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Mawson Options Large Epithermal Gold Project in the USA, Commences Drilling
Mawson Options Large Epithermal Gold Project in the USA, Commences Drilling Canada...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"\n\n\n\nMawson Options Large Epithermal Gold Project in the USA, Commences Drilling\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.prnml40{\nMARGIN-LEFT:3.33em\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Nov. 5, 2018\n\n\n\nVANCOUVER, Nov. 5, 2018 /CNW/ - Mawson Resources Limited (\"Mawson\") or (the \"Company\") (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) is pleased to announce the Company has signed Exploration and Option Agreements for one of the largest areas prospective for epithermal gold in the lower mainland USA (150,500 hectares) from an arm's length private landholder (the \"Landholder\").  \nWhile Mawson shall maintain a sharp focus on its flagship Rompas-Rajapalot gold-cobalt project in Finland where preparation for a substantial winter drilling program is well advanced, this new Western USA project (\"the WUSA project\") presents the opportunity for rapid progress and discovery in an alternate jurisdiction. Dependent on results, the WUSA project is being explored with a view to potential future joint venture, strategic alliance, or corporate transaction.\nKey Points:\nMawson has optioned one of the largest areas for exploration in mainland USA (150,500 hectares or approximately 56 kilometres x 39 kilometres) from a private landholder (Figure 1). The option area lies in the central Western Cascade Ranges of Lane and Douglas Counties, Oregon, USA; Due to long term ownership by a single landholder, the region has remained largely unexplored and behind locked gates for more than 150 years; The WUSA project is highly prospective for high and low sulphidation epithermal gold systems, and lies adjacent to a 19th century gold rush area. Modern-day placer mining is still being undertaken in the optioned area; Three gold prospects for immediate follow up have been defined to date:1.    Scorpion-CinnabarA 2.2 km long and up to 400-metre-wide zone where soil geochemical samples regularly exceed 1g/t Au (up to 5.51g/t Au) (Figure 2). These gold anomalous soils lie above highly acid altered rocks. The prospect has never been drilled....