| | Published : October 29th, 2012 | Grab Samples Up To 2,817g/T Gold At Rajapalot, Finland |
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Re: News Release - Monday, October 29, 2012 Title: Mawson Grab Samples Up To 2,817g/T Gold At Rajapalot, Finland
Vancouver, Canada -- Mawson Resources Limited ("Mawson") TSX -- MAW; Frankfurt -- MXR, PINKSHEETS- MWSNF has discovered bonanza gold grades at the Rajapalot prospect in Finland, returning up to 2,817g/t gold from prospecting grab samples within 3 areas separated by many kilometres. Rajapalot is located 8 kilometres to the east of the Rompas gold project in Northern Finland (Figure 1).
Highlights from this work include:
- Prospecting grab samples taken from outcrop returned 2,817g/t gold, 2,196g/t gold, 1,245g/t gold, 933g/t gold, 151g/t gold and 135.5g/t gold amongst 36 new grab samples (Table 2);
- 52 samples from the Rajapalot prospect to date average 152.8g/t gold and range from 0.001g/t to 2,817g/t gold (Tables 1 and 2);
Mr Hudson states, "The second round of prospecting results from Rajapalot demonstrate the scale, prospectivity and extremely high-grade nature of the Rompas-Rajapalot area. Nevertheless, of greater interest is the context of this new discovery with the larger Rompas-Rajapalot project area. At this very early stage of exploration, we now have indications of a mineral system that has deposited high-grade gold within an area approaching 10km by 10km. This is very significant on a global scale. The Company has prioritized prospecting within the Rajapalot area and many geochemical samples remain to be returned. Both airborne and ground geophysical surveys will be undertaken during Q1 2013 with the aim to firm up drill targets that can be tested during Q1/Q2 2013."
Discovery grab samples from the Rajapalot project have returned gold mineralization from three distinct areas, namely the Palokas, Joki and Rumaj�rvi prospects. The areas were targeted with regional geophysics and surface soil geochemistry. Rumajarvi lies 1.5 kilometres south of Palokas, while Joki is located 1 kilometre southeast of Palokas (Figure 2). Each prospect area is characterized by minor outcrop on a topographic high, within a predominantly swampy terrain and therefore very little in situ bedrock has been located. The style of mineralization at some of the new localities is sulphidic and of a disseminated or replacement style, which differs from the vein style observed at Rompas. Little outcrop has been found between the prospect areas. The glacial boulders sampled and reported here are the same lithologies as in nearby outcrops, appear to form boulder trains, and thus are considered to be proximal to their source. A summary of sample statistics is shown in Table 1 and all results received to date are shown in Table 2. All samples are prospecting grab samples. These are selective by nature and are unlikely to represent average grades on the property.
Table 1: Summary statistics from all grab samples taken from the Rajapalot discovery to date.
Prospect |
Number of Samples |
Area |
Max Au g/t |
Min Au g/t |
Average Au g/t |
Sample Type |
Rumajarvi |
32 |
650m x 140m |
1,245 |
0.00 |
42.4 |
10 Outcrops, 22 Boulders |
Palokas |
10 |
120m x 55m |
85.0 |
0.11 |
30.5 |
9 Outcrops, 1 Boulder |
Joki |
10 |
800m x 150m |
2,817 |
0.00 |
628.2 |
5 Outcrops, 5 Boulders |
TOTAL |
52 |
|
2,817 |
0.00 |
152.8 |
24 Outcrops, 28 Boulders | In other news, Mawson is pleased to announce that 97% of all warrants priced at $1.02 which expired on October 25, 2012 have been exercised to raise an additional C$3.7M for the company. Mawson's major shareholder, The Sentient Group, which held 78% of the exercised warrants now moves to 23.6% ownership of the Company.
About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)
Mawson Resources Limited is a resource acquisition and development company. The Company has distinguished itself as a leading Scandinavian exploration company with a focus on the flagship Rompas gold project in Finland.
On behalf of the Board,
"Michael Hudson" Michael Hudson, President & CEO |
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Investor Information www.mawsonresources.com 1305 -- 1090 West Georgia St., Vancouver, BC, V6E 3V7 Mariana Bermudez/Donna Werbes +1 (604) 685 9316 Seema Sindwani +1 647-478-3017 Email: info@mawsonresources.com | Technical Background
Samples were transported by Mawson personnel from site to ALS Chemex Ltd's laboratory in Pitea, Sweden where the samples were prepared and sent to ALS Chemex Ltd's laboratory in Vancouver, Canada to be analyzed by Au-ICP21, GRA-21, ME-MS41u, PGM-ICP27 and ME-MS61u techniques. The QA/QC program of Mawson consists of the systematic insertion of certified standards of known gold content, with blanks at the beginning of each batch. In addition, ALS Chemex inserts a number of blanks and standards into the analytical process. Three NORM samples were analyzed at SRC Geoanalytical Laboratories, Saskatchewan, Canada, by ICP1 Partial Digestion except for gold which was analyzed by Fire Assay. The qualified person for Mawson's Finnish projects, Mr Terry Lees, VP Exploration for Mawson and Fellow of the Australian Institute of Geoscientists has reviewed and verified the contents of this release.
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.
Table 2: All assay results from prospecting grab samples from the Rajapalot area:
Prospect |
Sample Number |
Sample Type |
Au g/t |
U ppm |
Date Reported |
Joki |
231332 |
outcrop |
2817 |
81900 |
Here |
Joki |
222353 |
outcrop |
2196 |
45100 |
Here |
Joki |
231330 |
outcrop |
933 |
7540 |
Here |
Joki |
231422 |
boulder |
148 |
23600 |
Here |
Joki |
231331 |
boulder |
136 |
1670 |
Here |
Joki |
231836 |
boulder |
52.20 |
433 |
Here |
Joki |
231333 |
boulder |
0.14 |
8540 |
Here |
Joki |
231837 |
outcrop |
0.08 |
18 |
Here |
Joki |
231423 |
boulder |
0.01 |
1040 |
4-Sep-12 |
Joki |
231347 |
outcrop |
0.00 |
4 |
4-Sep-12 |
Palokas |
231417 |
outcrop |
85.00 |
16 |
4-Sep-12 |
Palokas |
231810 |
outcrop |
66.30 |
13 |
4-Sep-12 |
Palokas |
231418 |
outcrop |
63.60 |
790 |
Here |
Palokas |
231839 |
outcrop |
53.80 |
31 |
Here |
Palokas |
231838 |
outcrop |
19.60 |
7 |
Here |
Palokas |
222372 |
outcrop |
12.45 |
238 |
Here |
Palokas |
231419 |
outcrop |
2.23 |
3790 |
Here |
Palokas |
231843 |
boulder |
1.37 |
75 |
Here |
Palokas |
231420 |
outcrop |
0.54 |
15100 |
Here |
Palokas |
231421 |
outcrop |
0.11 |
64 |
4-Sep-12 |
Rumajarvi |
231340 |
boulder |
1245 |
2750 |
Here |
Rumajarvi |
231819 |
boulder |
33.00 |
500 |
Here |
Rumajarvi |
231416 |
outcrop |
22.70 |
630 |
Here |
Rumajarvi |
231805 |
boulder |
14.35 |
301 |
4-Sep-12 |
Rumajarvi |
231806 |
boulder |
11.30 |
460 |
4-Sep-12 |
Rumajarvi |
231336 |
boulder |
9.37 |
18 |
4-Sep-12 |
Rumajarvi |
231339 |
boulder |
7.12 |
2500 |
4-Sep-12 |
Rumajarvi |
231818 |
boulder |
4.55 |
301 |
Here |
Rumajarvi |
231338 |
boulder |
3.30 |
420 |
4-Sep-12 |
Rumajarvi |
231833 |
boulder |
1.95 |
7 |
Here |
Rumajarvi |
231803 |
outcrop |
1.28 |
75 |
Here |
Rumajarvi |
231337 |
boulder |
0.87 |
460 |
4-Sep-12 |
Rumajarvi |
231832 |
boulder |
0.59 |
389 |
Here |
Rumajarvi |
231809 |
outcrop |
0.53 |
23 |
4-Sep-12 |
Rumajarvi |
231841 |
outcrop |
0.43 |
36 |
Here |
Rumajarvi |
231804 |
boulder |
0.27 |
2340 |
Here |
Rumajarvi |
231815 |
boulder |
0.24 |
31 |
Here |
Rumajarvi |
222370 |
outcrop |
0.22 |
33 |
Here |
Rumajarvi |
231834 |
boulder |
0.13 |
485 |
Here |
Rumajarvi |
231807 |
boulder |
0.11 |
4870 |
Here |
Rumajarvi |
231808 |
outcrop |
0.11 |
28 |
4-Sep-12 |
Rumajarvi |
231335 |
outcrop |
0.10 |
31 |
4-Sep-12 |
Rumajarvi |
231342 |
boulder |
0.08 |
91 |
4-Sep-12 |
Rumajarvi |
231840 |
boulder |
0.06 |
120 |
Here |
Rumajarvi |
231415 |
outcrop |
0.04 |
7 |
4-Sep-12 |
Rumajarvi |
231820 |
boulder |
0.03 |
31 |
Here |
Rumajarvi |
231831 |
boulder |
0.02 |
59 |
Here |
Rumajarvi |
231341 |
boulder |
0.02 |
580 |
4-Sep-12 |
Rumajarvi |
222371 |
outcrop |
0.01 |
67 |
Here |
Rumajarvi |
231829 |
boulder |
0.01 |
5 |
Here |
Rumajarvi |
231816 |
boulder |
0.01 |
337 |
Here |
Rumajarvi |
231334 |
outcrop |
0.00 |
530 |
4-Sep-12 |
unnamed |
231608 |
boulder |
13.95 |
7 |
Here |
unnamed |
232159 |
boulder |
1.32 |
3 |
Here | View News Release in PDF Format:
- Associated File: http://www.mawsonresources.com/i/pdf/MAW121029_FINAL.pdf
- 2179 KB in size, approx. 6 minutes, 47 seconds to download at 56.6Kbps
Copyright � 2012 MAWSON RESOURCES LTD. (MAW) All rights reserved. For more information visit our website at http://www.mawsonresources.com or send email to info@mawsonresources.com ..
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Mawson Resources Limited
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DEVELOPMENT STAGE |
CODE : MAW.TO |
ISIN : CA57776G1063 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Mawson Res. is a gold and uranium exploration company based in Canada. Mawson Res. holds various exploration projects in Peru and in Sweden. Its main asset in development is FLISTJARN in Sweden and its main exploration properties are LÅNGVATTNET URANIUM PROJECT, ÅSNEBOGRUVAN URANIUM PROJECT, NORR DÖTTERN URANIUM PROJECT, SJAULE URANIUM PROJECT, STENSJÖDALEN URANIUM PROJECT, TRESJÖARNA URANIUM PROJECT, TÅSJÖ, DUOBBLON URANIUM PROJECT, PRÄSTRUN URANIUM PROJECT and KLÄPPIBÄCKEN in Sweden, NUOTTIJÄRVI URANIUM PROJECT and ROMPAS in Finland, DON BENITO in Spain and ALTO QUEMADO in Peru. Mawson Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 31.6 millions as of today (US$ 25.3 millions, € 22.1 millions). Its stock quote reached its highest recent level on April 15, 2011 at CA$ 2.75, and its lowest recent point on July 29, 2022 at CA$ 0.10. Mawson Res. has 105 310 000 shares outstanding. |
In the News and Medias of Mawson Resources Limited |
Annual reports of Mawson Resources Limited |
Financings of Mawson Resources Limited |
Option Grants of Mawson Resources Limited |
Nominations of Mawson Resources Limited |
Project news of Mawson Resources Limited |
10/7/2014 | Mawson Resources Limited - First high grade gold shallow dri... |
2/18/2014 | Continues to Expand Mineralization Along Trend at Rajapalot,... |
1/20/2014 | Intersects 19.0 Metres At 2.3 G/T Gold At Palokas, Finland |
10/3/2013 | Drills 9 Metres at 10.2 g/t Gold at Palokas, Finland |
9/18/2013 | (Rompas)Announces Restart of Diamond Drilling at Rompas, Finland |
4/3/2013 | (Rompas)Drills 0.5 Metres At 148 G/T Gold Uncut At South Rompas, Fin... |
1/14/2013 | Grab Samples up to 1,520 G/T Gold at Rajapalot, Finland |
5/31/2012 | (Rompas)Drills 6 Metres at 617 g/t Gold Uncut at Rompas, Finland |
3/6/2012 | (Rompas)First Diamond Drill Program Commences at Rompas in Finland |
2/6/2012 | (Rompas)Discovers Further Mineralization at Rompas in Finland with P... |
6/30/2011 | (Rompas)Launches Summer Work at The Rompas Gold Discovery in Finland... |
5/3/2011 | (Rompas)Files One of Finland's Largest Claim Applications at Rompas |
4/28/2011 | (Alto Quemado)Registers Agreements for the Alto Quemado Gold-Copper Projec... |
4/27/2011 | (Alto Quemado)REGISTERS AGREEMENTS FOR THE ALTO QUEMADO GOLD-COPPER PROJEC... |
3/16/2011 | (Rompas)Receives Permit for Shallow Drilling at the Rompas Gold Proj... |
2/22/2011 | (Rompas)Channels 0.35 Metres @ 1,460 g/t Gold And 1.4% Uranium And G... |
10/12/2010 | (Rompas)Samples Up To 1,415 Grams Per Tonne Gold At Rompas In Finlan... |
6/16/2010 | Increases Claim Holding And Releases NI43-101 Technical Repo... |
6/7/2010 | Reports Bonanza Gold with High Grade Uranium at Rompas, Finl... |
11/7/2007 | (Flistjarn)Stakes Three Uranium Claims at Saramki, Finland |
8/15/2007 | Significance of Tasjo Uranium Project and Recent Drill Resul... |
8/14/2007 | Results from Tasjo Uranium Project, Sweden |
4/23/2007 | Identifies High-Grade Uranium at Tresjoarna In Sweden |
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Corporate news of Mawson Resources Limited |
7/12/2016 | MAWSON TO DRILL 1,000 BASE OF TILL HOLES AT THE RAJAPALOT GO... |
4/26/2016 | MAWSON DRILLS 2.9 METRES @ 5.9 g/t GOLD AT PALOKAS GOLD PROJ... |
4/4/2016 | MAWSON ANNOUNCES RESIGNATION OF DIRECTOR GIL LEATHLEY |
1/18/2016 | MAWSON UPDATES DRILL AND GEOPHYSICAL PROGRAMS AT PALOKAS GOL... |
12/18/2015 | MAWSON COMMENCES 4,000 METRE DRILL AND 3D GEOPHYSICAL PROGRA... |
12/2/2015 | MAWSON ANNOUNCES CLOSING OF $3.1 MILLION PRIVATE PLACEMENT F... |
11/27/2015 | MAWSON ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETI... |
10/22/2015 | MAWSON ANNOUNCES $3 MILLION PRIVATE PLACEMENT FINANCING |
10/22/2015 | IIROC Trade Resumption - MAW |
10/22/2015 | IIROC Trading Halt - MAW |
10/21/2015 | MAWSON DRILLS 7.0 METRES AT 7.2 g/t GOLD AT PALOKAS, FINLAND |
10/14/2015 | MAWSON DRILLS 20.6 METRES AT 2.7 g/t GOLD AT PALOKAS, FINLAN... |
9/24/2015 | MAWSON DRILLS 5.8 METRES AT 6.2 g/t GOLD AT PALOKAS, FINLAND |
9/3/2015 | Mawson Drills 19.0 Metres at 5.3 g/t Gold at Palokas, Finlan... |
9/1/2015 | Mawson Drills 19.0 Metres at 5.3 G/t Gold at Palokas, Finlan... |
8/24/2015 | Mawson Requests Police Investigation Against an NGO in Finla... |
8/24/2015 | Mawson Requests Police Investigation Against an NGO In Finla... |
7/30/2015 | Mawson Restarts Drilling at the Palokas Gold Prospect in Fin... |
7/30/2015 | Restarts Drilling at the Palokas Gold Prospect in Finland |
7/21/2015 | Mawson Announces Extension of Share Purchase Warrants |
6/22/2015 | Mawson Notified of Re-Appeal by NGO in Finland KANSALAISJÄRJ... |
6/22/2015 | Mawson Notified of Re-Appeal by NGO in Finland |
6/22/2015 | Notified of Re-appeal by NGO in Finland |
4/8/2015 | Mawson Recommences Drilling at the Palokas Gold Prospect, Fi... |
4/7/2015 | Mawson Recommences Drilling at the Palokas Gold Prospect, Fi... |
4/7/2015 | Recommences Drilling at the Palokas Gold Prospect, Finland |
3/16/2015 | Mawson Extends Palokas Gold Prospect, Finland |
3/16/2015 | extends Palokas gold prospect, Finland |
1/13/2015 | Mawson Completes Geophysical Survey at the Palokas Gold Pros... |
1/8/2015 | Mawson Announces Court Ruling In Finland Kemi-tornion käräjä... |
12/31/2014 | Mawson Announces Court Ruling in Finland |
12/31/2014 | Announces Court Ruling in Finland |
12/22/2014 | Announces Results of Annual General Meeting of Shareholders |
12/22/2014 | Mawson Announces Results of Annual General Meeting of Shareh... |
11/28/2014 | Mawson Environmental Leader Appointment Finland MAWSONILLE N... |
11/12/2014 | Environmental Leader Appointment Finland |
11/12/2014 | Mawson Environmental Leader Appointment Finland |
10/30/2014 | Mawson Resources announces date of Annual General Meeting ("... |
10/28/2014 | metallurgical tests show up to 99% gold extraction at Paloka... |
10/28/2014 | Mawson metallurgical tests show up to 99% gold extraction at... |
10/14/2014 | Mawson Resources announces closing of private placement fina... |
9/29/2014 | Mawson announces $3.05 million private placement financing |
9/4/2014 | Restarts Drilling at the Palokas Gold Prospect in Finland |
9/4/2014 | Mawson Restarts Drilling at the Palokas Gold Prospect in Fin... |
8/13/2014 | extends discovery trend at Palokas, Finland |
8/13/2014 | Mawson extends discovery trend at Palokas, Finland |
7/30/2014 | Mawson Prepares to Core Sample the Palokas Gold Project in F... |
12/9/2013 | (Rompas)Commences Geophysical Survey At Rompas, Finland. |
10/16/2013 | Intersects 19.5 Metres at 7.4 g/t Gold From Surface at Palok... |
7/17/2013 | Announces $4.2 Million Private Placement Financing |
6/26/2013 | (Rompas)Kaita Gold Discovery & Exploration Update from Rompas, Finla... |
5/21/2013 | (Rompas)Rompas High Grade Gold Project, Finland: Project Update |
2/4/2013 | announces appointment of VP Exploration |
1/24/2013 | Announces Results of AGM |
10/29/2012 | Grab Samples Up To 2,817g/T Gold At Rajapalot, Finland |
10/17/2012 | (Rompas)Rompas Claims Gain Legal Force In Finland |
8/20/2012 | (Rompas)Announces Final Phase 1 Drill Results And Updates Summer Ex... |
5/2/2012 | Spin-Out Darwin Resources Begins Trading on the TSX Venture ... |
4/30/2012 | and Darwin Complete Statutory Plan of Arrangement |
4/24/2012 | On Listing Of The Common Shares Of Darwin Resources Corp. |
4/12/2012 | on Plan of Arrangement With Darwin Resources Corp. |
4/9/2012 | (Rompas)Mobilizes Second Rig To Rompas In Finland |
4/2/2012 | Shareholders Of Mawson Approve Plan Of Arrangement With Darw... |
3/1/2012 | Provides Update On Reorganization Completes Sale Of Subsidia... |
2/10/2012 | (Rompas)Gains Permission To Drill At Rompas |
12/28/2011 | Provides Update on Transaction with Tournigan Energy Ltd. |
12/7/2011 | to Exchange Scandinavian Uranium Assets for Shares |
12/2/2011 | (Rompas)s Permit Status at Rompas in Finland |
10/14/2011 | Postpones Date of Annual Meeting of Shareholders |
9/20/2011 | intersects 11.3 metres at 0.68% U3O8 at Riutta in Finland |
9/6/2011 | Clarifies Disclosure |
8/23/2011 | s Work Programs in Finland |
7/7/2011 | (Alto Quemado)Outlines a C$750,000 Program at Alto Quemado in Peru |
7/22/2010 | Outlines Summer Work Programs At The Rompas Gold Uranium Dis... |
10/9/2007 | Obtains Permission to Drill at Klappibacken Uranium Project |
9/4/2007 | - 1st Quarter Financial Year 2007/08 Update - Drilling and C... |
6/2/2007 | Stakes 2.9 Million Pound Historic Uranium Resource in Finlan... |
5/10/2007 | ACQUIRES NEW URANIUM PROJECTS IN SALAMANCA, SPAIN |
5/10/2007 | acquires new uranium projects in Salamanca, Spain |
3/26/2007 | STARTS DRILLING AT KLAPPIBACKEN URANIUM PROJECT |
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