Business
Red Lead - Exploration Target Identified
Red Lead - Exploration Target Identified.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (\"MAR\") (EU) No. 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n \n 14 December 2022\n \n \n Beowulf Mining plc\n \n \n (\"Beowulf\"\n or the\n \"\n Company\n \")\n \n \n Red Lead - Highly prospective Lead-Zinc-Silver Exploration Target Identified\n \n \n Beowulf (AIM: BEM;\n Spotlight\n : BEO), the mineral exploration and development company, is pleased to announce new results from detailed geological mapping over the highly prospective Red Lead target, located within the Mitrovica licence, in Kosovo, being explored by Vardar Minerals Ltd (\"Vardar\"), which Beowulf is a 59.5 per cent. shareholder of.\n \n \n Red Lead shares similarities observed at the neighbouring world-class Stan Terg deposit, such as the same host rocks, trachyte heat source, hydrothermal breccias and hydrothermal alteration patterns. The Stan Terg deposit is located just two kilometres to the east of Red Lead and has a resource of 63 million tonnes at 3.5 per cent. lead, 2.3 per cent. zinc and 80 grammes per tonne silver - based on past production and estimated remaining reserves at the same grade, and therefore Red Lead is highly prospective for the same metals and possible economic mineralisation.\n \n \n Chris Davies, Non-Executive Director and Kurt Budge, CEO were in Kosovo a few weeks ago to see the drilling operation on Majdan Peak. Three full days were spent reviewing technical aspects of the exploration programme, which proved invaluable, giving us a thorough appreciation of the excellent and high-quality work being performed by the local Vardar team.\n \n \n \n Highlights:\n \n \n \n ·\n The Red Lead target is defined by a two kilometres East-Northeast trending lead-zinc-copper-gold soil sample anomaly along with:\n \n \n o \n Mineralised trachyte bodies (with up to three per cent zinc from rock sampling);\n \n \n o \n Prominent induced polarisation (\"IP\") anomalies indicative of potential sulphide metal sources; and\n \n \n o \n Hydrothermal breccias and gossanous outcrops....