Business
Operational Update re Ballek
Operational Update re Ballek.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n RNS Number : 5715G Beowulf Mining PLC 03 February 2010 \n \n\nBeowulf Mining Plc\n(\"Beowulf\" or the \"Company\")\n \nOperational Update re Ballek JV Project\n \nHighlights:\n \n· Drilling commenced at the Company's Ballek copper-gold-uranium JV project.\n \n· 1,600m drilling programme expected to take up to 1 month.\n \n· Drilling results anticipated by the end of April 2010.\n \nBeowulf (AIM: BEM; Aktietorget: BEO), the AIM and Aktietorget traded mineral exploration company which owns several exploration projects in Sweden, is pleased to announce that further to the announcement of 29 September 2009, it has recently received an operational update from its joint venture partner, Energy Ventures Limited, in respect of the Company's Ballek joint venture project.\n \nDrilling targets have been selected on the basis of existing geophysical data, contractors have been appointed and drilling has commenced. The diamond drill programme, comprising 1,600 metres, has begun on the Jonastjarn area, south of the Lulepotten deposit. A work plan was submitted to The Mining Inspectorate of Sweden and to local land owners for approval and no objections to the programme were received. The proposed drill programme is expected to take 3 to 4 weeks to complete, following which geological logging and sampling activities will be undertaken, with results anticipated by the end of April 2010. \n \nClive Sinclair-Poulton, Executive Chairman of Beowulf commented:\n\"Freezing climatic conditions may bring chaos in the UK and Ireland, but in Sweden it allows easier site access for drilling crews. We believe that the upcoming drill programme will further show the potential of our Ballek copper resource and I look forward to updating shareholders in due course following receipt of results from the initial drill targets.\" \nEnquiries:\n\n\n\n\nBeowulf Mining Plc\n\n\n\n\n\n\n\nClive Sinclair-Poulton, Chairman\n\n\nTel: +353 (0)85 739 2674\n\n\n\n\n\n\n\n\n\n\n\n\nStrand Hanson Limited\n\n\n\n\n\n\n\nMatthew Chandler / Simon Raggett\n\n\nTel: +44 (0) 207 409 3494\n\n\n\n\n\n\n\n\n\n\n\n\nAlexander David Securities Limited\n\n\n\n\n\n\n\nDavid Scott / Nick Bealer\n\n\nTel: +44 (0) 207 448 9820\n\n\n\n\n\n\n\n\n\n\n\n\nLothbury Financi...