Mawson Commences Geophysical Survey at Rompas, Finland
December 09 2013 - 8:45AM
Marketwired
Mawson Commences Geophysical Survey at Rompas, Finland
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 9, 2013) -
Mawson Resources Limited ("Mawson") or (the "Company")
(TSX:MAW)(FRANKFURT:MXR)(PINKSHEETS:MWSNF) announces the
commencement of an induced polarization ("IP") and ground magnetic
geophysical survey at the Palokas prospect at Rompas in Finland.
The survey will test for the continuation of high grade and thick
core sample results discovered from surface, which include 19.5
metres @ 7.4 g/t gold from 1.3 metres from PRAJ0006 and 5.4 metres
@ 37.6 g/t gold from 2.5 metres from PRAJ0009 (reported in Mawson
Press Release October 16, 2013).
Mr. Hudson, President & CEO, states, "With the recent
discovery of thick and high grade mineralization from surface at
Palokas, we have now moved rapidly to further define and refine
near surface drill targets with this extensive ground based
geophysical survey. The extent of the survey demonstrates the large
scale of target we are searching for at Palokas, with 5 kilometres
of target horizon to be tested along strike from the discovery
area. In other news, the core sampler continues to operate at the
Palokas prospect and further results should be available
shortly."
In total, 26 kilometres of gradient array IP and 480 metre of
pole-dipole IP are planned. Figure 1 outlines the extent of the
survey area, which tests approximately a 5 kilometre trend to the
north and south of the Palokas prospect area. Geovista AB has been
contracted to complete the survey and conditions are presently
ideal, with a thin stable ice covering of the swamps with moderate
snow cover. The gradient array IP method has been chosen as it
tests a large areal coverage to moderate depth at relatively low
cost. The line spacing for measurement of the gradient array survey
is 100 metres.
Additionally, the hand portable core sampler continues to
operate at Palokas successfully during early winter. To date 23
holes in total have been drilled at the Palokas prospect (Figure
2), with a further 6 holes planned. Assay results are pending and
will be released as received. Initial research has shown that
magnetic susceptibility measurements show a strong correlation with
the location of gold mineralization in core samples, with both the
hanging wall and footwall quartz-rich rocks showing a gradual
increase in magnetic susceptibility towards the mineralized zone.
Pyrrhotite is largely responsible for the observed magnetic
character, but magnetite is also present in some chlorite-rich
mineralized samples. These observations support the use of induced
polarization (IP) and ground magnetics over the Palokas area.
The Company would also like to announce an upgrade to its
website at www.mawsonresources.com.
About Mawson Resources Limited
(TSX:MAW)(FRANKFURT:MXR)(PINKSHEETS:MWSNF)
Mawson Resources Limited has distinguished itself as a leading
Scandinavian exploration company with a focus on the flagship
Rompas gold project in Finland.
Technical Background
The qualified person for Mawson's Finnish projects, Mr Michael
Hudson, President & CEO for Mawson and Fellow of the
Australasian Institute of Mining Metallurgy has reviewed and
verified the contents of this release.
On behalf of the Board,
Michael Hudson, President & CEO
Forward Looking Statement
This press release contains forward-looking statements or
forward-looking information within the meaning of applicable
securities laws (collectively, "forward-looking statements"). All
statements herein, other than statements of historical fact,
including statements regarding the planned drill program and
anticipated exploration results, are forward-looking statements.
Although Mawson believes that such statements are reasonable, it
can give no assurance that such expectations will prove to be
correct. Forward-looking statements are typically identified by
words such as: believe, expect, anticipate, intend, estimate,
postulate and similar expressions, or are those, which, by their
nature, refer to future events. Mawson cautions investors that any
forward-looking statements are not guarantees of future results or
performance, and that actual results may differ materially from
those in forward looking statements as a result of various factors,
including, but not limited to, capital and other costs varying
significantly from estimates, equipment failure, unexpected
geological conditions, operational delays, environmental and safety
risks, and other risks and uncertainties disclosed under the
heading "Risk Factors" in Mawson's most recent Annual Information
Form filed on www.sedar.com. Any forward-looking statement speaks
only as of the date on which it is made and, except as may be
required by applicable securities laws, Mawson disclaims any intent
or obligation to update any forward-looking statement, whether as a
result of new information, future events or results or
otherwise.
To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/916591_FIG1.pdf.
To view Figure 2, please visit the following link:
http://media3.marketwire.com/docs/916591_FIG2.pdf.
Investor Informationwww.mawsonresources.com1305 - 1090 West
Georgia St., Vancouver, BC, V6E 3V7Mariana Bermudez/Donna Werbes +1
(604) 685 9316Seema Sindwani +1 647-478-3017Email:
info@mawsonresources.com
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