Mawson Resources hails 'East Rompas' as exciting new discovery ahead of drilling
The prospect lies within the group's 100% owned Rompas-Rajapalot project..
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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The prospect lies within the group's 100% owned Rompas-Rajapalot project..
Rompas is part of its key Rompas- Rajapalot project in Finland..
A total of 160 boulders and outcrops (within the nine areas) with more than 0.1 g/t gold have been discovered within a 4km by 3km area at Rajapalot.
The Mannisto permit spans 2,123 hectares at the project in northern Finland.
The key takeaway included that drilling confirmed the presence of a large gold-mineralized hydrothermal system within a 4.5 sq km area.
His CV includes roles in corporate development, sell-side research, and fund management
Raja lies 1.75 kilometres from another target, Palokas, and is the easternmost prospect tested to date in the Rajapalot area.
Mineralization consists of sulphide, magnetite, biotite and chlorite hydrothermal mineral assemblages
A 'large mineralized' gold system is emerging at the Rajapalot project in Finland, says Mawson
The Finn end of the wedge ... encouraged by results achieved by drilling so far, Mawson has moved a fifth rig to its gold prospect in Finland
Mawson Resources Ltd shares jumped 8% on Wall Street and 18% in Toronto on Monday after the company reported further breakthroughs in its Finland-based operations as it released drill results from a further four diamond drill holes from the
Given the discovery success to date, two additional drill rigs, subject to permitting, will be mobilized to site in the coming weeks
Canada-listed Mawson Resources Ltd released results from infill drilling at the Raja permit and the first systematic base-of-till (BOT) drill program under way at the Kairamaat 2-3 permit area within the Rajapalot gold project in Finland on
Rompas-Rajapalot is a relatively new discovery, but the potential is there for it to become a major gold ‘address’
Gold explorer Mawson Resources shares jumped 9% on Thursday after the company said its diamond drill program at Rajapalot prospect will be the first systematic, large-scale and deep test of the area, with drill rigs expected to be mobilized
Hannan’s flagship is the Kilbricken base metal project, located within the Clare prospecting licenses
Mawson Resources on Friday provided an update to its recently announced drill programs at the Rajapalot gold project in Finland. Drilling is now under way and is scheduled to continue until April, 2017
Mawson Resources shares advanced more than 9% on Tuesday after the company said it had signed a plus-10,000-metre diamond drill contract and over-700-hole base-of-till (BOT) drill program at the 100%-owned Rompas-Rajapalot gold project in n
Mawson Resources Ltd. has closed its previously announced non-brokered private placement financing of 15mln units at 40 cents per unit for gross proceeds of C$6mln
Mawson Resources Ltd. shareholders re-elected six directors at the company’s AGM on Friday.