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MAWSON RESOURCES LTD.
MAWSON GRANTED PERMISSION TO DRILL AT KL�PPIB�CKEN URANIUM PROJECT, SWEDEN
- Two Diamond Drill Rigs Will Mobilize to Kl�ppib�cken Within the Next Two to Three Weeks, to Complete an Initial 4,000 Metre Drill Program
- �Significant High-Grade and Near-Surface Uranium Mineralization Was Intersected During Mawson�s Previous Drill Campaign... Results Indicated the Strength of the Kl�ppib�cken Uranium Mineralized System and the Potential for a Major Uranium Deposit At Kl�ppib�cken�
Best Results, Calculated With a Lower Cut-Off of 200 ppm U3O8, Included:
KL�DD0703 : 56 metres at 0.10% U3O8 from 20 metres; including 5 metres for 0.24% U3O8 from 25 metres, and including 24.7 metres for 0.12% U3O8 from 46.3 metres;
KL�DD0702 : 23.1 metres at 0.12% U3O8 from 18.6 metres; and 8.6 metres at 0.10% U3O8 from 51.5 metres;
- Historical Drilling at Kl�ppib�cken Has Shown that Mineralization Extends to Greater Than 150 Metres Below the Surface, at Least 120 Metres Along Strike, and Remains Open in All Directions
Michael Hudson, President of Mawson Resources: �We are pleased that all permits are now in place that the company can now continue to explore the prospective Kl�ppib�cken Uranium Project. Our team of four geologists and eight field assistants were active over summer collecting new field information from the Hotagen (Kl�ppib�cken, Tresj�arna and Stensj�dalen) area. Two drill rigs will now mobilize in the next few weeks to follow up this work and the encouraging previous drill results obtained by the company in early summer.�
View Mawson Press Release
Dear Friends:
Mawson is once again starting to drill at the Kl�ppib�cken Uranium Project which the Company believes has the �potential for a major uranium deposit�. Support for this conviction comes from the high uranium grades discovered earlier and the fact that the mineralization is near surface and that it extends to greater than 150 metres below the surface and for at least 120 metres along strike. Furthermore, the mineralization is open in all directions. We also want to point out that Kl�ppib�cken is just one of many prospective areas within the much larger Hotagen Project, which is 8368 hectares or 83.68 sq/km in total size. This extensive uranium system certainly warrants some serious attention and Mawson has committed a top notch team to undertake work at this high priority project area. With two drill rigs starting to turn we can look forward to some important announcements over the coming weeks and months.
Regards,
Nick L. Nicolaas
Mawson Resources holds significant uranium resources in the nuclear energy reliant countries of Spain, Sweden and Finland.
As the European Union reduces its reliance on carbon-based energy sources, Mawson is well placed as the Company develops its exploration portfolio towards the sustainable production of uranium in the shortest possible time frame.
Don Benito Mine in 1982
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October 9 , 2007
Nick Nicolaas, Editor
•Mawson Resources holds significant uranium resources in the nuclear energy reliant countries of Spain, Sweden and Finland. As the European Union reduces its reliance on carbon-based energy sources, Mawson is well placed as the Company develops its exploration portfolio towards the sustainable production of uranium in the shortest possible time frame.
Mawson Two Page Summary
View Mawson CEO in Video Interview
"Mawson is very well placed as a European uranium explorer, with a project portfolio that includes both resources and high merit exploration projects across three countries. Combined with a strong technical team and adequate funding of C$15.3-million
(equivalent to 42c per share),
we look forward to adding further value through discovery and acquisition over the remainder of the year."
--Michael Hudson, CEO, Mawson Resources
Mawson Resources Web Site
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