Mawson is a gold exploration company with high-quality gold assets in two safe, Tier 1 mining-friendly jurisdictions. The Company is expanding the most advanced gold-cobalt resource discovery in Finland, while testing a never-explored for search space for high grades at depth, in one of the most fertile gold regions in the world in Victoria Australia.

FINLAND

  • 14km drill program in Finland just completed will deliver the data for an updated resource estimate in Q3 2020;
  • Substantial exploration target area to test and extend known resources areas
  • Effective Drill Targeting: Based on discovery success from earlier this year, drilling will be directed by geologic controls of high-grade gold zones and fixed loop electromagnetic ('EM') conductors, with further targeting refined by down hole EM ('DHEM');
  • Building ounces: to date 70-90,000 oz AuEq per 100 metre of mineralization drilled within each of 3 mineralized bodies
  • Drill hits in 2020 include: 7.2 metres @ 21.7 g/t gold, 17.7 metres @ 4.3g/t gold equivalent, 6.0 metres @ 10.0 g/t AuEq, 12 Metres @ 6.8 g/t AuEq and 10.3 metres @ 6.3g/t AuEq.
  • Fully permitted for summer and winter drilling for next 2 years, strong local support, cobalt a strategic resource

AUSTRALIA

  • Exciting Targets with new Australian acquisition brings:
    • Outright purchase and joint venture of three high-grade, Fosterville-style (shallow-orogenic) exploration projects with numerous historic mines that lack drill testing
    • Right of first refusal on largest contiguous land package in the State of Victoria with 3,600sq km of high priority exploration ground.
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Mawson Resources Limited published this content on 07 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 July 2020 21:43:01 UTC