Beowulf Mining PLC - exploration and development company with projects in Finland, Sweden, and Kosovo - Reports results from induced polarisation and resistivity surveys by Vardar Minerals at the Metal Creek prospect. This prospect is part of the Viti project in southeast Kosovo. Says the survey "delineated high chargeability anomalies associated with an extensive [north-northwest] trending zone of alteration and anomalous multi-element soil sample and rock grab sample results." Notes that the newly defined anomalies are in close proximity to gold and copper mineralisation intersected by drilling in 2019. Vardar now plans to drill two short holds to test chargeability hotspots as anomalies might "represent higher grade mineralised zones". Beowulf owns 46.1% of Vardar.
Current stock price: 4.70 pence; up 12% on Thursday
Year-to-date change: up 1.3%
By Anna Farley; annafarley@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
Beowulf (BEM)