New High-Grade Gold Hits from Down Under

by Mike Fagan

Mike Fagan


Mawson Gold (TSX: MAW)(OTC: MWSNF) — currently trading just below C$0.30 per share — has announced assays from the deepest drill hole to-date at its 100%-owned Sunday Creek Project, Victoria, Australia — highlighted by 3.7 grams per tonne (g/t) gold and 0.7% antimony over 17.7 meters.

The highlight intercept also includes 2.2 metres at 15.8 g/t gold and 3.3% antimony (Sb).

Drilling took place below the historic Apollo and Gladys mine areas at Sunday Creek where Mawson is targeting epizonal mineralization from multiple sheeted vein structures within a 200 x 150 meter area, with over 500 meters of strike, within a broader 11-kilometer historic mine trend.   

Mawson CEO, Michael Hudson, whom you’ll be hearing more from in just a second, commented via press release:
 

"Sunday Creek is shaping up as one of the best discoveries to emerge from the new wave of gold exploration in Victoria, with this new drilling delivering our best and deepest result from the project. Impressively, we see a broad zone of mineralization (36.4 metres @ 2.4 g/t Au and 0.4% Sb) that includes multiple high grade sheeted veins including 0.2 metres @ 37.3 g/t Au and 12.0% Sb and 2.2 metres @ 15.8 g/t Au and 3.3% Sb. MDDSC012 is the first drill hole to test beneath old mine workings, and demonstrates that high-grades continue to depth. Drilling continues with the Company looking to bring in extra drill capacity. As we continue to extend the system in all directions, the chance to find further high-grade blow outs at Sunday Creek remains an exciting opportunity."


The Mawson team is awaiting assays from the remaining 2 of 14 holes from Sunday Creek where drilling continues via one rig with a second rig due to arrive onsite in May. The company has also initiated a 2,500-point soil sampling program to test the broader 11-kilometer trend.  

Other recent highlight intercepts from Sunday Creek include 6 g/t gold over 7 meters, including 9.7 g/t gold over 3.4 meters.  

Also noteworthy is the importance of the antimony byproduct at Sunday Creek. Antimony is a US federally designated critical mineral with zero domestic production with advanced applications in renewable energy including in wind turbines and solar panels as well as emerging liquid metal batteries.

Speculators can expect a ton of news flow from Mawson over the next several quarters as it advances its three Victorian gold projects and its flagship Rajapalot gold-cobalt project in Finland where four rigs are currently spinning.

Our own Gerardo Del Real of Junior Resource Monthly sat down with Mawson CEO, Michael Hudson, for an overview of the recent high-grade hits from Sunday Creek and an update from Finland where additional drill assays are due in short order. You can catch this interview (and transcript) here.

Our most recent report on Mawson Gold can be accessed here.

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest
 


Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.