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Mawson announces positive drill results from its Rajapalot project, Finland
Mawson Resources announces positive drill results from the first five diamond drill holes reported in the 2018 winter program at the Company’s 100% owned Rajapalot Project in Northern Finland.
Drilling to date at Rajapalot has focussed on expanding the size of the known gold prospects; Raja, Palokas, South Palokas and Terry's Hammer.
At the Raja prospect, drill hole PAL0093 intersected 31.7 metres @ 8.4 g/t gold from 244.1 metres, including 10.9 metres at 21.0 g/t gold from 252.2 metres.
t the South Palokas Prospect, located 1,100 metres to the NNW of the Raja prospect, hole PAL0091 intersected 9.9 metres @ 2.5 g/t gold from 145.9 metres (Figure 5);
Drilling with three rigs continues 24/7 with additional rigs planned to be added to the program over the coming weeks.
Mr. Hudson, Chairman and CEO, stated:
“This is a great start to our winter campaign, delivering the best hole drilled at Rajapalot to date. 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.
We look forward to announcing further results as they become available. We welcome all to Mawson’s PDAC booth #2941 from 4th to 7th March, to discuss our work programs and view representative samples of drill core from PAL0093".