Beowulf Mining PLC
02 October 2006
PRESS RELEASE
BEOWULF MINING REPORTS
FURTHER DRILLING AT THE GRUNDTRASK GOLD PROSPECT, NORTHERN SWEDEN.
London 2 October: Beowulf Mining PLC (AIM:BEM), the AIM listed mineral
exploration company is pleased to announce that a further drilling programme is
to begin in October on the company's 100%-owned Grundtrask gold project in the
Skellefte Mining District, N. Sweden. This resource drilling programme will be
focussed on the southern extension of the 'Central Gold Zone' where high gold
grades recently have been reported from drilling by Beowulf. Further extensions
of this zone are to be tested.
The gold mineralisation, which presently is known to extend for over 750 m, is
open both along strike and at depth.
Detailed geological logging of drill cores has identified extensive alteration
zones and shearing associated with the gold mineralisation. In order to obtain
information on how the gold occurs within the mineralised material, selected
samples of drill core with high gold grades have been submitted for
mineralogical studies at the Natural History Museum, London.
Prior to starting the drill programme detailed geophysical (magnetic and VLF)
surveys will be completed across the indicated extensions of the mineralisation.
These surveys, which will assist with locating the drill sites, will start
shortly and should be completed in the second week of October.
For further information :-
Dr. Robert Young, Chairman
Beowulf Mining plc Tel: +44-(0)1353 649 701
Gavin Burnell
Ruegg & Co. Limited Tel: +44-(0)207 584 3663
Nick Bealer
King & Shaxson Tel: +44-(0)207 426 5986
Charles Dampney
City Capital Securities Limited Tel: +44-(0)207 822 7107
Gary Middleton
St Swithin's Public Relations Tel: +44 (0) 207 429 4391
This information is provided by RNS
The company news service from the London Stock Exchange