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Mawson Resources Ltd.
Summary
| Project: | Rajapalot | |
|---|---|---|
| Deposit: | Palokas | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 3/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-3-2017: Mawson Resources Ltd. announces an Exploration/Drilling Update report for its Palokas deposit at the Rajapalot project. Drilling results incl. 56m @ 0.53g/t Au from 5m. Mawson Resources Limited (“Mawson”) or (the “Company”) (TSX:MAW) (Frankfurt: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nick Cook (Internal) | |
| ABSTRACT: | Mawson Resources Limited (“Mawson”) or (the “Company”) (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces drill results from a further four diamond drill holes from the 2016- 17 winter program at the Company’s 100% owned Rompas-Rajapalot Project in Northern Finland. This winter a total of 16 diamond holes have been completed to date, with two in progress for 3,753m. Three rigs are now drilling around the clock and a fourth rig will be mobilized to site during mid-March. Mr. Hudson, Chairman and CEO, states, "This new style of potassic-iron-sulphide alteration gold-bearing hydrothermal system at South Rajapalot is clearly large, and capable of precipitating gold in a variety of structural and stratigraphic settings across a broad area. Drilling is ongoing and many drill holes that are altered remain to be assayed. The potential of the area continues to grow, we have already drilled gold within a 1.75km strike length from Palokas to South Rajapalot during this early stage of our winter program and we look forward to learning more as further results become available.” | |
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