Business
Mawson Defines Two New Areas in First Winter Drilling Results from Finland Drills 70.3 m @ 1.6 g/t AuEq at The Hut and 1.5 m @ 19.6 g/t AuEq at Joki East
VANCOUVER, BC / ACCESSWIRE / April 12, 2021 / Mawson Gold Limited ("Mawson") or (the "C...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Defines Two New Areas in First Winter Drilling Results from Finland Drills 70.3 m @ 1.6 g/t AuEq at The Hut and 1.5 m @ 19.6 g/t AuEq at Joki EastVANCOUVER, BC / ACCESSWIRE / April 12, 2021 / Mawson Gold Limited (\"Mawson\") or (the \"Company\") (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) is pleased to announce results from two new areas that are located outside and adjacent to current resource areas. These results deliver the thickest mineralized zone found at Rajapalot to date at The Hut and continue to extend high-grade mineralization at Joki East. Fifteen diamond drill holes are reported as part of the Company's 76 hole, 19,422 metre 2020/21 drill program at the Company's 100%-owned Rajapalot project in Finland.Highlights: Results are presented for two new discovery areas: The Hut and Joki East, that are located outside and adjacent to current resource areas at Rajapalot (Figure 1);At Joki East, a blind discovery made by Mawson in late 2020, high grade mineralization has been drilled at the shallowest levels yet found;Drill hole PAL0252 intersected 1.5 metres @ 18.1 g/t Au, 1,696 ppm Co, 19.6 g/t AuEq from 117.1 metres;Mineralization at Joki East now extends over 225 metres down plunge and 30-40 metres across strike with mineralization open up- and down-plunge;A new discovery has been drilled in PAL0259 at The Hut prospect and delivers the thickest mineralized zone drilled to date at Rajapalot;Drill hole PAL0259 intersected 70.3 metres @ 0.9 g/t Au, 828 ppm Co, 1.6 g/t AuEq from 95.8 metres (no lower cut-off applied);Including 23.3 metres @ 1.2 g/t Au, 1,035 ppm Co, 2.1 g/t AuEq from 100.7 metres;Including 14.4 metres @ 0.6 g/t Au, 1,531 ppm Co, 1.9 g/t AuEq from 126.3 metres;Including 2.4 metres @ 3.9 g/t Au, 747 ppm Co, 4.6 g/t AuEq from 143.3 metres;Including 7.0 metres @ 1.1 g/t Au, 31 ppm Co, 1.2 g/t AuEq from 159.0 metres;Drill hole PAL0263, drilled 70 metres down plunge and north of PAL0259, intersected:13.6 metres @ 1.2 g/t Au and 98 ppm Co (1.3 g/t AuEQ) from 103.0 metres;including 2.7 metres @ 5.0 g/t Au, 264 ppm Co, 5.3 g/t AuEq from 104.8 metres;4.3 metres @ 2.3 g/t Au, 26 ppm Co, 2.3 g/t AuEq from 121.5 metres;9.2 metres @ 1.1 g/t Au, 256 ppm Co, 1.3 g/t AuEq from 222.3 metres;including 2.0 metres @ 4.3 g/t Au, 170 ppm Co, 4.4 g/t AuEq from 227.3 metres;Drill hole PAL0269, drilled 50 metres north-west f...