13th Dec 2005 16:15
Beowulf Mining PLC13 December 2005 BEOWULF MINING PLC News Release OPTION AND EARN-IN AGREEMENT ON BALLEK EXPLORATION PERMITS, NORTHERN SWEDEN LONDON: 13 December 2005 - The directors of Beowulf Mining PLC ("Beowulf") theAIM listed copper, gold and uranium explorer, are pleased to report the signingof an option and earn-in agreement on the Ballek 2, 3 and 4 exploration permitsthat cover 100 square kilometres of Arjeplog County of Northern Sweden. Vismand Exploration Inc ("Vismand") has been granted an option to acquire a 50%interest in the licences by undertaking deep sensing Titan 24 geophysicalsurveys (which includes induced polarization, resistivity and magneto telluricmethods), and 3000 metres of diamond drilling. Vismand have agreed to regularpress releases and to conduct the program in an agreed time period. The surveys are intended to identify targets associated with the gravity anomalyunder the claim block. Vismand Exploration Inc. (www.vismand.com) is a private Canadian company whichhas an impressively experienced board and exploration team. It recently raised$15.8m in exploration finance. For further information contact :- Jan LarssonBeowulf Mining plc Tel: +46 705 232 806 Gavin BurnellRuegg & Co. Limited Tel: +44-(0)207 584 3663 Nick BealerKing & Shaxson 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:
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