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Mawson Expands Exploration Search Radius in Finland
VANCOUVER, BC / ACCESSWIRE / June 29, 2022 / Mawson Gold Limited ("Mawson") or (the "Co...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Expands Exploration Search Radius in FinlandVANCOUVER, BC / ACCESSWIRE / June 29, 2022 / Mawson Gold Limited (\"Mawson\") or (the \"Company\") (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS:MWSNF) announces updates to its exploration strategy expanding the search radius to encompass a large prospective, but untested, area of its 18,000 ha 100% owned-Rajapalot gold-cobalt project in northern Finland.Highlights:Majority of Mawson's 18,000 ha land package is underexploredSearch radius to be expanded to encompass an approximate 5,000 ha area between 1 Moz AuEq Rajapalot inferred resource, and the ~10 km long subcropping Rompas system which reported a drilling highlight of 6 m at 617 g/t Au (Figure 1)Drone and ground based magnetic surveys have recently been undertaken to identify structural controls dated 1.78-1.8 billion years, responsible for ~5 Moz Au in recent Finnish discoveriesFollow-up testing of the basement rocks immediately beneath shallow till by BOT drilling, with permitting in progressMr. Fairhall, CEO, states \"Whilst we are busy pulling together the PEA over Rajapalot, we are challenging our geologists to make the next million ounce discovery. Mawson controls a large land package in Lapland, with material discoveries on the eastern and western edges of the property. Nevertheless, huge swathes of the project remain undrilled and under explored due to a thin veneer of glacial sediments that average 3-5 metres thick covering 99% of the tenured area. The recently completed magnetic surveys allow us to efficiently identify the most prospective host rocks for more detailed investigation; the same rocks have delivered approximately 5 Moz of gold discoveries in Finland in recent years, including over 1 Moz AuEq already on the property\".Over the last three years Mawson's knowledge of the age of structural control of mineralization has improved significantly through systematic analysis of its 1 Moz AuEq Rajapalot inferred resource, its Rompas discovery (Figure 1), as well as knowledge gained through peer discoveries such as Rupert Resources 3.9 Moz Au Ikkari. Age data on these three significant discoveries indicates commonality with a Lapland-wide regional gold mineralization event dated 1.78-1.80 Ga. Furthermore, dating has shown that this is not just a Nordic gold event, rather it is part of significant worldwide gold minerali...