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Mawson Geophysical Survey Doubles Prospective Mineralized Zone at South Palokas Gold-Cobalt Prospect in Finland
Mawson Geophysical Survey Doubles Prospective Mineralized Zone at South Palokas Gold-Cobal...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"\n\n\n\nMawson Geophysical Survey Doubles Prospective Mineralized Zone at South Palokas Gold-Cobalt Prospect in Finland\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Jan. 16, 2019\n\n\n\nVANCOUVER, Jan. 16, 2019 /CNW/ - Mawson Resources Limited (\"Mawson\") or (the \"Company\") (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces promising electromagnetic survey results from the South Palokas prospect and updates winter 2019 drill plans at the Company's 100% owned gold-cobalt Rajapalot project in northern Finland. \nThe Company announced a maiden gold-cobalt resource for the Rajapalot project on December 17 2018, which was comprised of the Raja and Palokas prospects. South Palokas is one of two bodies that made up the Palokas resource estimate and at the time measured 180 metres of strike, depth of 220 metres and widths of up to 20 metres.\nKey Points: \nA recently completed electromagnetic geophysical survey has outlined a strongly conductive body immediately down plunge from the South Palokas gold-cobalt resource. At the upper margin, this conductive zone encompasses PAL0016, the deepest drill hole at South Palokas, which intersected 8.4 m @ 5.7 g/t AuEq (\"gold equivalent\"), 4.9 g/t gold, 471 ppm cobalt from 206 metres; Modelled conductive plates extend 250 metres down dip beyond the South Palokas resource. The conductive body doubles the South Palokas mineralization footprint (Figures 1 & 2) and remains open down dip to the northwest; Geophysical field crews continue to collect fixed-loop transient electromagnetic (\"TEM\") data at Palokas, and over a broader area at Rajapalot with the aim of mapping the source of additional strong heliborne VTEMplus anomalies (Figure 2) along the 4 kilometre trend that includes the Raja, Rumajärvi, Hut and Palokas prospects; The South Palokas and Raja conductive bodies, along with other extensions to gold-cobalt resources, will be tested by a drill program scheduled to commence in late January 2019 (subject to final permitting). A 15,000 metre, five drill rig program is proposed, with con...