Home > Boards > Free Zone > Industry Specific > Gold and Silver miners (Jr and Exploration)

Mawson Building High-Grade Core At The Raja Prospect,

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Edge83 Member Profile
Followed By 24
Posts 3,388
Boards Moderated 2
Alias Born 01/21/09
160x600 placeholder
Global InfraCo O (2) Sarl to Launch Offer for Naturgy Stake
Naturgy Energy Group SA said Tuesday that Global InfraCo O (2) Sarl intends to launch a cash offer to acquire a 22.69% stake in the Spanish energy company.
UK Unemployment Rate Jumped to Four-Year High in the Three Months to November
Airbus Helicopters Booked 268 Net Orders in 2020
Amazon Set to Hire 3,000 Corporate Employees in Boston, Continue U.S. Expansion
AstraZeneca's Symbicort Approved in China for Mild Asthma
EQT Assets Under Management Rose 46% On Year in 2020
Novartis 4Q Profit, Sales Grew
UBS to Launch New Buyback of Up to $4.5 Billion
UBS to Put Forward Two Nominations for Board of Directors
Linde to Launch $5Bln Buyback Program; Raise Quarterly Dividend
Changes to the UBS Board of Directors
2020 Net Profit of USD 6.6bn, 17.6% Return on CET1 Capital
Top Company News of the Day
Correction to Yellen Confirmed by Senate Article
Janet Yellen Confirmed by Senate to Serve as First Woman Treasury Secretary -- Update
Yellen Passed the Economic Stability Baton to Powell. Now, He's Handing It Back. -- Update
Janet Yellen Confirmed by Senate to Serve as First Woman Treasury Secretary
Software Bots Multiply to Cope With 'Stretched' Resources
Top Stories of the Day
Nasdaq, S&P 500 Finish at Records -- Update
Bpifrance Participations S.A., Affiliates Report Stake In Stellantis
Italian Prime Minister Giuseppe Conte Resigns -- 2nd Update
Nasdaq, S&P 500 Finish at Records
Soybean Futures Turn Higher as Funds Return Amid Strong Fundamentals
Moderna Developing Vaccine Booster Shot Against Virus Strain First Identified in South Africa -- 2nd Update
Edge83   Wednesday, 05/29/19 04:17:42 AM
Re: Edge83 post# 3986
Post # of 4915 
Mawson Building High-Grade Core At The Raja Prospect, Finland Drills 19.7 metres @ 8.9 g/t Gold Equivalent

Vancouver, Canada — Mawson Resources Limited (“Mawson”) or (the “Company”) (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces gold-cobalt results from 5 drill holes at the Raja prospect from the Company’s 100% owned Rajapalot Project in northern Finland. Sixteen holes with full assays remain to be reported from the 44 hole winter drill program.

The best result is PAL0190 which intersected 19.7 metres @ 8.9 g/t gold equivalent (“AuEq”), 7.4 g/t gold (“Au”) and 908 ppm cobalt (“Co”) from 371.0 metres, confirming a 250 metre-long high-grade Au-Co core that remains open down plunge. PAL0190 was drilled to target this high-grade trend, providing encouragement on the continuity of the high-grade core and the ability to target high grade mineralization.

This high-grade core, which occurs within a broader mineralized envelope, has now been intersected multiple times including 85 metres up-plunge from PAL0190 in drill hole PAL0188 (31.3 metres @ 6.0 g/t AuEq, 4.3 g/t Au and 1,030 ppm Co from 298.6 metres) and PAL0093 located 140 metres up plunge (33.6 metres @ 9.7 g/t AuEq, 8.0 g/t Au, 823 ppm Co from 243.0 metres). Additionally, on section 30 metres east of PAL0190, PAL0118 intersected 20.7 metres @ 5.6 g/t AuEq, 3.6 g/t Au, 956 ppm Co from 365.2 metres. PAL0191 drilled 80 metres down plunge in the trend contains visible gold associated with pyrrhotite (assay results remain to be reported).

"The winter drilling has delivered further strong results from Raja with 19.7 metres @ 8.9 g/t gold equivalent intersected by PAL0190 within a high core” said Mr. Michael Hudson, Chairman and CEO of Mawson. “Most significant is the predictability and continuity of the cigar-shaped high-grade core that is now 30-50 metres wide and 20-30 metres thick that has now been traced over 250 metres down plunge and remains open at depth. This a significant advancement in understanding of the mineralized system by our geological team, which will deliver benefits in future targeting during on-going exploration programs.”

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 the Raja prospect are provided here (PAL0167, 175, 187, 189 & 190; Tables 1-3). Sixteen holes with full assays remain to be reported that were predominantly drilled down plunge from resource areas including PAL0191 (Raja), PAL0194 (Palokas) and PAL0198 (South Palokas), where sulphidic (pyrrhotite-rich) intersections with visible gold provide encouragement.

Drill hole PAL0190 is the deepest high-grade drill hole reported from Raja to date, at greater than 300 metres vertically from surface. The predictable sub-vertical and linear nature of the high-grade Au-Co structural control within certain stratabound units provides encouragement for the continuity of mineralized bodies. The trend of this high-grade Au-Co core shown in Figure 1 is 339 degrees (true). Longitudinal section (Figure 2) and cross sectional (Figure 3) views show the location of this high-grade core with respect to other drill holes.

Other holes reported in this release include PAL0189, previously reported for gold-only, which was drilled 230 metres up-plunge from PAL0190 and intersected 5.0 metres @ 3.7 g/t AuEq, 2.7 g/t Au and 581 ppm Co from 200.0 metres; and 4.3 metres @ 3.8 g/t AuEq, 2.3 g/t Au and 931 ppm Co from 210.0 metres representing 35% and 67% increases respectively on earlier results (reported April 23, 2019). Drill hole PAL0187 was drilled 50 metres down plunge from PAL0190 and 45 metres west of the inferred high-grade core and intersected 1.4 metres @ 2.3 g/t AuEq, 0.1 g/t Au, 1,345 ppm Co from 400.4 metres.

Mawson will continue to release results on a prospect-by-prospect basis as assay data become available.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences