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Mawson Resources Ltd.
Summary
| Project: | Rajapalot | |
|---|---|---|
| Deposit: | Rajapalot | |
| Location: | Finland | |
| Commodities: | Gold-Silver | |
| Date: | 4/20/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-4-2020: Mawson Resources Ltd. announces an Exploration/Drilling Update report for its Rajapalot deposit at the Rajapalot project. Drilling results incl. 12.2m @ 13.2g/t Au, 1326ppm Co from 241.8m. 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 further high-grade results from the recent 14.1 kilometre drill program at the Company’s 100%-owned Rajapalot project in Finland. These results continue to extend gold and cobalt mineralization beyond previously defined resources. Mawson completed the winter drill program with 37 drill holes for 14,132 metres (including one wedged drill hole and deepening an existing hole), and has released results from 24 drill holes on 20th January, 5th and 28th February 2020, 9th March 2020 and here. Thirteen drill holes remain to be reported. Gold and cobalt assay results from 11 drill holes across the three project areas (Palokas, South Palokas and Raja) are released here, including two of the drill holes from which gold assays had been previously reported (PAL0221 & PAL0222). The regional upside potential of the Rajapalot project outside Palokas, South Palokas and Raja prospects is considerable. Coincident high chargeability (IP) and recently discovered (2020) electromagnetic conductors, combined with initial drilling of high-grade gold-cobalt mineralization at The Hut and Rumajärvi prospects (Figure 1b), provides strong impetus for testing near surface mineralization during the next drill season. | |
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