Beowulf focused on the Kallak magnetite iron ore project and the Åtvidaberg polymetallic exploration licence in Sweden, and its graphite portfolio in Finland, is pleased to provide an update on its work programme for its Parkijaure nr 4 and nr 5 exploration licences, which are situated south of the Kallak project area, and are prospective for magnetite iron ore.
The magnetic signature of magnetite mineralisation at Kallak, extends southwards from Kallak North to Kallak South, and then beyond to the Parkijaure licences. Interpretation of geophysical data suggests the potential for additional magnetite mineralisation, which could add to the Kallak North and Kallak South resource.
In the middle of September, the Company will mobilise its exploration team to conduct a ground-magnetic survey, geological mapping, and to ground-check historic airborne magnetic, ground magnetic and gravimetric anomalies. The Autumn work programme will last approximately four weeks, and enable the Company to identify drill targets that could feature in a 2018 Kallak drilling programme.
With the restart of exploration activity at Kallak and Parkijaure, and with continuing work programmes on its other exploration licences in Sweden, the Company is in the process of hiring a full-time Project Geologist to be based in Jokkmokk.
