Beowulf Mining secures licence for largest molybdenum deposit in Sweden
25 November 2009
Beowulf Mining, the AIM and Aktietorget traded mineral explorer that owns several exploration projects in Sweden, has been granted a new exploration licence covering the Munka area.
The licence covers 800 hectares and hosts Sweden’s largest, drill confirmed deposit of molybdenum. It is located in the Rappen geological district of the Arjeplog County in northern Sweden. Beowulf has secured an initial three-year licensing period, but can extend the term by up to six years after that.
Based on historic drilling results, the Geological Survey of Sweden (SGU) estimated resources for the Munka deposit up to 100m depth to be 1.7 million tons at 0.156% molybdenum. At the estimated tonnage, the Munka deposit is the largest molybdenum deposit in Sweden, with the available data indicating that the deposit may be significantly larger.
With additional control studies in the field and some further limited drilling, Beowulf anticipates being able to rapidly achieve a JORC compliant resource estimate.
The company said the addition of the Munka molybdenum deposit to its existing iron ore exploration assets at Ruoutevare and Kallak, put it in a positive position to potentially become a future supplier of raw materials to the European steel industry.
|
Relevant Companies
For more company information click below:
Headlines
31 August 2010
30 August 2010
27 August 2010
20 August 2010
18 August 2010
13 August 2010
09 August 2010
06 August 2010
30 July 2010
29 July 2010
28 July 2010
27 July 2010
26 July 2010
23 July 2010
23 July 2010
22 July 2010
21 July 2010
19 July 2010
16 July 2010
12 July 2010
09 July 2010
08 July 2010
07 July 2010
06 July 2010
05 July 2010
02 July 2010
06 May 2010
13 April 2010
24 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
19 March 2010
19 March 2010
» See all News
Features
31 August 2010
28 July 2010
23 July 2010
13 April 2010
24 March 2010
22 March 2010
19 March 2010
19 March 2010
18 March 2010
16 March 2010
15 March 2010
12 March 2010
11 March 2010
08 March 2010
05 March 2010
05 March 2010
» See all Features
Round-Ups
27 August 2010
20 August 2010
13 August 2010
06 August 2010
30 July 2010
23 July 2010
16 July 2010
09 July 2010
02 July 2010
19 March 2010
19 March 2010
12 March 2010
12 March 2010
05 March 2010
05 March 2010
28 February 2010
Popular
31 August 2010
28 July 2010
27 August 2010
30 August 2010
18 August 2010
30 July 2010
04 December 2009
26 July 2010
20 August 2010
29 July 2010
23 March 2010
06 August 2010
19 March 2010
08 July 2010
27 July 2010
01 February 2010
|