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Mawson Resources Ltd.
Summary
| Project: | Rajapalot | |
|---|---|---|
| Deposit: | South Palokas, Palokas | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 2/6/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-2-2020: Mawson Resources Ltd. announces an Exploration/Drilling Update report for its South Palokas, Palokas deposit at the Rajapalot project. Drilling results incl. 8.0m @ 7.9g/t Au from 303.0m. Vancouver, Canada — Mawson Resources Limited (“Mawson”) o | |
| 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 assay results from an additional 5 drill holes from the 2020 winter program at the Company’s 100% owned Rajapalot Project in Northern Finland. The highlight is drill hole PAL0203 at South Palokas, where an 80 metre step out returned 8 metres @ 7.9 g/t gold from 303.0 metres, the best gold intersection to date from this prospect. In addition, hole PAL02020A drilled 370 metres down plunge from the resource boundary at Palokas, demonstrated the mineralized system is predictable and continues to significant depth. Resource expansion drilling at Rajapalot is ongoing with five diamond drill rigs testing Palokas, South Palokas and Raja prospects. A total of 16 holes (PAL0202–PAL0216) for 5,520 metres have been completed, to schedule, out of a 15,000 metre planned program. The drill program aims to infill and extend mineralization (Figure 1) and provide the data for an updated resource estimate to be delivered by the end of Q3 2020. Cobalt and multi-element assays remain pending. Drilling continues with two drill rigs at each of Palokas and South Palokas prospects and one at Raja prospect. | |
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