Business
Option and earn-in agreement
Option and earn-in agreement.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n Beowulf Mining PLC\n13 December 2005\n\n\n BEOWULF MINING PLC\n\n News Release\n\n OPTION AND EARN-IN AGREEMENT ON BALLEK EXPLORATION PERMITS, NORTHERN SWEDEN\n\n\nLONDON: 13 December 2005 - The directors of Beowulf Mining PLC ('Beowulf') the\nAIM listed copper, gold and uranium explorer, are pleased to report the signing\nof an option and earn-in agreement on the Ballek 2, 3 and 4 exploration permits\nthat cover 100 square kilometres of Arjeplog County of Northern Sweden.\n\nVismand Exploration Inc ('Vismand') has been granted an option to acquire a 50%\ninterest in the licences by undertaking deep sensing Titan 24 geophysical\nsurveys (which includes induced polarization, resistivity and magneto telluric\nmethods), and 3000 metres of diamond drilling. Vismand have agreed to regular\npress releases and to conduct the program in an agreed time period.\n\nThe surveys are intended to identify targets associated with the gravity anomaly\nunder the claim block.\n\nVismand Exploration Inc. (www.vismand.com) is a private Canadian company which\nhas an impressively experienced board and exploration team. It recently raised\n$15.8m in exploration finance.\n\nFor further information contact :-\n\nJan Larsson\nBeowulf Mining plc Tel: +46 705 232 806\n\nGavin Burnell\nRuegg & Co. Limited Tel: +44-(0)207 584 3663\n\nNick Bealer\nKing & Shaxson Tel: +44-(0)207 426 5986\n\nGary Middleton\nSt Swithin's Public Relations Tel +44 (0) 207 429 4391\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1811,"tagName":"div"}]