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Mawson Resources Ltd.
Summary
| Project: | Rajapalot | |
|---|---|---|
| Deposit: | Rajapalot | |
| Location: | Finland | |
| Commodities: | Gold-Silver | |
| Date: | 7/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-7-2017: Mawson Resources Ltd. announces an Exploration/Drilling Update report for its Rajapalot deposit at the Rajapalot project. Drilling results incl. 1m @ 323g/t Ag from 24.7m. Vancouver, Canada – Mawson Resources Limited (“Mawson”) or (the “Company” | |
| 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) provides a summary of the Company’s successful winter drilling program at the 100% owned Rajapalot Project in Northern Finland. In total, 55 diamond drill holes for 11,056 metres and 1,801 base-of-till (“BOT”) drill holes were completed, greatly expanding the Company’s knowledge of the region. Mr. Hudson, Chairman and CEO, states, "The winter drill program confirmed the presence of a large, gold-mineralized hydrothermal system at Rompas-Rajapalot, delivering one of Finland’s most significant gold discoveries. The high hit rate of gold over regional-scale areas, the discovery of multiple high grade mineralized bodies and an extensive gold-footprint provided by BOT drilling, all in the first year of systematic, yet regional scale drill testing is impressive. Planning is now underway for a significant winter drill program commencing late 2017 or early 2018 dependent on winter conditions.” A plan view of the drill results is provided in Figures 1 and 2. Tables 1, 2 and 3 include all relevant collar and assay information. The true thickness of mineralized intervals at Palokas is interpreted to be approximately 90% of the sampled thickness. The true thickness of the mineralized intervals at Raja and South Rajapalot, will require additional drilling to determine due to the complicated structural controls. Results from most drill holes have now been received (Tables 2 and 3). | |
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