Mawson Drilling Under the Balaclava Open Pit at Whroo, Victoria, Australia

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[{"type":"text","content":"Mawson Drilling Under the Balaclava Open Pit at Whroo, Victoria, AustraliaVANCOUVER, BC / ACCESSWIRE / November 15, 2021 / Mawson Gold Limited (\"Mawson\") or (the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce commencement of drilling at the Whroo Joint Venture project located 130 kilometres north of Melbourne within 199 square kilometres of exploration tenure in the Victorian Goldfields of Australia (Figure 1).Key points:The 14-kilometre long Whroo goldfield is one of the largest historic epizonal goldfields in Victoria, Australia and remains untested to depth (Figure 3);Mawson plans to drill two deep diamond holes under the Balaclava open pit , which extracted 23,600 oz gold during the 1800s.In the only test of gold mineralization to moderate depth (110 metres vertically) along the entire Whroo goldfield, historic drilling by Newmont intersected 63 metres @ 0.35 g/t gold including 1.5 metre @ 6.1 g/t gold and 1.5 metres @ 5.3 g/t gold (Whroo1);The first drill hole, MDDBC001, is planned to intersect structurally-hosted gold within the pyritic \"mine sandstone\" 250 metres and 120 metres respectively vertically below the Balaclava pit and Whroo1 (Figure 2);The drill rig has been moved from Mawson's 100% owned Sunday Creek project to complete drilling at the Whroo JV for the next month. The rig will return to Sunday Creek after drilling has been completed;Mawson could earn up to 70% joint venture interest in the Whroo JV by incurring exploration expenditures of A$4.0 M over 6 years and making combined cash payments of A$250,000 over 4 years;Michael Hudson, Executive Chairman states: \" There remains a lot of gold to be found in Victoria. Mawson controls 3 of the 9 historic epizonal gold fields in Victoria. Two of these historic fields also form Fosterville and Costerfield, currently the highest and sixth highest grade gold mines globally. We have extended the Whroo goldfield to 14 kilometres length with LiDAR surveying and defined 34,500 surface workings within Mawson's tenure. Yet the deepest drillhole across the field was only 110 metres vertically deep. And despite intersecting significant mineralization in 1973, Whroo1 has never been followed up. We look forward to drilling below one of the largest historic epizonal mines in Victoria, while we take a short break from our successful drill program...

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