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Mawson drills 0.5 metres at 148 g/t gold uncut at South Rompas, Finland

03.04.2013  |  CNW

VANCOUVER, April 3, 2013 /CNW/ - Mawson Resources Limited ("Mawson") TSX - MAW; Frankfurt - MXR, PINKSHEETS- MWSNF announces the second batch of drill results from the 2013 winter drilling program at the North Rompas, South Rompas and North Rajapalot prospects in Finland.  Results from the remaining 29 holes of a 51 diamond drill hole program are reported below.  The best intersection returned is 0.5 metres at 148 g/t gold and 0.42% U3O8 from 16.5 metres depth in drill hole ROM0074 at South Rompas.

Key points:

  • Highlight results are 0.5 metres at 148 g/t gold and 0.42% U3O8 from 16.5 metres in drill hole ROM0074 and 1.4 metres at 17.6 g/t gold and 0.03% U3O8 from 5.8 metres in drill hole ROM0079 from South Rompas (Figures 1 and 2);

  • At South Rompas, drilling has clearly defined a gold-mineralized envelope;

  • At Rajapalot, drilling has intersected broad low-grade gold zone, 8 kilometres east of the Rompas trend;

  • In total 51 drill holes have been completed this winter at Rompas-Rajapalot, with 29 drill holes for 2,462 metres drilled at North Rompas; 14 holes for 753 metres at South Rompas and 8 holes for 762 metres at North Rajapalot (Figure 1).

Mr. Michael Hudson, President & CEO, states, "The majority of the new results presented here, which include 0.5 metres at 148 g/t gold at a shallow depth are from South Rompas (Figure 2), where the vein-style gold mineralization is shaping up.  Notably, 9 of the 14 drill holes at South Rompas intersected gold bearing structures.  Bulk testing is now required to estimate the true grade of the gold which varies from bonanza grades to lower grades over short intervals.  It is also encouraging to see gold discovered in this program on lower priority geophysical targets at Rajapalot, 8 kilometres to the east of Rompas.

As previously discussed, a further 80% of highest priority targets on the Rompas-Rajapalot project remain within areas where the Company is not yet permitted to drill. This includes the extensive disseminated style mineralization discovered in 2012 at Rajapalot. Although Mawson holds the mineral rights within these areas, drilling is not permitted until the Company submits its environmental program and a modified claim decision is granted by the Finnish authorities. It remains critical to the development of the Rompas-Rajapalot project that we work in conjunction with the Finnish authorities to gain drilling access to our best exploration targets in the shortest possible timeframes."

Eight drill holes from North Rompas are reported, namely holes ROM0061 to ROM0068 (Figure 3). Holes ROM0061 - ROM0063 were drilled on wider cross sections at 100-200 metres spacing while holes ROM0064 to ROM0068 were drilled on 40-50 metre spaced crossed sections (Table 2).  Fourteen drill holes are reported from South Rompas, namely holes ROM0069 to ROM0082 (Figure 2).  These holes were drilled on 10-15 metre spaced crossed sections (Table 2).  Eight drill holes are reported from North Rajapalot, namely holes PAL001 to PAL007 (Figure 1).

Drilling at North Rajapalot encountered low grade mineralization, as evidenced in PAL0003 and PAL0003B which respectively intersected 2.5 metres at 0.3 g/t Au and 3.1 metres at 0.4 g/t Au. Although sub- economic, this additional information will help understand the controls and distribution of gold mineralization in this virgin area, located 8 kilometers east of Rompas (Figure 1).

At Rompas, the highest grade gold mineralization occurs in individual structures which may have a small horizontal footprint, perhaps less than the current drill spacing, within the much larger mineralized envelope.  To date, drilling has not defined the scale, orientation or the continuity of the high grade gold within the broader mineralized envelope.  The true thicknesses of the high grade structures remain unknown. However, down hole radiometric measurements are a good proxy for gold mineralization, and indicate that there are continuous zones of higher radioactivity with variable grades of gold mineralized structures, which now need to be tested via bulk sampling.

About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)

Mawson Resources Limited is a resource acquisition and development company. The Company has distinguished itself as a leading Scandinavian exploration company with a focus on the flagship Rompas-Rajapalot gold project in Finland.

On behalf of the Board,

"Michael Hudson"  
Michael Hudson, President & CEO

Technical Background

Samples were transported by Mawson personnel from site to ALS Chemex Ltd's laboratory in Piteå, Sweden or Sevillle, Spain where the samples were prepared and sent to ALS Chemex Ltd's laboratory in Vancouver, Canada to be analyzed by Au-ICP21, GRA-21, ME-MS41u, PGM-ICP27 and ME-MS61u techniques. The QA/QC program of Mawson consists of the systematic insertion of certified standards of known gold content, with blanks at the beginning of each batch.  In addition, ALS Chemex inserts a number of blanks and standards into the analytical process. The drilling was undertaken by ADC Arctic Drilling Company Ltd Oy of Finland who provided HQ diameter core. Drill recoveries are excellent and average close to 100% in fresh rock. After photographing and logging, core intervals averaging 0.7 metres in length were cut in half at the Geological Survey of Finland core facilities in Rovaniemi, Finland. These half core one metre samples weigh less than three kilograms. The samples were then transported by Mawson personnel to ALS Chemex Ltd's laboratory in Piteå, Sweden (or Seville, Spain) where the samples were prepared and sent to ALS Chemex Ltd's laboratory in Vancouver, Canada to be analyzed by Au-ICP21, GRA-21, ME-MS41u, PGM-ICP27 and ME-MS61u techniques. The QA/QC program of Mawson consists of the systematic insertion of certified standards of known gold content, with blanks at the beginning of each batch. In addition, ALS Chemex inserts a number of blanks and standards into the analytical process. The remaining half core is retained on site for verification and reference purposes. Test work has shown >90% of gold at Rompas to be fine and 100µm in diameter. The qualified person for Mawson's Finnish projects, Mr Michael Hudson, President & CEO for Mawson and Fellow of the Australasian Institute of Mining Metallurgy has reviewed and verified the contents of this release.

Forward Looking Statement

The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement. The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Table 1:  Best Results from drill holes ROM0061-ROM0068 (North Rompas) ROM0069-ROM0082 (South Rompas) and PAL0001-PAL0007 (North Rajapalot) (lower cut 0.5 g/t gold or 100ppm U308)
Drill holes ROM0060, 61, 62, 63, 64, 66, 69, 75 and PAL0001-007 did not contain results above the lower cut.

                   
HoleID  Depth
From (m)
  Depth
To (m)
  Interval
(m)
  Au
ppm
  U308
ppm
  Location
ROM0074  16.5  17.0  0.5  148.0  4162  South Rompas
ROM0079  5.8  7.2  1.4  17.6  270  South Rompas
ROM0080  32  33.4  1.4  9.2  20  South Rompas
ROM0081  41.3  42.5  1.2  7.7  267  South Rompas
ROM0078  55.4  56.1  0.7  3.1  215  South Rompas
ROM0073  0.55  1.4  0.85  0.8  33  South Rompas
ROM0073  4.2  5.6  1.4  1.3  14  South Rompas
ROM0068  30.3  31  0.7  2.5  1403  North Rompas
ROM0071  16  17.4  1.4  0.9  27  South Rompas
ROM0071  25.8  27.2  1.4  1.2  2  South Rompas
ROM0072  18.7  20.1  1.4  0.8  19  South Rompas
ROM0072  41.8  42.5  0.7  2.3  118  South Rompas
ROM0070  17.7  18.2  0.5  1.9  104  South Rompas
ROM0076  41.4  41.9  0.5  0.4  120  South Rompas
ROM0077  31.9  32.4  0.5  0.2  219  South Rompas
ROM0077  10.3  10.8  0.5  0.1  672  South Rompas
ROM0065  77.8  78.4  0.6  0.1  310  North Rompas
ROM0067  20.2  20.7  0.5  0.0  136  North Rompas
ROM0067  52.9  53.6  0.7  0.0  171  North Rompas

Table 2: Drillhole collar details from this news release (Finnish Grid KKJ Zone 3, located by GPS)

                   
Hole ID  Easting  Northing  RL  Total Depth
(m)
  Dip  Azimuth
PAL0001  3408918  7374484  175.5  110.95  -45  135
PAL0002  3408911  7374426  175.5  98.75  -46  135
PAL0003  3409829  7374326  176.78  14.05  -45  150
PAL0003B  3409828  7374328  176.78  160.5  -45  150
PAL0004  3409940  7374270  176.5  121.5  -45  150
PAL0005  3409940  7374356  176.4  51.55  -45  150
PAL0006  3409973  7374302  174.4  95.5  -44  150
PAL0007  3411292  7374694  175  104.3  -45  150
ROM0060  3399290  7378459  105.85  81.1  -46  57
ROM0061  3399298  7378550  104.68  98  -46  58
ROM0062  3399298  7378550  104.57  88.8  -45  59
ROM0063  3399274  7378718  102.98  94.8  -45  57
ROM0064  3399353  7378386  109.47  101.2  -45  60
ROM0065  3399328  7378343  106.9  103.7  -45  57
ROM0066  3399287  7378313  105  100.3  -46  57
ROM0067  3399367  7378365  110.7  103.6  -46  57
ROM0068  3399351  7378300  106.72  60.5  -45  57
ROM0069  3401331  7373814  189.04  71.35  -65  77
ROM0070  3401351  7373819  189.6  59.7  -50  257
ROM0071  3401340  737393.4  190.4  37.2  -55  80
ROM0072  3401340  7373793  190.36  50.2  -68  80
ROM0073  3401359  7373797  190.87  25.8  -45  260
ROM0074  3401359  7373797  190.9  38.1  -66  260
ROM0075  3401371  7373772  190.82  44.8  -64  260
ROM0076  3401371  7373772  190.84  53.3  -46  260
ROM0077  3401367  7373783  190.25  41.3  -45  260
ROM0078  3401379  7373785  190  65.1  -50  260
ROM0079  3401358  7373811  189.9  53.35  -45  260
ROM0080  3401366  7373813  190.19  58.6  -45  260
ROM0081  3401366  7373813  190.19  62.9  -60  260
ROM0082  3401375  7373837  189.49  92.5  -59  260

 

 

 

SOURCE Mawson Resources Ltd.

PDF available at: http://stream1.newswire.ca/media/2013/04/03/20130403_C2153_DOC_EN_25070.pdf

PDF available at: http://stream1.newswire.ca/media/2013/04/03/20130403_C2153_DOC_EN_25071.pdf

PDF available at: http://stream1.newswire.ca/media/2013/04/03/20130403_C2153_DOC_EN_25072.pdf

Investor Information
www.mawsonresources.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez/Donna Werbes +1 (604) 685 9316
Seema Sindwani +1 647-478-3017
Email: info@mawsonresources.com


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