located within the municipality of Jokkmokk in the Norrbotten County of Sweden. The Ballek copper project is located in the Arjeplog municipality also in the Norrbotten County and is owned and operated by Beowulf's majority owned subsidiary, Wayland Sweden AB.\n \nHighlights\n \nKallak\n· Kallak North: Very promising assay results received for the first four holes totalling 1,191m phase II of drilling. Significant long intercepts are noted in all holes which include one inclined hole with a significant intercept from surface to 249.99m along drill core averaged 30.68 per cent. iron. A 17m section of the same hole returned 41.16 per cent. average iron content;\n· The existing work plan for Kallak North deposit remains valid until 31 October 2015 for up to a total of 11,000m of drilling;\n· Kallak South: A total of 5,051m of drilling has been completed in the 2014 winter campaign, covering 16 holes all inclined at 45 or 60 degrees and directed towards west. Iron mineralisation has been encountered in most holes; \n· Encouraging initial assay results have been received for seven holes located at the most northerly end of the Kallak South deposit. A long and significant intercept is noted in drill hole KS 14 001 with 149,84 m at 26.43 per cent. average iron content; and\n· A new work plan is in place for Kallak South which envisages up to a total of 18,000m of drilling until to 31 December 2015.\nBallek\n· 2,039m of drilling have been completed for a total of 8 drill holes located within the Ballek greentone belt area on three separated, previously indicated copper targets of iron oxide copper gold (\"IOCG\") type as defined...