Tuesday, 10 July 2012

Mawson Resources drills 1 metre at 114.5 g/t gold uncut at Rompas

Mawson Resources (TSE:MAW) Tuesday announced results from a further 9 drill holes from its Rompas gold project in Northern Finland.

Amongst the highlights, drill hole ROM0015 encountered 1 metre at 114.5 grams per tonne (g/t) gold from 44 metres depth.

Phase 1 drilling has now been completed at Rompas for a total of 39 diamond holes for 4,178 metres. Drilling during this Phase 1 program has tested two small windows of the larger 6 kilometre mineralized strike at Rompas.

Drilling in other areas awaits further permitting. Results from a total of 24 from 39 drill holes have now been released.

"This second batch of results from our first drill program at Rompas, with a best intersection of 1 metre at 114.5 g/t gold in drill hole ROM0015, is a successful follow up to the initial drill results released on May 31, 2012, which contained 6 metres at 617 g/t gold in drill hole ROM0011 including 1 metre at 3,540 g/t gold," Mawson's president & CEO Michael Hudson said.

"Although it is early in our understanding of the controls on gold mineralization, we are beginning to define a linked vein array that hosts high-grade gold structures within a broader gold anomalous zone characterized by hydrothermal calc-silicate veining and alteration.

"Given we have tested only a small area in a much larger mineralized system, future exploration work will test two different scales. The first is to drill the large known mineralized area over its 6 kilometre trend and the second to drill and understand the controls and continuity of gold mineralization within individual high grade structures."

Mawson Resources said that northern block of the project corresponds to significant surface mineralization and has now been drill tested over a 160 metre strike. In contrast, the southern block tested the southern extension of the interpreted mineralized trend under soil cover and has now been drill tested over 240 metres of strike.

This drill program has provided the first opportunity to sample continuously across the mineralized "footprint". Drilling has confirmed the width and scale of a greater than 100 metre wide hydrothermal veined mineral system with a defined hanging wall and footwall.
Maswon has distinguished itself as a leading Scandinavian exploration company with a focus on the flagship Rompas gold project in Finland.

Further details of the Rompas project can be found at: http://www.mawsonresources.com

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