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Mawson Resources reveals Palokas drill results

“Our drilling continues to help build up a picture of this extensive gold system," Michael Hudson said.

The first four Palokas holes intersected mineralisation.

Mawson Resources (TSE:MAW, OTCMKTS:MWSNF) has told investors that the first four holes from the Palokas prospect have all intersected the mineralized sequence.

It added, however, that only lower tenor gold mineralisation has been discovered down-dip and along strike from previous drilling.

"While we would have preferred a stronger start to the winter drill program at Palokas, we remain mindful these holes are only the start of the first deeper drilling program that tests an extensive gold-bearing system,” said Michael Hudson, Mawson chief executive.

“Our targeting methods using the low resistivity IP and VTEM geophysics are working and clearly define the mineralized host horizon, which we have now drilled over 1,000 metres of strike and intersected in every drill hole.”

Hudson added: “As always, high-grade gold distribution is complex, and our drilling continues to help build up a picture of this extensive gold system."

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Price: 0.41 CAD

Market: TSX
Market Cap: $104.54 m

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