Shares in AIM-listed mineral exploration company Beowulf Mining rose after the company reported that its Kallak deposits had been designated an 'Area of National Interest' for minerals by the Swedish Geological Society. [25 Feb '13]
Beowulf, the Sweden-focused mineral exploration company, jumped 10% after it said latest assay results from its completed drill programme at its Kallak North mine were "most encouraging". The results included indications of further high grade iron mineralisation on the southerly extension of the deposit, the company said. It has also received approval from the County Administrative Board of Norrbotten for test mining at the site. [17 Oct '12]
Angel Mining, which is currently focused on building a successful mining operation in Greenland, cheered its investors with the news that as of July 31st it had sold 7,569 ounces of gold at an average price of 1,668 dollars per ounce since its first gold sale in August 2011. The firm is continuing to work towards its main project, the Black Angel zinc/lead mine, which it expects to become operational by 2014/15. The costs of this are expected to be met by gold sales. The firm [31 Aug '12]
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