Heroic find lifts Beowulf

10th Aug 2011 16:12

Beowulf was posting muscular gains after the Sweden-focused miner said drilling at its Kallak iron ore project indicated the presence of more than 400m tonnes of ore.The drilling programme was conducted at Kallak South, Beowulf is now drilling at Kallak North to see if there is a possible connection between the two deposits.Beowulf chairman Clive Sinclair-Poulton said he was "delighted" to announce the results from Kallak South."Subject to the results from our further drilling at Kallak North, I also hope to be in a position to announce that Kallak North and Kallak South are potentially one ore body, forming a single large iron ore deposit, which we believe could extend to approximately 4km in length," he said.---RG