Beowulf Mining, the AIM and AktieTorget traded mineral exploration company, has announced that a drilling programme will commence this week at its Kallak Iron Ore deposit at Jokkmokk in northern Sweden.
A grid pattern of 35 holes, totalling 3,500 metres of drilling is expected to cover the complete deposit and potential surrounding areas. The drilling programme is expected to be completed by July 2010 with all analytical testing completed in August 2010.
All the drill cores will be geologically logged and the sections selected for analysis are expected to be assayed at the ALS/Chemex laboratory in the town of Piteå in northern Sweden. The drill cores will continuously be assayed as received at the laboratory. Assay results for the initial drill holes are expected in June 2010 and the full final test results are anticipated to be received during August 2010.
The objective of the drilling programme is to further define the quantity and quality of iron ore already known to be present in the licence area and to allow a maiden JORC compliant resource/reserve to then be sought.
Commenting on the drilling programme, Beowulf's Exectuive Chairman,Clive Sinclair-Poulton said:
“We are delighted to confirm that drilling will shortly commence on the Kallak iron deposit as anticipated. With the recent promising findings of RMG’s conceptual study and MINPRO’s encouraging metallurgical test results indicating that Kallak is potentially able to produce a high grade, high quality product, we look forward to announcing the results of the drilling programme in due course. We also look forward to the planned drilling programme at our Ruoutevare iron ore deposit scheduled for Q4 2010 which is also expected to enhance the Company’s asset base.”
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