Oct. 12, 2021
Mawson Gold (TSX: MAW)(OTC: MWSNF) — currently trading around C$0.17 per share — has released assays from two trenches situated 200 meters to the east of the current drilling area at its 100%-owned Sunday Creek gold project in the Victorian goldfields of Australia, confirming a new near-surface discovery.
- 11.5 grams per tonne (g/t) gold and 0.3% antimony over 14 meters; including:
• 19.6 g/t gold and 0.4% antimony over 8 meters
Antimony is used to increase the hardness of alloys and also has applications in the production of flame retardant chemicals.
Mawson executive chairman Michael Hudson — whom you’re about to hear more from — commented via press release:
“With a drill rig continuously turning at Sunday Creek, our focus has turned to expanding the system beyond our current 700-metre-long drill footprint. We are excited to report that the mineralized system continues to grow into undrilled (and unmined) areas. Trenches reported here, which include 8.0 metres @ 19.6 g/t gold, are located 200 metres east of our drill areas. To find such high grade and continuous gold only one metre below surface, never before discovered, shows the prospectivity that this project, and Victoria in general, has to offer. With 10 kilometres of strike to test, we are excited about the future opportunities that Sunday Creek can deliver.”
A key takeaway beyond the high gold values from this new near-surface discovery area is the very significant undrilled strike-length of 10 kilometers. As part of the exploration approach there, the Mawson field team has now completed an extensive 1,600 sample soil survey over parts of the trend with results due shortly.
Based on the high-grade results produced to-date, speculators can reasonably anticipate the identification of potential drill targets as additional trenching and sampling results are logged and analyzed.
In terms of the ongoing drill program at Sunday Creek, twenty-four holes have been completed thus far with assays just around the corner. Already, the program has returned highlight intercepts of:
- 2.2 g/t gold and 2.1% antimony (or 4.3 g/t gold equivalent “AuEq”) over 15.3 meters
- 3.1 g/t gold and 1.1% antimony (or 4.2 g/t AuEq) over 5.3 meters
Speculators should pay special attention to the higher antimony values here, which serve to significantly elevate the gold-equivalent values, which, in turn, can go a long way in determining the economic viability of a mineral resource.
Our own Gerardo Del Real of Junior Resource Monthly — who’s been covering Mawson’s steady exploration progress at its two core gold exploration projects in Australia as well as the flagship Rajapalot gold-cobalt project in Finland — caught up with executive chairman, Michael Hudson, for a quick catch-up on all-things Mawson Gold.
Please enjoy this exclusive interview by clicking here.
Veering just slightly off-topic — but an important one to be sure — we’re seeing a very significant rise in the price of uranium and select uranium equities… especially on the junior exploration side.
And never one to rest on his laurels… Mr. Del Real has a brand new uranium pick out to his subscribers.
Click here for a brief video presentation on this undiscovered gem that’s poised to help lead America’s uranium production resurgence back to its glory days.
Last but not least, please click here for our feature report on Mawson Gold.
Yours in profits,
Click here to see more from Mawson Gold Ltd.
Editor, Resource Stock Digest