Beowulf to drill deep at Ballek project in Sweden with early copper signs

27 January 2014 (Last Updated January 27th, 2014 18:30)

Beowulf Mining said its new drill programme on Ballek copper-gold project in Sweden is progressing as planned.

Beowulf Mining said its new drill programme on Ballek copper-gold project in Sweden is progressing as planned.

Following this, Beowulf Mining, a mineral exploration company principally focused on developing the group's Kallak North and Kallak South iron ore deposits in northern Sweden, plans to extend its 3,000m programme after witnessing copper sulphides.

The Ballek project, held by its joint venture subsidiary company, Wayland Copper, is located in the municipality of Arjeplog in the Norrbotten County and is owned jointly and equally by Beowulf and its joint venture partner, Energy Ventures.

"Beowulf Mining said their new drill programme on Ballek copper-gold project in Sweden is progressing as planned."

The drill programme is designed to test previously indicated copper targets at depth, under which the first hole will now be extended to approximately 350m with 300m already completed.

Drilling on the second hole, approximately 175m to the east, will start shortly, Beowulf said.

An application has been registered by its wholly owned subsidiary, Jokkmokk Iron Mines, with the Swedish Mining Inspectorate for a new exploration permit, Ågåsjiegge nr2, covering an area of 6,836ha adjacent to the group's existing Kallak project area.

Beowulf Mining executive chairman Clive Sinclair-Poulton said that despite extreme weather conditions, the drill programme on Ballek is progressing as scheduled.

"I look forward to providing a further update on our ongoing Ballek campaign and the group's recently registered application for a new exploration permit, Ågåsjiegge nr2, covering a sizeable area of known iron mineralisation adjacent to our existing Kallak project, in due course," Poulton said.

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