Mawson Gold Limited announced the commencement of drilling at the Skellefteå North project in Sweden, and results of its winter scout drilling program at the 100% owned-Rajapalot gold-cobalt resource project in northern Finland. The drill rig is planned to mobilize shortly to the Skellefteå North project. The program is initially scoped as a 5 hole program to test the Dalbacka Prospect, where an approximately 180 m long outcropping mafic dyke intrudes a deformed pyrrhotite-bearing graphitic black shale that extends as a magnetic anomaly to the east and west under cover for approximately 2 km.

The Skellefteå North Gold Project consists of 2,500 ha of contiguous 100%-owned claims located in the well-endowed Skellefte Mining District of Northern Sweden, located 40 km north-northwest of the city of Skellefteå. Over 6 million ounces have been produced from 4 mines within 22 km of the project. Mawson has the right to earn up to 85% of the project and enter into a joint venture through phased spending and work commitments.

Alongside focus on delivering a PEA, the drill tested shallow anomalies around the 1 Moz Inferred Mineral Resource Estimate. Targets were non-contiguous but proximal to defined resources. Prospects likely to result in new near surface resource areas were not found, although understanding of the controls on the regional geology and geophysical responses of mineralization was significantly improved.

PEA resources themselves remain open, in particular at South Palokas where an intersection of 30.8 m @ 5.1 g/t AuEq (3.9 g/t Au, 1,403 ppm Co) from 553.2 m indicates excellent continuity and depth extent. The majority of Mawson's 100% owned 18,000 ha Peräpohja landholding remains undrilled, and a regional exploration program to advance the target pipeline will be conducted while the PEA program is underway.