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Mawson Drills 4.9 metres @ 18.0 g/t Gold and 1,236 ppm Cobalt in Deepest Intersection at Palokas, Finland
VANCOUVER, BC / ACCESSWIRE / May 27, 2020 / Mawson Resources Limited ("Mawson") or (the...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Drills 4.9 metres @ 18.0 g/t Gold and 1,236 ppm Cobalt in Deepest Intersection at Palokas, FinlandVANCOUVER, BC / ACCESSWIRE / May 27, 2020 / Mawson Resources Limited (\"Mawson\") or (the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce further high-grade gold and cobalt results from five additional holes from the Palokas prospect, drilled during the recent 14.1 kilometre winter drill program at the Company's 100%-owned Rajapalot project in Finland.Highlights: The deepest mineralized intersection drilled at Palokas to date, PAL0236, intersected 4.9 metres @ 18.0 g/t gold, 1,236 ppm cobalt, 18.8 g/t gold equivalent (\"AuEq\") from 449.7 metres including 2.0 metres at 31.2 g/t gold from 452.6 metres (Tables 1-4, Figures 1-3);PAL0236 is located 360 metres vertically and 450 metres down plunge from the surface, 250 metres from the 2018 inferred resource (>2 g/t lower-cut) and 140 metres NW and down plunge from previously reported drill hole PAL0222 8.2 metres @ 19.1 g/t Au, 1,572 ppm cobalt, 20.1 g/t AuEq from 266.9 metres and 190 metres from PAL0228 7.0 metres @ 17.0 g/t gold, 2,168 ppm cobalt, 18.4 g/t AuEq from 251.4 metres;Drill hole PAL0216 located 24 metres north east of PAL0222 at Palokas returned 4.0 metres @ 6.0 g/t gold, 456 ppm cobalt, 6.3g/t AuEq from 262.0 metres, 1.0 metres @ 3.2 g/t gold from 273.9 metres and 2.0 metres @ 7.4 g/t gold from 319.0 metres (Tables 1-4, Figures 1-3);Mr. Hudson, Chairman and CEO, states, \"Drilling continues to return impressively high-grade intersections with 4.9 metres @ 18.0 g/t gold and 1,236 ppm cobalt in our deepest intersection to date from Palokas. The project continues to demonstrate grade and width with significant step-outs, while also demonstrating considerable room for expansion, particularly down plunge and southwards towards the South Palokas prospect. Geological modelling based on core logging and assaying remains on schedule to deliver an updated resource at Rajapalot at the start of Q3 2020.\"Gold and cobalt assay results from five drill holes from Palokas prospect are released here (PAL0215, 0216, 0231, 0233 and 0236). The 2020 winter drill program consisted of 37 drill holes for 14,132 metres (including one wedged drill hole and deepening an existing hole). To date Mawson and has released results from 29 drill holes on 20th January, ...