Mawson Resources announces positive drill results from the first five diamond drill holes reported in the 2018 winter program at the Company’s 100% owned Rajapalot Project in Northern Finland.
Drilling to date at Rajapalot has focussed on expanding the size of the known gold prospects; Raja, Palokas, South Palokas and Terry's Hammer.
At the Raja prospect, drill hole PAL0093 intersected 31.7 metres @ 8.4 g/t gold from 244.1 metres, including 10.9 metres at 21.0 g/t gold from 252.2 metres.
t the South Palokas Prospect, located 1,100 metres to the NNW of the Raja prospect, hole PAL0091 intersected 9.9 metres @ 2.5 g/t gold from 145.9 metres (Figure 5);
Drilling with three rigs continues 24/7 with additional rigs planned to be added to the program over the coming weeks.
Mr. Hudson, Chairman and CEO, stated:
“This is a great start to our winter campaign, delivering the best hole drilled at Rajapalot to date. The grade x thickness interval in drill hole PAL00093 puts Rajapalot in a league with some the best exploration projects discovered globally over the past 6 months.
We look forward to announcing further results as they become available. We welcome all to Mawson’s PDAC booth #2941 from 4th to 7th March, to discuss our work programs and view representative samples of drill core from PAL0093".