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Mawson Drills 5.0 metres at 5.9 g/t gold Within Thickest Intercept to Date at Palokas, Finland
VANCOUVER, BC / ACCESSWIRE / June 10, 2020 / Mawson Resources Limited ("Mawson") or (th...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Drills 5.0 metres at 5.9 g/t gold Within Thickest Intercept to Date at Palokas, FinlandVANCOUVER, BC / ACCESSWIRE / June 10, 2020 / Mawson Resources Limited (\"Mawson\") or (the \"Company\") (TSX:MAW(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce results from the final 9 holes from the recent 37 hole, 14.1 kilometre winter drill program at the Company's 100%-owned Rajapalot project in Finland.Highlights: In the thickest mineralized intersection drilled on the Rajapalot project to date, PAL0227, located in an interpreted fold hinge intersected (uncut) 44.6 metres @ 1.4 g/t gold, 452 ppm cobalt, 1.6 g/t gold equivalent (\"AuEq\") from 294.2 metres which includes 5.0 metres @ 5.9 g/t Au, 679 ppm Co, 6.3 g/t AuEq from 294.2 metres (Tables 1-4, Figures 1-3).PAL0227 is located between 40 to 70 metres west of previously reported drill hole PAL0222 which intersected 7.2 metres @ 21.7 g/t gold from 267.9 metres. Intersections within PAL0227 include:PAL0227: 5.0 metres @ 5.9 g/t Au, 679 ppm Co, 6.3 g/t AuEq from 294.2 metres;PAL0227: 7.8 metres @ 1.3 g/t Au, 516 ppm Co, 1.6 g/t AuEq from 308.0 metres;PAL0227: 9.2 metres @ 0.7 g/t Au, 840 ppm Co, 1.2 g/t AuEq from 321.8 metres, and;PAL0227: 4.7 metres @ 2.6 g/t Au, 56 ppm Co, 2.7 g/t AuEq from 334.0 metresPAL0223 intersected 16.2 m @ 1.5 g/t gold, 407 ppm cobalt, 1.8 g/t AuEq or including 1.0 metre @ 12.8 g/t gold, 286 ppm Co, 13.0 g/t AuEq and was drilled 30 metres west of previously reported drill hole PAL0213 which intersected 17.7 metres @ 3.8 g/t gold, 880 ppm cobalt, 4.3 g/t AuEq\" from 293.0 metres and 6.0 metres @ 9.2 g/t Au, 1,364 ppm Co, 10.0 g/t AuEq from 317.0 metres.PAL0230 at the Raja prospect intersected 4.0 metres @ 2.5 g/t gold from 551.0 metres including 1 metre @ 6.9 g/t gold, 204 ppm cobalt, 7.0 g/t AuEq;PAL0230 is 300 metre step-out from the 2018 resource and is 550 metres vertically and 900 metres down plunge from surface, making it the deepest mineralized intersection on the project and demonstrating the Raja system remakes and continues at depth;An updated resource estimate is planned for Q3 2020;As the 2020 winter program winds up, we note 19 of the top 40 high-grade drill intersections by grade-width AuEq, including 9 holes from the 37 drilled this year were drilled after the last resource update (2 g/t AuEq lower cut-off), indicating the significant...