Mawson Gold Update on Joki East in Rajapalot Project in Finland
Mawson Gold Limited announced that 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. Chairman and CEO Mr Hudson said "Joki East continues to deliver high grades with increased confidence of continuity with the larger 60 metre step-outs reported here. Gold is now seen over 3 separate levels augering well for increasing widths down plunge. With high cobalt values also now seen for the first time, Joki East continues to deliver extremely positive results. We look forward to further drill assays and for drilling to recommence over the coming weeks."
PAL0245 returned 1.3 metres @ 25.3 g/t gold from 177.1 metres, 0.5 metres @ 23.0 g/t gold from 191.0 metres and 1.7 metres @ 3.4 g/t gold from 194.8 metres
First observation of multiple levels of mineralization at Joki East
Encouraging thickness and continuity developing down plunge
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 PAL0245 reported here and the visible gold-bearing drill hole PAL0247 yet to be reported. 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 trend to the mineralized bodies defined in the other resource areas at Rajapalot. Mineralization so far is thin, but high grade and appears to be thickening down plunge.