“We look forward to keeping shareholders updated on our progress.”
Beowulf 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 announce further results from its recently completed eight-hole diamond drill programme at its 100 per cent owned Aitolampi graphite prospect.
Drilling confirms that electromagnetic anomalies identified at Aitolampi are associated with wide zones of graphite mineralisation, with a mineralised strike length of at least 350m along the main conductive zone drill-tested, dipping between 40 and 50 degrees to the southwest. The main EM zone extends for 700m.
It should be noted that the mineralisation intercepts are the down-hole widths and are not the true width of mineralisation. All samples were prepared and analysed by ALS Finland Oy’s laboratory in Outokumpu.
Composite samples for metallurgical testwork have been dispatched to SGS Mineral Services in Canada, including an average grade composite for the main conductive zone, a higher-grade composite for the main conductive zone/near-surface mineralisation, and a higher-grade composite for the parallel conductive zones. Results are expected in the summer.
Kurt Budge, Chief Executive Officer of Beowulf, commented:
"We are pleased to provide a further update on our recent drilling programme, having now put some scale to the mineralisation at Aitolampi, along strike and sub-surface. We have drilled half the length of the 700m EM conductive zone and confirmed mineralisation. We look forward to the results of the metallurgical testwork on three composite samples, which will add to the current picture, and demonstrate what we can produce from Aitolampi, in terms of concentrate grades and flake size distribution.
