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Mawson Resources unearths new gold zone at Rajapalot in Finland

Raja lies 1.75 kilometres from another target, Palokas, and is the easternmost prospect tested to date in the Rajapalot area.
picture of gold bars
"A blind discovery of this grade and thickness made in multiple drill holes, 1.75 kilometres from Palokas is a significant resul

Mawson Resources Ltd (TSX:MAW) has discovered  a new zone of gold at shallow depth at the Raja prospect that is open with a strike length of at least 200 metres.

The discovery comes from a programme of ten additional diamond drill holes drilled this winter at Rajapalot in Northern Finland.

Raja lies 1.75 kilometres from another target, Palokas, and is the easternmost prospect tested to date in the Rajapalot area.

Best results included 27m at 3.3 g/t gold from 64.0 metres including some high grade zones.

A second hole 200m to the north of PAL0075 intersected 13.5 metres at 4.0 ppm gold from 180 metres

Michael Hudson, chief executive, said: "A blind discovery of this grade and thickness made in multiple drill holes, 1.75 kilometres from Palokas is a significant result for the Rajapalot project.

“By applying our understanding on the controls on mineralization, we are now successfully intersecting multiple high-grade gold mineralized zones under the thin glacial soil cover. This first systematic season of drill testing has proven the scale of the system, and is defining a wide range of exciting targets.

“With approximately 50% of assays still to come from the winter program, we look forward to substantial further news flow." 

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MAWSON RESOURCES LTD Timeline

Newswire
November 09 2017

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