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Mawson Resources Ltd.
Summary
| Project: | Rajapalot | |
|---|---|---|
| Deposit: | Rajapalot | |
| Location: | Finland | |
| Commodities: | Gold-Cobalt | |
| Date: | 3/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-3-2019: Mawson Resources Ltd. announces an Exploration/Drilling Update report for its Rajapalot deposit at the Rajapalot project. Drilling results incl. 17.0m @ 3.0g/t Au from 264.0m. Eighteen holes (PAL0159–PAL0176) for a total of 6,003 metres (two sho | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Nick Cook (Internal) | |
| ABSTRACT: | Eighteen holes (PAL0159–PAL0176) for a total of 6,003 metres (two short holes abandoned) of a planned 15,000 metre winter program have been drilled. The drill program is focused on expanding gold-cobalt resources at Raja and South Palokas, and testing less drilled prospect areas including Terry’s Hammer and Rumajärvi (Figure 1). Gold-only assay results from the first 6 holes are reported (PAL0159 - PAL0161, PAL0163, PAL0164 and PAL0173), with multi-element including cobalt assays awaited. Mr. Hudson, Chairman and CEO, states, "This is a solid start to our winter drilling with down-plunge extensions of mineralization defined at both the South Palokas and Raja resource areas. These drill hits targeted TEM conductors, giving strong encouragement that new conductors at Palokas and South Palokas, will be associated with further mineralization. We welcome all to Mawson's PDAC booth #2941 from 3 rd to 6 th March and at the Core Shack #3104B (5 th to 6 th March), to discuss our work programs and view representative samples of drill core. Come and see if you can spot some visible gold in our new drill holes!” PAL0173, which intersected 17 metres @ 3.0 g/t gold from 264 metres at South Palokas extended mineralization 60 metres down plunge from PAL0016 (8.4 metres @ 5.9 g/t AuEQ from 206 metres) (Figure 2). Mineralization was encountered from 232 metres to 405 metres (170m down hole width) and is one of the thickest intersections on the property to date. The hole was targeted into the upper margin of a strong linear electromagnetic conductor which extends 450 metres down plunge and forms an excellent target for continued drilling. | |
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