Beowulf Mining PLC
23 August 2005
BEOWULF MINING PLC
NEW CLAIM BALLEK 4 AWARDED
London 22 August 2005 : Beowulf Mining plc ('Beowulf') has claimed Ballek 4
covering 22 square kilometres in the Arjeplog County of northern Sweden. The
claim is to the south of claims Ballek 2 and 3, which are subject to a right of
first refusal to joint venture granted to Gold Fields Exploration B.V. ('Gold
Fields') by Beowulf.
Ballek 4 covers the southern part of a large gravity anomaly and a uranium
bearing boulder referred to in an announcement made by Beowulf on 10 August
2005. Maps are shown on www.beowulfmining.com .
The Ballek licences 2, 3 and 4 cover 11 copper prospects, including the
Lulepotten copper-gold deposit which was drilled by the Geological Survey of
Sweden between 1960 and 1971 and found to contain 5.1 million tonnes of 0.73%
copper and 0.25 grams per tonne of gold.
Gold Fields, as part of their due diligence under the first right of refusal on
the Ballek 2 and 3 claims, have commissioned over 300 metres of drill core to be
cut and assayed for multi-element analysis. Beowulf has located sections of the
drill core which are radioactive with uranium mineralization on claims Ballek 2
and 3. Beowulf has also found 9 locations with uranium rich boulders overlying
the Ballek claims 2, 3 and 4. (See press release 10 August 2005).
For further information contact :-
Dr Robert Young, Beowulf Mining PLC Tel. +44 (0) 1353 649 701
Mr Gavin Burnel, Ruegg & Co. Ltd Tel. +44 (0) 207 584 3663
Mr Gary Middleton, St. Swithins PR Tel. +44 (0) 207 929 4391
Mr. Nick Bealer, King & Shaxson Tel. +44 (0) 207 426 5986
This information is provided by RNS
The company news service from the London Stock Exchange