Business
Parkijaure Exploration Update
Parkijaure Exploration Update.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \nRNS Number : 4653O Beowulf Mining PLC 21 August 2017 \n\n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (\"MAR\") (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\nFor the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Kurt Budge, Chief Executive Officer.\n \n21 August 2017\n \nBeowulf Mining plc\n(\"Beowulf\" or the \"Company\")\nParkijaure Exploration Update\n \nBeowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company, focused on the Kallak magnetite iron ore project and the Åtvidaberg polymetallic exploration licence in Sweden, and its graphite portfolio in Finland, is pleased to provide an update on its work programme for its Parkijaure nr 4 and nr 5 exploration licences, which are situated south of the Kallak project area, and are prospective for magnetite iron ore.\n \nThe magnetic signature of magnetite mineralisation at Kallak, extends southwards from Kallak North to Kallak South, and then beyond to the Parkijaure licences. Interpretation of geophysical data suggests the potential for additional magnetite mineralisation, which could add to the Kallak North and Kallak South resource. \n \nIn the middle of September, the Company will mobilise its exploration team to conduct a ground-magnetic survey, geological mapping, and to ground-check historic airborne magnetic, ground magnetic and gravimetric anomalies. The Autumn work programme will last approximately four weeks, and enable the Company to identify drill targets that could feature in a 2018 Kallak drilling programme.\n \nWith the restart of exploration activity at Kallak and Parkijaure, and with continuing work programmes on its other exploration licences in Sweden, the Company is in the process of hiring a full-time Project Geologist to be based in Jokkmokk. \n \nKurt Budge, CEO, commented:\n \n\"It's exciting to be starting work at Parkijaure, which we hope, with drilling, will significantly add to the iron ore resource already defined at Kallak.\n \n\"To date, we have suspended further exploration on our Kallak ...