Mawson Gold Limited (TSX:MAW, OTC:MWSNF) unveiled new drill results from a program at the South Palokas prospect on the company’s Rajapalot gold-cobalt project in Finland.
Highlights from the seven holes reported included 30.8 metres (m) at 3.9 grams per ton (g/t) gold and 1,403 parts per million (ppm) cobalt for 5.1 g/t gold equivalent, including 1m at 10.7 g/t gold equivalent and 7m at 9.9 g/t gold equivalent.
The hole – PAL0303 – is the deepest drill hole at South Palokas and extended high-grade mineralization at the prospect down plunge by 290m.
READ: Mawson discovers high grade gold across broad widths at shallow depths at Raja prospect in Finland
Other holes intersected 8.5m at 3.9 g/t gold equivalent and 24m at 1.8 g/t equivalent.
Mawson has drilled 76 holes for 19,422m as part of its winter season, in preparation for an updated resource estimate that is scheduled to be released in August 2021.
In a statement, Mawson CEO Michael Hudson called it a “great result.”
“South Palokas has delivered very strongly this season, with high-grade mineralization extended by 280 metres down plunge and remains open. PAL0303 … is the deepest hole drilled at South Palokas and is demonstrative of the significant resource expansion opportunities that remain at Rajapalot.”
Hudson added that the mineralized body at South Palokas has now been drilled 650m down plunge.
“Drilling this year has demonstrated significant growth to the four current resource areas and has also added two further resource areas. We look forward to releasing remaining drill hole results and announcing the next resource upgrade in August."
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