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Mawson Geophysical Survey Doubles Raja Gold-Cobalt Prospect in Finland
Mawson Geophysical Survey Doubles Raja Gold-Cobalt Prospect in Finland Canada News...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"\n\n\n\nMawson Geophysical Survey Doubles Raja 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, Nov. 26, 2018\n\n\n\nVANCOUVER, Nov. 26, 2018 /CNW/ - Mawson Resources Limited (\"Mawson\") or (the \"Company\") (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces promising electromagnetic survey results from the Raja prospect and updates the progress of geophysical surveys within the Company's 100% owned gold-cobalt Rajapalot project in northern Finland.\nMultiple geophysical surveys are ongoing at the Rajapalot area with fixed-loop transient electromagnetic (\"TEM\") designed to refine winter resource extension drilling and constrain airborne VTEMplus electromagnetic anomalies (\"VTEM\"); induced polarization (\"IP\") to target new near-surface gold-cobalt mineralization (Figure 1); and mise-á-la-masse (\"MALM\") to define mineralization in subcrop and demonstrate continuity of mineralized bodies.\nKey Points: \nTEM surveying completed to date has discovered a strongly conductive body to the north of Raja, that corresponds closely with known mineralized drill intercepts (including drillhole PAL0093: 33.6 metres @ 9.4 g/t Au Eq (\"gold equivalent\"), 8.0 g/t gold, 823 ppm cobalt from 243.0 metres), and extends 550 metres down plunge beyond the drilled area. The conductive body more than doubles the Raja mineralization footprint to more than 1 kilometre (Figures 1 & 2) and remains open down plunge; This conductive body and other extensions to Raja will be tested within a planned 15,000 metre drill program that will begin in January (subject to final permitting); TEM surveying continues at Raja to map the northern extension of the conductive body. Surveying will then define sources of strong airborne VTEM anomalies (Figure 1) along the 2 kilometre trend from the Rumajärvi, Hut and Palokas prospects; MALM surveys at Raja have located anomalies associated with drilled mineralization that demonstrate mineralization is coherent over a 450-metre strike length and supports the north-west extensions ...