Highlights
Majority of Mawson's 18,000 ha land package is underexplored
Search radius to be expanded to encompass an approximate 5,000 ha area between 1 Moz AuEq Rajapalot inferred resource, and the 10 km long subcropping Rompas system which reported a drilling highlight of 6 m at 617 g/t Au
Drone and ground based magnetic surveys have recently been undertaken to identify structural controls dated 1.78-1.8 billion years, responsible for 5 Moz Au in recent Finnish discoveries
Follow-up testing of the basement rocks immediately beneath shallow till by BOT drilling, with permitting in progress
Over the last three years Mawson's knowledge of the age of structural control of mineralization has improved significantly through systematic analysis of its 1 Moz AuEq Rajapalot inferred resource, its Rompas discovery, as well as knowledge gained through peer discoveries such as
Mawson has a significant land holding and untested anomalies in the 5,000 hectares between the Rajapalot resource area and the 10 km long Rompas gold system, where it believes there are zones of this same host coincident with significant structural intensity (a key gold precipitation driver). To efficiently evaluate the potential of this large area, a drone-based aeromagnetic survey has just been completed with results expected in the next few weeks. Initially this will involve sampling the upper surface of the basement rocks immediately beneath shallow till, using a technique known as base of till drilling ('BOT'). BOT drilling is a proven technique in Fennoscandia, and was the critical breakthrough in the Ikkari discovery, which was the result of following up 'a single anomalous base of till sample of 0.2 ppm Au'.
About
Mawson Gold Limitedis an exploration and development company. Mawson has distinguished itself as a leading Nordic Arctic exploration company with its 100% owned flagship Rajapalot gold-cobalt project in
Contact:
Tel: +1 (604) 685 9316
Email: info@mawsongold.com
Forward-Looking Statement
This news release contains forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, 'forward-looking statements'). All statements herein, other than statements of historical fact, are forward-looking statements. Although Mawson believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to: capital and other costs varying significantly from estimates; changes in world metal markets; changes in equity markets; ability to achieve goals; that the political environment in which the Company operates will continue to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases, including the novel COVID-19 virus; risks related to negative publicity with respect to the Company or the mining industry in general; reliance on a single asset; planned drill programs and results varying from expectations; unexpected geological conditions; local community relations; dealings with non-governmental organizations; delays in operations due to permit grants; environmental and safety risks and other risks and uncertainties disclosed under the heading 'Risk Factors' in Mawson's most recent Annual Information Form filed on www.sedar.com. While these factors and assumptions are considered reasonable by Mawson, in light of management's experience and perception of current conditions and expected developments, Mawson can give no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
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