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Mawson mobilizes fifth drill rig to Rajapalot gold project in Finland

Published 20 March 2018

Mawson Resources has mobilized an additional diamond drill rig to its 100% owned Rajapalot gold project in Northern Finland.

Five rigs are now on site that continue to drill 24/7.

Key Points:

A fifth diamond drill rig has been mobilized to site with all rigs operating 24/7;

Thirty-nine holes (PAL0083 – PAL0121) have been completed or are in progress for a total of 8,900 metres of diamond drill core.

Results from the first five drill holes as reported March 01, 2018 were highly encouraging with PAL0093 intersecting 31.7 metres @ 8.4 g/t gold from 244.1 metres, including 10.9 metres at 21.0 g/t gold from 252.2 metres. Results are pending for thirty-two holes;

Drilling at Rajapalot has focussed on expanding the size of the known gold prospects; Raja, Palokas, South Palokas and Terry's Hammer and testing twelve semi-regional targets;

592 base-of-till ("BOT") holes for 2780 metres have been completed at the Rompas project which lies 8 kilometres west of Rajapalot. These shallow BOT holes targeted Rajapalot-style gold mineralization in the rocks surrounding Rompas.

BOT holes were drilled at between 25-50 metres spacing on 19 lines for a total drill-traverse length of 22.9 kilometres. These holes will be used to define diamond drill targets for the summer season;

In the annual Fraser Institute survey as announced February 2018, Finland was recognised as the top jurisdiction in the world for exploration/mining Investment Attractiveness.

Mawson Resources chairman and CEO Hudson said: "With the excellent results achieved in our first five holes, and many high priority targets to test, we have elected to further increase our rig capacity at Rajapalot. 

“With up to six weeks of the Finnish winter drill season remaining, and many holes already awaiting assays, we anticipate many months of discovery and news flow from this exciting program." 

Technical and Environmental Background

Three diamond drill rigs (K1 & K2) from the Arctic Drilling Company OY ("ADC") and MK Core Drilling OY ("MK"), all with water recirculation and drill cuttings collection systems were used for the drill program. Core diameter is NQ2 (50.7 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 metres 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 Raahe, 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 a Fellow of the Australasian Institute of Mining Metallurgy has reviewed and verified the contents of this release.

Source: Company Press Release