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.

 

Key Points:
 

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.