Mawson Resources announces the discovery of highly significant cobalt enrichment associated with previously identified gold mineralization at the company’s 100 percent owned Rajapalot project in northern Finland.
Mawson Resources (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces the discovery of highly significant cobalt enrichment associated with previously identified gold mineralization at the company’s 100 percent owned Rajapalot project in northern Finland. Following an extensive multi-element drill core re-assay program, followed by a mineralogical QEMSCAN study led by the Geological Survey of Finland to determine mineral association, numerous intervals have been identified which mirror and extend gold mineralized zones. These drill results are considered highly encouraging in the context of existing high-grade gold mineralization.
As quoted in the press release:
Michael Hudson, Chairman and CEO, states, “This re-assay program of drill holes from Rajapalot has highlighted a significant opportunity for Mawson in the battery metals sector. Gold remains the key commodity at Rajapalot by value, however the identification of widespread cobalt enrichment in minerals that are the source of most cobalt mined today, has the potential to add a significant by-product credit to the project. Owing to Finland’s strong position in the processing of cobalt sulphide concentrates, Rajapalot presents as an attractive option for future ethically-sourced cobalt for Europe. To date, less than half the holes drilled at Rajapalot have been assayed for cobalt. Based on this early success, Mawson is now undertaking an extensive re-assay program with the results released in the coming months. Further mineralogical and metallurgical testwork is also planned.”