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Mawson Enters Central Victorian Goldfields in Australia Through Strategic Investment, Direct Project Acquistion and Joint Ventures
VANCOUVER, BC / ACCESSWIRE / January 29, 2020 / Mawson Resources Limited ("Mawson" or t...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Enters Central Victorian Goldfields in Australia Through Strategic Investment, Direct Project Acquistion and Joint VenturesVANCOUVER, BC / ACCESSWIRE / January 29, 2020 / Mawson Resources Limited (\"Mawson\" or the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTCPINK:MWSNF) is pleased to announce its entry into the Tier 1 goldfields of central Victoria, Australia, via a multifaceted agreement with major landholder Nagambie Resources Limited (NAG:ASX) (\"Nagambie\"). Mawson's technical team are consistently reviewing opportunities with a view to generate value for Mawson shareholders through project acquisition, exploration and divestment. The Company believes its Finnish assets and newly acquired Australian assets are a natural fit, bringing together a high-quality gold exploration portfolio in two safe and mining friendly jurisdictions.\"Today's acquisition of gold assets in Victoria, Australia, represents an exciting new opportunity for Mawson. It provides for the outright purchase and joint venture of three high-grade, Fosterville-style (shallow-orogenic or epizonal) exploration projects with numerous historic mines, that lack drill testing to depth, together with a right of first refusal on one of the largest land packages (2000 square kilometres) of high priority exploration ground in the State,\" commented Mr. Michael Hudson, Chairman and CEO. \"Victoria is one of the world's largest orogenic gold provinces, with more than 80 million ounces of gold mined since the 1850s. Following the recent high-grade discovery success at Kirkland Lake Gold's Fosterville mine, the significant potential of shallow orogenic deposits is now better understood.\"Webcast Conference CallThe Company will host a webcast conference call to review the acquisition on Thursday, January 30, 2020at 8:00am ET. Those wishing to join the call can do so using the telephone numbers listed below. The callwill also be webcast and available on the Company's website at www.mawsonresources.com.Date: Thursday, January 30, 2020 at 8:00am Eastern TimeParticipant numbersToll Free: 844-602-0380International: +1 862-298-0970Replay NumberToll Free: 877-481-4010International: +1 919-882-2331Replay Passcode: 58280Event Linkhttps://www.webcaster4.com/Webcast/Page/2197/32999Transaction Highlights: Acquisition of three Fosterville-style high-grade gold assets in Victoria, Au...