Precious Metals

Mawson Resources (TSX:MAW) has announced results from infill drilling at the Raja permit and first systematic base of till drill program in the Kairamaat 2-3 permit area within the Rajapalot gold project. As quoted in the press release: The BOT drill program consists of shallow grid-based drilling designed to test for gold mineralization beneath thin …

Mawson Resources (TSX:MAW) has announced results from infill drilling at the Raja permit and first systematic base of till drill program in the Kairamaat 2-3 permit area within the Rajapalot gold project.
As quoted in the press release:

The BOT drill program consists of shallow grid-based drilling designed to test for gold mineralization beneath thin glacial soil cover.
Key Points:

  • In total across all permit areas, 1,350 BOT holes have now been completed from a planned 1,450 hole program. Drilling is continuing and assays from 321 holes are awaited from Kairamaat 2-3;
  • The larger area for BOT drilling was delineated by Mawson’s previous discovery of 201 boulders and subcrop grab samples with >0.1 g/t gold that range from 0.1 g/t gold to 3,220 g/t gold with an average of 89.3 g/t gold and median of 0.9 g/t gold. Grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property
  • New results reported here include:
    • o804 BOT drill holes over a 4 km x 3 km area within Natura 2000 areas at Rajapalot (Kairamaat 2-3) confirm the large scale and tenor of gold anomalism across the property (Figure 1). Multiple new targets have been defined (Figures 1-4);
    • o206 infill BOT holes at 25 metre spacing drilled east of Kairamaat 2-3 at Raja (Figure 1), and outside Natura 2000 areas, have defined six diamond drill-ready targets. This is a follow up to grid drilling as reported on Mawson News Release October 25, 2016.
  • Encouragingly, gold mineralized BOT samples match and better define the surface trend of the Palokas prospect where previous diamond drill intersections include 5.4m @ 37.6 g/t gold from 2.5 m and 19.3m @ 7.4 g/t gold from 1.3m. True thickness of mineralized intervals is interpreted to be approximately 90% of the sampled thickness.
  • Lateral continuity of gold mineralized rocks below thin glacial soil over a broad area (Figures 1 to 4) can now be inferred from interpretation of ground magnetics, BOT rock types and alteration minerals (in particular, chlorite, muscovite, biotite and talc) combined with gold, bismuth and tellurium, and other trace and major element assays. At Palokas a distinctive gold core with a bismuth halo is evident in the BOT data;
  • Diamond drilling continues with two drill rigs operating 24/7 at Rajapalot. Results from this program will start to be reported shortly.

Click here to read the full press release.

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