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.”