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Mawson Resources Ltd.
Summary
| Project: | Rajapalot | |
|---|---|---|
| Deposit: | Raja | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 5/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-5-2017: Mawson Resources Ltd. announces an Exploration/Drilling Update report for its Raja deposit at the Rajapalot project. Drilling results incl. 27m @ 3.3g/t Au from 64m. Vancouver, Canada – Mawson Resources Limited (“Mawson”) or (the “Company”) (TS | |
| 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 drill results from ten additional diamond drill holes from the 2017 winter program at the Company’s 100% owned Rajapalot Project in Northern Finland. A new zone of gold mineralization has been discovered at shallow depth at the Raja prospect, with a strike length of at least 200 metres, and remains open. The Raja prospect is located 1.75 kilometres from Palokas, and is the easternmost prospect tested to date in the Rajapalot area. A plan view of the drill results is provided in Figures 1 and 2 while a cross section of the Raja area is provided in Figure 3. Tables 1, 2 and 3 include all relevant collar and assay information. The winter drilling program is now complete, with 55 holes (PAL0027-PAL0082) totaling 11,056 metres of diamond drill core. With this release, assay results from 28 holes have been reported, while results are pending for an additional 26 holes. PAL0075 (3.9 metres @ 1.3 g/t gold from 30.6 metres, 27.0 metres @ 3.3 g/t gold (no lower cut) from 64.0 metres, including 3.0 metres @ 2.9 g/t gold from 64 metres, 2.0 metres @ 5.6 g/t gold from 70.0 metres and 8.8 metres @ 7.5 g/t gold from 82.2 metres) displayed fine visible gold in schistose muscovite-quartz-pyrrhotite alteration at 83.5 metres and 90.8 metres. | |
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