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Mawson Resources Ltd.
Summary
| Project: | Rajapalot | |
|---|---|---|
| Deposit: | Rumajarvi | |
| Location: | Finland | |
| Commodities: | Gold-Cobalt | |
| Date: | 5/13/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-5-2019: Mawson Resources Ltd. announces an Exploration/Drilling Update report for its Rumajarvi deposit at the Rajapalot project. Drilling results incl. 7.4m @ 3.4g/t Au, 597ppm Co from 86.3m. Assay results continue to be received from drill holes that | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Nick Cook (Internal) | |
| ABSTRACT: | Assay results continue to be received from drill holes that tested both the boundaries of Mineral Resources at the Raja, Palokas and South Palokas prospects, and earlier stage prospect areas including the Hut, Terry’s Hammer and Rumajärvi (Figures 1 and 2). Mawson recently completed 44 holes (PAL0159–PAL0201D1) for 15,059 metres during the 2019 winter drill season. Results from 6 holes from the Rumajärvi prospect are provided here, with additional results to be reported on a prospect-by-prospect basis. Twenty-three holes with full assays remain to be reported that were drilled predominantly down plunge from resource areas. Sulphidic (pyrrhotite-rich) intersections with visible gold provide encouraging signs in drill holes PAL0190 and PAL0191(Raja), PAL0194 (Palokas) and PAL0198 (South Palokas), where assays are yet to be received. "Our exploration success at Rumajärvi provides encouragement of continued growth of the Rajapalot mineral system," said Mr. Michael Hudson, Chairman and CEO of Mawson. “The discovery of these new gold-cobalt zones at Rumajärvi clearly demonstrate the potential to increase Rajapalot’s gold-cobalt resources. Rajapalot is a significant and strategic growing gold-cobalt resource already positioned as one of Finland's top three gold resources by grade and contained ounces and one of a small group of cobalt resources in Europe prepared in accordance with NI 43-101 policy. We still have over half the winter season drill holes to report, and look forward to sharing results over the coming month.” | |
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