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Mawson Resources Ltd.
Summary
| Project: | Rajapalot | |
|---|---|---|
| Deposit: | Palokas | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 4/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-4-2017: Mawson Resources Ltd. announces an Exploration/Drilling Update report for its Palokas deposit at the Rajapalot project. Drilling results incl. 42.7m @ 1.0g/t Au from 53m. Mawson Resources Limited (“Mawson”) or (the “Company”) (TSX:MAW) (Frankfur | |
| 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 thirteen diamond drill holes from the 2017 winter program at the Company’s 100% owned Rajapalot Project in Northern Finland. With these results, the mineralized zone has been significantly extended, with gold mineralization discovered on the western, southern and eastern margins of the previous mineralization footprint. Four drill rigs continue to drill 24/7. Mr. Hudson, Chairman and CEO, states, "The bold exploration approach taken by Mawson during the 2017 winter program is now paying dividends. By stepping out to previously known the limits of the mineralized system at Rajapalot, the gold mineralized footprint has been significantly expanded and demonstrated to be open on the western, southern and eastern margins. In combination with the significant hydrothermal alteration observed in all holes, it is clear a large mineralized system exists at Rajapalot. With less than 50% of assays received from holes drilled to date, and four rigs still drilling 24/7, we look forward to further news flow.” These drill results support the discovery of a new style of gold-bearing system at South Rajapalot, as described in Mawson Press Release March 06, 2017. Mineralization is characterized by an extensive area of potassic-iron-sulphide alteration located up to 1,800m south of the Palokas prospect. Drilling has defined a zone that now extends for 1,200m along strike and 400m in width that remains open. | |
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