Mawson Gold Ltd. (MWSNF)

[Kaseymoe]

Short interval of 249 g/t gold from step out drllling at Sunday Creek project in Australia.

Mr. Michael Hudson reports:

VANCOUVER, BC / ACCESSWIRE / March 30, 2023 / Mawson Gold Limited ("Mawson" or the "Company") (TSX:MAW) (FRANKFURT:MXR) (OTC PINK:MWSNF) announces results from six further drill holes (SDDSC056-58, 61, 63 and 65) at the Sunday Creek Project in Victoria (Figure 1). Sunday Creek is 100% owned by Southern Cross Gold ("SXG"), which is an ASX listed company owned 51% by Mawson. Four rigs continue to drill both in the main drill area and up to 7.5 km along strike at the Tonstal prospect with 13 holes being processed and analyzed or in progress. Mineralization now extends in the main drill area over 1,350 m from Christina in the far west to SDDSC063.

Noora Ahola, Mawson Interim CEO, states : "We are pleased with the expansive drill campaign being undertaken by SXG at Sunday Creek that is bearing great results. SDDSC061 is the second deepest hole at the property and a 270 m step out below the Rising Sun shoot that intersected 0.3 m @ 249.5 g/t Au within a broader interval and encouragingly sees the system transitioning at depth, with visible gold, in a similar manner to what is observed at other epizonal deposits that are in production in Victoria.

"Also exciting is SDDSC063 that has again extended the mineralized zone to the east of Apollo by a further 200 m with grades of up to 12.2 g/t Au and 3.2% Sb from 26.2 m and beneath a surface trench that previously returned 8.0 m @ 19.6 g/t Au and 0.4% Sb (true width 3 m).

"SXG has successfully increased the size of its main drill area to 1,350 m along strike and 800 m to depth and with the recently mobilized fourth rig at the Tonstal prospect around 7.5 km to the north-east of the main drill area, we expect known mineralization to increase further still at Sunday Creek."

Results Discussion

The Sunday Creek epizonal-style gold project is located 60 km north of Melbourne within 19,365 hectares of granted exploration tenements. SXG is also the freehold landholder of 133 hectares that forms the key portion in and around the drilled area at the Sunday Creek Project.

Sunday Creek has an 11 km mineralized trend that extends beyond the main drill area and is defined by historic workings and soil sampling which is being drill tested for the very first time with the fourth drill rig which mobilized to site just over a week ago.

Full press release: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/846-tsx/maw/138747-mawson-s-subsidiary-sxg-reports-249-5-g-t-gold-over-0-3-metres-in-270-metre-step-out-at-sunday-creek-victoria-australia.html


When will Mawson get to a point of providing a time line to decision on feasibility at Rajaplot? Many years and millions spent there and the horizon to production is still just vaguely "out there". Finland now a member of NATO - that's good for Finland, NATO and Mawson