Business
Mawson Resources Changes Name to Mawson Gold
VANCOUVER, BC / ACCESSWIRE / August 4, 2020 / Mawson Resources Limited ("Mawson" or "th...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Resources Changes Name to Mawson GoldVANCOUVER, BC / ACCESSWIRE / August 4, 2020 / Mawson Resources Limited (\"Mawson\" or \"the Company\") (TSX:MAW)(Frankfurt:MXR)(OTC Pink:MWSNF) announces that it has changed its name to Mawson Gold Limited and that effective August 6, 2020, the Company will commence trading under its new name on the Toronto Stock Exchange under the same stock symbol. The CUSIP number assigned to the Company's shares following the name change is 577789100 and ISIN CA5777891006.Michael Hudson, CEO, states, \"After 10 years of focusing on gold exploration in Finland, and more recently Australia, the name change to Mawson Gold better reflects and brands our core business. Shareholders can anticipate results from drill programs from three globally significant precious-metal terrains (Finland and both the Victorian Goldfields and Mt Isa in Australia), plus a resource upgrade in Finland, during the remainder of the 2020 year.\"In Finland, the 100% Rajapalot gold-cobalt exploration project is the Company's flagship property, located just south of the Arctic Circle in Finnish Lapland where the Company has made a significant greenfields discovery:In late 2018, a pit and underground maiden Constrained Inferred Mineral Resource of 424,000 ounces of gold at 3.1 g/t AuEq (4.3 million tonnes at 2.3 g/t Au, 430 ppm Co) at 0.37 g/t AuEq cut-off open pit and 2 g/t AuEq underground was calculated.Better drill holes drilled this year after the 2018 resource include drill hole PAL0222 8.2 metres @ 19.1g/t gold and 1,572ppm cobalt and PAL0228 7.0 metres @ 17.0g/t gold and 2,168ppm cobalt;Metallurgically, gold is free milling which augers well for a conventional and simple flow sheet;A resource update is planned during Q3 2020 and the project is on a runway towards further resource expansion with only 5% of the mineralized host horizon tested within a 100 square kilometre area;Drill targets for the program are well constrained, given the continuity of the linear high-grade gold mineralization within electromagnetic (\"EM\") conductors;Fixed loop EM surveys are ongoing and will aid in defining further blind mineralized bodies. Drilling with one drill rig will recommence in September. A 20 kilometre, five drill rig resource expansion and definition program is planned from December 2020.In the Victorian goldfields of Australia:...