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Mawson Extends South Palokas Mineralization with Shallow Intercept Grading 6.3 G/T Gold Over 9 Metres from 93.7 Metres
VANCOUVER, BC / ACCESSWIRE / January 20, 2020 / Mawson Resources Limited ("Mawson") or ...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Extends South Palokas Mineralization with Shallow Intercept Grading 6.3 G/T Gold Over 9 Metres from 93.7 MetresVANCOUVER, BC / ACCESSWIRE / January 20, 2020 / Mawson Resources Limited (\"Mawson\") or (the \"Company\") (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces assay results from the first two diamond drill holes reported from the 15,000 metre 2020 winter drill program at the Company's 100% owned Rajapalot Project in Northern Finland.Resource expansion drilling commenced late in 2019 and after a Christmas and New Year break, restarted on January 09, 2020 with five diamond drill rigs focused at Palokas, South Palokas and Raja prospects. Seven drill holes have been completed totaling 1865 metres.The drill program aims to infill and extend the Palokas, South Palokas and Raja resource areas (Figure 1) delivering the data for an updated resource estimate at the end of Q2-Q3 2020;Highlights: At the South Palokas prospect, drill hole PAL0204 intersected 9.0 metres @ 6.3 g/t gold from 93.7 metres (Tables 1-3, Figures 1-2):PAL0204 extends mineralization at a significantly higher grade than the adjacent blocks 25 metres northeast of the inferred South Palokas resource published in December 2018;At the Palokas prospect, drill hole PAL0205 intersected 4.5 metres @ 4.5 g/t gold from 101.0 metres:PAL0205 is located 60 metres southwest of earlier high-grade intersections (PAL0027 6.8 metres @ 14.7 g/t gold from 34.4 metres);Cobalt and multi-element assays remain pending;Drilling continues with two drill rigs at each of Palokas and South Palokas prospects and one at Raja prospect.Mr. Hudson, Chairman and CEO, states, \"With both drill holes extending the Palokas and South Palokas resource areas, this is a solid start to our winter drilling. It is a testament to the increased geological understanding of the controls on Rajapalot mineralization that we are obtaining high-grade intersections at the start of the program which will further aid drill targeting the high-grade gold mineralization to depth. We welcome all to Mawson's Core Shack at AME Roundup 2020 from 22nd to 23rd January, to discuss our work programs and view representative samples of drill core, including these new results. Drill results will continue to be reported over the next four months as the planned 15,000 metre drill program continues.\"A plan view of the c...