Mawson Commences Drilling at the Rajapalot Gold Prospect, Finland
25 März 2014 - 1:45PM
Marketwired
Mawson Commences Drilling at the Rajapalot Gold Prospect, Finland
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 25, 2014) -
Mawson Resources Limited ("Mawson") or (the "Company")
(TSX:MAW)(PINKSHEETS:MWSNF)(FRANKFURT:MXR) reports the commencement
of a shallow diamond drill hole program to test coincident
geochemical and geophysical anomalies that lie immediately along
strike from the Palokas gold prospect at Rajapalot, Finland.
Key points:
- Approximately 100 shallow diamond drill holes for 800 metres
will be completed during the next month (Figure 1);
- The aim of the program is to map and define gold anomalous
bedrock beneath glacial soils that cover 98% of the area and to
refine targets for deeper drilling;
- Drilling will target gold-bearing outcrops and boulders that
are coincident with induced polarization (IP), ground magnetic and
VTEM conductive anomalies;
- The drill area is 600-1300 metres along strike from the Palokas
prospect, where recent drill results include 19.5 metres @ 7.4 g/t
gold from 1.3 metres (see Mawson Press Releases October 03, 2013,
October 16, 2013 and January 20, 2014).
Mr. Hudson, President & CEO, states, "Our recent field
work has defined a robust exploration target over 700 metres of
strike outside the Natura 2000 biodiversity area, and is fully
permitted for larger scale drilling. The aim of this program is to
map and define targets beneath the ubiquitous and thin glacial
deposits that mask most of the bedrock in Northern Finland. If this
drill program is successful, we plan to mobilize larger diamond
drill rigs to tests deeper targets in spring."
The independent drilling contractor is Ludvika BorrTeknik AB and
the drill program will take approximately 1 month to complete with
initial results due soon after program completion.
In other news, the Finnish mining authority, TUKES, remains on
track to make a decision regarding permitting the mobilization of
larger drill rigs in Natura 2000 areas during the European
summer.
About Mawson Resources Limited
(TSX:MAW)(PINKSHEETS:MWSNF)(FRANKFURT:MXR)
Mawson Resources Limited is an exploration and development
company. Mawson has distinguished itself as a leading Scandinavian
exploration company with a focus on the flagship Rompas gold
project in Finland.
Technical Background
The qualified person for Mawson's Finnish projects, Mr Michael
Hudson, President & CEO for Mawson and Fellow of the
Australasian Institute of Mining Metallurgy has reviewed and
verified the contents of this release.
On behalf of the Board,
Michael Hudson, President & CEO
To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/maw-fig1-0325.pdf.
Forward Looking Statement
This press release contains forward-looking statements or
forward-looking information within the meaning of applicable
securities laws (collectively, "forward-looking statements"). All
statements herein, other than statements of historical fact,
including statements regarding the planned drill program and
anticipated exploration results, are forward-looking statements.
Although Mawson believes that such statements are reasonable, it
can give no assurance that such expectations will prove to be
correct. Forward-looking statements are typically identified by
words such as: believe, expect, anticipate, intend, estimate,
postulate and similar expressions, or are those, which, by their
nature, refer to future events. Mawson cautions investors that any
forward-looking statements are not guarantees of future results or
performance, and that actual results may differ materially from
those in forward looking statements as a result of various factors,
including, but not limited to, capital and other costs varying
significantly from estimates, equipment failure, unexpected
geological conditions, operational delays, environmental and safety
risks, and other risks and uncertainties disclosed under the
heading "Risk Factors" in Mawson's most recent Annual Information
Form filed on www.sedar.com. Any forward-looking statement speaks
only as of the date on which it is made and, except as may be
required by applicable securities laws, Mawson disclaims any intent
or obligation to update any forward-looking statement, whether as a
result of new information, future events or results or
otherwise.
Mawson Resources LimitedMariana Bermudez/Donna Werbes+1 (604)
685 9316+1 604 683 1585Mawson Resources LimitedSeema Sindwani+1
647-478-3017info@mawsonresources.comwww.mawsonresources.com
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