Beowulf has reported encouraging preliminary results from initial drilling at Kallak North with a second drill rig now in operation. The ongoing initial phase of the company's 2012 drill program is currently intended to comprise up to approximately 7,000m of drilling aimed primarily at defining the limits of the extension of the Kallak North deposit, both in terms of breadth and depth.

Beowulf said the Big Bertha’ drill rig initially drilled an extension to the pre-existing drill hole KAL 10 019 at a 45 degree inclination. Strong iron (Fe) mineralisation was encountered at a depth of 79.5m, which continued down to 313.8m, from where weaker mineralisation was noted until reaching the total target length of 374.5m.

A second hole (an extension to the pre-existing drill hole KAL 10 001 drilled at a 60 degree angle on the east-west drill section previously defined as 7414 200 N (RAK coordinate system)) has also been completed to test the extension at depth of the Kallak North deposit.

This second drill hole encountered continuous mineralisation from 85m to 454m, with strong mineralisation down to a depth of 410m. This corresponds to approximately 350m vertical depth from ground surface of outcropping iron mineralisation, thereby confirming the presence of a substantial depth and width of iron mineralisation at the 7414 200 N drill section on the Kallak North deposit. The rig is currently drilling an extension to a third hole at an angle of 45 degrees with a total target length of 350m.

Drill cores from the first two holes were scanned in the field at the drill site by a highly sensitive hand held magnetic susceptibility meter, with automatic average registrations over the core lengths, and are being transported to the ALS laboratory at Ojebyn, Sweden, for logging and analytical preparation.

Source - StockMarketWire.com

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