Business
Update re Kallak Iron Ire Project
Update re Kallak Iron Ire Project.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 3423D Beowulf Mining PLC 22 March 2011 \n \n\n \n22 March 2011\nBeowulf Mining Plc\n(\"Beowulf\" or the \"Company\")\nUpdate re Kallak Iron Ore Project\nInitial assay results received for the first 10 drillholes on Kallak South\nHighlights:\n· Assay results received for the first ten drillholes of the Company's diamond drilling programme at its Kallak South iron ore deposit confirm the presence of high grade iron ore of a similar type and quality to that encountered at Kallak North.\n \n· Initial drill results from the ongoing drilling programme confirm the presence of high grade iron mineralisation over significant widths of up to 400 metres. Drilling is expected to be completed by the end of Q2 2011. Following completion of this programme drilling will recommence at Kallak North.\n· The results of the initial drilling and the measured size of the magnetic anomaly confirm earlier estimates of the presence of more than 400 million tonnes of iron ore at Kallak South.\n \n· Bench scale metallurgical tests, including DTR (Davis Tube Recovery) tests on ore grade material from Kallak South are currently being conducted by MINPRO AB in order to further assess the quality of the iron ore. \n· Preparation of an independent JORC compliant resource estimate for the Kallak North deposit, based on the Company's 2010 drilling results and historic data is currently ongoing and scheduled to be completed in Q2 2011.\n \n· Work has recently commenced with respect to a planned formal application to transfer the existing exploration permits for the Kallak project area into an exploitation (mining) licence which will, inter alia, involve the commissioning of an Environmental Impact Study (EIS). \n· Subject to the receipt of all necessary regulatory approvals, pilot scale test mining and further metallurgical testing, including further DTR studies, are currently intended to commence in Q1 2012 with deliveries of large quantities of high quality pellet feed material (containing approximately 70% Fe) to potential customers expected to potentially start later in 2012.\nClive Sinclair-Poulton, Executive Chairman of Beowulf,...