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Mawson Discovers 8 New Prospects with High Grade Boulders up to 546 g/t gold over 20 kms in Finland
VANCOUVER, BC / ACCESSWIRE / November 10, 2021 / Mawson Gold Limited ("Mawson") or (the...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Discovers 8 New Prospects with High Grade Boulders up to 546 g/t gold over 20 kms in FinlandVANCOUVER, BC / ACCESSWIRE / November 10, 2021 / Mawson Gold Limited (\"Mawson\") or (the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) provides an update on summer field programs aimed at defining near-surface mineralization beyond the current resource boundaries within its Rajapalot project in Finland.After two years of sharp focus to drill out resources, Mawson's summer exploration work has returned back to a regional scale within Mawson's 100%-owned large and strategic 18,349 hectare ground holding in the Peräpohja Schist belt. The program leverages the intimate understanding of the mineral system defining the 1.04 Moz @ 3.0 g/t gold equivalent (\"AuEq\") 2021 Inferred Mineral Resource estimate (link)to demonstrate the camp-scale opportunity to grow resources at Rajapalot.Key Points:Regional-scale prospecting defines 8 new gold-cobalt prospects not linked to the 1.04 Moz @ 3.0 g/t AuEq 2021 Inferred Mineral Resource estimate at Rajapalot;Highest-grade samples in boulders include 546 g/t, 290 g/t and 129 g/t Au:30 boulders and outcrops averaging 35.1 g/t Au (samples >0.1 g/t Au, median of 1.5 g/t Au). Samples from boulders and outcrop are grab samples, which are selective by nature and are unlikely to represent average grades on the property;Prospects cover an area of 14 kilometres x 15 kilometres, considerably extending the footprint of 2 x 3 km area which constrains the known resource;Ground-based geophysical electromagnetic and magnetic studies across the larger permit area are ongoing to further define drill-ready targets for the upcoming winter drill season;Mawson holds first-mover advantage into the Peräpohja Schist belt with its gold-cobalt discovery. Adjacent tenure holders to Mawson include Rio Tinto, First Quantum and Latitude 66 Cobalt (Figure 1).Mr. Fairhall, CEO, states, \"Our strategy in Finland is to not only grow resources through open extensions of the known resource bodies, but to also find repeat bodies to prove the multi-million ounce district potential of the Rajapalot project. Prior to defining any resources in Finland we announced we were exploring nine high-grade boulder fields over twelve square kilometres. We now have 1 million ounces coincident with 5 of those boulder fields. Eight...