Mawson Resources Begins Drill Program at Palokas

Mawson Resources (TSX:MAW) has commenced a 4,000 meter drill program at its Palokas gold project in Finland. The company also announced the start of 3D geophysical programs at the project.
As quoted in the press release:

wo Energold Group (“Energold”) EGD Series III rigs have been mobilized to drill a minimum of 4,000 metres over the next two months.
• Drilling has commenced and it is anticipated this first pass program will test down to 250 vertical metres with 56 mm NTW size drill core;
• Energold is an experienced provider of hand-portable drilling services throughout the world. Local Finnish employees will form a major part of the team, working in 2 x 12 hr drilling shifts, 6 days a week.
• The primary target for this program is the Palokas Prospect, which will be drilled at a nominal drill spacing of 80 metres, with the aim to prepare and announce the first mineral resource on the property in Q2 2016;
• In addition, a three dimensional induced polarization and resistivity survey (“3D IP/resistivity”) has commenced at Palokas. The survey will extend coverage over the Palokas area to 2.7 kilometres and provide additional drilling targets for current drill program.
• Final results have been received for the last three Winkie rig drill holes PRAJ0115-PRAJ0117, completing a 9 hole 779.4 metres hand-portable summer drill program at Palokas.

Mawson President and CEO, Michael Hudson, said:

After closing our financingtwo weeks ago, we look forward to executing our drill program and testing the Palokas system down dip and along strike with larger diameter and deeper drill core. Our objective is to calculate the first mineral resource at Palokas in Q2 2016.
Existing 3D IP/resistivity data from Palokas have provided an effective gold targeting dataset due to the strong correlation between gold-bearing rocks and low resistivity areas. The extension to this geophysical coverage from 800 metres to 2.7 kilometres along the strike of mineralization will greatly aid in targeting drill holes to the north and south of the immediate Palokas system.

Click here for the full press release.