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Mawson Intersects New High-Grade Zone 19.5 metres @ 7.1 g/t Gold, 1,006 ppm Cobalt Includes 7 metres @ 17.0 g/t Gold, 2,168 ppm Cobalt
VANCOUVER, BC / ACCESSWIRE / April 20, 2020 / Mawson Resources Limited ("Mawson") or (t...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Intersects New High-Grade Zone 19.5 metres @ 7.1 g/t Gold, 1,006 ppm Cobalt Includes 7 metres @ 17.0 g/t Gold, 2,168 ppm CobaltVANCOUVER, BC / ACCESSWIRE / April 20, 2020 / Mawson Resources Limited (\"Mawson\") or (the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTCPINK:MWSNF) is pleased to announce further high-grade results from the recent 14.1 kilometre drill program at the Company's 100%-owned Rajapalot project in Finland. These results continue to extend gold and cobalt mineralization beyond previously defined resources.Highlights: Drill hole PAL0228 at Palokas, located 120 metres from 2018 inferred resource (>2 g/t lower-cut), intersected 19.5 metres @ 7.1 g/t gold, 1,006 ppm cobalt, 7.8 g/t gold equivalent (\"AuEq\") from 241.8 metres, including 7.0 metres @ 17.0 g/t gold, 2,168 ppm cobalt, 18.4 g/t AuEq from 251.4 metres (Tables 1-4, Figures 1-3);Drill hole PAL0222 at Palokas (previously reported for gold only), drilled 75 metres north of PAL0228, returned 12.2 metres @ 13.2 g/t gold, 1,326 ppm cobalt, 14.0 g/t AuEq from 266.9 metres, including 8.2 metres @ 19.1 g/t Au, 1,572 ppm cobalt, 20.1 g/t AuEq from 266.9 metres (Tables 1-3, Figures 1-3);New high-grade zone: drill holes PAL0222, PAL0228, together with PAL0194 (7.8 metres @ 5.1 g/t Au, 4,454 ppm cobalt, 7.9 g/t AuEq from 425.1 metres) define a newly interpreted 190 metre long higher-grade zone on the south western edge of Palokas, which remains open down plunge to the north and to the south towards the South Palokas prospect (Figures 2 & 3);Mr. Hudson, Chairman and CEO, states, \"More stunning results from Palokas with PAL0228 intersecting 19.5 metres @ 7.1 g/t gold and 1,006 ppm cobalt, highlighting the consistency of high-grade gold mineralization. Importantly, the reported holes define a new higher-grade zone that has considerable room for expansion. Core logging and assaying remains on schedule to deliver an updated resource at Rajapalot at the start of Q3 2020.\"Mawson completed the winter drill program with 37 drill holes for 14,132 metres (including one wedged drill hole and deepening an existing hole), and has released results from 24 drill holes on 20th January, 5th and 28th February 2020, 9th March 2020 and here. Thirteen drill holes remain to be reported. Gold and cobalt assay results from 11 drill holes across the three project areas (Palokas, S...