Mawson Resources' (TSE:MAW) final report to end May outlined its work at its flagship Rompas-Rajapalot gold project in Finland for the rest of 2016, which includes plans to sink 1,000 holes.
At Raja, 300 holes are planned and work will kick off at the end of this month, the miner said.
The area is outside the Natura 2000 areas, to the east of the Palokas gold project and this drilling will take place on both Mawson’s recently granted exploration permit at Hirvimaa, as well as within an area covered by a landholder permit, received last week. Multiple surface targets remain untested.
Meanwhile, light-weight, hand-portable “Winkie” diamond drilling down to 100m depth will begin again in late August 2016 at Rajapalot, to test near surface drill targets.
Elsewhere, 700 drill holes are to be drilled at Rajapalot, to assist in targeting gold at the Palokas prospect.
This program is subject to final permitting and will begin when the ground thaws to allow access from December 2016, the firm said.
In keeping with a firm at this stage of development, the net loss was $1.34mln - an improvement from the previous year of a loss of $2.1mln, on nil group revenues.