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Mawson Drills 7.2 Metres @ 21.7 g/t Gold Including 2 Metres @ 52.7 g/t Gold in a 120 Metre Step-Out Hole
VANCOUVER, BC / ACCESSWIRE / March 9, 2020 / Mawson Resources Limited ("Mawson") or (th...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Drills 7.2 Metres @ 21.7 g/t Gold Including 2 Metres @ 52.7 g/t Gold in a 120 Metre Step-Out HoleVANCOUVER, BC / ACCESSWIRE / March 9, 2020 / Mawson Resources Limited (\"Mawson\") or (the \"Company\") (TSX:MAW)(Frankfurt:MXR)(PINKSHEETS:MWSNF) is pleased to announce results from the best drill hole of the 2020 winter season, PAL0222, which returned 7.2 metres @ 21.7 g/t gold from 267.9 metres including 2 metres @ 52.7 g/t gold from 271.0 metres. PAL0222 is a 120 metre step-out that further extends high-grade gold beyond previously defined resources.Mawson has completed 34 holes for 14,232 metres, out of a 15,000 metre planned program and released results from 13 drill holes (20th January, 5th and 28th February 2020 and here). Drilling continues and the planned program should be complete within two weeks. The 2020 program aims to extend and infill mineralization (Figures 1 and 2) and provide data to allow re-estimation of the December 2018 resource during Q3 2020.Assay results from only the Palokas prospect are released here, with two drill holes for gold only (cobalt assays awaited) and two drill holes for gold and cobalt.Highlights: Drill hole PAL0222 at Palokas intersected 7.2 metres @ 21.7 g/t gold from 267.9 metres, including 2 metres @ 52.7 g/t gold from 271.0 metres within a broader zone of 11.4 metres @ 14.2 g/t gold from 266.9 metres (Tables 1-3, Figures 1-2);PAL0222 is located 120 metres down plunge from the nearest inferred resources block (> 2 g/t AuEq, Dec. 2018);Drill hole PAL0221 at Palokas intersected 2.6 metres @ 6.2 g/t gold from 234.3 metres (Tables 1-3, Figures 1-2);PAL0221 was drilled 100 metres from the nearest inferred resource block (> 2 g/t AuEq, Dec. 2018);Drill hole PAL0214 at Palokas intersected 4.8 metres @ 2.4 g/t gold, 894 ppm cobalt, 2.9 g/t gold equivalent (\"AuEq\") from 119.9 metres, including 1.7 metres @ 6.4 g/t gold, 761 ppm cobalt, 6.8g/t AuEq from 122.0 metres (PAL0214) (Tables 1-3, Figures 1-2);PAL0214 drilled 30 metres up-dip from the PAL0030 (10.0 metres @ 9.9 g/t gold and 562 ppm cobalt from 110.2 metres);Drill hole PAL0211 at Palokas intersected 6 metres @ 0.1 g/t gold, 1,904 ppm cobalt, 1.3 g/t AuEq from 246.4 metres (Tables 1-3, Figures 1-2);PAL0211 drilled 90 metres north-east of PAL0222, intersecting higher-grade cobalt on the flanks of high-grade gold mineralization;P...