Company
TSE:MAW
Mawson Resources Limited (TSX:MAW) has distinguished itself as a leading Nordic Arctic exploration company with a focus on the flagship Rompas and Rajapalot gold projects in Finland. New high grade and thick core sample results in May 2015 at the Palokas project include 19.6m @ 7.5 g/t gold from 18.1 metres in drill hole PRAJ0107 including 5.0m @ 24.1 g/t gold from 26.7 metres with visible gold present. Gold mineralization remains open in all directions. This disseminated mineralization is coincident with a VTEM geophysical conductor that extends for more than 500 metres.
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Earlier this year, Mawson struck a deal giving it access to three high-grade, Fosterville-style (shallow-orogenic or epizonal) exploration projects
The company said it looks forward to ultimately drilling projects in Australia and Finland in the coming months
The results come from five additional holes at the Palokas prospect, which were sunk during the recent 14.1 kilometre winter program
The company intends to use the money for exploration on its properties and for working capital and general corporate purposes
The company intends to use the proceeds for the exploration and development of its projects and for working capital purposes
The company announced a public offering of units, the size of which is to be determined in the context of the market
Mawson now has a total land holding of 19,365 hectares at wholly-owned Sunday Creek property
The firm said it had uncovered a new gold zone and that latest assays had continued to extend gold and cobalt mineralization beyond previously defined resources.
Mawson subscribed for 50 million shares or a 10% stake in Nagambie
Under the deal, Mawson gets a 10% stake in Nagambie and a right of first refusal to take up or match proposals being considered for a 3,600 square-kilometer tenement package
Mawson said it has subscribed for 50 million ordinary shares, or 10%, of Nagambie
The firm has so far completed 34 holes for 14,232 m, out of a 15,000 m planned program
CEO Michael Hudson said results from its winter drill program “continue to deliver"
The hole was an 80 metre step out, which showed 8 metres at 7.9 g/t of gold from 303 metres
Nagambie holds 2,000 sq km of ground on the Waranga tenements, including the Nagambie gold mine
In 2018, the company announced a maiden resource for the Raja and Palokas prospects at Rajapalot
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One hole at the South Palokas prospect has already hit 9 m at 6.3 g/t gold from 93.7 m
Up to 15,000 metres of expansion drilling is planned over the next four months, the firm said
The large-scale, 15 km resource expansion drill program aims to infill and extend the Palokas, South Palokas and Raja areas, said the firm
