Extensive Drill Program Hitting Gold-Cobalt Mineralization

 
 
Mawson Gold (TSX: MAW)(OTC: MWSNF) — currently trading around C$0.25 per share — has released assays from three diamond drill holes from its recently completed 76-hole, 19,400 meter program at the flagship Rajapalot Gold-Cobalt Project, Finland.

Highlights from the South Palokas target — situated just 400 meters southwest of the discovery outcrop at the main Palokas prospect — include: 
 
  • 3 grams per tonne (g/t) gold and 998 ppm cobalt over 15.3 meters

  • 4 g/t gold and 756 ppm cobalt over 11 meters 

  • 1.7 g/t gold and 529 ppm cobalt over 20 meters 
 
 
Mawson CEO, Michael Hudson — whom you’ll be hearing more from in a second — commented via press release: 
 
 
 

"The South Palokas prospect has always held promise of delivering more high-grade gold and cobalt assays. These results add to the deeper and untested western limits of the South Palokas mineralization and show the potential to substantially grow the Rajapalot resource. As assay results from the 2021 drill season continue to flow in, the geological team is adding to, or building new, mineralized wireframes to form part of the updated Inferred Mineral Resource we expect to publish in Q3 this year."

 
 
And speaking of news flow, Mawson further reports that a total of 47 drill holes [12,000 meters] from five prospect areas at Rajapalot will be released over the next couple of months with a resource upgrade slated for completion in August. 
 
 
Through a combination of multi-rig diamond drilling and land use planning processes, the Mawson team has been systematically derisking the Rajapalot project — which is already considered a strategic gold-cobalt resource for the country of Finland — from the exploration stage to a potential mine project. 
 
 
And while the main focus is the flagship in Finland, Mawson is simultaneously advancing two gold exploration projects in the Victorian Goldfields, Australia — the Sunday Creek and Redcastle projects.

Drilling is ongoing with assays forthcoming from both projects as the company targets Fosterville-style gold mineralization down under.

Our own Gerardo Del Real of Junior Resource Monthly tracked down CEO, Michael Hudson, for a quick catch-up on all-things Mawson. CLICK HERE TO LISTEN. Transcript is also available. 
 
 
Yours in profits,
Mike Fagan

Mike Fagan
Editor, Resource Stock Digest


Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.
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