US mining jobs still buoyant as non-farm payroll figure comes in below expectations
In October this year, mining jobs trended upwards, with more than 5,000 positions created
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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In October this year, mining jobs trended upwards, with more than 5,000 positions created
The company has been busy in the US and Finland over recent weeks
This conducive body more than doubles the Raja mineralization footprint to more than 1 kilometre
The WUSA project is highly prospective for high and low sulphidation epithermal gold systems
The 2,500m program consists of two prospects, which are to be tested at Rajapalot
The company said it is proposing to extend the term of 7.5 million common share purchase warrants
The firm has also begun metallurgical test work and is in the process of attaining a maiden resource for the property, it said
In the last six weeks, contractors have completed a 103 line km ground magnetic survey in the northern part of the Hirvimaa permit
So far, 36 holes from 75 drilled have now been reported from Mawson's winter program.
The results hail from five new holes at the Rajapalot gold-cobalt project- from three prospect areas
Mawson shares added 12.9% to C$0.35 in Toronto on Monday
The group kicked off, in January, a 15,000m winter drill program at Rajapalot
Today's results come from nine holes and eight holes hit gold mineralization across five prospect areas
Hole PAL0093 intersected 31.7 meters at 8.4 grams per ton of gold at 244.1m, including 10.9m at 21.0 g/t AU from 252.2m
In all, 90 line kilometres of infill ground magnetic data was collected at 25 metre line spacing, Mason said
Mawson has arranged a private placing in which Goldcorp will subscribe for 18mln units
A 15,000-metre drill programme is planned for the Rajapalot gold project
The whole 1,462 hectare (ha) exploration permit has been renewed for a further two years
Strike continuity was confirmed by recent sampling to be more than 700 metres, the group said
Broker Haywood Securities will be lead agent on behalf of a syndicate of agents