another string to bow16 Feb 2018 07:22
Aitolampi Drilling Now Underway
Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company, focused on the Kallak magnetite iron ore project and the �tvidaberg polymetallic exploration licence in Sweden, and its graphite portfolio in Finland, is pleased to announce that drilling at its Aitolampi graphite project is now underway. Aitolampi is part of the Company's 100 per cent owned Exploration Permit Pitk�j�rvi 1.
The Company has plans to drill approximately 2,000 metres, up to 15 drill holes, with the drilling programme split into two phases. The drilling contract has been awarded to a local Finnish contractor, Oy Northdrill.
The first phase will be drilled on snow covered ground and take three to four weeks to complete, with samples being sent for analysis and testwork concurrently with drilling. After the information collected from the first phase of drilling has been fully analysed, the second phase of drilling will commence, most likely in the summer of 2018.
The drilling programme for this year will support our objectives of defining a maiden resource of 4-5 million tonnes, following the guidelines of the JORC Code 2012 edition, and conducting a Scoping Study.
Kurt Budge, CEO, commented:
"It's great to be back drilling at Aitolampi, and working again with local Finnish contractor Northdrill, who did an excellent job for us in 2017.
"There's a growing buzz in Finland regarding battery minerals and metals, and we hope to take advantage of this.
"I look forward to making further updates on our progress".