Mawson Mobilizes Fifth Drill Rig To Rajapalot, Finland
Vancouver, Canada – Mawson Resources Limited (“Mawson”) or (the “Company”) (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces the mobilization of a fifth drill rig to the Rajapalot gold project in Finland.
The objectives of the winter drill program were to extend known gold mineralization, discover new gold mineralized sites beneath gold-bearing boulders and outcrop, and to better define the extent and prospectivity of the large hydrothermal system. The winter drill program is now 60% complete and the results achieved so far have encouraged the mobilization of a fifth rig to the Rajapalot project.
Key Points:
Four diamond drill rigs and one base-of-till (“BOT”) rig are now operational at site;
Thirty-two holes have been completed to date, totalling 5,950 metres of diamond drill core. Assay results from 8 holes have been reported, while results are pending for an additional 24 completed holes. A further 25 diamond drill holes are planned to be drilled before the completion of the winter program;
The BOT rig has completed 1,533 holes for 6,304 metres (average depth 4.3 metres) at Rajapalot (Kairamaat 2-3) and further east at Raja. A further 300 holes are planned this winter. A total of 1,235 holes have been reported, defining numerous new gold anomalous areas. The BOT rig is now infilling gold anomalous areas defined by 150 metres spaced grid drilling, on 10-20 metres spaced lines.
Mr. Hudson, Chairman and CEO, states, "A fifth drill rig has now been mobilized to site, based on early program success, which includes the discovery of two high-grade gold zones at Palokas with greater than 100 gold gram x metre intercepts (News Release 21 Feb 2017); the delineation by BOT drilling of broad gold anomalies across the property (News Release 9 Feb 2017); and the discovery of a new style of gold-bearing alteration comprising magnetite-pyrrhotite-biotite-chlorite at South Rajapalot, in a broad zone extending 900m along strike (News Release 6 Mar 2017). We look forward to releasing further results as they become available.”
AI
