VANCOUVER, July 18, 2019 /PRNewswire/ - Mawson
Resources Limited ("Mawson") or (the "Company") (TSX:MAW)
(Frankfurt:MXR) (PINKSHEETS: MWSNF) announces results from
three drill holes from The Hut prospect within the Company's 100%
owned Rajapalot Project in northern Finland.
View PDF version
Key Results:
- Drill hole PAL0199 at The Hut prospect intersected multiple
gold-cobalt intersections from surface to 280 metres depth
including 3.0 metres @ 7.6 g/t gold equivalent ("AuEq"), 6.4 g/t
Au, 722 ppm Co from 138.4 metres;
- The Hut (Figures 1 & 2) is the fifth prospect within the
Rajapalot project to deliver high-grade gold-cobalt results during
the 2019 winter program;
- The Hut is located 500 metres from the South Palokas resource
and 800 metres to the northwest of the Raja resource area (NI43-101
resource published December 17,
2018). The Hut is an emerging discovery, where 5
electromagnetic conductors remain under-tested and the mineralized
trend is open to the west and northwest.
"Strong gold-cobalt drill intercepts from our fifth prospect
drilled this year indicate the significant upside that exists
beyond known resource areas at Rajapalot" said Mr. Michael Hudson, Chairman and CEO. "Recent
drilling focused on testing around resource areas at Palokas, South
Palokas and Raja. However, the multiple mineralization intercepts
and untested electromagnetic conductors at the sparsely drilled The
Hut prospect suggests an important area for resource growth in
future drill campaigns."
Mawson completed 44 holes (PAL0159–PAL0201D1) for 15,059 metres
(two short holes abandoned, one wedged hole) during the 2019 winter
drill season. Results from three drill holes (PAL0192, 196, &
199; Tables 1-3) from The Hut prospect are reported here, while
assays from four holes from other prospects remain to be reported
together with a summary of the 2019 winter program highlights.
PAL0199 is the westernmost drill hole completed at The Hut
prospect and intersected multiple gold-cobalt intersections from
surface to 280 metres depth including:
- 3.0 metres @ 7.6 g/t gold equivalent ("AuEq"), 6.4 g/t Au, 722
ppm Co from 138.4 metres; and
- 5.0 metres @ 1.2 g/t Au from 289.0 metres
PAL0199 targeted the continuation of gold associated with
sulphidic and conductive rocks intersected in a single earlier
hole, PAL0033 (2.2 metres @ 7.9 g/t AuEq, 7.7 g/t Au, 94 ppm Co
from 153.5 metres). A broad zone of low-grade gold in PAL0199 is
associated with 91 metres @ 2.2% sulphur from 27.4 metres. A
complex regional fold hinge evident in the magnetics (Figure 1) is
likely caused by magnetic mafic rocks structurally overlying
sulphidic hosts to mineralization.
Five electromagnetic conductors at The Hut prospect remain
untested or with single drill holes and the mineralized 330-340
degree known trend is open to the west and northwest (Figure 1).
These conductors correspond to high sulphide mineral contents, with
over 150 metres of sampled drill core containing more than 1%
sulphur (from total drill metres at The Hut of only 1,687 metres
completed in 13 drill holes since 2014).
Host rocks to mineralization at The Hut contrast to the
well-defined metasedimentary strata hosting mineralization at the
Raja and Palokas resource areas. At The Hut, thick and massive,
variably grey to pale and deep red albite- and calcsilicate-bearing
rocks are interpreted as altered intrusive diorite and granodiorite
rocks and present a different target style. Although the
stratabound control on mineralization at Raja and Palokas is
absent, a zonation of alteration associated with mineralized rocks
with greater than 0.5 g/t gold is predictable. Progressive
white to light grey massive albitization with increasing biotite in
fractures and breccia fill, is commonly followed by foliated
biotite- and sulphide-rich rocks. This spatial and temporal
zonation of sodic to potassic, sulphidic and gold-cobalt-bearing
rocks is a unifying theme of all Rajapalot mineralization. Of
interest at The Hut is the potential for vertically extensive
gold-cobalt mineralization owing to the massive nature of the
host.
Other drill holes reported in this release are PAL0192 (no
significant gold or cobalt assays) and PAL0196 (2 metres @
1.8 g/t AuEq, 1.5 g/t Au, 208 ppm Co from 87.9
metres) drilled across the top and bottom, respectively, of a fold
hinge region. Further work with the electromagnetic modelling and
structural data gathered from these holes is required for
follow-up.
The high-grade gold results combined with the strong silicate
and sulphide alteration, multiple structural levels of
electromagnetic conductors, large vertical extent to mineralized
intervals and sparse drilling make The Hut an important target for
drilling in future campaigns.
In other news Mawson has extended its exploration claims by
staking a 14,364 hectare claim reservation to the immediate north
of its existing 15,527 hectares of exploration permits and permit
applications (Figure 2). The new claim reservation targets
extensive sequences of conductive graphite-bearing rocks contained
within geophysically recognizable packages that extend for 75
kilometres strike within the claim reservation area. Recent diamond
drilling by Mawson in the Peräpohja Schist Belt has revealed up to
60 metre thick drill intersections with >10% graphite. Mawson's
focus remains firmly on expanding its gold and cobalt resources,
however the new graphite targets have the potential to open a
region of graphite mineralization within Finland which require additional investment to
determine their extent and potential for lithium ion battery
applications.
Comment on Gold Equivalence Calculation
The gold equivalent ("AuEq") value used in the 2018 inferred
resource and this press release was calculated using the
formula: AuEq g/t = Au g/t + (Co ppm/608) with assumed metal prices
of Co $30/lb; and Au $1,250/oz. AuEq varies with gold and cobalt
prices. Approximate spot prices for gold and cobalt are currently
$1,414/oz and $12.50/lb respectively.
The cobalt price has fallen 60% over the past year due mostly to
an increase in supply from mines, many artisanal, in the
Democratic Republic of Congo.
Mawson considers cobalt retains strong fundamentals with demand
remaining robust as the electric mobility industry continues to
grow and, a long-term price of $20 to $30/lb
cobalt (and $1250/oz Au) is therefore
reasonable. Prices used in the 2018 inferred
resource calculation have been maintained here to ensure
consistency of reporting individual drill holes against prior news
releases and the resource dated December
2018, and will be reviewed once all data from the current
drill program is released. Within the December 2018 resource, cobalt contributes
approximately 20% of in-situ value.
Technical and Environmental Background
Assuming a predominant stratabound control, the true thickness
of the mineralized interval is interpreted to be approximately 90%
of the sampled thickness. Quality control duplicates for all holes
show good repeatability of gold assays. Intersections are reported
with a lower-cut of 0.5 g/t gold or 304 ppm Co over 2 metre lower
cut, except where indicated. No upper cut-off was applied.
Four diamond drill rigs (K3 & K8) from the Arctic Drilling
Company OY ("ADC"), Kati OY ("Kati")
and MK Core Drilling OY ("MK"), all with water recirculation and
drill cuttings collection systems were used for the drill program.
Core diameter is NQ2 (50.7 mm). Core recoveries were excellent and
average close to 100% in fresh rock. After photographing and
logging in Mawson's Rovaniemi facilities, core intervals averaging
1 metre for mineralized samples and 2 metres for barren samples
were cut in half at the Geological Survey of Finland (GTK) core facilities in Rovaniemi,
Finland. The remaining half core
is retained for verification and reference purposes. Analytical
samples were transported by Mawson personnel or commercial
transport from site to the CRS Minlab Oy facility in Kempele,
Finland. Samples were prepared and
analyzed for gold using the PAL1000 technique which involves
grinding the sample in steel pots with abrasive media in the
presence of cyanide, followed by measuring the gold in solution
with flame AAS equipment. Multi-element assays, including cobalt
are determined using the ICP-MS method (IMS-230) of MS Analytical
shipped directly from the CRS Minlab Oy facility. The QA/QC program
of Mawson consists of the systematic insertion of certified
standards of known gold content, duplicate samples by quartering
the core, and blanks the within interpreted mineralized rock. In
addition, CRS and MS Analytical insert blanks and standards into
the analytical process. The qualified person for Mawson's Finnish
projects, Dr. Nick Cook, President
for Mawson and a Fellow of the Australasian Institute of Mining
Metallurgy has reviewed and verified the contents of this
release.
NI 43-101 Technical Report
On December 19, 2018, Mawson filed
an independent National Instrument 43-101 Technical Report (the "NI
43-101 Technical Report") on the Mineral Resource Estimate for the
Raja and Palokas Prospects, at the 100% owned Rajapalot Project in
Finland, (the "NI 43-101
Technical Report"), in support of the Company's news release
dated December 17, 2018. The NI
43-101 Technical Report was authorized by Mr. Rod Webster of AMC Consultants Pty
Ltd ("AMC") of Melbourne,
Australia, and Dr. Kurt Simon
Forrester of Arn Perspective of Surrey, England. Each of Mr. Webster and Dr.
Forrester are independent "qualified persons" as defined by
National Instrument 43-101. The NI 43-101 Technical Report may be
found on the Company's website
at www.mawsonresources.com or under the Company's profile
on SEDAR at www.sedar.com.
About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR,
PINKSHEETS:MWSNF)
Mawson Resources Limited is a sustainable and ethical
exploration and development company. Mawson has distinguished
itself as a leading Nordic Arctic exploration company with a focus
on the flagship Rajapalot gold-cobalt project in Finland, a significant and strategic
gold-cobalt resource for Finland
with the maiden resource positioned as one of Finland's current top three gold resources by
grade and contained ounces and one of a small group of cobalt
resources prepared in accordance with NI 43-101 policy within
Europe.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, Chairman & CEO
Forward-Looking Statement
This news release contains forward-looking statements or
forward-looking information within the meaning of applicable
securities laws (collectively, "forward-looking statements"). All
statements herein, other than statements of historical fact, are
forward-looking statements. Although Mawson believes that such
statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking
statements are typically identified by words such as: believe,
expect, anticipate, intend, estimate, postulate, and similar
expressions, or are those, which, by their nature, refer to future
events. Mawson cautions investors that any forward-looking
statements are not guarantees of future results or performance, and
that actual results may differ materially from those in
forward-looking statements as a result of various factors,
including, but not limited to, capital and other costs varying
significantly from estimates, changes in world metal markets,
changes in equity markets, planned drill programs and results
varying from expectations, delays in obtaining results, equipment
failure, unexpected geological conditions, local community
relations, dealings with non-governmental organizations, delays in
operations due to permit grants, environmental and safety risks,
and other risks and uncertainties disclosed under the heading "Risk
Factors" in Mawson's most recent Annual Information Form filed on
www.sedar.com. Any forward-looking statement speaks only as of the
date on which it is made and, except as may be required by
applicable securities laws, Mawson disclaims any intent or
obligation to update any forward-looking statement, whether as a
result of new information, future events or results or
otherwise.
Table 1: Collar Information from 2019 Winter drilling at the
Rajapalot Project (Finnish Grid, Projection KKJ3)
HoleID
|
East
|
North
|
Azimuth
|
Dip
|
RL
|
Depth
|
Prospect
|
Comment
|
PAL0159
|
3408545.8
|
7372603.5
|
56
|
-71
|
179.162
|
473.8
|
Raja
|
Au results Mar 04
2019
Co results Apr 23
2019
|
PAL0160
|
3408485.8
|
7372581.1
|
67
|
-79
|
177.865
|
447
|
Raja
|
Au and Co results Apr
23 2019
|
PAL0161
|
3408696.1
|
7372556.6
|
57
|
-75
|
179.24
|
405.8
|
Raja
|
Au results Mar 04
2019
Co results Apr 23
2019
|
PAL0162
|
3408446.4
|
7372648.4
|
46
|
-84.5
|
180.158
|
482.9
|
Raja
|
Au results Mar 04
2019
Co results Apr 23
2019
|
PAL0163
|
3408487.0
|
7372587.9
|
65
|
-73.5
|
178.218
|
470.05
|
Raja
|
Au results Mar 04
2019
Co results Apr 23
2019
|
PAL0164
|
3408545.4
|
7372603.2
|
61.1
|
-75.6
|
178.586
|
441.7
|
Raja
|
Au and Co results Apr
23 2019
|
PAL0165
|
3408612.7
|
7372312.2
|
60
|
-79
|
176.25
|
167.9
|
Raja
|
Au results Mar 04
2019
Co results Apr 23
2019
|
PAL0166
|
3408897.7
|
7372385.3
|
240
|
-83
|
170.452
|
238.6
|
Raja
|
Au and Co results Apr
23 2019
|
PAL0167
|
3408486.0
|
7372587.0
|
96
|
-85
|
178
|
398.6
|
Raja
|
Au results Mar 04
2019
Co results May 28
2019
|
PAL0168
|
3408554.5
|
7372806.4
|
233
|
-83
|
173.987
|
45.6
|
Raja
|
Abandoned
hole
|
PAL0169
|
3408553.5
|
7372806.4
|
233
|
-83
|
173.987
|
545.8
|
Raja
|
Au and Co results Apr
23 2019
|
PAL0170
|
3408713.0
|
7372255.4
|
60
|
-79
|
172.803
|
200.2
|
Raja
|
Au and Co results Jul
2 2019
|
PAL0171
|
3408603.8
|
7372636.0
|
58
|
-73
|
179.753
|
497.6
|
Raja
|
Au and Co results Apr
23 2019
|
PAL0172
|
3408447.4
|
7372648.4
|
47
|
-79.5
|
180.158
|
491.9
|
Raja
|
Au and Co results Apr
23 2019
|
PAL0173
|
3408255.8
|
7373707.9
|
116
|
-56
|
173.48
|
427.9
|
South
Palokas
|
Au results Mar 04
2019
Co results Jun 13
2019
VG
|
PAL0174
|
3408255.8
|
7373707.9
|
116
|
-69.5
|
173.48
|
8.3
|
South
Palokas
|
Abandoned
hole
|
PAL0175
|
3408830.5
|
7372237.5
|
60
|
-74
|
172.071
|
120.1
|
Raja
|
Au and Co results May
28 2019
|
PAL0176
|
3408937.3
|
7372300.3
|
240
|
-79.5
|
173.012
|
140.0
|
Raja
|
Au and Co results Apr
23 2019
|
PAL0177
|
3408434.0
|
7372388.0
|
240
|
-60
|
176.1
|
250.5
|
Rumajärvi
|
Au and Co results May
13 2019
|
PAL0178
|
3408225.9
|
7372340.1
|
60
|
-75
|
177.064
|
237.2
|
Rumajärvi
|
Results
Awaited
|
PAL0179
|
3408105.5
|
7372350.5
|
60
|
-80
|
180.572
|
209.0
|
Rumajärvi
|
Au and Co results May
13 2019
|
PAL0180
|
3408128.3
|
7372706.1
|
41
|
-61
|
173.634
|
778.65
|
Terry's
Hammer
|
Results
Awaited
|
PAL0181
|
3407954.6
|
7372245.0
|
150
|
-60
|
177.834
|
161.7
|
Rumajärvi
|
Au and Co results May
13 2019
|
PAL0182
|
3407944.8
|
7372476.5
|
60
|
-70
|
176.8
|
439.65
|
Rumajärvi
|
Au and Co results May
13 2019
|
PAL0183
|
3408094.0
|
7372422.1
|
160
|
-70
|
178.624
|
170.0
|
Rumajärvi
|
Au and Co results May
13 2019
|
PAL0184
|
3407754.4
|
7372867.6
|
120
|
-50
|
173.07
|
211.8
|
Rumajärvi
|
Au and Co results May
13 2019
|
PAL0185
|
3407900.4
|
7372519.6
|
60
|
-68
|
173.064
|
381.1
|
Rumajärvi
|
Results
Awaited
|
PAL0186
|
3407905.2
|
7372446.2
|
55
|
-75
|
174.386
|
341.85
|
Rumajärvi
|
Results
Awaited
|
PAL0187
|
3408547.0
|
7372492.4
|
47
|
-63.5
|
176.807
|
474
|
Raja
|
Au and Co results May
28 2019
|
PAL0188
|
3408630.2
|
7372440.6
|
53
|
-63.5
|
176.974
|
379.4
|
Raja
|
Au and Co results Apr
23 2019
|
PAL0189
|
3408768.8
|
7372378.8
|
48
|
-77
|
173.301
|
245.5
|
Raja
|
Co results May 28
2019
|
PAL0190
|
3408576.2
|
7372512.8
|
63
|
-65
|
177.732
|
427.9
|
Raja
|
Au and Co results May
28 2019
|
PAL0191
|
3408547.0
|
7372492.4
|
44
|
-58.5
|
176.807
|
492.1
|
Raja
|
Au and Co results Jul
2 2019; VG
|
PAL0192
|
3408221.8
|
7373180.6
|
130
|
-60
|
171.892
|
203.2
|
Hut
|
Results
here
|
PAL0193
|
3408255.3
|
7373706.4
|
104
|
-53
|
173.478
|
427.15
|
South
Palokas
|
Au and Co results Jun
13 2019
|
PAL0194
|
3408312.2
|
7373980.0
|
74
|
-57
|
173.8
|
497.8
|
Palokas
|
Au and Co results
June 3 2019; VG
|
PAL0195
|
3408353.9
|
7373580.2
|
65
|
-77
|
174.918
|
245.6
|
South
Palokas
|
Au and Co results Jun
13 2019
|
PAL0196
|
3408089.1
|
7373031.9
|
90.5
|
-60
|
172.308
|
317.4
|
Hut
|
Results
here
|
PAL0197
|
3408271.4
|
7373630.1
|
63
|
-66.5
|
173.603
|
466.8
|
South
Palokas
|
Au and Co results Jun
13 2019
|
PAL0198
|
3408414.1
|
7373660.3
|
117
|
-70
|
174.417
|
296.2
|
South
Palokas
|
Au and Co results Jun
13 2019, VG
|
PAL0199
|
3408126.6
|
7373140.2
|
215
|
-80
|
173.042
|
386.7
|
Hut
|
Results
here
|
PAL0200
|
3408312.2
|
7373979.0
|
62
|
-61.8
|
173.8
|
536.8
|
Palokas
|
Au and Co results
June 3 2019
|
PAL0201
|
3408545.8
|
7372603.5
|
57
|
-67.25
|
179.162
|
281.0
|
Raja
|
Au and Co results Jul
2 2019
|
PAL0201D1
|
3408545.8
|
7372603.5
|
57
|
-67.25
|
179.162
|
195.0-392.2
|
Raja
|
Au and Co results Jul
2 2019
|
Table 2: Better intersections report from the 2019 Winter Drill
Program.
Intersections are reported with a lower cut of 0.5g/t gold
over 2 metre lower cut except where highlighted with **. No upper
cut-off was applied.
Prospect
|
HoleID
|
from
(m)
|
to
(m)
|
width
(m)
|
Au
g/t
|
Co
ppm
|
AuEq
g/t
|
Raja
|
PAL0159
|
419.0
|
437.0
|
18.0
|
0.5
|
547
|
1.4
|
|
including
|
419.0
|
420.2
|
1.2
|
0.2
|
378
|
0.8
|
|
including
|
422.0
|
426.0
|
4.0
|
0.3
|
1377
|
2.5
|
Raja
|
PAL0159
|
434.0
|
437.0
|
3.0
|
2.3
|
672
|
3.4
|
Raja
|
including
|
429.0
|
432.0
|
3.0
|
0.1
|
488
|
0.9
|
Raja
|
PAL0159
|
451.0
|
455.5
|
4.5
|
1.9
|
754
|
3.2
|
Raja
|
PAL0161
|
305.5
|
313.0
|
7.5
|
0.0
|
636
|
1.1
|
Raja
|
PAL0161
|
336.0
|
338.0
|
2.0
|
2.1
|
362
|
2.7
|
Raja
|
PAL0161
|
344.0
|
349.0
|
5.0
|
2.3
|
600
|
3.3
|
Raja
|
PAL0162
|
323.0
|
324.0
|
1.0
|
0.0
|
701
|
1.2
|
Raja
|
PAL0162
|
452.0
|
453.0
|
1.0
|
0.0
|
562
|
0.9
|
Raja
|
PAL0163
|
416.6
|
419.4
|
2.8
|
0.0
|
6604
|
10.9
|
Raja
|
PAL0164
|
406.0
|
414.3
|
8.3
|
0.4
|
519
|
1.3
|
Raja
|
PAL0164
|
418.4
|
419.7
|
1.3
|
0.0
|
546
|
0.9
|
Raja
|
PAL0166
|
55.3
|
56.3
|
1.0
|
0.1
|
355
|
0.6
|
Raja
|
PAL0166
|
67.8
|
68.8
|
1.0
|
0.0
|
568
|
1.0
|
Raja
|
PAL0166
|
76.6
|
77.6
|
1.0
|
0.1
|
596
|
1.1
|
Raja
|
PAL0166
|
79.3
|
80.3
|
1.0
|
0.0
|
958
|
1.6
|
Raja
|
PAL0169
|
522.3
|
524.4
|
2.1
|
0.1
|
368
|
0.7
|
Raja
|
PAL0171
|
299.0
|
300.1
|
1.1
|
0.0
|
528
|
0.9
|
Raja
|
PAL0172
|
120.0
|
122.0
|
2.0
|
0.0
|
541
|
0.9
|
Raja
|
PAL0172
|
329.0
|
332.0
|
3.0
|
0.0
|
573
|
1.0
|
South
Palokas
|
PAL0173
|
232.0
|
233.7
|
1.7
|
0.3
|
363
|
0.9
|
South
Palokas
|
PAL0173
|
264.0
|
281.0
|
17.0
|
3.0
|
827
|
4.3
|
|
including
|
264.0
|
269.0
|
5.0
|
4.9
|
536
|
5.8
|
|
including
|
276.1
|
281.0
|
4.9
|
4.6
|
1805
|
7.6
|
South
Palokas
|
PAL0173
|
380.0
|
381.1
|
1.1
|
0.8
|
426
|
1.5
|
South
Palokas
|
PAL0173
|
384.8
|
388.8
|
4.0
|
0.7
|
300
|
1.1
|
Raja
|
PAL0176
|
14.0
|
15.6
|
1.6
|
2.4
|
58
|
2.5
|
Raja
|
PAL0176
|
20.5
|
31.9
|
11.4
|
0.8
|
382
|
1.4
|
Raja
|
PAL0176
|
33.8
|
35.7
|
1.9
|
1.0
|
105
|
1.2
|
Raja
|
PAL0176
|
49.0
|
52.0
|
3.0
|
3.8
|
86
|
4.0
|
Rumajärvi
|
PAL0179
|
6.0
|
10.7
|
4.7
|
1.0
|
578
|
1.9
|
Rumajärvi
|
PAL0179
|
37.0
|
38.0
|
1.0
|
0.1
|
311
|
0.6
|
Rumajärvi
|
PAL0179
|
39.0
|
40.0
|
1.0
|
0.0
|
592
|
1.0
|
Rumajärvi
|
PAL0179
|
48.0
|
51.0
|
3.0
|
0.0
|
344
|
0.6
|
Rumajärvi
|
PAL0179
|
73.8
|
76.3
|
2.5
|
0.1
|
342
|
0.6
|
Rumajärvi
|
PAL0182
|
86.3
|
93.7
|
7.4
|
3.4
|
597
|
4.4
|
Rumajärvi
|
PAL0183
|
54.3
|
55.1
|
0.8
|
0.4
|
728
|
1.6
|
Rumajärvi
|
PAL0183
|
112.3
|
114.2
|
1.9
|
0.1
|
364
|
0.7
|
Rumajärvi
|
PAL0183
|
142.5
|
143.1
|
0.6
|
2.2
|
340
|
2.8
|
Rumajärvi
|
PAL0184
|
117.6
|
118.6
|
1.0
|
1.3
|
206
|
1.7
|
Raja
|
PAL0187
|
400.4
|
401.8
|
1.4
|
0.1
|
1345
|
2.3
|
Raja
|
PAL0187
|
416.0
|
417.0
|
1.0
|
0.0
|
684
|
1.1
|
Raja
|
PAL0188
|
298.3
|
329.6
|
31.3
|
4.3
|
1030
|
6.0
|
Raja
|
PAL0188
|
298.3
|
315.6
|
17.4
|
2.9
|
1113
|
4.8
|
Raja
|
PAL0188
|
320.6
|
329.6
|
9.0
|
9.4
|
1412
|
11.7
|
Raja
|
PAL0188
|
337.9
|
338.9
|
1.0
|
3.1
|
35
|
3.1
|
Raja
|
PAL0189
|
157.0
|
162.0
|
5.0
|
0.1
|
344
|
0.7
|
Raja
|
PAL0189
|
165.0
|
165.8
|
0.8
|
1.1
|
143
|
1.3
|
Raja
|
PAL0189
|
182.9
|
186.0
|
3.2
|
4.5
|
11
|
4.6
|
Raja
|
PAL0189
|
194.0
|
195.0
|
1.0
|
1.1
|
90
|
1.2
|
Raja
|
PAL0189
|
200.0
|
205.0
|
5.0
|
2.7
|
581
|
3.7
|
Raja
|
PAL0189
|
210.0
|
214.3
|
4.3
|
2.3
|
931
|
3.8
|
Raja
|
PAL0189
|
218.6
|
222.6
|
4.0
|
0.3
|
506
|
1.1
|
Raja
|
PAL0190**
|
359.2
|
390.7
|
31.5
|
4.8
|
724
|
5.9
|
|
including
|
359.2
|
368.0
|
8.8
|
0.5
|
521
|
1.4
|
|
Including
|
371.0
|
390.7
|
19.7
|
7.4
|
908
|
8.9
|
Raja
|
PAL0191
|
417.0
|
438.0
|
21.0
|
3.2
|
481
|
4.0
|
|
including
|
421.0
|
430.0
|
9.0
|
6.2
|
647
|
7.2
|
Raja
|
PAL0191
|
445.0
|
449.7
|
4.7
|
1.6
|
888
|
3.1
|
South
Palokas
|
PAL0193
|
273.0
|
284.0
|
11.0
|
0.4
|
1044
|
2.1
|
Palokas
|
PAL0194
|
418.7
|
433.9
|
15.2
|
4.3
|
2566
|
8.5
|
South
Palokas
|
PAL0195
|
126.9
|
133.0
|
6.1
|
0.7
|
235
|
1.1
|
South
Palokas
|
PAL0195
|
171.3
|
177.0
|
5.7
|
0.7
|
398
|
1.4
|
South
Palokas
|
PAL0195
|
181.3
|
184.0
|
2.7
|
<0.05
|
726
|
1.2
|
The
Hut
|
PAL0196
|
87.9
|
89.9
|
2.0
|
1.5
|
208
|
1.8
|
South
Palokas
|
PAL0197**
|
294.3
|
326.3
|
32.0
|
1.4
|
1556
|
3.9
|
|
including
|
294.3
|
312.2
|
17.9
|
1.0
|
2085
|
4.4
|
|
including
|
316.9
|
326.3
|
9.4
|
2.8
|
1320
|
5.7
|
South
Palokas
|
PAL0198
|
169.7
|
179.7
|
9.8
|
4.2
|
1208
|
6.1
|
The
Hut
|
PAL0199
|
33.0
|
34.0
|
1.0
|
0.1
|
620
|
1.1
|
The
Hut
|
PAL0199
|
41.0
|
45.0
|
4.0
|
0.2
|
575
|
1.1
|
The
Hut
|
PAL0199
|
48.0
|
50.0
|
2.0
|
0.0
|
735
|
1.2
|
The
Hut
|
PAL0199
|
88.8
|
96.5
|
7.7
|
0.2
|
303
|
0.7
|
The
Hut
|
PAL0199
|
116.4
|
119.4
|
3.0
|
0.1
|
318
|
0.6
|
The
Hut
|
PAL0199
|
138.4
|
141.4
|
3.0
|
6.4
|
722
|
7.6
|
The
Hut
|
PAL0199
|
145.3
|
146.3
|
1.0
|
0.9
|
29
|
0.9
|
The
Hut
|
PAL0199
|
289.0
|
294.0
|
5.0
|
1.2
|
10
|
1.2
|
The
Hut
|
PAL0199
|
292.5
|
293.5
|
1.0
|
1.0
|
17
|
1.0
|
The
Hut
|
PAL0199
|
309.0
|
310.0
|
1.0
|
<0.05
|
328
|
0.5
|
Table 3: Individual assay data from key drill holes reported in
this release.
HoleID
|
Prospect
|
from
(m)
|
to
(m)
|
width
(m)
|
Au
g/t
|
Co
ppm
|
AuEq
g/t
|
PAL0196
|
The Hut
|
86.9
|
87.9
|
1.0
|
2.0
|
268
|
2.4
|
PAL0196
|
The Hut
|
87.9
|
88.9
|
1.0
|
0.9
|
147
|
1.2
|
PAL0199
|
The Hut
|
33.0
|
34.0
|
1.0
|
0.1
|
620
|
1.1
|
PAL0199
|
The Hut
|
38.0
|
39.0
|
1.0
|
0.2
|
749
|
1.4
|
PAL0199
|
The Hut
|
39.0
|
40.0
|
1.0
|
0.2
|
736
|
1.4
|
PAL0199
|
The Hut
|
40.0
|
41.0
|
1.0
|
-0.1
|
104
|
0.2
|
PAL0199
|
The Hut
|
41.0
|
42.0
|
1.0
|
0.3
|
708
|
1.4
|
PAL0199
|
The Hut
|
47.0
|
48.0
|
1.0
|
-0.1
|
622
|
1.0
|
PAL0199
|
The Hut
|
48.0
|
49.0
|
1.0
|
0.1
|
847
|
1.4
|
PAL0199
|
The Hut
|
82.0
|
83.0
|
1.0
|
0.1
|
380
|
0.7
|
PAL0199
|
The Hut
|
83.0
|
84.0
|
1.0
|
0.2
|
288
|
0.6
|
PAL0199
|
The Hut
|
84.0
|
84.6
|
0.6
|
0.2
|
271
|
0.7
|
PAL0199
|
The Hut
|
84.6
|
85.3
|
0.7
|
0.2
|
254
|
0.6
|
PAL0199
|
The Hut
|
85.3
|
86.3
|
1.0
|
0.3
|
164
|
0.5
|
PAL0199
|
The Hut
|
86.3
|
87.2
|
1.0
|
0.3
|
343
|
0.9
|
PAL0199
|
The Hut
|
87.2
|
88.2
|
1.0
|
0.1
|
316
|
0.6
|
PAL0199
|
The Hut
|
88.2
|
88.8
|
0.6
|
-0.1
|
313
|
0.5
|
PAL0199
|
The Hut
|
88.8
|
89.7
|
1.0
|
0.1
|
380
|
0.7
|
PAL0199
|
The Hut
|
114.4
|
115.4
|
1.0
|
0.1
|
270
|
0.5
|
PAL0199
|
The Hut
|
115.4
|
116.4
|
1.0
|
-0.1
|
311
|
0.5
|
PAL0199
|
The Hut
|
116.4
|
117.4
|
1.0
|
0.2
|
373
|
0.8
|
PAL0199
|
The Hut
|
138.4
|
139.4
|
1.0
|
1.8
|
366
|
2.4
|
PAL0199
|
The Hut
|
139.4
|
140.4
|
1.0
|
14.0
|
470
|
14.8
|
PAL0199
|
The Hut
|
140.4
|
141.4
|
1.0
|
3.4
|
1331
|
5.5
|
PAL0199
|
The Hut
|
145.3
|
146.3
|
1.0
|
0.9
|
29
|
0.9
|
PAL0199
|
The Hut
|
285.0
|
286.0
|
1.0
|
0.6
|
7
|
0.6
|
PAL0199
|
The Hut
|
286.0
|
287.0
|
1.0
|
0.4
|
8
|
0.4
|
PAL0199
|
The Hut
|
287.0
|
288.0
|
1.0
|
3.4
|
22
|
3.5
|
PAL0199
|
The Hut
|
288.0
|
289.0
|
1.0
|
0.2
|
5
|
0.2
|
PAL0199
|
The Hut
|
289.0
|
290.0
|
1.0
|
1.5
|
8
|
1.5
|
PAL0199
|
The Hut
|
292.5
|
293.5
|
1.0
|
1.0
|
17
|
1.0
|
PAL0199
|
The Hut
|
309.0
|
310.0
|
1.0
|
-0.1
|
328
|
0.5
|
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SOURCE Mawson Resources Ltd.