Resource Upgrade Due Next as Final Gold-Cobalt Assays Arrive in Finland

 

Mawson Gold (TSX: MAW)(OTC: MWSNF) — currently trading around C$0.25 per share — has released assays from the final 36 holes from the company’s 76-hole, 19,400-meter drill program at its flagship Rajapalot Gold-Cobalt Project, Finland.

Highlights include: 

  • Hut Prospect: 7.4 grams per tonne (g/t) gold and 2,290 ppm cobalt (or 9.4 g/t gold equivalent “AuEq”) over 3.6 meters

  • Rumajärvi Prospect: 8.3 g/t gold and 283 ppm cobalt (or 8.6 g/t AuEq) over 3.0 meters

  • South Palokas Prospect: 3.1 g/t gold and 866 ppm cobalt (or 3.9 g/t AuEq) over 8.5 meters

These results and others will be factored into a much anticipated resource upgrade, due in the next couple of weeks, for the Rajapalot project.

Mawson CEO, Michael Hudson — whom you’re about to hear from directly — commented via press release:

"A wealth of grade with good thickness from drill results extending from near surface to depth, contained within a 1.8-kilometre-long trend at Rajapalot, to complete our reporting for the 19.4 km 2021 drill program. Our 2021 drilling program has delivered more economic/grade width intersections than ever before, with the discovery of 2 new resource areas, and the extension of a further 4 more resource areas. With all results now received, we eagerly await the finalization of our next resource upgrade, due before the end of August."

The Mawson team is aiming for a resource north of one million gold equivalent ounces in the upcoming upgrade. Importantly, the company has only tested about 5% to 10% of the host horizon across the property, which has already proven to host multiple gold-cobalt prospects — all of which remain open.

Through a combination of multi-rig diamond drilling and land use planning processes, the Mawson team has been systematically derisking the Rajapalot project — which is already considered a strategic gold-cobalt resource for the country of Finland — from the exploration stage to a potential mine project.

The resource upgrade is an important next milestone for the company. Our own Gerardo Del Real of Junior Resource Monthly caught up with Mawson CEO, Michael Hudson, to go over the final batch of assays from the 2020-21 program and the forthcoming resource upgrade for Rajapalot. CLICK HERE TO LISTEN. Transcript is also available. 

Enjoy!  Be sure to also click here for our feature report on Mawson Gold.

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.

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