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Tuesday, 4 December 2012
Mawson Resources starts 6,000 metre drill program at Rompas-Rajapalot in Finland
Mawson Resources (TSE:MAW) (OTCPK:MWSNF) says it has started a 6,000 metre diamond drilling program its Rompas-Rajapalot project in Finland.
The campaign forms the major part of a C$3.2 million company-wide 2013 winter exploration program through to the end of June next year.
The company-wide program consists of 6,000 metres of diamond drilling at the North Rompas, South Rompas and Rajapalot project areas, as well as an 827 line kilometre airborne geophysical survey at Rajapalot, 30 line kilometre of electro-magnetic and 48 line kilometres of magnetic ground-based geophysical measurements at Rajapalot.
"We are extremely pleased to finally have the drills turning at Rompas and Rajapalot," said president and CEO, Michael Hudson.
"As this is the first ever drilling in many of the project areas, our team has planned a rigorous winter exploration program, with the major aim to understand the style and continuity of bonanza grade gold mineralization.
"As the selected drill areas represent only a small fraction of the known surface mineralized area at Rompas-Rajapalot, we envisage this to be the first of many extensive drill campaigns to be completed at the project. First results from this program should be available from early February 2013."
Initial drilling at North Rompas will focus on the main geochemical anomlalies defined by the company's trenching programs, where channel sample results saw 1.40 metres at 2,529 grams per tonne (g/t) gold and 5.1% uranium oxide, Mawson said.
The 30 metre wide and 120 metre long area to be drill tested is just a small fraction of the North Rompas project, which geochemical sampling and geophysics suggest may be up to 3.5 kilometres long.
The company said that 21 drill holes are to be drilled initially in the area, down to a nominal 60 metre maximum vertical depth, with the aim of learning about gold mineralization style and continuity. Broader spaced targets at North Rompas will be tested later in the winter drilling campaign, it added.
Meanwhile, a second rig will be mobilized to the South Rompas area, located 5.2 km south of North Rompas, in February next year. The goal here will be to determine the continuity of the high grade gold mineralization discovered in May, which included 6 metres at 617 g/t gold, including 1 metre at 3,540 g/t gold. The company said 35 holes have been planned to test the area.
At Rajapalot, the third area to be drill tested this winter, ground geophysical programs will start this month, meant to help define the 1,500 drill metres planned for this target. Rajapalot is located 8 kilometres to the east of South Rompas.
In late October, the company said prospecting among 36 new grab samples taken from outcrop at Rajapalot returned 2,817 grams per tonne (g/t) gold, 2,196 g/t gold, 1,245g/t gold, 933g/t gold, 151g/t gold and 135.5g/t gold.
Mawson Resources is a resource acquisition and development company with precious and base metal interests in Finland and Sweden. The company's flag ship property is the Rompas gold project in Finland.
The company in October obtained legal rights to 100 per cent of the core Rompas claims, allowing it to drill test the Rompas and Rajapalot gold discoveries outside Natura 2000 areas.
It said 110 exploration claims that cover a surface area of 10,580 hectares at Rompas came into legal force after a standard appeal process.