Mawson Gold Drills Drilling Update at Joki East in Finland

Mawson Gold Limited announced it has drill intersected further high-grade gold at the Joki East prospect at the 100% owned Rajapalot Project in Finland. Joki East is
Mawson Gold Drills Drilling Update at Joki East in Finland
Mawson Gold

Mawson Gold Limited announced it has drill intersected further high-grade gold at the Joki East prospect at the 100% owned Rajapalot Project in Finland. Joki East is located 1,600 metres north-east of the Raja resource area and is permitted for year-round drill access.

Key points:

PAL0242 returned 1.6 metres @ 19.2 g/t gold from 155.0 metres and was drilled 27 metres north east of PAL0241, the discovery hole at Joki East, that intersected 1.6 metres @ 28.3 g/t gold from 168.6 metres (News Release 10 November, 2020). PAL0242 is the most easterly hole on the up-plunge drill section drilled to date at Joki East

A total of eight drill holes have been completed at Joki East. Visible gold has been identified in 4 of the 8 drill holes, including PAL0241 and PAL0242. Holes drilled to date define a body of 50-60 metres across strike and 120 metres down plunge within a modelled electromagnetic plate with dimensions of 300 metres by 140 metres. Mineralization remains open in all directions. The body plunges at 25 degrees to the NW, a similar orientation to the mineralized bodies defined in the other resource areas at Rajapalot. Mineralization is thin but high-grade;

Mr. Hudson, Chairman and CEO, states: "Finland continues to deliver in our ongoing drill programs. Discovery of high-grade gold in all year round permitted drill areas, outside Natura 2000, is a major step forward. With our second high grade assay returned at Joki East, we are encouraged by the consistency of high grades between drill holes and look forward to additional results from what is shaping up as our fourth mineralized area to add to the three current resource areas."

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