MAWSON RESOURCES LTD (TSE:MAW) has told investors it has made a “great start” to the winter drilling programme at its Rajapalot gold project in northern Finland.
Drilling has so far focused on expanding the size of the known gold projects – Raja, Palokas, South Palokas and Terry’s Hammer.
Results from the first five drill holes have now been received and one of them, PAL0093 at Raja, intersected 31.7 meters at 8.4 grams per ton (g/t) of gold (Au) at 244.1m. That includes 10.9m at 21.0 g/t AU from 252.2m.
That’s the highest-grade interval drilled to date at Rajapalot, Mawson said.
At the South Palokas Prospect, about 1km northwest of Raja, hole PAL0091 intersected 9.9m at 2.5 g/t Au from 145.9m.
“This is a great start to our winter campaign, delivering the best hole drilled at Rajapalot to date,” said chairman and chief executive Michael Hudson.
“The grade x thickness interval in drill hole PAL00093 puts Rajapalot in a league with some the best exploration projects discovered globally over the past 6 months.”
Results are still pending from the other 16 holes drilled so far, while drilling with three rigs continues around the clock. Mawson said additional rigs are to be added over the coming weeks.