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Mawson Resources Ltd.
Summary
| Project: | Rajapalot | |
|---|---|---|
| Deposit: | Raja | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 8/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-8-2017: Mawson Resources Ltd. announces an Exploration/Drilling Update report for its Raja deposit at the Rajapalot project. Summary of exploration work on the Rompas-Rajapalot gold project. The Rompas-Rajapalot gold project is located in the Ylitornio | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nick Cook, Michael Hudson (Internal) | |
| ABSTRACT: | The Rompas-Rajapalot gold project is located in the Ylitornio and Rovaniemi municipalities of northern Finland at 66.45ºN and 24.75ºE, approximately 50 kilometres (“km”) west of the City of Rovaniemi. The project is a new camp-scale discovery where high-grade gold has been found within an area approaching 10 km by 10 km. Mawson acquired the project in April 2010 and outlined the initial hydrothermal nuggety gold vein discovery over a 6.0 kilometres strike and 200-250 metres width. In 2013, a new style of disseminated, pyrrhotite-hosted gold mineralization was drilled at Rajapalot, some 8 kilometres east of the Rompas vein system. Mineralization related to the initial Rajapalot discovery (Palokas prospect) has now been intersected in many targets over a strike length of more than 4 kilometres. The Rompas-Rajapalot property consists of 6 granted exploration permits and 8 exploration permit applications comprising 5,689 hectares and 10,619 hectares respectively. The Company has staked additional exploration permit applications and reservations within 100 km of the RompasRajapalot area with potential for gold. The disseminated mineralization style is commonly coincident with VTEM geophysical conductors, IP anomalies and zones of increased magnetic intensity. Interpretive maps of target horizons hosting the Rajapalot mineralization have been created through bottom of till sampling, lithogeochemistry of surface outcrops and interpretation of 50m spaced ground magnetics. | |
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