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Mawson Triples Landholding at Sunday Creek and Outlines Exploration Plans for Its Victorian Goldfields Projects in Australia
VANCOUVER, BC / ACCESSWIRE / May 4, 2020 / Mawson Resources Limited ("Mawson" or the "...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Triples Landholding at Sunday Creek and Outlines Exploration Plans for Its Victorian Goldfields Projects in AustraliaVANCOUVER, BC / ACCESSWIRE / May 4, 2020 / Mawson Resources Limited (\"Mawson\" or the \"Company\") (TSX:MAW)(Frankfurt:MXR)(PINKSHEETS:MWSNF) is pleased to provide its first update for its 100%-owned Sunday Creek shallow orogenic (\"epizonal\") gold project (previously known as \"Clonbinane\") in the central Victorian goldfields of Australia.Scheduled Webinar Time: May 5, 2020 08:00 Eastern Time (US and Canada) The Company will host a webinar to discuss the Company's Australian projects. Those wishing to join can do by registering in advance for this webinar. https://us02web.zoom.us/webinar/register/WN_0TkZL9WdRCG8KJNal8k3pAAfter registering, you will receive a confirmation email containing information about joining the webinar.Key points:In late March 2020 Mawson announced a comprehensive deal with Nagambie Resources Ltd to acquire or joint venture three Victorian epizonal projects and a right of first refusal over the largest contiguous tenement package prospective for epizonal-style gold in the State of Victoria (3,600 square kilometres; Figure 1);Mawson has tripled its ground holding at Sunday Creek with the staking of exploration licence (\"EL\") 7232 application (13,243 hectares) for a total land holding of 19,365 hectares (Figure 2);Historic gold mines as Sunday Creek occur over a greater than 11 kilometre trend. Prior drilling has tested only 800 metres of this trend and to an average of 80 metres depth. Selected drill results include:CRC013: 21 metres @ 4.8 g/t gold from 9 metres including 2 metres @ 28.8 g/t gold from 15 metres (Figure 4), and;VCRC022: 8 metres @ 11.3 g/t gold from 66 metres including 2 metres @ 40.3 g/t gold from 70 metres (Figure 5);Trenching has also revealed broad low-grade halos to higher grade mineralization with one surface trench returning 166 metres @ 0.9 g/t gold (Figure 3);Immediate plans at Sunday Creek are to apply tools to define vectors towards epizonal mineralization including geophysical surveys (microgravity, detailed ground magnetics and induced polarization) and alteration studies, followed by 5,000 metres of diamond drilling during Q3 and Q4 2020 to target high-grade and halo mineralization intersected by earlier drilling at Apollo-Golden Dyke and potential r...