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Mawson Summarizes Successful 2021 Drilling at Rajapalot, Finland
VANCOUVER, BC / ACCESSWIRE / August 23, 2021 / Mawson Gold Limited ("Mawson") or (the "...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Summarizes Successful 2021 Drilling at Rajapalot, FinlandVANCOUVER, BC / ACCESSWIRE / August 23, 2021 / Mawson Gold Limited (\"Mawson\") or (the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to summarize drill results from the Company's 76 hole, 19,422 metre 2020/21 drill program at the Company's 100%-owned Rajapalot gold-cobalt project in Finland (Figure 1).Key Results:The soon to be released Rajapalot resource update will cover eight prospect areas (The Hut, Terry's Hammer, Rumajärvi, Palokas, South Palokas, Raja, Uusisaari and Joki E). The 2020/21 drill program has led to the discovery of two new gold-cobalt zones, delineated significant extensions to four more prospects with defined resources and added two further prospects suitable for wireframing and resource estimation (Figure 1);Approximately 80% of the Rajapalot area, or 20 kilometres of mineralization-host package remains untested by drilling. Rajapalot forms a smaller part of Mawson's larger 100 square kilometre Rompas-Rajapalot Finnish project area owned 100% by Mawson.Key results from the program include (Figure 1):Drill delineation of coherent gold-cobalt zones at the Hut and Joki East , which are located 500 metres and 1,500 metres respectively from the closest Inferred Mineral resource areas (Figure 1).Joki East is a blind discovery from 150 metres depth made by Mawson this drill season. Mineralization is thin but very high grade and extends over 225 metres down-plunge and 30-40 metres across strike. The mineralization is in an all-season drill area and remains open up- and down-plunge. Mise-a-la-masse geophysics undertaken at Joki East has confirmed the shape and extent of the sulphidic gold-bearing body up plunge and demonstrated that mineralization shows good connectivity between drill holes. Key results included PAL0241 which intersected 1.6 metres @ 28.3 g/t gold (\"Au\") and 1,190 ppm cobalt (\"Co\") , 29.2 g/t gold equivalent (\"AuEq\") from 168.6 metres;At the Hut , a new discovery delivered the thickest mineralized zone drilled to date at Rajapalot with PAL0259 intersecting 70.3 metres @ 0.9 g/t Au, 828 ppm Co, 1.6 g/t AuEq from 95.8 metres (no lower cut-off applied). Follow up drilling included 3.6 metres @ 7.4 g/t Au, 2,290 ppm Co, 9.4 g/t AuEq from 207.7 metres in PAL0301;At South Palokas significant extensions of minera...