10.09.2012

Mawson Resources discovers more gold in Finland

Initial sampling in Rajapalot provides compelling evidence of a new gold project and is a great example of Finland's prospectivity, according to Mawson.

Canadian mining company Mawson Resources Limited has announced a new gold discovery made at Rajapalot, located 8km east of the company’s existing Rompas gold project in northern Finland. Based on an initial 18 grab sample exploration program, the samples taken from outcrop and boulders averaged 11.0g/t gold and ranged from 0.001g/t to 85g/t gold within 3 separate prospect areas separated by many kilometres.

According to Mawson, together with Rompas, the discovery provides further evidence for a large new gold camp in Finland. “Although this initial sampling program was very limited, Rajapalot provides compelling evidence of a new gold project within the larger Rompas area, and is a great example of Finland's prospectivity,” says Michael Hudson, President & CEO of Mawson Resources.

Unusually high-grade gold

The highlight of the discovery is the Palokas area where two grab samples from adjacent outcrops returned 85.0g/t gold and 66.3g/t gold. “Globally it is unusual to find previously unsampled high-grade gold in outcrop and boulders, let alone 8 kilometres from such an exciting exploration project as Rompas, which has delivered spectacular surface and drill results over the last 2 years. Up until one month ago, Rajapalot was unknown and had never been sampled,” says Hudson.

Mawson is now prioritising reconnaissance prospecting within the Rajapalot area during the autumn, and is considering fast tracking an airborne geophysics survey to help map this previously unknown area. Rajapalot lies partly within a Natura 2000 area where drilling and trenching are not permitted until Mawson applies for a modification of the claim decision by conducting an environmental program. An environmental study of the area is expected to be completed in the final quarter of this year.

Source: Mawson Resources