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Mawson Gold (TSX: MAW)(OTC: MWSNF) CEO Michael Hudson on Significant Gold-Antimony Intercepts at Sunday Creek Project in the Victorian Goldfields of Australia
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the CEO of Mawson Gold — Mr. Michael Hudson. Mike, how are you today?
Michael Hudson: Gerardo, always a pleasure!
Gerardo Del Real: More excellent results out of Australia. The headline today read:
Mawson drills 15.3 meters at 2.2 grams per tonne gold and 2.1% antimony at Sunday Creek in Victoria, Australia.
Congrats again, Mike! Listen, every time you and I get to catch up on Australia or Finland, frankly, it's positive drill results. It's more continuity; it's more scale. You have to be happy with the results from this release.
Michael Hudson: Well, it's not every day you walk up to a project and it keeps delivering. And simply put, Sunday Creek has kept delivering. I've had 30 years exploring and — of course like most geologists — we're all optimists because most of the time these things don't work.
But Sunday Creek is continuing at-depth; it’s continuing along strike. The grades; each one of these holes will convert very nicely into the maiden resource that we're working towards later this year or early next year. But this is building a project.
Gerardo Del Real: Well, it's not often that you, as you mentioned, walk up to a project, start drilling it, and — within a few months of the drill bit turning — you're talking about a maiden resource. That's got to come from the confidence in the way that the results have developed, right; the continuity.
This was, I think, the better hole here, the headline hole; the 15.3 meters of 2.2 grams per tonne gold and 2.1% antimony was located 50 meters down dip from the closest drill hole. Again, that's got to be exciting — forget being the CEO hat, just as a geologist — to see this continue to keep delivering that way.
Michael Hudson: No, absolutely. And as you can see, we've already drilled below that again with a hole that is just finished and waiting for those assay results to come in. And we're stepping out at every point.
And absolutely, Gerardo, this is how you create value for shareholders is through discovery. And I think the key point is that continuity… just to pick up on that point you made; continuity is critical.
It's all very well and good getting drill holes and excitement around drill holes. But for the first time, we published a cross section as well as a long section here — and your listeners can go to those and see that there is a coherent zone — it's quite thick. It's over a hundred meters thick and down plunge now; over 200 meters vertically. And it's stacking up hole by hole.
So it's like I said; you drill to make a discovery, and once you've made a discovery, you drill to convert those drill holes into a resource. And that's exactly what I can see happening here.
Gerardo Del Real: You're quickly turning into a company that is just shy of a million ounces in Finland; a million gold ounces. There's a resource update coming up soon.
I know we talked in the past about the goal to get close to that million ounce mark, if not over it. But Australia is also starting to take shape, and it looks like it could be on its way to a significant resource. What does the end of 2021 look like in a perfect world, Mike?
Michael Hudson: It looks like that we will split the assets into two separate companies, and that's what we're working towards here, Gerardo. I mean, we've got to dot the I's, cross the T's and discuss with all of the relevant exchanges.
But clearly, Finland is developing into a project, and towards, not is, but towards a mining project with EIAs and land use rezoning and those kinds of studies as well as economic studies. Albeit, still needs to get bigger — and bigger it will get. But it's taking on that shape.
So it's a very different scenario to what is an early-stage set of discoveries here in Australia. And they're both being a little lost — I feel; we feel as a board — and separating them into the separate assets now that Victoria has got the momentum.
And remember, this is only one of many projects we have here in Victoria, and we'll start discussing as we've been able to compile results from other projects — including Redcastle. So Victoria has got a momentum by itself and really should be valued at a much higher level as a standalone asset, all things being considered with market, etc.
But that's what an ideal world would look like. We'd be going towards our maiden resource in Victoria, and we'd be starting a big drill program again in Finland; another 20 kilometer drill program to increase the ounces and to derisk the ounces in Finland.
Gerardo Del Real: I love the strategy… I think it's brilliant. I have joked because I know it's something you and I have talked about; me hoping to see for a long time. And so I am really glad that the drill bit and mother nature has delivered to the point where that actually makes perfect sense, right? Anything else to add to that, Mike?
Michael Hudson: I suppose, the only thing that we didn't touch on — just quickly as a detail — but you can see the antimony grades are increasing here at Sunday Creek as well. So we're getting as much antimony as in-situ value in the rock as we have gold.
So about a percent antimony is about a gram of gold. And you can see we're getting it with the gold equivalent of that 15 meters with two-and-two; antimony and gold is about four grams gold equivalent. So that's an interesting scenario in its own right.
Antimony is one of the critical metals. It's used through electronics, fire retardants, and the like, and that's going to be a key element in the mix here as well as we go forward.
Gerardo Del Real: Cobalt in Finland; antimony in Australia. You seem to have a knack for gold and critical metals discoveries, Mike!
Michael Hudson: Makes them a little easier!
Gerardo Del Real: Great work! Thank you so much for your time. Looking forward to the pending assays.
Michael Hudson: Very much. Thanks again, Gerardo.
Gerardo Del Real: Alright, we'll chat soon. Bye now.
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