Mawson Channels 0.35 Metres @ 1,460 g/t Gold And 1.4% Uranium And
Grab Samples Assay Up To 12,410 g/t Gold And 47.9% Uranium At
Rompas In Finland
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Vancouver, Canada - Mawson Resources Limited ("Mawson") TSX - MAW;
Frankfurt - MRY. Mr Michael Hudson, President & CEO, announces results
from the third and final batch of channel samples received from 2010
exploration program at the Company's 100% owned Rompas gold-uranium
project in northern Finland. A detailed map showing the location and
distribution of these and earlier channel and grab samples can be
downloaded from the Company's website at
http://www.mawsonresources.com/i/maps/Rompas_PLANFEB22.pdf.
This third batch of results includes 31 diamond saw cut channel samples
that are comprised of 268 individual samples. Highlights include 0.35
m @ 1,460 g/t Au and 1.4 % U, and 2.6 m @ 190.5 g/t Au and 0.25 % U
(Table 1). The weighted average of all 80 channel samples from the
2010 program is 0.59 m @ 203.66 g/t Au and 0.73 % U within a sampling
footprint of 6.0 km strike and 200-250 m width. More than 300
discovery sites have now been identified within the mineralized
footprint. Channel samples are considered representative of the
in-situ mineralization sampled and channel widths quoted approximate
the true width of mineralization.
Also included in this third batch of results were 64 mineralized grab
samples that averaged 1,691.4 g/t Au and 6.5 % U and ranged from <0.03
g/t to 12,410 g/t Au and 1.6 ppm to 47.9% U. Grab samples are
selective by nature and are unlikely to represent average grades on the
property.
Samples were taken from mineralized structures, including shears, jogs,
boudins, veins and vein intersections. In places a number of
structures appear to be en echelon within the overall mineralized
envelope. Importantly, a significant majority of the area is below
soil cover which is too thick for the discovery of near-surface
radiometric occurrences. The new channel samples were taken at Rompas
North over 370 m strike by 270 m width and grab samples over 975 m by
250 m. At Rompas South grab and channel samples were taken over a
strike of 1.8 km. Soil and till sampling remain the only outstanding
information yet to be published from the 2010 program.
"These results continue to demonstrate the outstanding grades, high
frequency and broad geographical extent of gold and uranium showings at
Rompas within multiple structures in an area with only 5-10% outcrop.
At this very early stage of exploration we believe that Rompas has to
be considered as one of the most exciting global gold discoveries (with
a uranium credit) to emerge into the market place." said Mr Hudson.
Being a new discovery the Rompas project is secured by claim
applications. Deep drilling and trenching will be permitted on the
granting of exploration claims. The granting of claims in Finland is
currently slow and Mawson is working with the Finnish authorities to
facilitate this process in the shortest possible time. Although the
winter field season is passing rapidly, Mawson remains in ongoing
discussion with Finnish government authorities and landholders at
Rompas to allow shallow drilling this winter beneath the glacial soil
that covers 90-95% of the Rompas area. Further information regarding
the permitting for this program will be announced as further news comes
available.
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 9.5% of the Company and provides Mawson with a solid technical
shareholder.
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: 50,705,753. Cash: approximately C$13 million.
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
Company Contact: Mariana Bermudez +1 (604) 685 9316
Investor Relation Consultants - Mining Interactive
Nick Nicolaas +1 (604) 657 4058
Email: info@mawsonresources.com
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 prepared by ALS Chemex Ltd's laboratory in Pitea,
Sweden and analyzed by Au-ICP21, ME-MS41u, PGM-ICP27 and ME-MS61u
techniques by ALS Chemex Ltd's laboratory in Vancouver, Canada and
Saskatchewan Research Council using standard ICP partial and full
digestion and fire assay methods. 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.
Table 1: Third Reported Batch of Channel Samples from Rompas, Finland
(0.2 g/t Au lower-cut, no upper cut applied)
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site width Au g/t U%
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107578 0.35 1459.87 1.35
104793 2.6 190.48 0.25
104724 1.6 257.71 1.22
107596 2.05 191.27 0.58
107594 0.16 2010.15 17.45
104704 0.15 2090.03 8.76
104795 1.45 215.82 1.17
107432 0.77 301.75 1.09
104773 1 130.86 0.80
104796 0.9 139.44 0.22
104792 1 115.00 3.90
107435 1.8 63.57 0.34
107451 0.28 220.00 0.53
107458 1.24 45.95 0.06
107465 1.65 29.07 0.03
106307 0.15 276.00 0.31
107440 0.35 88.90 0.37
104786 0.5 43.90 0.16
104783 0.22 32.40 0.41
107437 1.3 5.40 0.17
107430 0.85 7.75 0.04
107430 1.1 4.04 0.01
107446 0.96 4.61 0.02
107433 0.14 30.50 0.12
104785 0.2 18.05 5.53
107436 0.62 4.67 0.01
107467 0.43 5.20 0.01
104789 0.15 14.7 0.78
107457 0.59 3.60 0.01
104789 0.55 3.47 0.12
105414 1.9 0.93 0.00
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Mawson Resources Limited
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EN DÉVELOPPEMENT |
CODE : MAW.TO |
ISIN : CA57776G1063 |
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Mawson Res. est une société d’exploration minière d'or et d'uranium basée au Canada. Mawson Res. détient divers projets d'exploration au Perou et en Suede. Son principal projet en développement est FLISTJARN en Suede et ses principaux projets en exploration sont NUOTTIJÄRVI URANIUM PROJECT et ROMPAS en Finlande, STENSJÖDALEN URANIUM PROJECT, SJAULE URANIUM PROJECT, LÅNGVATTNET URANIUM PROJECT, ÅSNEBOGRUVAN URANIUM PROJECT, NORR DÖTTERN URANIUM PROJECT, PRÄSTRUN URANIUM PROJECT, TRESJÖARNA URANIUM PROJECT, TÅSJÖ, DUOBBLON URANIUM PROJECT et KLÄPPIBÄCKEN en Suede, DON BENITO en Espagne et ALTO QUEMADO au Perou. Mawson Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 31,6 millions CA$ (25,3 millions US$, 22,1 millions €). La valeur de son action a atteint son plus haut niveau récent le 15 avril 2011 à 2,75 CA$, et son plus bas niveau récent le 29 juillet 2022 à 0,10 CA$. Mawson Res. possède 105 310 000 actions en circulation. |