Mawson Resources Drills 19.6 Meters of 7.5 G/t Gold at Palokas Discovery

Mawson Resources (TSX:MAW) reported the latest drill results from its Palokas gold discovery in Northern Finland. Highlighted intersections included 19.6 meters of 7.5 grams per tonne of gold, 5 meters of 24.1 grams per tonne of gold with visible gold present and 5.1 meters of 3.8 grams per tonne of gold.

As quoted in the press release, other highlights included:

• Gold mineralization remains open in all directions;
• Drilling tested beneath previous gold intersections. These earlier intersections demonstrated excellent gold extraction results of between 95% and 99% (average 97%) from a combination of gravity separation and conventional cyanidation (see Mawson Press Release October 28 2014);
• Drill results are coincident with a series of near surface geophysical anomalies and form part of a 3.5 kilometre target horizon within a broader district of gold mineralization discovered within a 100km2 area between the Rompas and Rajapalot project areas;
• Follow up drilling with Mawson’s new low-impact, hand-portable Winkie diamond core drill rig will recommence in August 2015.

Mawson president and CEO, Michael Hudson, said:

This is a great result for our investors, and highlights the developing potential of the Palokas discovery. Gold intersections are wide, high-grade and near surface, all providing motivation for our continued optimism for this exciting gold discovery. Mawson’s technical team, who discovered Palokas, is now planning follow up drilling along strike and down dip from these and other gold mineralized drill results. In addition, a summer exploration program is being planned along the 3.5 kilometres of prospective strike around Palokas, as defined by elevated gold in drilling and surface samples with co-incident geophysical responses.

Click here to read the Mawson Resources (TSX:MAW) press release