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Mawson Discovers High-Grade Gold at Joki East in Finland Drills 1.6 Metres @ 28.3 g/t Gold in All-Year Permitted Area
VANCOUVER, BC / ACCESSWIRE / November 10, 2020 / Mawson Gold Limited ("Mawson" or the "...
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[{"type":"text","content":"Mawson Discovers High-Grade Gold at Joki East in Finland Drills 1.6 Metres @ 28.3 g/t Gold in All-Year Permitted AreaVANCOUVER, BC / ACCESSWIRE / November 10, 2020 / Mawson Gold Limited (\"Mawson\" or the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce it has discovered high-grade gold for the first time at the Joki East prospect at the 100% owned Rajapalot Project in Finland. Joki East is located 1,600 metres north-east of the Raja resource area and is permitted for year-round drill access (Figure 1).Key points:PAL0241, the discovery drill hole at Joki East, returned 1.6 metres @ 28.3 g/t gold from 168.6 metres;A total of eight drill holes have been completed at Joki East, with the first two holes reported here (PAL0240-241). Visible gold has been identified in 4 of the 8 drill holes completed to date, including PAL0241;Holes drilled to date define a body of 50-60 metres across strike and 120 metres down plunge within a modelled electromagnetic (\"EM\") plate with dimensions of 300 metres by 140 metres. Mineralization remains open in all directions. The body plunges at 25 degrees to the NW, a similar orientation to the mineralized bodies defined in the resources areas at Rajapalot. Mineralization is thin but high-grade;Drilling this autumn in Finland consisted of 11 diamond drill holes for 2,344.6 metres, at both the Joki East and Hirvimaa areas. Drilling was targeted using the inferred location of the stratigraphic host to the gold-cobalt mineralization, combined with base-of-till drill hole gold anomalies, conductors first recognized in airborne electromagnetic (\"VTEMplus\"), and then followed up by ground EM surveys (Figure 1);A 18 kilometre drill program is planned to commence from late November 2020 with the aim to find additional resource areas and expand the Sept 2020 Mineral Resource, which doubled the resource published 20 months earlier;Electromagnetic (\"EM\") geophysical surveys remain in progress, covering the entire 2 kilometre trend at Joki East and other prospective areas (Figure 1);Mr. Hudson, Chairman and CEO, states: \"This is a game changer. We have been waiting to drill gold mineralization over a much larger area and into all year round permitted drill areas, outside Natura 2000, for several years. As the project pivots towards further resource expansion and early stage economi...