Mawson Resources Limited Intersects 19.0 Metres At 2.3 G/T Gold At Palokas, Finland by 24hgold

Keywords : Canada | Finland | Georgia | Gold |

Re: News Release - Monday, January 20, 2014
Title: Mawson Intersects 19.0 Metres At 2.3 G/T Gold At Palokas, Finland

Vancouver, Canada -- Mawson Resources Limited ("Mawson") or (the "Company") (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces further intersections of strong gold mineralization from the Palokas gold project at Rompas in Finland.

Key Points:

Highlighted intersections include:
- 19.0m @ 2.3 g/t gold from 8.0 metres from PRAJ0022; and
- 8.7m @ 4.6 g/t gold from 16.9 metres from PRAJ0025;
Exploration at Palokas is at a very early stage. Gold mineralization is covered by shallow glacial till deposits and remains open in all directions, with many holes stopping in mineralization;
Sampling is coincident with a VTEM geophysical conductor that extends for more than 500 metres through an area with <1% outcrop, and forms part of a 3.5 kilometre target horizon between basaltic and quartzitic rocks;
A 26 kilometre induced polarization ("IP") geophysical survey that tested 5 kilometres of target horizon along strike from the drill area at Palokas has just been completed;
Core sampling continues at Palokas and further results are pending.

Mr Hudson, the Company's President & CEO, states, "The high degree of continuity of gold mineralization at Palokas is further emphasized by these new shallow core sample results. Mineralization continues from surface and all mineralized sections remain open down dip. We look forward to extending core sampling along strike from the area already tested, with more than 3.5 kilometres of strike potential defined by anomalous gold surface samples and geophysical responses."

A plan view of the core sampling, a complete series of cross sections and a longitudinal section are shown in Figures 1-10, while Tables 1 and 2 show full collar and summary assay information. Better results returned from holes PRAJ0010 to PRAJ0024 are shown below:

HOLEID	Summary Result	Comment
PRAJ0022	19.0m @ 2.3 g/t gold from 8 metres
PRAJ0025	8.7m @ 4.6 g/t gold from 16.9 metres
PRAJ0023	9.9m @ 2.2 g/t gold from 18.6 metres	Stopped in mineralization
PRAJ0024	7.9m @ 2.7 g/t gold from 28.1 metres	Stopped in mineralization
PRAJ0020	3.0m @ 4.2 g/t gold from 5.2 metres

Twenty-four core sample holes have been completed to date along a strike length of 150 metres, and a further five core holes are planned to test an additional 50 metres of the strike potential at Palokas. Finely disseminated gold mineralization occurs within magnesian chlorite-biotite-tourmaline-pyrrhotite rich rocks between mafic rocks and relatively oxidized quartzites. The true thickness of the mineralized interval is interpreted to be approximately 80% of the sampled thickness.

These new results follow on from the previous core sampling result at Palokas (PRAJ0003-PRAJ0009), reported in Mawson Press Releases October 3, 2013 and October 16, 2013.

Additionally, the 26 kilometre gradient array IP and 480 metres of pole-dipole IP geophysical surveys have just been completed. These surveys tested approximately a 5 kilometre trend to the north and south of the Palokas drill area. Ground magnetic measurements remain ongoing at Palokas. These results will be made available shortly.

About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)

Mawson Resources Limited is an exploration and development company. Mawson has distinguished itself as a leading Scandinavian exploration company with a focus on the flagship Rompas gold project in Finland.

Technical Background

The core sampling was undertaken by Mawson Staff who provided EW (25.2 mm) diameter core. Core recoveries were excellent and average close to 100% in fresh rock. After photographing and logging, core intervals averaging 1 metre in length were cut in half at the Geological Survey of Finland (GTK) core facilities in Rovaniemi, Finland. These half-core one metre samples weigh less than 0.7 kilograms. The remaining half core is retained on site for verification and reference purposes. Analytical samples were transported by Mawson or GTK personnel from GTK to the Labtium Oy ("Labtium") laboratory in Rovaniemi, Finland where they were prepared and analyzed for Au by 705P techniques and multi-element analysis by XRF technique (pellet), method +175X. 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, Labtium inserts a number of blanks and standards into the analytical process. The qualified person for Mawson's Finnish projects, Mr Michael Hudson, President & CEO for Mawson and Fellow of the Australasian Institute of Mining Metallurgy has reviewed and verified the contents of this release.

On behalf of the Board,

"Michael Hudson"
Michael Hudson, President & CEO

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

Forward Looking Statement

This press 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, including statements regarding the planned drill program and anticipated exploration results, 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, equipment failure, unexpected geological conditions, operational delays, 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 the hand portable low impact core sampler from the Palokas Prospect

HoleID	UTME	UTMN	Azimuth	Dip	Overburden Depth (m)	Depth (m)	Date Reported
PRAJ0003	3408688	7373822	118	60	0.0	20.19	03 Oct 2013
PRAJ0004	3408681	7373826	116	60	0.8	19.63	16 Oct 2013
PRAJ0005	3408673	7373830	116	60	4.2	19.26	16 Oct 2013
PRAJ0006	3408686	7373839	116	60	1.3	29.04	16 Oct 2013
PRAJ0007	3408705	7373831	116	60	5.0	5.0	16 Oct 2013
PRAJ0008	3408696	7373836	116	60	0.3	13.3	16 Oct 2013
PRAJ0009	3408692	7373859	116	60	2.5	34.95	16 Oct 2013
PRAJ0010	3408711	7373854	116	60	0.3	13.02	Here
PRAJ0011	3408753	7373879	140	60	4.5	4.5	Here
PRAJ0012	3408730	7373906	140	60	0.0	3.36	Here
PRAJ0013	3408736	7373898	140	60	3.0	7.8	Here
PRAJ0014	3408743	7373889	140	60	1.0	7.8	Here
PRAJ0015	3408729	7373862	140	60	1.0	12.7	Here
PRAJ0015	3408729	7373862	140	60		12.7	Here
PRAJ0016	3408686	7373802	116	60		28.4	Here
PRAJ0017	3408686	7373776	116	60		23.0	Here
PRAJ0018	3408677	7373765	116	60		20.75	Here
PRAJ0019	3408666	7373787	116	60		4.5	Here
PRAJ0020	3408669	7373808	116	60		31.2	Here
PRAJ0021	3408695	7373819	116	60		19.94	Here
PRAJ0022	3408677	7373842	116	60		37.5	Here
PRAJ0023	3408682	7373863	116	76.5		28.52	Here
PRAJ0024	3408673	7373868	116	76.5		37.02	Here
PRAJ0025	3408697	7373878	116	76.5		40.25	Here
PRAJ0026	3408693	7373856	116	76.5		30.0	TBA

Table 2: Assay data from the hand portable low impact core sampler from the Palokas Prospect -- new results from core sample holes PRAJ0010-PRAJ0025. Holes PRAJ0007 and PRAJ0019 failed to intersect bedrock. Holes PRAJ0015-17 contained no significant assays, holes PRAJ0011-14 were short holes <8 metres depth and contained no significant assays. A lower cut of 0.5 g/t over 2 metres was applied.

Hole ID	From (m)	To (m)	Width (m)	Au g/t	Comment	Reported
PRAJ0003	0	9	9.0	10.2		3 Oct 2013
PRAJ0003	12	13	1.0	0.6		3 Oct 2013
PRAJ0004	2	10.25	8.3	5.9		16 Oct 2013
PRAJ0005	6.65	19.22	12.6	3.6	Stopped in mineralization	16 Oct 2013
PRAJ0006	1.3	20.8	19.5	7.6		16 Oct 2013
PRAJ0008	0.3	8	7.7	1.4		16 Oct 2013
PRAJ0009	2.5	7.9	5.4	37.6		16 Oct 2013
PRAJ0009	13.9	14.7	0.8	0.6		16 Oct 2013
PRAJ0009	22.7	23.7	1.0	2.6		16 Oct 2013
PRAJ0009	25.4	28.25	2.9	2.3		16 Oct 2013
PRAJ0009	30.25	31.25	1.0	0.6		16 Oct 2013
PRAJ0009	32.25	33.25	1.0	0.7		16 Oct 2013
PRAJ0010	3.3	6.3	3.0	1.4		Here
PRAJ0018	4.4	5.4	1.0	1.6		Here
PRAJ0018	14.75	15.75	1.0	0.5		Here
PRAJ0020	5.2	8.2	3.0	4.2		Here
PRAJ0020	11.2	13.2	2.0	4.4		Here
PRAJ0020	22	24	2.0	2.2		Here
PRAJ0020	26	27	1.0	0.9		Here
PRAJ0021	2.7	4.7	2.0	1.1		Here
PRAJ0022	8	27	19.0	2.3		Here
PRAJ0022	32.6	33.6	1.0	1.9		Here
PRAJ0023	11.16	14.4	3.2	1.0		Here
PRAJ0023	18.62	28.52	9.9	2.2	Stopped in mineralization	Here
PRAJ0024	22.65	26.8	4.2	0.6		Here
PRAJ0024	28.05	35.95	7.9	2.7	Stopped in mineralization	Here
PRAJ0025	16.9	25.6	8.7	4.6		Here

To view the release in PDF format:

Associated File: http://www.mawsonresources.com/i/pdf/MAW140120_FINAL.pdf: 8578 KB in size, approx. 26 minutes, 38 seconds to download at 56.6Kbps

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