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Mawson Mobilizes Four Drill Rigs to Rajapalot Gold Project, Finland
VANCOUVER, BC / ACCESSWIRE / January 27, 2021 / Mawson Gold Limited ("Mawson" or "the C...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Mobilizes Four Drill Rigs to Rajapalot Gold Project, FinlandVANCOUVER, BC / ACCESSWIRE / January 27, 2021 / Mawson Gold Limited (\"Mawson\" or \"the Company\") (TSX:MAW)(FSE:MXR)(OTC PINK:MWSNF) announces that four diamond drill rigs are now at site to complete the 2021 resource expansion drill program at the Rajapalot gold-cobalt project in northern Finland. A total of 20,000 metres of diamond drilling is planned to be completed by mid-April 2021.Key Points:Four drill rigs are now in operation to complete 20 kilometres of resource expansion drilling;The program aims to significantly expand the current 716,000oz AuEq inferred resource. This will be achieved by:Infill and extend high-grade zones within current resource areas, including for example around Palokas drill holes PAL0228: 7 metres @ 17.0 g/t Au, 2,168 ppm Co, 18.5 g/t AuEq from 251.4 metres and PAL0222: 8.2 metres @ 19.1 g/t Au, 1,572 ppm Co, 20.2 g/t AuEq from 266.9 metres;Test and drill out multiple potential near-surface resource areas where near surface scout drilling has identified high-grade mineralization, and subsequent electromagnetic geophysical surveying (\"TEM\") has defined larger conductive bodies. For example, this will include drilling at The Hut, Terry's Hammer and Rumajärvi prospects;One drill rig has been active at the Joki East discovery since November 2020 (completing 14 holes for 3,565.9 metres), with 6 drill holes left to report. The discovery hole at Joki East, PAL0241, returned 1.6 metres @ 28.3 g/t gold and 1,190 ppm cobalt (29.2 g/t AuEq) from 168.6 metres.Mr. Michael Hudson, CEO, states: \"With a later than normal start to winter conditions through Northern Europe, we are now up to full speed with 4 drill rigs in operation in Finland. This is another key drill season as we continue to build a resource of substantial size, in combination with the early stages of environmental impact assessment, permitting and land-use planning studies that are being undertaken for potential future mine development. Drill targets for this program are well constrained, given the continuity of the linear high-grade gold and cobalt mineralization within ground EM conductors. Along with the success of the 2020 winter program, and our continued discovery of new areas of mineralization at Joki East, we are excited to see what the drill bit will deliver o...