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Mawson Drills 5.5 Metres @ 6.9 G/T Gold and 732 PPM Cobalt Including 1.0 Metre @ 25.4 G/T Gold at Joki East in Finland
VANCOUVER, BC / ACCESSWIRE / December 21, 2020 / Mawson Gold Limited ("Mawson" or the ...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Drills 5.5 Metres @ 6.9 G/T Gold and 732 PPM Cobalt Including 1.0 Metre @ 25.4 G/T Gold at Joki East in FinlandVANCOUVER, BC / ACCESSWIRE / December 21, 2020 / Mawson Gold Limited (\"Mawson\" or the \"Company\") (TSX:MAW)(FRA:MXR)(OTC PINK:MWSNF) is pleased to announce further high-grade gold and cobalt assays from the initial 8 hole drill program from the Joki East prospect located within 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).Additionally, Mawson has now commenced its 18,000 kilometre winter drill program with the first of four drill rigs now mobilized to site to commence drilling at Joki East. Three additional drilling rigs will be mobilized in the new year.Key points:PAL0247 returned 5.5 metres @ 6.9 g/t gold and 732 ppm cobalt (7.4 g/t AuEq) from 220.9 metres including 1.0 metre @ 25.4 g/t gold and 617 ppm cobalt (25.8 g/t AuEq) from 223.8 metres:PAL0247 is the deepest hole at Joki East with encouraging thickness and continuity of grade developing down plunge and was drilled 130 metres north west of PAL0241, the discovery hole at Joki East, that intersected 1.6 metres @ 28.3 g/t gold and 1,190 ppm cobalt (29.2 g/t AuEq) from 168.6 metres (News Release 10 November, 2020) (Figure 1);PAL0246 returned 0.6 metres @ 10.3 g/t gold and 725ppm cobalt (10.8 g/t AuEq) from 188.6 metres, 1.0 metre @ 3.2 g/t gold and 766 ppm cobalt (3.8 g/t AuEq) from 208.6 metres and 1.1 metres @ 0.6 g/t gold and 1,156 ppm cobalt (1.4 g/t AuEq) from 211.2 metres:PAL0246 was drilled 36 metres northeast of PAL0247 and are the only two holes on the deepest section drilled to date at Joki East;Further cobalt assays returned from Joki East, adding to previously released gold-only assays, show universal cobalt enrichment:PAL0245 intersected 1.3 metres @ 25.3 g/t gold and 2,327 ppm cobalt (26.9 g/t AuEq) from 177.1 metres, including 0.9 metres @ 36.6 g/t gold and 2,539 ppm Co (38.3 g/t AuEq) from 177.5 metres, 0.5 metres @ 23.0 g/t gold and 3,974 ppm cobalt (25.8 g/t AuEq) from 191.0 metres and 2.1 metres @ 2.8 g/t gold and 806 ppm cobalt (3.3 g/t AuEq) from 194.8 metres; andA previously reported low-grade gold intersection in PAL0243 intersected significant cobalt: 1.4 metres @ 0.8 g/t gold and 966 ppm cobalt (1.5 g/t Au...