Berkut Minerals Limited (“Berkut”) is a Perth-based mineral exploration company established with the purpose of acquiring, exploring and developing ethical and sustainable gold, cobalt and other mineral deposits in both Australia and Scandinavia.
Berkut has assembled a well-balanced management and exploration team which is fully qualified to exploit the potential of the Company’s mineral assets. The Board has significant expertise and experience in mineral exploration, project development and corporate finance and aims to ensure that maximum funds are spent on in ground exploration to advance the Company’s projects and generate shareholder value.http://berkutminerals.com.au/
Skuterud Cobalt Project Exploration Update
Maiden drill program is on track to commence in early October 2017 at the 100% owned Skuterud Cobalt Project, Norway:
Drill notifications submitted
Target regions lie 500m along trend from the major historic Skuterud cobalt mine:
Similar geology and geometries identified to nearby Skuterud workings
Cobalt up to 0.8% identified in surface dumps
Recent extensive field work finalised:
Extensive community engagement undertaken
Drilling targets defined
Further historic workings identified on Berkut’s licences
Massive sulphides identified in historical mining spoil piles
Down-hole geophysics planned at the Lainejaur Ni-Co-Cu deposit in Sweden
Berkut Minerals Limited (ASX: BMT) (“Berkut” or the “Company”) is pleased to provide an update on the company’s recent exploration activities at the Skuterud cobalt project in Norway
A recent field program at Berkut’s 100% owned Skuterud project has been completed with mapping, community engagement and ground magnetic surveys being successfully completed. Results from the mapping and magnetic surveys have confirmed a key target region in the Skuterud 3 License for the maiden drilling program (Refer Figure 2). This region contains historical cobalt mine workings with spoil grab samples up to 0.8% Co and 0.5% Cu1 and hosts three interpreted repeats of the mine-sequence host lithologies (quartzites and mica-schists).
The proposed drill program will be the first known drilling to test the highly prospective 5km strike trend north of the historic Skuterud Cobalt Mine.
Berkut’s Managing Director, Neil Inwood commented:
“Berkut has advanced understanding at the Skuterud Cobalt Project significantly through its maiden boots on the ground mapping program and surface geophysics. Importantly we have also had a very positive community engagement process and look forward to finalising our drill dates. Firm drill ready targets have been defined around historic cobalt workings which give us the double advantage of drilling for effect and also proving up the stratigraphy. We look forward to commencing drilling and are aiming for an October start”.
Please DYOR as this is not a buy or sell recommendation
Cheers
GF
