Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Mining

Mawson Resources expects first assays from Palokas within two weeks

Mawson Resources updated on its drilling programme at the Palokas gold project in Finland, where first assays will be reported within two weeks.

Mawson Resources (TSE:MAW) updated on its drilling programme at the Palokas gold project in Finland, where first assays will be reported within two weeks.

One of the two rigs began turning last month; the other has been set up for testing at Hirvimaa and is planned to begin at Palokas next week, the firm said.

So far, two holes for 359.9 metres have been completed - one at Hirvimaa and the second - at Palokas.

Mawson president and chief executive Michael Hudson said: "The start of drilling has been a little slower than anticipated due to some very cold weather after the Christmas and New Year break.

"Our focus has been to ensure the Energold rigs are environmentally compliant, and we are now well placed with 2 rigs to continue drilling 24 hours a day, 6 days a week at Palokas."

The firm also noted that drilling can proceed until mid-April without interruption, as a permit was recently received to allow drilling close to an eagle's nest that is located within the drill plan area.

Mawson, along with all environmental authorities, says it's ensuring all parts of the exploration are undertaken with minimal environmental impact.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK