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Mawson Resources Ltd.
Summary
| Project: | Palokas | |
|---|---|---|
| Deposit: | Palokas | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 5/27/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Definition | |
| Report details: | 27-5-2020: Mawson Resources Ltd. announces an Exploration/Drilling Update report for its Palokas deposit at the Palokas project. Drilling results incl. 4.9m @ 18g/t Au, 1317ppm Co from449.7m. Gold and cobalt assay results from five drill holes from Paloka | |
| Resources: | x | |
| CP/QP: | [Reserve] n/a (n/a) | |
| ABSTRACT: | Gold and cobalt assay results from five drill holes from Palokas prospect are released here (PAL0215, 0216, 0231, 0233 and 0236). The 2020 winter drill program consisted of 37 drill holes for 14,132 metres (including one wedged drill hole and deepening an existing hole). To date Mawson and has released results from 29 drill holes on 20th January, 5th and 28th February, 9th March, 20th April, 2020 and here. Eight drill holes remain to be reported. Distinct high-grade zones within the larger mineralized footprint at Palokas-South Palokas are becoming more evident as drill results are returned. PAL0236 adds more strength to the high grade-width intersections of Table 4 (2 g/t gold lower cut) intersections drilled to date at Rajapalot. The high-grade intersections from the 2020 drill campaign are a significant addition to the Palokas prospect (Figures 2 & 3). These include drill hole PAL0222 (8.2 metres @ 19.1 g/t Au, 1,572 ppm cobalt, 20.1 g/t AuEq), the plunge extent is defined from the shallower intersection in PAL0228 (7.0 metres @ 17.0 g/t gold, 2,168 ppm cobalt, 18.4 g/t AuEq), towards PAL0236 and PAL0194 (7.8 metres @ 5.1 g/t Au, 4,454 ppm cobalt, 7.9 g/t AuEq from 425.1 metres). | |
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