Stock Market News
Beowulf Mining begins drilling at Aitolampi project
Mineral exploration and development company Beowulf Mining announced on Friday that drilling at its Aitolampi graphite project - part of its 100%-owned exploration permit Pitkäjärvi 1 - was now underway.
The AIM-traded firm said it was planning to drill approximately 2,000 metres, up to 15 drill holes, with the drilling programme split into two phases.
It said the drilling contract was awarded to a local Finnish contractor, Oy Northdrill.
The first phase would be drilled on snow-covered ground, and take between three and four weeks to complete, with samples being sent for analysis and testwork concurrently with drilling.
After the information collected from the first phase of drilling has been fully analysed, the second phase of drilling would commence, most likely in the summer of 2018.
The company said the drilling programme for the year would support its objectives of defining a maiden resource of between four and five million tonnes, following the guidelines of the JORC Code 2012 edition, and conducting a scoping study.
"It's great to be back drilling at Aitolampi, and working again with local Finnish contractor Northdrill, who did an excellent job for us in 2017," said Beowulf CEO Kurt Budge.
"There's a growing buzz in Finland regarding battery minerals and metals, and we hope to take advantage of this.
"I look forward to making further updates on our progress."
The AIM-traded firm said it was planning to drill approximately 2,000 metres, up to 15 drill holes, with the drilling programme split into two phases.
It said the drilling contract was awarded to a local Finnish contractor, Oy Northdrill.
The first phase would be drilled on snow-covered ground, and take between three and four weeks to complete, with samples being sent for analysis and testwork concurrently with drilling.
After the information collected from the first phase of drilling has been fully analysed, the second phase of drilling would commence, most likely in the summer of 2018.
The company said the drilling programme for the year would support its objectives of defining a maiden resource of between four and five million tonnes, following the guidelines of the JORC Code 2012 edition, and conducting a scoping study.
"It's great to be back drilling at Aitolampi, and working again with local Finnish contractor Northdrill, who did an excellent job for us in 2017," said Beowulf CEO Kurt Budge.
"There's a growing buzz in Finland regarding battery minerals and metals, and we hope to take advantage of this.
"I look forward to making further updates on our progress."
Related share prices |
---|
Beowulf Mining (BEM) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price