Beowulf Mining PLC Regulatory News (BEM)

2 Oct 2006 11:41

Beowulf Mining PLC02 October 2006 PRESS RELEASE BEOWULF MINING REPORTS FURTHER DRILLING AT THE GRUNDTRASK GOLD PROSPECT, NORTHERN SWEDEN. London 2 October: Beowulf Mining PLC (AIM:BEM), the AIM listed mineralexploration company is pleased to announce that a further drilling programme isto begin in October on the company's 100%-owned Grundtrask gold project in theSkellefte Mining District, N. Sweden. This resource drilling programme will befocussed on the southern extension of the "Central Gold Zone" where high goldgrades recently have been reported from drilling by Beowulf. Further extensionsof this zone are to be tested. The gold mineralisation, which presently is known to extend for over 750 m, isopen both along strike and at depth. Detailed geological logging of drill cores has identified extensive alterationzones and shearing associated with the gold mineralisation. In order to obtaininformation on how the gold occurs within the mineralised material, selectedsamples of drill core with high gold grades have been submitted formineralogical studies at the Natural History Museum, London. Prior to starting the drill programme detailed geophysical (magnetic and VLF)surveys will be completed across the indicated extensions of the mineralisation.These surveys, which will assist with locating the drill sites, will startshortly and should be completed in the second week of October. For further information :- Dr. Robert Young, ChairmanBeowulf Mining plc Tel: +44-(0)1353 649 701 Gavin BurnellRuegg & Co. Limited Tel: +44-(0)207 584 3663 Nick BealerKing & Shaxson Tel: +44-(0)207 426 5986 Charles DampneyCity Capital Securities Limited Tel: +44-(0)207 822 7107 Gary MiddletonSt Swithin's Public Relations Tel: +44 (0) 207 429 4391 This information is provided by RNS The company news service from the London Stock Exchange