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Mawson Resources Ltd.
Summary
| Project: | WUSA | |
|---|---|---|
| Deposit: | Scorpion, Huckelberry | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 2/27/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-2-2019: Mawson Resources Ltd. announces an Exploration/Drilling Update report for its Scorpion, Huckelberry deposit at the WUSA project. Drilling results incl. 36.6m @ 0.15g/t Au, 0.5g/t Ag from 106.7m. Vancouver, Canada — Mawson Resources Limited (“Ma | |
| 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 the Western USA (“WUSA”) project in Oregon, where a total of 4 holes (one abandoned) were completed for 1,033 metres at the Scorpion intermediate-sulphidation and Huckleberry high-sulphidation projects. This was the first diamond drilling program completed at both prospects. Mr. Hudson, Chairman and CEO, states, "The first drill program drilling at the WUSA project confirmed a drill discovery and highlighted the prospectivity of Scorpion where highly altered and sulphidic rocks are associated with gold anomalous soils that extend over a 2.2 km long by up to 400-metre-wide area. As only one hole has ever been drilled, the elevated results and extensive soil anomaly at Scorpion warrant follow-up. The Company is now reviewing the potential for a transaction of the WUSA project, while focusing on our flagship gold project in Finland where four rigs remain in operation around the clock.” At WUSA, 4 diamond drill holes for 1,033 metres were completed, with 3 drill holes at Huckleberry (one abandoned) and one at Scorpion (collar information is shown in Table 1). Intense silica and argillic alteration of porphyritic andesite and quartz phyric rhyodacite was intersected in all drill holes. Iron oxides and pyrite were commonly associated with brecciation and stockwork fractures, and disseminated pyrite was present throughout more weakly altered host rocks. Better gold assay results are listed in Table 2. WUSA lies in the central Western Cascade Ranges of Lane and Douglas Counties, Oregon, USA (Figure 1) and consists of an area of interest of 150,500 hectares (“Exploration Agreement Area”), of which 68,075 hectares of mineral and land rights (“fee-simple land”) are held by a single landholder (the “Landholder”). Within the Exploration Agreement Area are smaller areas of mineral rights owned by the Landholder (1,447 hectares), the Bureau of Land Management (“BLM”) claims held by the Landholder (333.1 hectares), and BLM claims held directly by Mawson (142.2 hectares). | |
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