12 August, 2016

Beowulf Prioritises Exploration At New Graphite Prospect In Finland

The company is primarily focused on its iron ore project in Sweden but is exploring for graphite within its two projects in Finland while it awaits approval of the iron mine.

Beowulf Mining PLC on Tuesday said it plans to investigate a prospect at the Haapamaki project over the next few months whilst samples taken from that project and the company’s Piippumaki project are being analysed in a Canadian laboratory.

The company is primarily focused on its iron ore project in Sweden but is exploring for graphite within its two projects in Finland while it awaits approval of the iron mine.

Beowulf has completed an initial geological appraisal of Haapamaki, which lies around 40 kilometres south-west of the well-established mining town of Outokumpu. The findings to date are “very positive”, and the project is now considered a “priority target” for its exploration portfolio, the company said.

A new prospective area has been discovered at Haapamaki East, named Pitkajarvi, where graphitic schists on a fold limb are coincidental with an extensive electromagnetic anomaly defined by an earlier airborne survey undertaken by Geological Survey of Finland.

The area is 5.0 kilometres in length and up to 400 metres wide and is thought to hold high grades of graphite. Previous geophysical surveys resulted in Beowulf identifying 46 conductive bodies defined on 28 profiles, the strongest occurring with widths of up to 68 metres.

“Over the next few months, the company plans a programme of trenching, detailed geological mapping, rock-chip channel sampling and metallurgical testwork to further investigate the prospect, which will be followed by drilling to provide additional samples for metallurgical testwork and preliminary grade assessment,” Beowulf said.

Piippumaki lies in south-east Finland around 45 kilometres south-west of the town of Mikkeli. Surveys have identified 22 conductors defined on 13 profiles, including one EM conductor defined over a strike length of up to 1.6 kilometres. The anomalies show widths of up to 60.0 merres in the western part of the survey area.

“Thirty samples collected from graphite bearing outcrops and boulders at Piippumaki, Haapamaki and Haapamaki East, have been despatched to Activation Laboratories Ltd in Ontario, Canada for Cg, total carbon, total sulphur and multi-element analyses,” said the company.

source: lse.co.uk