13th May 2005 09:30
Beowulf Mining PLC13 May 2005 BEOWULF MINING plc Amendment to the Copper gold deposit acquired announcement, RNS number 2407M, released on 12 May at 14:35. Please note that the second paragraph should read 0.25 grams per tonne of gold rather than 0.25% gold. 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, some100 km's south west of Beowulf's Jokkmokk properties. The Ballek claims contain the copper gold Lulepotten deposit, which was drilledbetween 1960-71 by the Geological Survey of Sweden, who estimated the depositcontained 5.1 million tonnes of 0.73% copper, 0.25 grams per tonne of gold and 7grams per tonne of silver. This resource estimate is historical and does notconform to the Canadian NI 34-101 or Australian JORC resource definitions. The Lulepotten deposit is only one of several copper gold zones in the Ballekarea. 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 areaas the Olympic Dam deposit in Australia. The area of the gravity anomaly isassociated with cross cutting high magnetic anomalies. Maps of the claims are shown on www.beowulfmining.com Contact: Dr. Robert Young, ChairmanBeowulf Mining plc Tel: +44-(0)1353 649 701 Gavin BurnellRuegg & Co. Limited Tel: +44-(0)207 584 3663 Nick BealerPhillip Securities (UK) Ltd Tel: +44-(0)207 426 5986 Gary MiddletonSt Swithin's Public Relations Tel +44 (0) 207 429 4391 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Beowulf