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Mawson Resources Ltd.
Summary
| Project: | Rajapalot | |
|---|---|---|
| Deposit: | Hirvimaa, Korkiakoivikko | |
| Location: | Finland | |
| Commodities: | Gold-Cobalt | |
| Date: | 12/6/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-12-2018: Mawson Resources Ltd. announces an Exploration/Drilling Update report for its Hirvimaa, Korkiakoivikko deposit at the Rajapalot project. Drilling results incl. 2.0m @ 0.003g/t Au 1078ppm Co from 111.3m. Mr. Hudson, Chairman and CEO, states, " A | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nick Cook (Internal) | |
| ABSTRACT: | Mr. Hudson, Chairman and CEO, states, " At the WUSA project, highly altered and sulphidic rocks were intersected beneath strong gold anomalies in soils at Scorpion and pathfinder-metal rock chip anomalies at Huckleberry. Such strong alteration is encouraging in these new systems, with results anticipated to be released in Q1 2018. In Finland, although the mineralized host position was discovered in multiple holes at two prospects, the relatively minor structural overprint is interpreted to have limited the development of higher gold and cobalt grades. Further work is underway to define targets outside the 3.5 kilometre mineralized trend at Rajapalot, where a maiden resource calculation is being finalized and a 15,000 metre winter drill program (subject to final permitting) is set to begin during January 2019.” At the WUSA project, 4 diamond drill holes for 1,033 metres were completed (Figures 2 and 3), with 3 drill holes at Huckleberry (one abandoned) and one at Scorpion. Intense silicification and argillic alteration of porphyritic andesite and quartz phyric latite was intersected in all drill holes. Iron oxides and pyrite were commonly associated with brecciation and stockwork fractures and disseminated pyrite was present throughout more weakly altered hosts. Assays and drill logs will be available for reporting during Q1 2019. In Finland, drilling was conducted at the satellite Hirvimaa and Korkiakoivikko prospects to test a combination of base-oftill anomalies, conductors recognized in VTEMplus data and the inferred location of the stratigraphic host to the gold-cobalt mineralization. Korkiakoivikko is located 4.3 kilometres south of the Raja prospect and Hirvimaa is located 2.6 kilometres north east of Palokas (Figure 1). At Hirvimaa, the mineralized stratigraphic horizon was intersected in drill holes PAL0149, PAL0150 and PAL0152. PAL0151 was abandoned after intersecting a fractured and faulted quartz vein. | |
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