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Note: The company changed its name from Beowulf Gold plc to Beowulf Mining plc on the 4th April 2005. This was done to reflect the broader mining and exploration goals of the company.
- Previous company press releases have not been changed and will therefore still refer to the company as Beowulf Gold plc
- All new press releases will refer to Beowulf Mining plc
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NEWS RELEASE 12th May 2005
COPPER GOLD DEPOSIT ACQUIRED
- Beowulf Mining acquires undeveloped copper gold deposit in northern Sweden
- The area has many signatures of an Olympic Dam type deposit
Beowulf Mining plc ("Beowulf") has been awarded two claims - Ballek 2 and 3, which cover 76 square kilometres in the Arjeplog County of northern Sweden, some 100 km's south west of Beowulf's Jokkmokk properties.
The Ballek claims contain the copper gold Lulepotten deposit, which was drilled between 1960-71 by the Geological Survey of Sweden, who estimated the deposit contained 5.1 million tonnes of 0.73% copper, 0.25 grams per tonne gold and 7 grams per tonne of silver. This resource estimate is historical and does not conform to the Canadian NI 34-101 or Australian JORC resource definitions.
The Lulepotten deposit is only one of several copper gold zones in the Ballek area. The zones contain sulphide mineralisation composed of chalcopyrite, bornite, chalcoite with abundant iron oxides.
All the deposits overlie a gravity anomaly of almost the same magnitude and area as the Olympic Dam deposit in Australia. The area of the gravity anomaly is associated with cross cutting high magnetic anomalies.
For the diagrams associated with this press release please go to Company Presentation 1 - Click Here
For further information please contact;
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Gary Middleton
Matt Scuffam
St Swithin’s Public Relations
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+44 (0) 1353 649 701
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+44 (0) 207 429 4391
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Gavin Burnell
Ruegg & Co. Limited
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Nick Bealer
Phillip Securities (UK) Ltd
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+44-(0)207 584 3663
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+44-(0)207 553 8281
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