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Beowulf Mining plc issues Parkijaure exploration update

Published by
Global Mining Review,


The mineral exploration and development company, Beowulf, has given an update on its work programme for its Parkijaure ‘NR4’ and ‘NR5’ exploration licences, which are situated south of the Kallak project area, and are prospective for magnetite iron ore.

The company is currently focused on the Kallak iron ore project, as well as Åtvidaberg polymetallic exploration license and other projects across Sweden and Finland.

There is evidence of the magnetite minerlisation at Kallak extending southwards from Kallak North to Kallak South, and then beyond to the Parkijaure licences. Interpretation of scan data suggests the potential for additional mineralisation, which could add to the overall Kallak resource.

In mid September, the company will mobilise its exploration team to conduct a ground-magnetic survery, geololgical mapping and a ground magnetic and gravimetric anomalies. The Autumn work programme will last approximately four weeks, and enable the Company to identify drill targets that could feature in a 2018 Kallak drilling programme.

With the restart of exploration activity at Kallak and Parkijaure, and with continuing work programmes on its other exploration licences in Sweden, the Company is in the process of hiring a full-time Project Geologist to be based in Jokkmokk.

Kurt Budge, CEO, commented:

“It’s exciting to be starting work at Parkijaure, which we hope, with drilling, will significantly add to the iron ore resource already defined at Kallas.

“To date, we have suspended further exploration on our Kallak and surrounding licences, as we waited for a decision to be made on the Kallak North Exploitation Concession, however, we have now decided to move forward with our investigations.

“We are looking to build a strong, modern and sustainable mining business in Sweden, and, as part of that, we will illustrate that Jokkmokk has a potential iron ore district associated with both the Kallak and Parkijaure licences. I look forward to updating shareholders on our findings in due course.”

Read the article online at: https://www.globalminingreview.com/exploration-development/22082017/beowulf-mining-plc-issues-parkijaure-exploration-update/


 

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