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