Mawson Resources Limited ("Mawson") or (the "Company") reports the commencement of a shallow diamond drill hole program to test coincident geochemical and geophysical anomalies that lie immediately along strike from the Palokas gold prospect at Rajapalot, Finland.
Key points:
- Approximately 100 shallow diamond drill holes for 800 metres will be completed during the next month (Figure 1);
- The aim of the program is to map and define gold anomalous bedrock beneath glacial soils that cover 98% of the area and to refine targets for deeper drilling;
- Drilling will target gold-bearing outcrops and boulders that are coincident with induced polarization (IP), ground magnetic and VTEM conductive anomalies;
- The drill area is 600-1300 metres along strike from the Palokas prospect, where recent drill results include 19.5 metres @ 7.4 g/t gold from 1.3 metres (see Mawson Press Releases October 03, 2013, October 16, 2013 and January 20, 2014).
Mr. Hudson, President & CEO, states, "Our recent field work has defined a robust exploration target over 700 metres of strike outside the Natura 2000 biodiversity area, and is fully permitted for larger scale drilling. The aim of this program is to map and define targets beneath the ubiquitous and thin glacial deposits that mask most of the bedrock in Northern Finland. If this drill program is successful, we plan to mobilize larger diamond drill rigs to tests deeper targets in spring."
The independent drilling contractor is Ludvika BorrTeknik AB and the drill program will take approximately 1 month to complete with initial results due soon after program completion.
In other news, the Finnish mining authority, TUKES, remains on track to make a decision regarding permitting the mobilization of larger drill rigs in Natura 2000 areas during the European summer.
About Mawson Resources Limited (TSX:MAW)(PINKSHEETS:MWSNF)(FRANKFURT:MXR)
Mawson Resources Limited is an exploration and development company. Mawson has distinguished itself as a leading Scandinavian exploration company with a focus on the flagship Rompas gold project in Finland.
Technical Background
The qualified person for Mawson's Finnish projects, Mr Michael Hudson, President & CEO for Mawson and Fellow of the Australasian Institute of Mining Metallurgy has reviewed and verified the contents of this release.
On behalf of the Board,
Michael Hudson, President & CEO
To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/maw-fig1-0325.pdf.
Source: http://www.mawsonresources.com/