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COBALT COULD BE A BIG GAME CHANGER FOR MAWSON IN FINLAND!!!!!!!
Not much interest here on IHUB re Mawson and sorry to say I have held and held thinking just one more year might see the company ready to make a resource estimate and speak in some specific terms about a road to construction.
Nope, nothing in the way of guidance to say we are two years or another ten years from permitting and groundbreaking.
Then about the pricing per share. Are we bogged down under 25 cents forever or is this a $2 stock US just waiting to bust out?
If talk turns more to Australia than Finland I will be of the mind Rompas/Rajaplot had problems.
Press Release Sep 7th, 2021 - Change at the top - New CEO names
https://www.streetinsider.com/Accesswire/Mawson+Names+Ivan+Fairhall+as+New+Chief+Executive+Officer/18908212.html
Mawson Gold announces the appointment of Mr. Ivan Fairhall as the Company's Chief Executive Officer ("CEO"), effective immediately. Mr. Michael Hudson, who has served as the Company's CEO since March 2004, will continue to serve as a director and the Company's Executive Chairman.
from the press release:
Key Points:
Ivan Fairhall, an engineer and mine finance professional has been appointed as Mawson's CEO; Michael Hudson, who has served as the Company's founding CEO since March 2004, will continue to serve as a director and as the Company's Executive Chairman.
Increasing the skill base of company is reflective of the transition of Mawson's Finnish assets from exploration to pre-development;
The Company also announces the commencement of an internal corporate strategic review to identify, examine and consider opportunities related to its Australian assets in order to enhance shareholder value.
The appointment of Mr. Fairhall reflects the need for the Company to add additional mine development expertise, as its projects in Finland transition from advanced exploration to pre-development. Mr. Fairhall brings substantial operating, finance and capital markets experience to the role. The Board of Mawson would like to thank Mr. Hudson for his exceptional service as CEO since co-founding the Company in 2004, and look forward to his on-going leadership as Executive Chairman.
Mr. Michael Hudson, Executive Chairman, states: " We are delighted to have Ivan join Mawson's team. I have worked with Ivan at various points over the last 10 years and know he is very well placed to lead Mawson as the Company pivots towards the dual focus of resource expansion and pre-development in Finland. At the same time, we will soon outline the opportunities that exist for our Australian exploration assets via our strategic review. I truly look forward to working closely with Ivan as we embark on the next stage of the Company's growth."
Mr. Fairhall, CEO, states: "I'm very pleased to be joining Mawson and leading the company through its most exciting stage yet. Rajapalot is growing rapidly with gold contained in resources up over 47% and grades up 19% in less than 12 months, and I believe Mawson has only just scratched the surface of what is clearly emerging as a gold camp of scale. Notwithstanding this huge growth potential, with over 1m oz AuEq now in resources, Rajapalot is now of a scale that justifies necessary work to chart its course to be a mine. I look forward to working with the board and management to unpack the multiple value opportunities for our shareholders."
Mr. Fairhall is a mechanical engineer and mine finance professional with over 15 years of mining industry experience. He has worked in design, construction and commissioning roles, and has considerable experience managing pre-development studies across the commodity and geographic spectrum. Since 2014, he has been with Greenstone Resources, a private equity fund with almost US$500m under management based in London. Greenstone's strategy is to invest in development stage companies with robust projects that can be funded through to production standalone. As Senior Investment Manager, Ivan was integral in sourcing, executing and managing a portfolio of Greenstone's investments, which included Northern Vertex (TSXV:NEE), a 50koz gold producer in USA - for which he was also a non-executive director up until its merger with Eclipse Mining in 2021. Mr. Fairhall holds a B.Eng (Hons, Mech) and a B.Bus, and is a Chartered Engineer with the Institute of Mechanical Engineers.
Concurrently, given the advancement of the Company's Finnish assets, and recent gold discoveries made in Australia by the Company, Mawson has commenced an internal corporate strategic review to identify, examine and consider opportunities related to its Australian assets in order to enhance shareholder value. Results from the review will be announced towards the end of Q3 2021.
---------
Big changes and "conducting a "strategic review" of the Australian properties sounds like they may back away from that recent acquisition. I like reading they will advance the project in Finland to a pre-development stage. The exploration stage has gone on for years without any firm talk of moving to development -getting to pre-development would be step i the right direction. Sounds like still years away from production - 3, 4 or something in that area? At 77 I may never see an ounce of gold form Rompas/Rajaplot and have been a shareholder for many years. I need to start investing in projects in early production if I want to own a producing mine.
I found Michael Hudson easy to contact and always got a cordial response. Wish him well as his role changes with Mawson.
Anybody here?
rjw/mkc
PR Aug 26th, 2021 -- two days in a row!
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/846-tsx/maw/105537-mawson-announces-over-1-million-ounces-gold-equivalent-at-rajapalot-finland-gold-ounces-up-47-gold-grade-up-19.html
Vancouver, Canada – Mawson Gold Limited (“Mawson”) or (the “Company”) (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) is pleased to announce an independently verified update of the third constrained Inferred Mineral Resource estimate at its 100% owned Rajapalot project in Finland.
The estimate was completed by Qualified Persons from AFRY Finland Oy, a European leader in engineering, design, and advisory services. Mineral Resources are calculated using a long-term gold price of US$1,590/oz and a cobalt price of US$23.07/lb and using 0.3 g/t gold equivalent “AuEq” open pit cut-off and 1.1 g/t AuEq underground cut-off (Table 1). AuEq values were calculated using the following formula: AuEq g/t = Au g/t + (Co ppm/1005).
Key Points:
Base case Mineral Resource estimate 10.91 Mt @ 3.0 g/t gold equivalent (“AuEq”), 2.5 g/t gold (“Au”), 443 ppm cobalt (“Co”) for 887 koz Au, 4.8 kt Co equating to 1.04 Moz AuEq in the inferred category;
Compared to the previous Rajapalot resource estimation published on September 14, 2020 (Figure 4):
Gold grade increased by 19% (AuEq grade by 12%);
Contained gold ounces increased by 47% (contained gold equivalent ounces by 35%);
Gold camp now comprises 8 distinct prospects, doubling the 4 previously contained in the 2020 Rajapalot Inferred Mineral Resource estimate (Figures 5 and 6);
Substantial increases in existing resources demonstrate continuity within the deposits and expansion potential at depth and along strike (Figure 7):
All resource areas remain open to depth and the Company has developed a strong geological and exploration model to target mineralization;
Growth potential remains strong:
Drilling covers only 20% of the mineralization-host package at Rajapalot (Figure 8);
Rajapalot camp represents only 5% of 100 square kilometre Rompas-Rajapalot Finnish project area owned 100% by Mawson.
Mr. Hudson, Chairman and CEO, states, “Following a significant drilling effort, we are delighted to hit a milestone of 1.04 Moz AuEq, while delivering a year-on-year gold grade increase of 19% with contained gold up 47% from our last resource upgrade in 2020. Rarely does substantial resource growth come together with grade increases, and the robustness of Rajapalot at different cut-offs and constraining models is impressive. This year we doubled the number of prospects within the resource area, and our annual winter campaigns have been adding 300-400 koz AuEq resource growth in a predominant 10-week drilling window. We have developed a strong geological and exploration model to target high-grades, and excitingly it remains early days at Rajapalot with 80% of the target untested, which is just 5% of Mawson’s larger 100 square kilometre Finnish project — all from a project that is one of the few in Finland that enjoys majority local support.”
August 23rd summary of summer drill program
https://finance.yahoo.com/news/mawson-summarizes-successful-2021-drilling-100000383.html
Snipped from the press release:
Mr. Michael Hudson, Chairman and CEO states, "Our 2021 drilling program has delivered more economic grade/width intersections than ever before. We have discovered two new gold-cobalt zones, delineated significant extensions to four more prospects with defined resources and added two further prospects suitable for wireframing and resource estimation. Our Rajapalot gold camp is expanding rapidly, allowing us to extend our successful exploration strategy across the full 100 square kilometre property. Drill success has continually increased through recognition of strong linear late structural controls to high-grade gold-cobalt mineralization and a strong correlation with electromagnetic conductors that provide a large potential for increasing mineral resources in future drill campaigns. A resource upgrade is due before the end of August."
Click the link for the full report including some high grade gold intercepts.
When does it translate to a Go/No Go decision to proceed with final permitting and development of a mine plane and ultimately mining the resource? Probably not this year. Patience in all things - especially gold start ups.
rjw
August 18th, 2021 press release:
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/846-tsx/maw/105052-mawson-drills-3-6-metres-at-7-4-g-t-gold-and-2-290-ppm-cobalt-at-the-hut-prospect-finland.html
The introduction follows. Please read the full ress release if you're a shareholder or interested in Mawson Gold Ltd.
Mr. Hudson, Chairman and CEO, states "A wealth of grade with good thickness from drill results extending from near surface to depth, contained within a 1.8-kilometre-long trend at Rajapalot, to complete our reporting for the 19.4 km 2021 drill program. Our 2021 drilling program has delivered more economic/grade width intersections than ever before, with the discovery of 2 new resource areas, and the extension of a further 4 more resource areas. With all results now received, we eagerly await the finalization of our next resource upgrade, due before the end of August."
--------
rjw/mkc
Aug 3rd, 2021 Press Release - High Grade mineralization extended
https://ca.proactiveinvestors.com/companies/news/956729/mawson-gold-limited-reveals-drill-results-extending-high-grade-mineralization-down-plunge-at-south-palokas-956729.html
Snipped from the article:
Hudson added that the mineralized body at South Palokas has now been drilled 650m down plunge.
“Drilling this year has demonstrated significant growth to the four current resource areas and has also added two further resource areas. We look forward to releasing remaining drill hole results and announcing the next resource upgrade in August."
----------------
Need some guidance on the timeline for this project - how far out a new resource estimate, production decision and permitting then the big ones - construction and production? It may be imponderable but some guidance would be welcome. Two years, five years, ten years?
I am somewhat sadly redeploying part of my Mawson holdings to other projects after many years with this company.
Slow boat to Finland -- hope Mawson is on course for a production decision in the nexxt 12 months The Press Releases are good with cobalt added to the flow charts and continued expansion of the mineralized zone and eventual resource calculation but not enough to make a GO decision.I am not sure what permitting is neeeded once the decision is made to mine and process the ore we know exists.
Here are links to the four most recent Press Releases, In order top down, 13 Jul 2021, 6 Jul, 29 Jun and 21 Jun 2021.
https://www.proactiveinvestors.com/companies/news/954878/mawson-discovers-high-grade-gold-across-broad-widths-at-shallow-depths-at-raja-prospect-in-finland-954878.html
https://www.proactiveinvestors.com/companies/news/954210/mawson-gold-hits-continuing-mineralization-at-depth-and-increasing-antimony-grades-at-sunday-creek-australia-954210.html
https://www.proactiveinvestors.com/companies/news/953640/mawson-gold-increases-footprint-and-improves-continuity-of-high-grades-with-south-palokas-drilling-in-finland-953640.html
https://www.proactiveinvestors.com/companies/news/952812/mawson-gold-announces-batcircle20-funding-to-enhance-battery-metals-recovery-from-its-finnish-gold-cobalt-project-952812.html
Glad to get the every other week updates.
------------
Anybody reading anything into the tea leaves? The company presentations no longer give us any guidance as to production - not even a vague indication.
https://www.proactiveinvestors.com/companies/news/953640/mawson-gold-increases-footprint-and-improves-continuity-of-high-grades-with-south-palokas-drilling-in-finland-953640.html
Familiar pattern of strong assay from a drill program - all additive to favorable resource portrait -- but the movement toward "whatever's next" is slow and just not a word about a timeline.
There have been general guidance dates in the past but no longer does the Corp Presentation give us any guidance as to even the decade when exploration might give way to a mine plan and construction and finally production. It's asking a lot of investors to keep the faith and watch their money lie "dormant" for another three to six or eight years. There are many other opportunities - we all know that.
Anybody else feel the same? Sure can't say any long termers are impatient. I still like the story behind Mawson Gold, like the CEO and the prospects but the timing is becoming a bigger not smaller issue.
rjw/mkc
Gold is holding steady amid the Dow and Bitcoin plunging.
With the Dow and Bitcoin plunging and Gold holding steady, I found this interview with the CEO of Mawson Gold on www.b2binterviews.com. Some of the content on the site is free.
Here is the most recent corporate presentation from Mawson Gold Ltd.
https://mawsongold.com/assets/docs/presentations/210407-Mawson-Presentation_web.pdf
The timeline just sort of trails off after 2021 - no specifics leaving investors without much guidance as to a start of construction or commencement of operations. Apparently it's so indefinite it can't be shown even in vague form. It was previously on their charts but those estimates proved very premature so it's deemed safest to just not make mention of those future events.
Also a press release from April 28th, 2021. This is from ProActive Investors. I don't find the release on the company site yet.
https://www.proactiveinvestors.com/companies/news/915917/mawson-gold-seeing-encouraging-exploration-results-in-australia-while-finland-underpins-growth-strategy-915917.html
rjw/mkc
We are on a choppy rise that dates back to March 8th 2021, about six week ago and it's not clear that it is going to sustain itself. News is always given an favorable spin but the timeline to a Feasibility Study and a clear decision to develop this project is not certain. The corporate presentation no longer shows dates for future events such as construction start - just too speculative to put their name on it yet.
If you're behind in your nomenclature Mawson Resources is now Mawson Gold Lt and the company website is www.mawsongold.com.
This year's news releases:
https://mawsongold.com/news/news-releases/2021
An updated 43-101 can be found in pdf format at:
https://mawsongold.com/assets/docs/reports/120026-Rajapalot-Property-Mineral-Resource-Estimate---2.pdf
I'd like some guidance as to what lies ahead- a Feasibility study if such is to be produced, info on additional permitting and a general guide as to the next steps. The project has been four years out for at least five years maybe longer and it's still three or four years out and that's my estimate. The company has been burned in the past and is wisely I suppose laying low on that.
I hope by the end of the decade there is an operating gold and cobalt operation in Finland and gold mining in Australia. Western US? Sure hope for the best there too - that one I can visit someday perhaps. At age 77 will I be around to see anything by the end of the decade? Not knowable.
In Finnish: "Onnea kullan louhintaan!"
In English: " Good luck mining the gold!".
Mawson now has two active projects going, one in Australia and another in Finland and a project in Oregon USA. Went for years with just the Finnish project -and now interests on three continents and about as widely separated as can be imagined. Nice 10% gain in share price today, Tuesday.
Breaking News: $MWSNF Mawson Joint Ventures Into The Whroo Goldfield, Victoria, Australia
VANCOUVER, BC / ACCESSWIRE / October 13, 2020 / Mawson Gold Limited ("Mawson" or the "Company") (TSX:MAW) (Frankfurt:MXR) (OTC PINK:MWSNF) is pleased to announce that, further to its news releases dated January 29 and March 23, 2020 , it has entered into an Amended and Restated Opti...
Find out more MWSNF - Mawson Joint Ventures Into The Whroo Goldfield, Victoria, Australia
Mawson Resources Ltd. changed to Mawson Gold Ltd.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
October 2019 updated Corp Presentation
http://mawsonresources.com/assets/docs/presentations/Mawson-Corporate-Presentation-28-October-2019.pdf
Slide 21 - about 2/3 of the way thru the slide set is recent and shows the timeline for 2019 and 2020 -- they no longer give any guidance about production - only about exploration.
The horizon stretches farther and farther out -and hence the continuing drop in share value. Market cap now approx 20 millions USD for the 142 million outstanding shares.
Morning share price on 10.29.19 is 0.113 Share price peaked at $2.38 USD for the OTC Symbol MWSNF in Spring 2011. How long before we see that price again? t's years out. https://finance.yahoo.com/quote/MWSNF/
Good interview done September 2019 with Mawson CEO Michael Hudson talking about metallurgical studies going on to free gold from ore and the favorable gravity separation that they will be able to perform - low cost, no cyanide and easier environmental cleanup.
https://ca.proactiveinvestors.com/companies/news/902996/mawson-resources-releases-metallurgical-results-from-project-in-finland-902996.html\\
https://www.newkerala.com/news/read/211438/mawson-provides-summary-for-completed-2019-drilling-at-rajapalot-finland.html
Septenber 15th Press Release with detaila on recent drilling ans assays.
The CEO's comments in the PR:
Clear evidence for potential to expand the published resource at Rajapalot was confirmed during the past winter's drill campaign said Mr. Michael Hudson, Chairman and CEO. The project has recently pivoted to a resource expansion focus, with 83% of the 49 kilometres of drilling completed over the last 3 drill seasons. Nevertheless, we remain at an early stage of testing with drill hole depth averaging only just over 100m. We are permitted to drill across the project area over the next 2.5 years with down-plunge electromagnetic conductors providing excellent potential for very substantial resource expansion. Drilling remains sparse at numerous pre-resource prospects where mapped conductors and gold and cobalt mineralization provide unlimited upside of the total resource potential of the Rajapalot field. Our team is excited about the prospects for the next drill program which will begin after financing has been secured.
The above quote from the PR was by Michael Hudson, Chairman and CEO.
Those "?" marks in the previous post of key points came about in conversion from a bullet list to IHUB format -They do not denote doubt -just an unfortunate formatting issue.
MWSNF chart - https://money.cnn.com/quote/chart/chart.html?symb=MWSNF
click on 1 year for ab overview. The 52 week low was 11 cents in late July and we're now at 15 cents so the three week trend up up significantly but it'll take more than three weeks to truly say we have bottomed. A three week run is good - exploration news is good, the permitting issues are now trending favorable so let's hope that 11 cent low was THE the low - not to be revisited.
rjw
Here are the key points from the PowerPoint slide set My fav is the 3rd items - 2.5 to 3.0 million ounce of gold equivalent at grade 406 g/t. That should be economic even in the Arctic and enough total resource to give a mine life of who knows - well over ten years - my estimate.
-----------------
Significant and strategic regional-scale gold-cobalt
discovery in Northern Finland: the best developed goldcobalt resource discovery in Finland
? The initial Dec. 2018 resource immediately positioned
as one of Finland's current top three gold resources by
grade and contained ounces, but already outdated after
15km drilling
? Resource expansion with runway towards defining an
exploration target ranging between 2.5-3.0 million
ounces at between 4-6 g/t AuEq*
? Fully permitted for summer and winter drilling for next
2.5 years
? Cobalt a strategic resource for Finland, strong local
support for project
Corporate PowerPoint presentation updated August 2019
http://mawsonresources.com/assets/docs/presentations/Mawson-Resources-Presentation-2019-08-24.pdf
I note the presentation no longer includes an estimated production year -the timeline just trails off with "Resource Upgrade" in summer 2020 - a year from now. All prior estimates of a production date have come and gone so he company deems it wiser to stay vague.
This is still a long term speculative project with great potential but no near term event is going to move share price upward substantially. My own estimate to production is a moving three year target. A year from now if nothing changes beyond more data collection the time to production will still be three years.
Major expansion of the Mawson resource in Finland per this Press Release:
https://www.globalminingreview.com/exploration-development/22082019/mawson-shares-completed-2019-drilling-results-at-rajapalot-project/
Want to read about a tough gold mining regime consider the Andes - and Peru.
https://www.washingtonpost.com/photography/2019/06/21/mining-gold-worlds-highest-permanent-human-settlement/?utm_term=.ee3cd33c944d
The mining in La Rinconada District is about as difficult as can be imagined - fist the altitude- 17,700 feet above sea level - well above the altitude where oxygen is required for aviators -then the squalid conditions in the towns that supplies the housing but no running water or sewers. Then they pay - there is none - workers spend 30 days working for the mining company and are given one day to mine for themselves.
Read the article and it'll make our exploration activity in Finland sound like a Caribbean resort. Oh, yeah, the mercury -workers in Peru live with it, breathe and and ingest it.
South Palokas footprint keeps expanding per this press release:
https://www.proactiveinvestors.co.uk/companies/news/222059/mawson-resources-extends-south-palokas-prospect-at-finnish-gold-cobalt-property-222059.html
From Proactive Investors and the press release:
Mawson Resources Limited (TSE:MAW) (OTCMKTS:MWSNF) has posted more encouraging drill results from its flagship gold-cobalt Rajapalot project in Finland, which have expanded the South Palokas prospect.
The firm completed 44 holes during the winter season and Thursday's results are from five. Assays from nine holes are still pending.
South Palokas is growing and improving at depth with four of five holes completed this winter at South Palokas ranked in the top seven intersections for the prospect, Mawson noted.
The target now has over 170 metres of strike, is 30 metres wide and has been tested to 340 metres down plunge.
READ THE DEEP DIVE: Mawson Resources seeing results as it bids to expand flagship resource in mining hotspot Finland
Highlight assays reported Thursday included 32 metres at 3.9 g/t (gram per ton) gold equivalent, with 1.4 g/t gold and 1,556 ppm (parts per million) cobalt from 294.3m.
Another hole hit 9.8 metres at 6.1 g/t (grams per ton) gold equivalent.
"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," said CEO Michael Hudson.
He noted that at South Palokas three of five new holes with large step outs returned more than 50 g/t - metres gold equivalent, while the deepest hole returned the best result in the prospect of 32.0 metres at 3.9 g/t gold equivalent metres.
Open at depth and strike
"Mineralization at all prospects remain open at depth and across strike," he added.
The Palokas and South Palokas deposits share the same kind of geological relationships, but are hosted by somewhat different rock types, the firm said.
Mawson said that further drilling on the high grade trend at South Palokas and Palokas was needed, but that similarities to the firm's Raja prospect, located at surface 1.4 km south south east of the Palokas prospect, were "immediately evident."
The Rajapalot maiden resource positioned the site as one of Finland's current top three gold resources by grade and contained ounces and one of a small group of cobalt resources.
Mawson shares in Toronto were unchanged at $0.18 CDN.
Drill results from Oregon
https://www.proactiveinvestors.co.uk/companies/news/215335/mawson-resources-releases-encouraging-drill-results-from-oregon-project-215335.html
I don't quite get starting a new speculative operation far removed from home base and the Finnish project -- but that's what exploration companies seem to do - start new projects before any have reached maturity. Guess it's regarded as "insurance". In this case it seems a distraction and money sink if prospects are so golden in Finland.
rjw/mkc
http://www.erienewsnow.com/story/39416905/mawson-options-large-epithermal-gold-project-in-the-usa-commences-drilling
Size doubled for Raja prospect by way of geomagnetic survey. This info from late November 2018 bodes well but I an slightly jaded about magnetic surveys- they indicate minerals but don't give specifies so treat with grains of salt
The second part about a new prospect in Oregon USA is a departure from all we've heard from Mawson in the past six or eight years. They threw off other holdings to concentrate on Finland - now they're spending borrowed money on a new and speculative property in Oregon, The WUSA holding is in Douglas and Lane Counties. Those are in western Oregon generally from Eugene to Grants Pass and from the coast to the crest of the Cascades so that doesn't narrow the locale down much.
https://www.geologyforinvestors.com/caza-gold-enters-into-business-combination-agreement-with-arctic-blockchain-and-receives-conditional-approval-to-list-as-hydro66-on-the-cse/
Article makes mention of two more of Michael Hudson's roles - first as founder and Director of Leading Edge Materials -and now as Director with a newly namely named firm Hydro66. The press release also indicates he's a Director with Hannan Metals. Busier man than I had realized.
rjw/mkc
I don't think majors typically make any mention of their early alliances with exploratory outfits but it'd would be great if Goldcorp were to issue something. Don't expect it however.
Some of the current presentations on Mawson - see Corporate site for later additions. http://mawsonresources.com/investors/presentations-and-flyers
The time horizon is still several years out for construction then production. Many milestones achieved - many yet to come.
Presentation by Nick Cook from Nov 2017 on the 3Gs: geography, geology and grades:
http://mawsonresources.com/assets/docs/presentations/2017_FEM_2_Cook.pdf
Sep 2017 presentation by Michael Hudson at Precious Metals Summit:
http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2017/09/18/mawson-resources-ltd/play/stream/22984
The complete Corporate Presentation as revised Jan 2018:
http://mawsonresources.com/assets/docs/presentations/Mawson_Corporate-Update-16-JAN-2018.pdf
Jan 16, 2018 release on winter drill program:
http://www.proactiveinvestors.co.uk/companies/news/190110/mawson-resources-has-kairamaat-2-3-exploration-permit-at-rajapalot-renewed-190110.html
Investment by Goldcorp announcement Feb 7 2018:
http://mawsonresources.com/news/news-releases/2018/mawson-announces-cdollar81-million-strategic-investment-by-goldcorp-inc
rjw/mkc
Great to see Gold Corp picking up a significant position. They must like they geology here as well. This is one of my favorite stocks that I think could make some huge moves with the right drilling results.
The active forum for Mawson Resources is on Stockhouse under the symbol T.MAW.
http://www.stockhouse.com/companies/bullboard/t.maw/mawson-resources-ltd
This article is a comment on Mawson by the Canadian investment adviser "Eight Capitol". All favorable and worth reading
https://viiicapital.frontline.ca/PDFs/Reports/2018/February/MAW020718.pdf
Significant investment by Goldcorp. Mawson announced a private placement of 18 million units sold at 0.45 CDN for net proceeds of 8.1 million CDN .
This is important news when the fourth largest gold mining company in the world by revenue shows confidence in the Mawson holdings and invests that amount -perhaps not large to Goldcorp but huge to Mawson and it assures exploration will continue thru the present winter season on the prospects in Finland.
I take it as very good news - there was a one day pop of 30% in share price but then share price declined as part of the US and worldwide early February correction in equities and gold.
https://www.newswire.ca/news-releases/mawson-announces-c81-million-strategic-investment-by-goldcorp-inc-673119573.html
Close of market Friday Feb 8, 2018
DJIA 24190
MAW 0.55 CDN TSX
MWSNF 0.4203 US OTC
rjw/mkc
Yes on looking for higher grades ... none of the recent core results are in the jaw dropping realm and I don't know what will constitute economic gold in the Arctic environment. It'll be higher than in Nevada or Mexico. Also not sure a heap operation is the plan if the only ore is bulk tonnage ore -not high grade for gravity separation
There are heap leach ops in cold climates but the Arctic winter presents problems with the water lines, emitters and just any exposed plumbing -problems mean extra cost. Also will the environment issues permit for a heap leach with the large footprint that entails? So those grades concern me - they don't seen to concern our CEO. They'd be outstanding in another jurisdiction - not sure how they shape up in Finland?
rjw/mkc
I'm still sitting tight with all my shares. I'm hoping that they hit some bonanza type grades in the drill cores like they had in the grab samples.
May 2nd, 2017 Press Release with continued good drill results from Rajapalot:
http://mawsonresources.com/news/news-releases/2017/mawson-drills-88-metres-at-75-gt-gold-at-rajapalot-finland
Figures below the narrative portion.
The lead paragraph from this release"
Mr. Hudson, Chairman and CEO, states, "A blind discovery of this grade and thickness made in multiple drill holes, 1.75 kilometres from Palokas is a significant result for the Rajapalot project. By applying our understanding on the controls on mineralization, we are now successfully intersecting multiple high-grade gold mineralized zones under the thin glacial soil cover. This first systematic season of drill testing has proven the scale of the system, and is defining a wide range of exciting targets. With approximately 50% of assays still to come from the winter program, we look forward to substantial further news flow.”
Rajapalot mineralized area keeps expanding. Press release on new geo survey by magnetometer to define additional mineralization. The good news on this district scale project keeps coming.
http://www.proactiveinvestors.com/companies/news/176812/mawson-resources-rushes-in-geophysical-team-to-rajapalot-176812.html
MWSNF at 0930 4-25-17 0.30 USD
MAW 0.41 CDN
rjw/mkc
Audio Interview - Michael Hudson and Gerardo Del Real of Resource Stock Digest. Seven minutes and dated April 11, 2017.
http://resourcestockdigest.com/archives/index.php?content_id=4941
I like this format with the audio clip and also the transcript. Up to date discussion of this winter's drill program and extent of the mineralized ore body. Hudson speaks of the bulk ore at about 2 gpt as potensial heap leach project. I'd be interested to know how a heap leach works in the Arctic where traditional leach lines would be frozen for the winter months.
I found this reference for cold climate heap leach and the experience in Alaska was that the cyanide solution remained above freezing so the leach continued year round. I doesn't entirely explain why the solution remains in liquid state. This is a pdf document.
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=5&ved=0ahUKEwie8v724p_TAhXIi1QKHXEpDRsQFgg1MAQ&url=http%3A%2F%2Fwww.emr.gov.yk.ca%2Fmining%2Fpdf%2Fmml_brewerycreek_case_study_of_brewery.pdf&usg=AFQjCNEeEqQlhxiFxhC7l9dgjQeauRuJ-g&cad=rja
Next move - up.
Just looking at the chart we are headed for an upward crossing of the 50 day Moving Average and two of the past three upward crossings were followed by continued significant up moves. I and in the US and buy the MWSNF symbol - if we go above 34 cents I'll be bold and call for a 12 cent move to 46 cents. The winter drill program will be over soon and perhaps we'll see a wrap up statement from Michael Hudson.
I see no negative news - some of the grades in this PR are not in the spectacular realm and given the location I'm not sure exactly what is considered economic. It's likely higher than in an easier district - maybe 1.5 g/ton to be economic maybe more but we seem to be in that realm.
The mineralized zone seems quite large and it's expected there will be significant variations in grade and type of ore bearing deposit. That may complicate recovery if one method does not fit all of the ore body.
Anyone else is welcome to ring in with your assessment of where things stand - spring of 2017. Still risks, still "years" before production and not yet an assurance there will be production. Mawson is taking it step by step and the press releases are measured and substantive. I do like the participation by several patient backers with staying power.
rjw/Kansas City Missouri usa
Press Release April 6th, 2017 - -some fomatting was lost in copy/paste - original at:
http://mawsonresources.com/news/news-releases/2017/mawson-drills-137-metres-at-20-gt-gold-at-rajapalot-finland
Mawson Drills 13.7 Metres at 2.0 g/t Gold at Rajapalot, Finland
Vancouver, Canada – Mawson Resources Limited ("Mawson") or (the "Company") (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces drill results from thirteen diamond drill holes from the 2017 winter program at the Company’s 100% owned Rajapalot Project in Northern Finland. With these results, the mineralized zone has been significantly extended, with gold mineralization discovered on the western, southern and eastern margins of the previous mineralization footprint. Four drill rigs continue to drill 24/7.
Key Points:
PAL0048, drilled 1.75 km southeast of Palokas intersected:
6.0 metres @ 2.0 g/t gold from 53 metres and 13.7 metres @ 2.0 g/t gold from 82 metres;
Mineralized zone without a lower cut off comprises 42.7 metres @ 1.0 g/t gold from 53.0 metres in magnetite, pyrrhotite, biotite and chlorite altered rocks;
PAL0048 is the most easterly hole drilled at Rajapalot to date and mineralization remains open;
PAL0043, drilled 1.5 km southwest of Palokas and 1.1 km west of PAL0048 intersected:
12.0 metres @ 1.2 g/t gold from 10.6 metres;
This hole targeted a VTEM anomaly and is the westernmost hole reported from Rajapalot to date, which opens a new area of exploration potential to the west;
PAL0040, drilled 450 metres southeast of PAL0043 and 75 metres south west of PAL0037 (56 metres @ 0.53 g/t gold from 33 metres Mawson Press Release March 06, 2017) intersected:
5.0 metres @ 1.2 g/t gold from 37.3 metres;
This is the southernmost drill hole at Rajapalot, opening a new area of exploration potential to the south;
Forty-two holes (PAL0027-PAL0069) have been completed to date, totalling 8,721 metres of diamond drill core. With this release, assay results from a total of 19 holes have been reported, while results are pending for an additional 23 completed holes. A further 10 diamond drill holes are planned to be drilled before the completion of the winter program.
Mr. Hudson, Chairman and CEO, states, "The bold exploration approach taken by Mawson during the 2017 winter program is now paying dividends. By stepping out to previously known the limits of the mineralized system at Rajapalot, the gold mineralized footprint has been significantly expanded and demonstrated to be open on the western, southern and eastern margins. In combination with the significant hydrothermal alteration observed in all holes, it is clear a large mineralized system exists at Rajapalot. With less than 50% of assays received from holes drilled to date, and four rigs still drilling 24/7, we look forward to further news flow."
A plan view of the drill results is provided in Figure 1. Tables 1, 2 and 3 include all relevant collar and assay information. The true thickness of the mineralized interval is interpreted to be approximately 90% of the sampled thickness.
These drill results support the discovery of a new style of gold-bearing system at South Rajapalot, as described in Mawson Press Release March 06, 2017. Mineralization is characterized by an extensive area of potassic-iron-sulphide alteration located up to 1,800m south of the Palokas prospect. Drilling has defined a zone that now extends for 1,200m along strike and 400m in width that remains open.
Gold-anomalous alteration has been drilled to date over a 1,200 m x 400 m area in South Rajapalot. It consists of sulphide, magnetite, biotite and chlorite hydrothermal mineral assemblages hosted in predominately grey albitites. Textures range from veined albitic granofels through fractured and brecciated to locally schistose. Veining and fracture fill minerals include magnetite, pyrrhotite and magnetite-pyrrhotite (+/- quartz). Local retrograde chlorite after biotite and vein-controlled chlorite+/- tourmaline and magnetite are also present. Preliminary hand-held XRF analysis confirms the presence of associated scheelite and molybdenite, the former visible under UV light as tiny veinlets and disseminations. The iron-rich nature of the mineralized rocks is a common theme in either the oxide or sulphide form, with a variably sulphidic and chloritic overprint. The alteration is clearly post-metamorphic, reduced, and most likely driven by granitoid intrusions. Chlorite is regarded as the lowest temperature silicate mineral with gold, structurally controlled in apparent association with quartz veins. Altered rocks enclosing the mineralized package contain locally abundant talc and tourmaline.
Technical and Environmental Background
Two diamond drill rigs (K1 & K2) from the Arctic Drilling Company OY (ADC) with water recirculation and drill cuttings collection systems were used for the drill program. Core diameter is NQ2 (50.6 mm) diameter core. Core recoveries were excellent and average close to 100% in fresh rock. After photographing and logging in Mawson’s Rovaniemi facilities, core intervals averaging 1 metre for mineralized samples and 2 m for barren samples were cut in half at the Geological Survey of Finland (GTK) core facilities in Rovaniemi, Finland. The remaining half core is retained for verification and reference purposes. Analytical samples were transported by Mawson personnel or commercial transport from site to the CRS Minlab Oy facility in Kempele, Finland. Samples were prepared at Kempele and analyzed for gold at Raahe using the PAL1000 technique which involves grinding the sample in steel pots with abrasive media in the presence of cyanide, followed by measuring the gold in solution with flame AAS equipment. The QA/QC program of Mawson consists of the systematic insertion of certified standards of known gold content, duplicate samples by quartering the core, and blanks the within interpreted mineralized rock. In addition, CRS inserts blanks and standards into the analytical process.
The qualified person for Mawson's Finnish projects, Dr. Nick Cook, President for Mawson and Fellow of the Australasian Institute of Mining Metallurgy has reviewed and verified the contents of this release.
About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)
Mawson Resources Limitedis an exploration and development company. Mawson has distinguished itself as a leading Nordic Arctic exploration company with a focus on the flagship Rompas and Rajapalot gold projects in Finland.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, CEO
Thanks Edge - - my read of cup and handle is we've got the cup a well rounded U with cup lips around 50 Cents CDN and are now forming the handle to the right with current decline.
If the new run up breaks 50 cent CDN using MAW.TO the uptrend has some running room from there especiall on increasing volume. If it fails to reach the level of the cup's lips - the upward trend less likely to be sustained. We're early in the downward handle phase from my reading so may have weeks of downard drift to to go.
I'm longterm buy and hold but a friend has done well trading this for 10 to 15% gain per round trip over the past couple of months.
What is your interpretation of the cup and handle?
Found an older interview with Mickey Fulp where me makes mention of Mawson - this from September 2016.
http://investingnews.com/daily/resource-investing/power-of-two/
Mickey Fulp on Mawson Resources. Here's URL for an interview with Mickey on Finnish mining in general and Mawson Resources in particular.
https://soundcloud.com/northern-miner/episode-46-dr-copper-and-the-finnish-flash-ft-mickey-fulp
Long segment but use the slider at the bottom to go to 19:00 for his intro to Mawson then the more substantive part at 25:00.
Fulp is paid by Mawson but also a shareholder. He makes the point that Mawson's holdings can be termed "world class" and very likely mark an entire new mining district of high grade deposit under shallow glacial till.
He's very enthusiastic about Mawson while recognizing the difficulty of working in Finland. He visited the site and describes working on wooden planks and getting caught in the muck and mire with Mawson's CEO, Michael Hudson, coming to help him out of the dilemma.
The interview was posted Feb 14th, 2017.
Dick Williams
Kansas City Missouri
Winter drill progam progress report in new Press Release
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/846-tsx/maw/29168-mawson-base-of-till-drilling-discovers-multiple-gold-targets-at-rajapalot-finland.html
Winter Drill program. Pretty impressive drilling program underway now thru April 2017 per the company's Dec 23rd, 2016 update:
http://mawsonresources.com/news/news-releases/2016/mawson-update-rajapalot-winter-drill-program-ongoing-12-23
Drilling is done on frozen ground in winter at this project and they have completed 151 of 700 planned Base-of-Till drill holes for this winter's program. The deeper diamond drilling program plans 50 holes for 10,000 meters total or about 200 meters per drill site. A total of 40 workers will be employed.
Very ambitious program - well planned and funded. Hope the surface and relatively shallow assays to date are borne out at depth. That is the key to feasibility
Per a prior release: "Drill holes will average between 150 and 250 metres long with some holes up to 500 metres down-hole depth as required."
I see in some of the images equipment from ADC and here is info on the ADC website about the different types of drilling they provide. ADC - for Arctic Drilling Company - is based in Finland.
http://www.adcltd.fi/drilling-services/
I take it Base-of-till is a quick means of obtaining a shallow sample to identify targets which are than drilled to 200 or more meters with diamond drill rigs to get the familiar core samples for lab analysis.
I found this in a July 2016 release that explains more about the Base-of-Till drilling:
Base of Till (“BOT”) Drilling Various sampling methods are available for testing bedrock and dispersion of gold below glacial till. The method is dictated by the scale and objective of the geochemical survey. Mawson has chosen a 150 metre spaced local grid sampling survey, with the main goal is to map both the gold distribution and the associated geochemical signature of the hydrothermal alteration to define deeper drill targets, beneath an area that is 99% covered by 3-5 metres of glacial soils. A small, tracked percussion drill rig, with a flow-through bit, will drill through the glacial till and sample the till-bedrock interface (Figure 3).
Sounds like an impact or percussion drill that only needs to get to down to aruond 5 meteres to reach the glacial till/bedrock interface.
Dick Williams
Kansas City MO
I'm accumulating this one too. It's become my biggest holding, the story and drilling results just have so much potential thus far. It should be relatively cheap to start mining (and pay for further drilling without too much dilution) since there is so much high grade material at the surface.
Check my board - I have put my research on my favorite other explorers (and a few Jr's) up in the Ibox. I own most of the ones listed there.
http://investorshub.advfn.com/Gold-and-Silver-miners-(Jr-and-Exploration)-31154/
Year end for Mawson: I don't see any clouds on the Finnish horizon. Some beautiful aurora perhaps which I'd love to see myself.
We have known this to be a fairly long start up but now that environmental hold has been lifted and realistic drilling is underway the resource can be ascertained and step by step Mawson should move toward production.
Share price at midday on last trading day of 2016: 0.37 for MAW and 0.2705 US for MWSNF. I invest via the OTC symbol. Tracking MWSNF the year started around 12 cents - rose to 22 but could not hold and dropped back to 17 cents then a strong climb in September to 37 which again did not hold and now back to 27 cent area on an Oct, Nov, Dec decline. A decline I'd deem simply due to boredom not fundamentals
This is not a stock with big surprise due in the next few months. It's a slower, methodical process to prove up a mine in a new District and develop a mine plan. This year and next more a period to accumulate shares if you feel the fundamental story is valid and by 2019, 2020 Mawson will be in production.
I have traded emails with the CEO several times and appreciate his prompt replies and attention to a lone stockholder in the Midwestern US.
Patient accumulation the name of the game - My stake is not large but I plan to add over time and still have a couple of years to do so.
That's my story - what's yours - anyone?
Other interests of mine: MXSG, my primary holding - Mexus Gold with open pit mine in Sonora, Mexico. Then RDEMF - gold start up in Colombia, ARGNF - Argonaut - a mid tier established miner and NIOBF, Niocorp - another start up with a triple threat mine site in Nebraska where the resource is a large intrusion of three alloy metals: Niobium, Scanadium and Titanium. US symbol NIOBF and NB on the TSX. Bears watching - great potential but needs a lot of funding to get underway. Three of the stocks could pop fairly soon- NIOBF, RDEMF and MXSG.
The best in 2017 to CEO Michael Hudson, the Board and all home office staff and to the teams working on the Rompas/Rajapalot prospect and fellow shareholders around the world.
Dick Williams
Kansas City MO usa
Thanks for posting. Nice to have someone else here for the ride too. I have quite a few different jr and exploration stocks but this is one of my favorites.
Press Release on manangment changes
http://finance.yahoo.com/news/mawson-management-123000238.html
the text
VANCOUVER , Oct. 24, 2016 /CNW/ - Mawson Resources Limited ("Mawson") or (the "Company") (MAW.TO) (MXR.F) (MWSNF) is pleased to announce that Dr. Nick Cook will be promoted from VP Exploration to President of Mawson. Mr. Michael Hudson will continue in his role as Chairman, CEO and Director of the Company.
Mr Hudson, CEO States, states, "Nick's expanded role is an outcome of his first class technical leadership in Finland and his increasing management role in the Company. We will both continue to work very closely together, to give Mawson the best opportunity to execute on our strategy, to define a major gold project in Finland ."
Dr Nick Cook obtained his Bachelor of Science with Honours (Geology) from the University of Otago in 1985, then a PhD (Geology) from the University of New England in 1994. He has over 20 years of global experience in exploration and exploration-focused research geology. For the last three years he has acted as VP Exploration for Mawson.
This stock is going to be a monster! There is some serious strength to this stock despite the worst few months for gold in 2016. Its already one of my biggest positions but I'm going to buy more on this pullback.
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