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Mawson Resources Ltd.
Summary
| Project: | Rajapalot | |
|---|---|---|
| Deposit: | South Palokas | |
| Location: | Finland | |
| Commodities: | Gold-Cobalt | |
| Date: | 6/13/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-6-2019: Mawson Resources Ltd. announces an Exploration/Drilling Update report for its South Palokas deposit at the Rajapalot project. Drilling results incl. 32.0m @ 1.4g/t Au, 1556ppm Co from 294.3m. Vancouver, Canada — Mawson Resources Limited (“Mawso | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Nick Cook (Internal) | |
| ABSTRACT: | Vancouver, Canada — Mawson Resources Limited (“Mawson”) or (the “Company”) (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces gold-cobalt results from 5 drill holes from the South Palokas prospect at the Company’s 100% owned Rajapalot Project in northern Finland. Nine holes with full assays remain to be reported from the 44 drill hole winter program. Mr. Michael Hudson, Chairman and CEO states: “Drill results reported over the last few months from Rajapalot have substantially upgraded the project potential, with numerous higher-grade hits and gold-cobalt mineralization discovered in significant step outs across multiple prospect areas. At South Palokas 3 of 5 new holes with large step outs returned more than 50 g/t-metres gold equivalent while the deepest hole (PAL0197) returned the best result in the prospect of 32.0 metres @ 3.9 g/t AuEq metres. Mineralization at all prospects remain open at depth and across strike.” Mawson completed 44 holes (PAL0159–PAL0201D1) for 15,059 metres (two short holes abandoned, one wedged hole) during the 2019 winter drill season. Results from 5 holes from South Palokas prospect are provided here (PAL0173, 193, 195, 197, 198, Tables 1-4). Nine holes with full assays remain to be reported, including holes drilled on the high-grade gold-cobalt trend at Raja (PAL0191 with visible gold) and PAL0199 from The Hut area (containing strongly sulphidic potassic scheelite-bearing rocks). | |
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