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Mawson Resources (TSX: MAW) CEO Michael Hudson Gives an Update on Drilling at the Rajapalot Gold Project in Finland

March 23, 2018

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is Chairman and CEO of Mawson Resources (TSX: MAW)(OTC: MWSNF), Mr. Michael Hudson. Mike, how are you?

Michael Hudson: I'm great up here on the arctic circle of Finland, Gerardo.

Gerardo Del Real: Well thanks so much for taking the time today, Mike. You had an update on drilling out of Finland this morning. The first thing I want to touch on is you had to scale back the drilling just a tad bit. So I’d like for you to explain why that occurred, and then I would love to talk about how many holes you've drilled and how many rigs are still turning?

Michael Hudson: Firstly, we're going to meet our plans, Gerardo. We're going to meet our 15-kilometer plans but we did have to rejig a few rigs if you like. We were drilling with five rigs up until today, we pulled back to three rigs because we had an administrative decision that basically made us move out of a certain permit area, which means we lost basically two to three weeks of drilling this winter in that area.

We can still drill in other areas around there, much larger areas, but the key core area, I suppose where we've been focusing and where we've got 10 kilometers of drilling and 44 diamond holes already completed, we had to move out of them a few weeks earlier. It was moving drill rigs around but still a very healthy program, the 15 kilometers we'll meet. We've got something like 39 drill holes still to report. So lots of news flow and lots more drill holes to come.

Gerardo Del Real: So you have 39 drill holes still to report and, just to be clear, there are still three rigs turning. Is that correct?

Michael Hudson: Absolutely.

Gerardo Del Real: Excellent, excellent. Well, Mike, I want to thank you again. I wanted to touch base. I wanted to make sure that the update and the administrative decision wasn’t something that was bigger in magnitude. It sounds like it just set you back a couple of weeks. It's refreshing to know that you have the three rigs, you have a lot of assays coming in, hopefully those assays have some gold in them.

Michael Hudson: Let's hope next time we speak, Gerardo, we can talk about more great gold. Because the first release we had out a few weeks ago certainly was a cracker and I look forward to seeing more results come in and talking to you about them.

Gerardo Del Real: Excellent, you know I've heard rumors that the labs are a bit backed up right now with exploration finally picking back up. Do you anticipate assays in the next couple of weeks? Is that fair?

Michael Hudson: Absolutely we will. We will keep assays going around that time frame.

Gerardo Del Real: Wonderful. Mike, I'll be vigilant and I'll be watching and I'm looking forward to the next set of assays. Thank you so much for your time today.

Michael Hudson: Thanks, Gerardo.

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