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Mawson Trenches 8.0 metres @ 19.6 g/t gold and 0.4% Antimony 200 metres Beyond Drill Extensions at Sunday Creek in Victoria, Australia
VANCOUVER, BC / ACCESSWIRE / October 6, 2021 / Mawson Gold Limited ("Mawson" or the "Co...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Trenches 8.0 metres @ 19.6 g/t gold and 0.4% Antimony 200 metres Beyond Drill Extensions at Sunday Creek in Victoria, AustraliaVANCOUVER, BC / ACCESSWIRE / October 6, 2021 / Mawson Gold Limited (\"Mawson\" or the \"Company\") (TSX:MAW)(FRA:MXR)(OTC PINK:MWSNF) is pleased to announce assay results from two trenches located 200 metres east of the current drilled area at the 100%-owned Sunday Creek project in the Victorian Goldfields of Australia. The project is an epizonal-style gold prospect located 56 kilometres north of Melbourne and contained within 19,365 hectares of granted exploration tenements (Figures 1 and 2).Highlights:High grade gold has been discovered in trenching in an undrilled area 200 metres east of the Apollo mine area at Sunday Creek (Figures 3 and 4). Highlights include:14.0 metres at 11.5 g/t gold and 0.3% antimony (Trench 1)including 8.0 metres @ 19.6 g/t gold and 0.4% antimony2 metres @ 4.9 g/t gold and 0.2% antimony (Trench 2)Mineralization remains open 10 kilometres to the east of these trenches where historic mining was common but no drilling has ever taken place. Mawson has recently completed a 1,600 sample soil survey within this 10 kilometre extension with results to be reported shortly;Drilling continues at Sunday Creek with 24 holes now completed for 5,561 metres drilled. Further drill results will be reported shortly with the aim to report a maiden resource in 2022;Given the advancement of the Company's Finnish assets, and recent gold discoveries made in Australia by the Company, Mawson has commenced an internal corporate strategic review to identify, examine and consider opportunities related to its Australian assets in order to enhance shareholder value. Results from the review will be announced shortly.Michael Hudson, Executive Chairman, states: \"With a drill rig continuously turning at Sunday Creek, our focus has turned to expanding the system beyond our current 700-metre-long drill footprint. We are excited to report that the mineralized system continues to grow into undrilled (and unmined) areas. Trenches reported here, which include 8.0 metres @ 19.6 g/t gold, are located 200 metres east of our drill areas. To find such high grade and continuous gold only one metre below surface, never before discovered, shows the prospectivity that this project, and Victoria in general, has to offer...