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Mawson Drills 17.7 metres @ 4.3 g/t AuEq and 6.0 metres @ 10.0 g/t AuEq in 100 metre Step Out Hole, Exceeds South Palokas Best Intercept
VANCOUVER, BC / ACCESSWIRE / February 28, 2020 / Mawson Resources Limited ("Mawson") or...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Drills 17.7 metres @ 4.3 g/t AuEq and 6.0 metres @ 10.0 g/t AuEq in 100 metre Step Out Hole, Exceeds South Palokas Best InterceptVANCOUVER, BC / ACCESSWIRE / February 28, 2020 / Mawson Resources Limited (\"Mawson\") or (the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTCPINK: MWSNF) announces assay results from 2 drill holes for gold and cobalt and 6 holes for cobalt (gold previously reported) from the 2020 winter program at the Company's 100% owned Rajapalot Project in Northern Finland. Drill hole PAL0213, reported here from South Palokas, is now the best drill hole drilled at that prospect.Highlights from the South Palokas prospect: South Palokas remains open at depth (Figure 3), with results from the current program indicating grades of both gold and cobalt are increasing down plunge;Drill hole PAL0213, a down-plunge step out of 100 metres from the December 2018 resource area, intersected 17.7 metres @ 3.8 g/t gold (\"Au\"), 880 ppm cobalt (\"Co\"), 4.3 g/t gold equivalent (\"AuEq\") from 293.0 metres and 6.0 metres @ 9.2 g/t Au, 1,364ppm Co, 10.0 g/t AuEq from 317.0 metres (Tables 1-3, Figures 1-3; AuEq three month price average prices used);PAL0213 is now the best drill hole drilled at that prospect and improves on the previous best gold intersection (PAL0203) returned from South Palokas announced on February 5, 2020;Mineralization has now been drilled over 60 metres width in the PAL0213 cross section (Figure 2), which also includes PAL0203 and PAL0197 (32.0 metres @ 1.4 g/t Au, 1,556 ppm Co from 294.3 metres, drilled during 2019)PAL0203, previously reported for gold only, returned the highest cobalt reported to date from South Palokas with 12.0 metres @ 5.4 g/t Au, 2,221 ppm Co, 6.8 g/t AuEq from 303.0 metres, a 29% increase from \"Au g/t x width\" to \"AuEq x width\" at quoted cut-offs;PAL0204, previously reported for gold only, drilled on the north-eastern edge of the 2018 resource returned 10.3 metres @ 5.7 g/t Au, 961 ppm Co, 6.3 g/t AuEq from 93.7 metres, a 14% increase from \"Au g/t x width\" to \"AuEq x width\" at quoted cut-offs;Highlights from the Palokas prospect: Drill hole PAL0210, on the lower southwestern edge of the resource area returned 23.4 metres @ 1.0 g/t Au, 565 ppm Co, 1.4 g/t AuEq from 128.3 metres and 4.5 metres @ 3.9 g/t Au, 302 ppm Co, 4.1 g/t AuEq from 153.6 metres;This wide mineralized interval...