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Mawson
Resources Limited ("Mawson") TSX - MAW;
Frankfurt - MRY. Mr Michael Hudson, President &
CEO, announces the first channel sample results from the Company's 100% owned
Rompas gold-uranium project in northern Finland.
Highlights
from 39 surface channel samples include 0.3m (at) 1,866 g/t Au and 8.0 % U,
and 0.26m (at) 1,510 g/t Au and 3.95 % U (Table 1, Figures 1 and 2). The
diamond saw-cut channel samples are considered the first representative
samples collected at Rompas.
Included
in this batch were 10 mineralized grab samples that averaged 672 g/t Au and
2.06 % U and ranged from 0.2 g/t to 3,230 g/t Au and 14.6 ppm
to >15% U. Grab samples are selective by nature and are unlikely to
represent average grades on the property.
All
samples reported come from Rompas South. The
channels were taken over a strike distance of 75 metres
and grab samples over an area of 65m by 125m (Figure 1). To date, hundreds of
gold and uranium showings have been discovered at Rompas
over a surface area exceeding 6.5km in strike and 200m average width. A total
of 984 rock chip samples (including 111 highly radioactive samples) remain to
be reported by the laboratory from the field program conducted this summer at
Rompas.
Table
1: First Representative Channel Samples from Rompas,
Finland (0.5 g/t Au lower-cut) <<
Locality Number Width (m) Au g/t
U %
107590
0.30 1,866 8.0
107588
0.26 1,510 4.0
including
0.05 6,050 14.8
107588
0.09 325 0.7
107588
0.09 314 0.8
107588
0.04 18.7 0.01
107588
0.09 17.6 0.02
107588
0.10 8.1 0.01
107752
0.30 190 0.4
107587
0.12 3.1 0.2
107770 0.09 1.6 0.00
>>
"This first reported
set of representative channel sample results are a
milestone for Mawson at Rompas,
as they demonstrate the repeated occurrence of
bonanza grade gold developed within multiple, 10-30cm wide structures with
mineralized margins" said Mr Hudson. "This set forms only a small part
of the
samples collected from surface discoveries this summer at Rompas
over a very
significant strike and width. The
prospectivity of Rompas
is now beginning to
be revealed."
About Mawson
Resources Ltd (TSX:MAW, FRANKFURT:MRY,
PINKSHEETS:MWSNF)
Mawson
Resources Ltd is a resource acquisition and development company
with METAL and ENERGY interests.
Mawson
has distinguished itself as the leading Scandinavian uranium
exploration company, with advanced projects in Sweden and Finland. As the
European Union moves to reduce its reliance on carbon-based energy sources
and
continues to debate energy security, Mawson is well
positioned to provide
Europe with the option to fuel its future. Areva NC
holds 11% of the Company
and provides Mawson with an active technical
partner.
In addition, the Company
is exploring for gold and copper in the highly
prospective Cordillera of Peru, with a focus on a new gold-copper discovery at
Alto Quemado.
With a strong cash
position and a multi-jurisdiction European and South
American portfolio, Mawson is ideally positioned to
enhance its status as a
leader in the uranium and gold industries.
Shares Outstanding:
49,747,253. Cash: approximately C$14 million.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, President &
CEO
Forward Looking Statement.
The statements herein that are not historical
facts are forward-looking statements. These statements address future events
and conditions and so involve inherent risks and uncertainties, as disclosed
under the heading "Risk Factors" in the company's periodic filings
with
Canadian securities regulators. Actual results could differ from those
currently projected. The Company does not assume the obligation to update any
forward-looking statement. The TSX Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this release.
Mawson
samples were analyzed by Au-ICP21, ME-MS41u, PGM-ICP27 and
ME-MS61u techniques by ALS Chemex Ltd's
laboratories in Pitea, Sweden and
Vancouver, Canada. The qualified
person for Mawson's Finnish projects, Erkki
Vanhanen, Finnish Exploration Manager for Mawson with a designation of
European Geologist for the European Federation of Geologists (EFG), has
reviewed and verified the contents of this release.
To view Figure 1: Surface plan from Rompas
South and Figure 1: Channel
Sample Site 107590, please visit
http://files.newswire.ca/748/mawson_figures.doc
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