· High grade assays have been returned for one drillhole showing an average grade of 52.87% Fe over an intersection of 36.35 metres, including 55.65% Fe over 16.68 metres.
· For the same drillhole and including the intersections above, the high grade intersection runs almost 90 metres averaging 42% Fe, starting approximately 245 metres below surface.
· The latest assays have returned the highest grades over the longest intersections seen since Beowulf started exploration on the Kallak orebody.
· The drilling results show that for this part of Kallak South the mineralization is mostly comprised of massive hematite, dipping towards the southeast and remaining open at depth. Taken together with previous drilling, the latest findings extend Kallak South by 350 metres to the north, whilst the orebody remains open to the south.
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