17.01.2013

Mawson discovers more gold in Finland

Canadian mining company Mawson releases news of the widest zone of continuous gold mineralization found at Rompas-Rajapalot to date.

The Canadian mining company Mawson has discovered further gold mineralization at the Rajapalot project in Northern Finland, with grab samples returning up to 1,520 g/t gold and an average of 55.5 g/t. The mineralization was discovered within an area of 4 square kilometres at Rajapalot, which lies 8 kilometres east of the initial Rompas gold discovery. In addition to gold, Mawson also reports that the surface grab samples returned up to 17,300 ppm uranium, with an average of 2,246 ppm.

Mawson has also published the results rock chip sampling across a strongly altered outcrop at the Palokas prospect which averaged 13.4 g/t gold and 226 ppm uranium over 9 metres. This is the widest zone of continuous gold mineralization found at Rompas-Rajapalot to date. In total, the 80 grab samples from the Rajapalot prospect to date average 152.0 g/t gold and 3,248 ppm uranium and range from 0.001g/t to 2,817 g/t gold and 0.1 to 81,900 ppm uranium.

Impressive discovery

“The frequency of discovery at Rajapalot over such a large area is impressive given the limited outcrop, which is restricted to small topographic highs, in a generally swampy terrain,” says Mawson’s President & CEO Michael Hudson. “Grades up to 1,520 g/t gold continue to excite and the disseminated and more sulphidic style of mineralization, such as that sampled at Palokas, is of interest as it forms a potential bulk tonnage style of mineralization that is amenable to geophysical targeting undercover."

In other news, diamond drilling is ongoing 8 kilometres west of Rajapalot, at the North Rompas prospect. Drilling is targeting structures containing high grade gold, where channel sample results include 1.40 m at 2,529 g/t gold and 5.1 % uranium oxide. To date 25 holes for 2,095 metres have been completed.

Source: Mawson