Beowulf, Vardar invest further in Kosovo soil sampling programme
Aim-listed Beowulf has provided investment alongside founders and existing shareholders in Vardar Minerals to fund a soil sampling programme across the Madjan Peak gold target, at Vardar’s Mitrovica licence, in Kosovo.
Beowulf is investing £30 000, while Vardar shareholders are investing £40 000.
Beowulf maintains its 42.2% interest in Vardar.
The exploration works will continue within permitted guidelines during Covid-19 restrictions ordered by the State.
The Madjan Peak gold target has returned anomalous gold and silver assays along the eastern margin of the licence, which corresponds with previously mapped advanced argillic alteration, which were identified during historic gold workings and samples.
“While we have had to modify our current exploration plans for 2020 due to Covid-19, we are scheduling whatever works we can while adhering to local regulations, health and safety protocols.
“Completing the soil sampling and magnetic survey will get us significantly closer to the planned 2020 drill campaign with only the induced polarisation survey to be completed prior to drilling,” says Vardar exploration manager Adam Wooldridge.
He adds that the new data will significantly advance the companies' understanding of the existing seven exploration targets on the company’s Kosovo licences, and may yield additional, unidentified targets.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation