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Mawson Resources Ltd.
Summary
| Project: | Rajapalot | |
|---|---|---|
| Deposit: | Raja, Palokas | |
| Location: | Finland | |
| Commodities: | Gold-Cobalt | |
| Date: | 9/4/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-9-2018: Mawson Resources Ltd. announces an Exploration/Drilling Update report for its Raja, Palokas deposit at the Rajapalot project. Drilling results incl. 33.0m @ 3.1g/t Au 547ppm Co from 38.7m. Vancouver, Canada — Mawson Resources Limited (“Mawson”) | |
| 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) is pleased to announce additional gold and/or multi-element drill results from 43 holes from 6 prospects at the Rajapalot project in Finland. The addition of cobalt values to previously reported gold intersections continues to provide significant improvements in both continuity and width when compared to gold-only intersections, especially at the Raja and Palokas prospects. On the basis of this increased confidence in mineralization continuity, the Company has commenced metallurgical test work and is in the process of engaging an independent qualified person to undertake a maiden resource calculation at Rajapalot. Key Points: • Results from 43 diamond drill holes are reported from the Rajapalot project across 6 prospect areas; • Cobalt assays continue to improve width, continuity and grade within the gold-cobalt mineralized zone. For seven of the best mineralized drill holes reported, the average increase in gold equivalent (“Au Eq”) grade x width over the previously reported gold-only result was 92%. Au-only values consistently received a 1-2 g/t addition in Au Eq from Co, but with substantially greater thicknesses (Table 1, Figures 4-10); • Metallurgical studies area now underway and the Company will soon engage an independent qualified person to complete a maiden resource calculation at Rajapalot; | |
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