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Mawson Resources Ltd.
Summary
| Project: | Rajapalot | |
|---|---|---|
| Deposit: | Raja, South Palokas | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 3/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-3-2018: Mawson Resources Ltd. announces an Exploration/Drilling Update report for its Raja, South Palokas deposit at the Rajapalot project. Drilling results incl. 31.7m @ 8.4g/t Au from 244.05m. Mawson Resources Limited (“Mawson”) or (the “Company”) (TS | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nick Cook (Internal) | |
| ABSTRACT: | Mawson Resources Limited (“Mawson”) or (the “Company”) (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces positive drill results from the first five diamond drill holes reported in the 2018 winter program at the Company’s 100% owned Rajapalot Project in Northern Finland. Mr. Hudson, Chairman and CEO, states, "This is a great start to our winter campaign, delivering the best hole drilled at Rajapalot to date. The grade x thickness interval in drill hole PAL00093 puts Rajapalot in a league with some the best exploration projects discovered globally over the past 6 months. We look forward to announcing further results as they become available. We welcome all to Mawson's PDAC booth #2941 from 4th to 7th March, to discuss our work programs and view representative samples of drill core from PAL0093.” A plan view of the drill results is provided in Figure 1. Cross and longitudinal sectional views are included in Figures 2-5. Tables 1-3 include all relevant collar and assay information. Assuming a predominant stratabound control, the true thickness of the mineralized interval is interpreted to be approximately 90% of the sampled thickness. Many grains of visible gold were recorded during core logging of PAL0085, PAL0091 and PAL0093. Quality control duplicates for all holes show good repeatability of gold assays. Intersections are reported with a lower cut of 0.5g/t gold over 1 metre lower cut, except PAL0091 and PAL0093 where 3 metes @ 0.5 g/t gold lower cut was employed. No upper cut-off was applied. | |
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