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Mawson Discovers Extensive New Gold-bearing Hydrothermal System at Rajapalot, Finland
Mar. 07, 2017 08:54AM PST
Precious Metals Investing
Mawson Resources (“Mawson”) or (the “Company”) (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces drill results from a further four diamond drill holes from the 2016-17 winter program at the Company’s 100% owned Rompas-Rajapalot Project in Northern Finland. This winter a total of 16 diamond holes have been completed to date, with two in progress for 3,753m. Three rigs …
Mawson Resources (“Mawson”) or (the “Company”) (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces drill results from a further four diamond drill holes from the 2016-17 winter program at the Company’s 100% owned Rompas-Rajapalot Project in Northern Finland. This winter a total of 16 diamond holes have been completed to date, with two in progress for 3,753m. Three rigs are now drilling around the clock and a fourth rig will be mobilized to site during mid-March.
As quoted in the press release:
Mr. Hudson, Chairman and CEO, states, “This new style of potassic-iron-sulphide alteration gold-bearing hydrothermal system at South Rajapalot is clearly large, and capable of precipitating gold in a variety of structural and stratigraphic settings across a broad area. Drilling is ongoing and many drill holes that are altered remain to be assayed. The potential of the area continues to grow, we have already drilled gold within a 1.75km strike length from Palokas to South Rajapalot during this early stage of our winter program and we look forward to learning more as further results become available.”
