Mawson Completes Successful Winter Drill Program at Rajapalot Gold Project, Finland
Exceptional Gold Hit Rate, Project Poised for Further Drilling and Discovery
VANCOUVER, July 5, 2017 - Mawson Resources Limited ("Mawson") or (the "Company") (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) provides a summary of the Company's successful winter drilling program at the 100% owned Rajapalot Project in Northern Finland. In total, 55 diamond drill holes for 11,056 metres and 1,801 base-of-till ("BOT") drill holes were completed, greatly expanding the Company's knowledge of the region.
The winter exploration program represents the first large scale drilling on the project with the following work completed:
55 diamond drill holes for 11,056 metres of diamond drill core, averaging 210 metres;
1,801 BOT holes, for 7,983 metres, averaging 4.4 metres, and
105 km of infill and extension ground magnetics collected on lines spaced at 50 metres.
Drilling confirmed the presence of a large gold-mineralized hydrothermal system within a 4.5 sq km area while testing only a small fraction (5%) of the 27-kilometre strike of the interpreted host sequence in the Rajapalot area (Figure 1);
Exceptional rate of drill success with 42% of holes (58 out of the total 137 holes drilled in the Rajapalot project) hitting geochemically significant gold (greater than 1g/t-m). Furthermore, 28% of drill holes (39 out of a total of 137) have recorded greater than 5 g/t-m intersections. The total average drill depth on the project remains shallow at 109 metres.