Thursday, 18 October 2012

Mawson Resources says Rompas exploration claims come into legal force

Mawson Resources (TSE:MAW) says that 110 exploration claims that cover a surface area of 10,580 hectares at its Rompas gold project in northern Finland have now come into legal force after a standard appeal process. 
"After a lengthy process  and much anticipation, Mawson has obtained legal rights to 100% of the  core Rompas claims," said Mawson's president and CEO, Mr Hudson, in a statement Wednesday. 
"This will allow us to drill test the exciting Rompas and Rajapalot gold discoveries outside Natura 2000 areas."
"We are soon planning to  commence drilling at both the North Rompas prospect where better trench results include 1.4 metres at 2,529 g/t gold, and at the South Rompas  prospect, located 6 kilometres south, to follow up our initial drill  results drilled during the Fall of 2012 which included 6 metres at 617  g/t gold (uncut) in drill hole ROM0011."  
In October of last year, Mawson was granted the exploration claims by the Finnish Safety and Chemical Agency for a period of three years, but just a month later, five appeals were filed against the decision. 
The Rovaniemi Administrative Court examined the appeals and on September 14 of this year, Mawson said the court decided to reject all appeals in favour of the granting decision.
As no further appeals were filed within 30 days, the claims took legal effect from October 15. 
Limitation on exploration methods in the Natura 2000 areas of the claims include no drilling or trenching due to specific flora, Mawson said, until the company applies for a modification of this decision by conducting an environmental program. 
Golder Associates in Finland has already started the environmental study, which is expected to be completed in the fourth quarter, the miner said, adding that around 30 per cent of the 6 kilometre trend at Rompas is now available to drill test. 
In September, the Scandinavian explorer revealed the first grab sample results from its recent Rajapalot gold discovery, located eight kilometres to the east of its Rompas project.
Highlights from the company’s new gold discovery were from an initial 18 grab sample exploration program, where samples taken from outcrop and boulders averaged 11.0 grams per tonne (g/t) gold and ranged from 0.001 g/t to 85 g/t gold, within three separate prospect areas.
Aside from its Rompas project in Finland, Mawson has staked six claim applications in three project areas in Sweden, for a total of 23,053 hectares. The company noted in August that information regarding these additional claims will be announced as further research is conducted.

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