Business
Operational Update re Kallak Iron Ore Project
Operational Update re Kallak Iron Ore Project.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \nRNS Number : 2052Y Beowulf Mining PLC 22 January 2014 \n \n\n22 January 2014\nBeowulf Mining Plc\n(\"Beowulf\" or the \"Company\")\n \nOperational Update re Kallak Iron Ore Project\n \nEncouraging assay results received for a further 10 drillholes at Kallak South \nand an initial 4 drillholes at Kallak North\nMetallurgical studies for pilot scale test work progressing as planned\nBeowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration company focused on developing the group's Kallak North and Kallak South iron ore deposits in northern Sweden, announces an operational update in respect of the group's Kallak iron ore project. The Kallak 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. \n \nHighlights:\n· Approximately 4,124m of drilling completed on Kallak South in 2013, covering 16 holes, with encouraging assay results received for the latest 10 holes. Significant results include one inclined drill hole with an intercept of 17.40m at 31.35 per cent. average iron content.\n· The new work plan notified and disseminated for Kallak South, for up to a total of 18,000m of drilling through to 31 December 2015, is now valid with similar conditions to the previous plan. A work permit for drilling is currently awaited from the County Administrative Board before commencing the 2014 drill campaign. \n· Promising assay results received for the first four holes from the 1,546m phase of drilling on Kallak North completed in August 2013. Significant results include one inclined hole with a long intercept of 90.20m at 41.37 per cent. iron. A 7.36m section in the same hole returned a result of 46.86 per cent. average iron content.\n· A further 615m of drilling completed on Kallak North in late 2013 and early 2014 prior to the local Sami community requesting a temporary suspension of works in accordance with their entitlement under the work plan. The existing work plan remains valid until 31 October 2015 for up to a total of 11,000m of drilling.\n· Metallurgical studies progressing well in respect of the first stage of pilot scale test work on material from t...