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Mawson Resources Ltd.
Summary
| Project: | Rajapalot | |
|---|---|---|
| Deposit: | Raja | |
| Location: | Finland | |
| Commodities: | Gold-Cobalt | |
| Date: | 7/18/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-7-2019: Mawson Resources Ltd. announces an Exploration/Drilling Update report for its Raja deposit at the Rajapalot project. Drilling results incl. 21.0m @ 3.2g/t Au, 482ppm Co from 417.0m. Vancouver, Canada — Mawson Resources Limited (“Mawson”) or (th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nick Cook (Internal) | |
| ABSTRACT: | Vancouver, Canada — Mawson Resources Limited (“Mawson”) or (the “Company”) (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces further drill results from the Raja prospect from the Company’s 100% owned Rajapalot Project in northern Finland. Drilling results continue to extend mineralization beyond the current resource boundaries with further continuous and thick high-grade gold-cobalt results. "Raja continues to expand with further thick high-grade gold-cobalt intersections that show impressive continuity for 320 metres down plunge with the trend remaining open” said Mr. Michael Hudson, Chairman and CEO. “Our ability to consistently hit high-grade mineralization at Raja provides compelling evidence for the strength of the Rajapalot mineral system, and augers well for further discoveries within Raja and the other projects that we have defined within the larger project area.” Mawson completed 44 holes (PAL0159–PAL0201D1) for 15,059 metres (two short holes abandoned, one wedged hole) during the 2019 winter drill season. Results from the final three drill holes (PAL0191, 201, & 201D; Tables 1-3) from the Raja prospect are reported here, while assays from seven holes from other prospects remain to be reported. Drill hole PAL0191 is the deepest high-grade drill hole reported from Raja to date, greater than 350 metres vertically from surface. The down plunge continuity of the high-grade core tested by PAL0191 is 30-50 metres wide (within a broader 100- metre-wide mineralized envelope) by 20-30 metres thick, has been traced over 320 metres down plunge and remains open at depth. The total length of mineralization at Raja has now been traced by drilling from surface to 600 metres down plunge. The sub-vertical and linear geometry of the high-grade Au-Co core within certain stratabound units is validated by this intersection, confirming the continuity of mineralized bodies throughout the conductive sulphidic zone highlighted by the modelled electromagnetic conductors. The trend of this high-grade Au-Co core shown in Figure 1 is 339 degrees (with respect to true north). A longitudinal (Figure 2) shows the location of this high-grade core with respect to other drill holes. | |
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