leadf
logo-loader
viewMawson Gold Limited

Mawson Resources reveals Palokas drill results

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

BHP-Billiton-Newman_opt.jpg
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."

Quick facts: Mawson Gold Limited

Price: 0.41 CAD

TSX:MAW
Market: TSX
Market Cap: $104.54 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Mawson Gold Limited named herein, including the promotion by the Company of Mawson Gold Limited in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Mawson Gold's Michael Hudson hails strong start to drilling at Sunday Creek...

Mawson Gold Ltd's (TSE:MAW) (OTCPINK:MWSNF) Michael Hudson speaks to Proactive's Andrew Scott after reporting a strong start to drilling in the famous Victoria goldfields in Australia, with the first hole at its Sunday Creek project hitting 15.2 metres at 3.7 grams per ton (g/t) gold from...

2 weeks, 3 days ago

2 min read