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Mawson Drills 1.3 Metres @ 25.3 g/t Gold and 0.5 Metres @ 23.0 g/t Gold at Joki East
VANCOUVER, BC / ACCESSWIRE / November 25, 2020 / Mawson Gold Limited ("Mawson" or the "...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Drills 1.3 Metres @ 25.3 g/t Gold and 0.5 Metres @ 23.0 g/t Gold at Joki EastVANCOUVER, BC / ACCESSWIRE / November 25, 2020 / Mawson Gold Limited (\"Mawson\" or the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce it has drill intersected further high-grade gold 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:PAL0245 returned 1.3 metres @ 25.3 g/t gold from 177.1 metres, 0.5 metres @ 23.0 g/t gold from 191.0 metres and 1.7 metres @ 3.4 g/t gold from 194.8 metres;First observation of multiple levels of mineralization at Joki East;Encouraging thickness and continuity developing down plunge;PAL0245 was drilled 60 metres north west of PAL0241, the discovery hole at Joki East, that intersected 1.6 metres @ 28.3 g/t gold from 168.6 metres (News Release 10 November, 2020) and 80 metres north west of PAL0242 returned 1.6 metres @ 19.2 g/t gold from 155.0 metres (News Release 18 November, 2020) (Figure 1);First cobalt assays returned from Joki East, adding to previously released gold-only assays, show universal cobalt enrichment:PAL0241 intersected 1.6 metres @ 28.3 g/t gold and 1,190ppm cobalt (29.2 g/t gold equivalent (\"AuEQ\")) from 168.6 metres;PAL0242 returned 1.6 metres @ 19.2 g/t gold and 1,478ppm cobalt (20.3 g/t AuEQ) from 155.0 metres;A previously reported low-grade gold intersection in PAL0240, intersected significant cobalt 2.4 metres @ 0.1 g/t gold and 1,187 ppm cobalt (1.0 g/t AuEQ) from 165.1 metres showing the continuity of the host package and mineral system outside gold-rich areas;A total of eight drill holes have been completed at Joki East. Visible gold has been identified in 4 of the 8 drill holes, including PAL0245 reported here and the visible gold-bearing drill hole PAL0247 yet to be reported. 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 trend to the mineralized bodies defined in the other resource areas at Rajapalot. Mineralization so far is thin, but high grade and appears to be ...