Resource Upgrade Next as Drills Hit More High-Grade Gold Over Solid Widths in Finland

 
 
Mawson Gold (TSX: MAW)(OTC: MWSNF) — currently trading around C$0.25 per share — has released drill assays from the Raja target area of its flagship Rajapalot Gold-Cobalt Project, Finland, showing wide intercepts of high-grade gold-cobalt mineralization.

Highlights (from 3 of 4 holes) include:
 

• 7.4 grams per tonne (g/t) gold, 111 ppm cobalt (or 7.5 g/t gold equivalent “AuEq”) over 20.7 meters; including

  • 32.6 g/t gold over 2.2 meters and 19.4 g/t gold over 3.0 meters

• 3.8 grams g/t gold, 783 ppm cobalt (or 4.5 g/t AuEq) over 15.7 meters; including

  • 8.5 g/t gold over 6.0 meters 

• 7.1 g/t gold, 96 ppm cobalt (or 7.2 g/t AuEq) over 2.0 meters

 
The holes were drilled on a shallow 90-meter-wide cross section at the Raja prospect — targeting a shallow, previously undrilled target. 
 
 
 
Importantly, the holes are located just 250 meters up-plunge from a 2018 hole that returned 8 g/t gold and 823 ppm cobalt over a long intercept of 33.6 meters. 
 
Henceforth, the continuity of the mineralized system is coming together nicely for Mawson, which will have a resource upgrade in the hands of MAW/MWSNF shareholders in short order.  
 
Mawson CEO, Michael Hudson — whom you’ll be hearing more from momentarily — commented via press release: 
 
 

"To discover such high grades, over broad widths and at such shallow depths is demonstrative of both the untapped potential of this expanding camp scale discovery in Finland, as well as the continued geological understanding being developed by our experienced Finnish project team. These results more than double the grade and thickness of the shallow parts of the Raja prospect and provide further encouragement as we move towards our soon to be announced resource upgrade for Rajapalot."

 
 
The results are part of the company’s recently completed 76-hole, 19,400 meter program at Rajapalot. Assays from the final 43 completed holes [11,000-plus meters] from five different prospect areas are on-deck as the company aims to go over a million ounces in gold resources in the forthcoming resource upgrade. 
 
 
Our own Gerardo Del Real of Junior Resource Monthly caught up with Mawson CEO, Michael Hudson, to discuss the new high-grade gold intercepts from Raja and the upcoming resource upgrade for Rajapalot, which is on-track for release in Q3. CLICK HERE TO LISTEN. Transcript is also available. 
 
 

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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