Proactiveinvestors Australia MAWSON RESOURCES LTD https://www.proactiveinvestors.com.au Proactiveinvestors Australia MAWSON RESOURCES LTD RSS feed en Sat, 25 May 2019 03:11:15 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Media files - Mawson Resources releases impressive number from new target at Rajapalot Project ]]> https://www.proactiveinvestors.com.au/companies/stocktube/13368/mawson-resources-releases-impressive-number-from-new-target-at-rajapalot-project-13368.html Wed, 15 May 2019 11:23:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/13368/mawson-resources-releases-impressive-number-from-new-target-at-rajapalot-project-13368.html <![CDATA[Media files - Mawson Resources announces drill program for project in Finland ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11951/mawson-resources-announces-drill-program-for-project-in-finland-11951.html Tue, 22 Jan 2019 14:13:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11951/mawson-resources-announces-drill-program-for-project-in-finland-11951.html <![CDATA[News - Mawson Resources says Finnish project continues to present new and exciting opportunities ]]> https://www.proactiveinvestors.com.au/companies/news/199696/mawson-resources-says-finnish-project-continues-to-present-new-and-exciting-opportunities-199696.html Mawson Resources Ltd (TSE:MAW) has reported more encouraging drill results from the Rajapalot project in Finland, including new cobalt assays.

Eight new holes were reported from three prospect areas while cobalt assays were provided from two holes where gold-only values were available previously.

All ten holes, except one, hit  gold-cobalt mineralisation.

So far, 36 holes from 75 drilled have now been reported from the winter programme.

New cobalt assays, when added to the previously reported gold-only assays from a hole at the Raja prospect returned 33.6 metres at 9.7 g/t (grams per ton) Au Eq (gold equivalent), 8 g/t gold, 823 ppm (parts per million) cobalt from 243 metres, increasing the previously reported gold-only result by 22%.

Notably, cobalt assays from Raja continue to indicate the strong spatial relationship with gold but with a larger halo, the firm said.

"Rajapalot continues to present new and exciting opportunities with every additional result," said Mike Hudson, chairman and chief executive at Mawson.

"We continue to be encouraged by the broad uplift in gold-equivalent grades after the addition of cobalt assays," he said, highlighting one hole which assayed 33.6 metres at 9.7 g/t gold equivalent.

New targets

New targets continue to be generated as evidenced by the near-surface structural zone of mineralisation discovered at Raja with another hole intersecting 4.0 metres at 6.7 g/t gold equivalent, he added.

"Known mineralisation was extended at Palokas, 1.8 kilometres from Raja, where the mineralized position was successfully extended down-plunge by 100 metres.

"Furthermore, our increased geological knowledge of the mineralised system has facilitated regional targeting with 1-2 kilometre step out holes.

"With thousands of gold and cobalt assays still in the laboratory, we look forward to announcing data as they become available."

Mawson also noted that diamond drilling was planned to restart during September this year at Hirvimaa, Raja and Mannisto exploration permit areas.

Further ground magnetic work and planning of downhole electromagnetic surveys are earmarked to further refine winter 2019 drill targets, in particular, the down-plunge continuity of Raja prospect.

Ground magnetic surveys will commence in late June and electromagnetic surveys in September 2018,  the company said.

Shares were unchnaged at C$0.29.

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Wed, 27 Jun 2018 09:14:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199696/mawson-resources-says-finnish-project-continues-to-present-new-and-exciting-opportunities-199696.html
<![CDATA[News - Mawson Resources says Raja prospect continues to deliver ]]> https://www.proactiveinvestors.com.au/companies/news/197473/mawson-resources-says-raja-prospect-continues-to-deliver-197473.html We've become accustomed to encouraging drill reports from Mawson Resources Ltd (TSE:MAW) from its Rompas - Rajapalot project in Finland and today was no exception.

Tuesday's finds hail from five new holes at the Rajapalot gold-cobalt project - from three prospect areas - Raja, Rumajarvi and South Palokas. Significantly, all five hit gold mineralization.

The highlight was PAL0092 which intersected 4 metres (m) at 17.7 g/t (grams per ton) gold from 246 metres at the Raja prospect. Cobalt assays are still awaited from this hole.

READ - Mawson Resources has significant opportunity in battery metals as it identifies "highly significant" cobalt

That hole was sunk 45 metres west of another hole, which hit 31.7 metres at 8.4 g/t (grams per ton) gold from 244.1 metres.

So far, only three from a total of 16 holes at Raja have been assayed for cobalt, including one which intersected 10.8 metres at 1,299 ppm (parts per million) Cobalt, 6.2 g/t (grams per ton) gold (8.7 g/t AuEq (gold equivalent) from 8.7 metres.

"Our Raja prospect, which is one of many prospect areas, continues to deliver," said Michael Hudson, Mawson chairman and chief executive.

"High-grade gold has again been intersected at Raja and drilled down plunge for greater than 450 metres with a width exceeding 100 metres.

"The continuity and predictability of high-grade mineralization is encouraging, with 4.0 metres @ 17.7 g/t gold in PAL0092, 5.0 metres @ 12.4 g/t in PAL0118 and 31.7 metres @ 8.4 g/t gold in PAL0093 all recently drilled.

"With cobalt assays outstanding from these drill holes, and thousands of gold and cobalt assays still in the laboratory, we look forward to announcing data as they become available."

WATCH - Mawson Resources has “expanding system with great high grades” of gold in Finland

Mawson  added that a systematic cobalt assay program of around 3,000 Rajapalot samples was continuing with further assays to be reported in coming the months.

The winter diamond drill program totalled 16,204 metres in 75 drill holes across four exploration permit areas. Including those published here, assays from 28 drill holes have been released from Rajapalot and East Rompas. A further 47 drill holes are currently being logged and assayed.

Diamond drilling is planned to restart during August 2018 at Hirvimaa and Mannisto exploration permit areas.

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Tue, 22 May 2018 09:15:00 +1000 https://www.proactiveinvestors.com.au/companies/news/197473/mawson-resources-says-raja-prospect-continues-to-deliver-197473.html
<![CDATA[News - Mawson Resources has significant opportunity in battery metals as it identifies "highly significant" cobalt ]]> https://www.proactiveinvestors.com.au/companies/news/196951/mawson-resources-has-significant-opportunity-in-battery-metals-as-it-identifies-highly-significant-cobalt-196951.html Mawson Resources (TSE:MAW) shares surged as it said 'highly significant' cobalt associated with previously identified gold had been found at its flagship Rajapalot project in northern Finland.

Cobalt is a key part of  most lithium-ion batteries and is considered crucial in the switch to electric mobility and greener energy generation and storage.

Mawson shares added 12.9% to C$0.35 on the day.

Significant cobalt has been initially discovered in association with and peripheral to gold mineralisation across an area 3km by 4km, which remains open in all directions, the company said.

With the world's largest cobalt refinery, Freeport Cobalt, just 400km south of Rajapalot, the project is ideally positioned to play an important role.

It comes following an extensive drill core reassay program followed by a mineralogical  study led by the Geological Survey of Finland.

"This reassay programme of drill holes from Rajapalot has highlighted a significant opportunity for Mawson in the battery-metals sector," said Michael Hudson, chairman and chief executive of Mawson.

"Gold remains the key commodity at Rajapalot by value, however the identification of widespread cobalt enrichment in minerals that are the source of most cobalt mined today has the potential to add a significant byproduct credit to the project.

"Owing to Finland's strong position in the processing of cobalt-sulphide concentrates, Rajapalot presents as an attractive option for future ethically sourced cobalt for Europe.

"To date, less than half the holes drilled at Rajapalot have been assayed for cobalt.

"Based on this early success, Mawson is now undertaking an extensive reassay programme with the results released in the coming months. Further mineralogical and metallurgical testwork is also planned."

Significant assays received so far include 10.8 m of 1,299 ppm (parts per million) cobalt, and 30.8 m at 525 ppm cobalt, 7.1 g/t (grams per ton) gold (8.2 g/t gold equivalent) from 2.5 m.

Although the focus will remain on finding gold at Rajapalot, cobalt adds significant value as a potential byproduct with a 20-30% increase in calculated gold equivalent grade over gold grade, including cobalt.

Around half of the Rajapalot drill core has not been assayed for cobalt, the firm noted.

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Mon, 14 May 2018 15:54:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196951/mawson-resources-has-significant-opportunity-in-battery-metals-as-it-identifies-highly-significant-cobalt-196951.html
<![CDATA[Media files - Mawson Resources has “expanding system with great high grades” of gold in Finland ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9200/mawson-resources-has-expanding-system-with-great-high-grades-of-gold-in-finland-9200.html Thu, 03 May 2018 17:49:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9200/mawson-resources-has-expanding-system-with-great-high-grades-of-gold-in-finland-9200.html <![CDATA[News - Mawson Resources starts induction polarisation geophysical survey at Kairamaat 2/3 in Finland ]]> https://www.proactiveinvestors.com.au/companies/news/195874/mawson-resources-starts-induction-polarisation-geophysical-survey-at-kairamaat-23-in-finland-195874.html Mawson Resources Limited (CVE:MAW) said it has started induced polarisation (IP) geophysical survey within the Kairamaat 2/3 permit area, at its 100%-owned Rajapalot gold project in northern Finland.

In a statement, the company said that a geophysical crew has been mobilised to extend IP coverage of the area after the winter diamond drilling program identified gold mineralisation beyond the limits of geophysical data.

READ: Mawson Resources racing along with drilling progress at Rajapalot

A total of 29-line kilometres of gradient array IP and resistivity data will be collected along lines spaced at 50 metres in the southern part of the Kairamaat 2/3 permit area. The map of the new IP survey area can be viewed here.

Mawson said the winter diamond drill programme has now ended with a total of 16,204 metres completed in 75 drill holes across four exploration permit areas - Männistö, Kairamaat 2/3, Hirvimaa and Raja.

While assays from 14 holes have been reported, the made and results will continue over the coming months as they become available. Drilling is scheduled to restart during the 2018 summer at Hirvimaa, Männistö and Raja exploration permit areas.

Diamond drilling is planned to restart during the 2018 summer at Hirvimaa, Männistö and Raja exploration permit areas.

READ: Mawson Resources finds more high grade gold at Rajapalot in northern Finland

Michael Hudson, chairman and CEO, said: "At Rajapalot we have demonstrated that the gold-bearing rocks coincide with predictable electrical and magnetic geophysical responses, allowing direct targeting beneath thin glacial soil that covers 99% of the prospect area.

“This new ground electrical survey in the Kairamaat 2/3 exploration permit will allow for identification of drill targets beyond the limits of geophysical coverage for testing in upcoming drill programmes."

Gradient array IP geophysical surveys can be used to accurately identify both disseminated sulphide minerals (where the surface area of sulphides may produce a chargeable electrical response) and electrically conductive features.

IP is a valuable mapping tool especially when used in combination with ground magnetics and airborne electromagnetics. It provides the potential to directly identify gold-bearing host rocks under the thin glacial soil that covers 99% of the prospect area.

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Thu, 26 Apr 2018 09:52:00 +1000 https://www.proactiveinvestors.com.au/companies/news/195874/mawson-resources-starts-induction-polarisation-geophysical-survey-at-kairamaat-23-in-finland-195874.html
<![CDATA[News - Mawson Resources racing along with drilling progress at Rajapalot ]]> https://www.proactiveinvestors.com.au/companies/news/194676/mawson-resources-racing-along-with-drilling-progress-at-rajapalot-194676.html Today's drill results from gold explorer Mawson Resources (TSE:MAW) was another in a long list of encouraging updates on the prospectivity of its giant Rompas -Rajapalot project in Finland.

These are the group's flagship properties in Finnish Lapland, where high-grade gold has been discovered in camp-scale area over 10 sq km.

This year has already begun with gusto in terms of operations and the group kicked off, in January, a 15,000m winter drill program  at Rajapalot aimed in part to provide a maiden resource, while a 900-hole base-of-till drill (BOT) program was planned for nearby Rompas.

In early March the firm said it had drilled its “best hole” so far at Rajapalot - it was at the Raja prospect and hit 31.7 meters at 8.4 grams per ton (g/t) of gold (Au) at 244.1m.  That included 10.9m at 21.0 g/t gold from 252.2m.

For those of you who like to keep a record of the stats,  Mawson has now drilled 59 holes during the winter program for a total of 13,079 meters of diamond drill core.

Today's assays hailed from nine holes, eight of which hit gold mineralization across five prospect areas.

These are Raja, Ruari, Palokas, Terry's Hammer and the Hut prospect.

"Mawson's dual aims for this winter's drill program were to systematically grid drill and extend known gold prospects, while also testing a dozen new semi-regional structural-stratigraphic targets," said the company

Although still less than a quarter of drill core from the winter program has been assayed, the first part of this strategy is clearly delivering at Raja...,it added.

A major strategic investment..

In February this year, the firm said it was poised for a C$8.1mln strategic investment from mining titan Goldcorp Inc (NYSE:GG).

Mawson arranged a private placing in which Goldcorp will subscribe for 18mln units at a price of 45 cents each.

"We are very pleased to welcome Goldcorp as a strategic shareholder. With the support of both Goldcorp and our existing shareholders we will continue to aggressively explore our district-scale Rajapalot-Rompas gold project which represents one of Finland's most significant gold discoveries, the company said.

What is the history?

Rajapalot is a grassroots discovery made by Mawson in mid 2012. Before that it was unknown and had never been sampled.

The thinking is that this could be a camp-scale discovery, given that gold and uranium have been found within an area approaching 10 kilometres by 10 kilometres.

The boss..

Chief executive Michael Hudson started out at Broken Hill, one of the most famous of all Australian mining projects. He then went on to work up exploration projects in Australia, Peru, Argentina, Mexico, Sweden, Finland, Spain and Portugal.

He was a founder of Flinders (CSE:FDR), of Tasman Metals (CSE:TSM) and Tinka Resources (CSE:TK).

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Tue, 10 Apr 2018 13:51:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194676/mawson-resources-racing-along-with-drilling-progress-at-rajapalot-194676.html
<![CDATA[News - Mawson Resources finds more high grade gold at Rajapalot in northern Finland ]]> https://www.proactiveinvestors.com.au/companies/news/194638/mawson-resources-finds-more-high-grade-gold-at-rajapalot-in-northern-finland-194638.html Today's results come from nine holes and eight holes hit gold mineralization across five prospect areas, the group said.

"Mawson's dual aims for this winter's drill program were to systematically grid drill and extend known gold prospects, while also testing a dozen new semi-regional structural-stratigraphic targets," said Michael Hudson, chairman and chief executive at Mawson.

"Although still less than a quarter of drill core from the winter program has been assayed, the first part of this strategy is clearly delivering at Raja, with further high-grade mineralization discovered including 5.0 meters @ 12.4 g/t gold in PAL0118 lying 140 meters down-plunge from 10.9 meters at 21.0 g/t gold in PAL0093."

Hudson went on to say that the firm had drill discovered significant gold mineralization at five other prospects that were defined within Mawson's extensive geophysical, geochemical and geological datasets across the 12 sq km Rajapalot project.

"We are excited to have increased the mineralized footprints of each of these prospects, while receiving validation of the targeting methods developed by our technical team in the search for gold under thin glacial cover."

At Raja, gold mineralization now has a down-plunge extent of over 470 meters and remains open down plunge and partly across strike.

Another hole hit 7.7 meters at 1.5 g/t (grams per ton) gold from 256.6 meters within a broader mineralized zone of 40.3 meters at 0.8 g/t gold from 256.6 meters.

At the Ruari prospect, another hole hit 7.4 meters at 2.4 g/t gold from 15.6 meters to the north of a hole, which hit 56m at 0.53 g/t gold.

At Palokas, a hole hit 4.7 meters at 2.5 g/t gold from 37.6 meters, the company said.

This hole was drilled at the southern margin of the Palokas prospect and extends mineralization 30 meters further south towards South Palokas.

Drilling at the Terry's Hammer prospect hit 4.7m at 2.1 g/t gold from 65.7 meters in one hole, which was the first large diameter drill test of an anomaly comprising gold-bearing sulphidic rocks, said Mawson.

This hole opens up the potential of a new area between South Palokas and Rumajärvi.

Lastly, at the Hut prospect, a similar anomaly was targeted, and the first hole into this target intersected gold-bearing sulphides (0.8 meters at 0.6 g/t gold) before the hole was abandoned at 8.9 meters.

In all, 59 holes have now been drilled during the winter program for a total of 13,079 meters of diamond drill core.

Shares added 2.78% to C$0.37. 

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Tue, 10 Apr 2018 08:49:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194638/mawson-resources-finds-more-high-grade-gold-at-rajapalot-in-northern-finland-194638.html
<![CDATA[News - Mawson Resources says Rajapalot drill programme on track to complete 15,000 metres this winter ]]> https://www.proactiveinvestors.com.au/companies/news/193730/mawson-resources-says-rajapalot-drill-programme-on-track-to-complete-15000-metres-this-winter-193730.html Mawson Resources Ltd (TSX:MAW) said that although it had to complete drilling at the Kairamaat 2-3 permit a few weeks earlier than anticipated, its 100%-owned Rajapalot gold drill programme is on track to complete 15,000 metres this winter.

In an update on its drilling plans at Rajapalot in Finland, Michael Hudson, chairman and chief executive officer, said: “Owing to a complicated Finnish administrative system, we have had to complete drilling at Kairamaat 2-3 permit a few weeks earlier than anticipated.

READ: Mawson Resources beefs up drilling at Rajapalot with a fifth rig

Winter drilling on snow cover is only permitted within the Kairamaat 2-3 area.

The next steps are to work with all authorities over the coming months to ensure drilling can continue in the Kairamaat 2-3 next winter.

Hudson said three drill rigs continue to drill 24/seven in the fully permitted Hirvimaa and Raja exploration permits and infill base-of-till drilling is planned at Rompas within the fully permitted Mannisto exploration permit areas (4,213 hectares in total) while winter conditions prevail.

He said 44 diamond drill holes for 9,838 metres have already been completed at the Kairamaat 2-3 exploration permit area (1,462 hectares) this winter, which is part of Mawson's regional 16,256-hectare land package in Finland. 

The results are pending for 39 drill holes and as such, Hudson said the news flow "will continue for the coming months."

Hudson added: “Our challenge is to now search for extensions of the mineralised system north of Palokas and to the east of Raja prospects and build up further targets for ongoing summer drilling."

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Fri, 23 Mar 2018 11:56:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193730/mawson-resources-says-rajapalot-drill-programme-on-track-to-complete-15000-metres-this-winter-193730.html
<![CDATA[News - Mawson Resources beefs up drilling at Rajapalot with a fifth rig ]]> https://www.proactiveinvestors.com.au/companies/news/193396/mawson-resources-beefs-up-drilling-at-rajapalot-with-a-fifth-rig-193396.html Mawson Resources Ltd (CVE:MAW) has moved another rig to the Rajapalot gold project in northern Finland in the light of successful drill results there.

The firm said 39 holes have now been completed or are in progress for a total of 8,900 metres of diamond drill core.

Results from the first five drill holes as reported earlier this month were highly encouraging, the firm said, with PAL0093 intersecting 31.7 metres ay 8.4 g/t gold from 244.1 metres among the highlights.

"With the excellent results achieved in our first five holes, and many high priority targets to test, we have elected to further increase our rig capacity at Rajapalot," said Michael Hudson, chairman and chief executive.

"With up to six weeks of the Finnish winter drill season remaining, and many holes already awaiting assays, we anticipate many months of discovery and news flow from this exciting program."

Drilling at Rajapalot is focused on expanding the size of the known gold prospects - Raja, Palokas, South Palokas and Terry's Hammer - along with testing of 12 semi-regional targets.

In the annual Fraser Institute survey announced last month, Finland was recognised as the top jurisdiction in the world for exploration/mining and investment attractiveness.

A fifth diamond drill rig has now been mobilized to site with all rigs operating 24/7, the group said.

Mawson Resources shares closed Friday in Toronto at C$0.48.

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Mon, 19 Mar 2018 09:55:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193396/mawson-resources-beefs-up-drilling-at-rajapalot-with-a-fifth-rig-193396.html
<![CDATA[News - Mawson Resources drills “best hole” so far at Rajapalot gold project ]]> https://www.proactiveinvestors.com.au/companies/news/192553/mawson-resources-drills-best-hole-so-far-at-rajapalot-gold-project-192553.html MAWSON RESOURCES LTD (TSE:MAW) has told investors it has made a “great start” to the winter drilling programme at its Rajapalot gold project in northern Finland.

Drilling has so far focused on expanding the size of the known gold projects – Raja, Palokas, South Palokas and Terry’s Hammer.

Results from the first five drill holes have now been received and one of them, PAL0093 at Raja, intersected 31.7 meters at 8.4 grams per ton (g/t) of gold (Au) at 244.1m. That includes 10.9m at 21.0 g/t AU from 252.2m.

That’s the highest-grade interval drilled to date at Rajapalot, Mawson said.

At the South Palokas Prospect, about 1km northwest of Raja, hole PAL0091 intersected 9.9m at 2.5 g/t Au from 145.9m.

“This is a great start to our winter campaign, delivering the best hole drilled at Rajapalot to date,” said chairman and chief executive Michael Hudson.

“The grade x thickness interval in drill hole PAL00093 puts Rajapalot in a league with some the best exploration projects discovered globally over the past 6 months.”

Results are still pending from the other 16 holes drilled so far, while drilling with three rigs continues around the clock. Mawson said additional rigs are to be added over the coming weeks.

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Fri, 02 Mar 2018 15:18:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192553/mawson-resources-drills-best-hole-so-far-at-rajapalot-gold-project-192553.html
<![CDATA[News - Mawson Resources nudges higher as it completes 90 line km magnetic survey at Rajapalot ]]> https://www.proactiveinvestors.com.au/companies/news/192206/mawson-resources-nudges-higher-as-it-completes-90-line-km-magnetic-survey-at-rajapalot-192206.html Shares in Finnish gold explorer Mawson Resources Ltd (TSX:MAW) nudged higher in Toronto as the group unveiled positive findings from an infill ground magnetic survey at the Rajapalot gold project in Finland.

In all, 90 line kilometres of infill ground magnetic data was collected at 25 metre line spacing.

The firm also told investors today that drilling continues with three diamond drill rigs operating around the clock. Initial drill results will be released during the first week of March.

"With more than 60 people working at site and initial drill results imminent, we are excited to see that detailed ground magnetic data demonstrates both continuity of the host horizons and structural control on gold mineralisation," said Michael Hudson, chairman and chief executive.

"As the gold at Rajapalot is commonly associated with both pyrrhotite and magnetite, ground magnetics is a valuable tool to directly map gold-bearing host rocks under the thin glacial soil that covers 99% of the area.

"We look forward to testing more targets with the many diamond drill rigs currently on site."

The firm said 16 diamond holes from 12 pads have been completed in 2018 and are currently being logged for geotechnical, geological and geophysical parameters.

The rigs are currently at the Raja prospect, which saw drill results in 2017 of 8.8 metres at 7.5 g/t gold from 82.2 metres, South Palokas prospect, where 8.4 metres at 4.2 g/t gold from 206.0 metres was found.

The first batches of samples have now been submitted for assay, and Mawson looks forward to beginning to report assays in the first week of March, it said.

Shares added 1.72% to C$0.59.

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Mon, 26 Feb 2018 11:35:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192206/mawson-resources-nudges-higher-as-it-completes-90-line-km-magnetic-survey-at-rajapalot-192206.html
<![CDATA[News - Mawson Resources surges as it's poised for C$8.1mln investment from major Goldcorp ]]> https://www.proactiveinvestors.com.au/companies/news/191315/mawson-resources-surges-as-it-s-poised-for-c81mln-investment-from-major-goldcorp-191315.html Finland gold explorer Mawson Resources Ltd (TSX:MAW) is set for a C$8.1mln strategic investment from mining titan Goldcorp Inc (NYSE:GG).

The former has arranged a private placing in which Goldcorp will subscribe for 18mln units at a price of 45 cents each.

READ: Mawson Resources kicks off winter drilling work at Rajapalot gold project

Macquarie Capital Markets is acting as financial adviser to Mawson and will receive an advisory fee.

"We are very pleased to welcome Goldcorp as a strategic shareholder. With the support of both Goldcorp and our existing shareholders we will continue to aggressively explore our district-scale Rajapalot-Rompas gold project which represents one of Finland's most significant gold discoveries."

Each unit consists of one share and one-half a purchase warrant.

Each warrant is exercisable to acquire one further share at 65 cents each for two years.

Due to the exercise of pre-existing participation rights by certain existing shareholders, it is expected that up to a further 1mln units will be issued at the price for further gross proceeds of up to $450,000.

On completion of the placing, the firm and Goldcorp will enter an investor rights agreement where, for as long as Goldcorp holds 7.5%, or greater of outstanding shares, Goldcorp will have certain rights, including that it has the right to take part in any future equity financings by Mawson.

READ: Mawson Resources has Kairamaat 2-3 exploration permit at Rajapalot renewed

Last month, Mawson told investors it had started its 2018 winter diamond drilling program in northern Finland. A 15,000-metre drill programme is planned for the Rajapalot gold project aimed in part to provide a maiden resource, while a 900-hole base-of-till drill (BOT) program is now underway at the nearby Rompas site.

"Following the success of our diamond drilling at Rajapalot last winter, our Finnish team is excited to start the 2018 drill season with a large programme testing both new and existing gold targets," Michael Hudson, the chief executive, had said.

"We will be drilling more than a dozen new targets defined within our extensive geophysical, geochemical and geological datasets, while also expanding multiple known prospects where thick, high-grade gold intersections have already been discovered."

Shares in Mawson raced up al most 21% to C$0.52.

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Wed, 07 Feb 2018 09:22:00 +1100 https://www.proactiveinvestors.com.au/companies/news/191315/mawson-resources-surges-as-it-s-poised-for-c81mln-investment-from-major-goldcorp-191315.html
<![CDATA[News - Mawson Resources kicks off winter drilling work at Rajapalot gold project ]]> https://www.proactiveinvestors.com.au/companies/news/190859/mawson-resources-kicks-off-winter-drilling-work-at-rajapalot-gold-project-190859.html Shares in Mawson Resources Ltd (TSX:MAW) nudged higher as it told investors it had started its 2018 winter diamond drilling programme in northern Finland.

A 15,000-metre drill programme is planned for  the Rajapalot gold project aimed in part to provide a maiden resource, while a 900-hole base-of-till drill (BOT) program is now underway at the  nearby Rompas site.

"Following the success of our diamond drilling at Rajapalot last winter, our Finnish team is excited to start the 2018 drill season with a large programme testing both new and existing gold targets," said Michael Hudson, the chief executive.

"We will be drilling more than a dozen new targets defined within our extensive geophysical, geochemical and geological datasets, while also expanding multiple known prospects where thick, high-grade gold intersections have already been discovered."

Three diamond drill rigs have been sent to Rajapalot project for the work.

Approximately half of the diamond drilling programme is planned to increase the size of known gold prospects, with an aim to define a maiden resource, while the second half of the programme will test more than a dozen semi-regional structural  targets

Meanwhile, eight diamond drill holes totalling 1,474 metres have been completed at East Rompas.

Assays from the first five holes show low tenor gold anomalism and locally nuggety visible gold in drill core.

Mawson shares added 1.09% in Toronto to C$0.46.

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Tue, 30 Jan 2018 16:27:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190859/mawson-resources-kicks-off-winter-drilling-work-at-rajapalot-gold-project-190859.html
<![CDATA[News - Mawson Resources has Kairamaat 2-3 exploration permit at Rajapalot renewed ]]> https://www.proactiveinvestors.com.au/companies/news/190110/mawson-resources-has-kairamaat-2-3-exploration-permit-at-rajapalot-renewed-190110.html Mawson Resources Ltd (TSX:MAW) said it has had its Kairamaat 2-3 exploration permit, part of its Rajapalot project in Finland, renewed, firing the starting gun on winter diamond drilling.

The permit was renewed by the Finnish mining authority TUKES, on January 12 this year.

READ: Mawson Resources shares soar 20% as it finds more high grade gold at East Rompas

The whole 1,462 hectare (ha) exploration permit has been renewed for a further two years, according to specific environmental assessments performed by Mawson.

The permit includes, but is not limited to, diamond drilling from 128 sites during the winter, plus diamond drilling from 12 sites during the summer, using a hand portable, air-liftable or rubber-tracked vehicle with maximum weight of 7500kg.

"Mawson has again worked closely with all Finnish mining and environmental authorities to assess and plan our work programs to ensure minimal disturbance within biodiversity areas," said Michael Hudson, the chairman and chief executive.

"We understand the responsibility granted to us by this decision, and will ensure our work is completed according to global best practices.

"Drill rigs will mobilize to Rajapalot over the next week once ice tracks are prepared. Diamond drilling continues at East Rompas, 8 kilometers to the west."

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Tue, 16 Jan 2018 09:04:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190110/mawson-resources-has-kairamaat-2-3-exploration-permit-at-rajapalot-renewed-190110.html
<![CDATA[News - Mawson Resources shares soar 20% as it finds more high grade gold at East Rompas ]]> https://www.proactiveinvestors.com.au/companies/news/189683/mawson-resources-shares-soar-20-as-it-finds-more-high-grade-gold-at-east-rompas-189683.html Shares in Mawson Resources Ltd (TSX:MAW) soared on Monday as it posted further highly encouraging exploration results from the newly discovered East Rompas prospect in Finland.

The project is part of the resource firm's Rompas-Rajapalot project, 500 metres east of the 6km long  Rompas high grade gold vein system.

The firm said that the strike continuity of two high-grade gold-bearing zones  was confirmed by recent sampling to be more than 700 metres, within a mineralized trend over 1.2km in strike.

Highlights from outcrop and mini-drill and diamond sawn samples included 283 g/t (grams per ton) gold in a 0.2m channel sample.

There was also 42.2 g/t (grams per ton) gold  in a 0.7m channel sample, and  45.4 g/t gold in a mini-drill grab sample.

Previous results from the prospect include 2,375 grams per tonne gold; 1,284 g/t gold; 642 g/t gold and 216 g/t gold.

"East Rompas is an exciting new discovery by the Mawson team, with the strike length of the two semi-parallel mineralized zones now exceeding 700 metres," said Michael Hudson, chairman and chief executive of Mawson Resources.

"These new results increase the continuity of the zones and also include the identification of a new low sulphide, high gold-tellurium-bismuth association.

"Drilling to test the East Rompas mineralized trend is now back under way after a break for the holidays and we look forward to first results from this exciting new discovery."

East Rompas lies around 500 metres east of the 6km long Rompas high-grade vein system where drill results include six metres at 617 g/t (grams per ton) in one hole.

Geological mapping, sampling,  geophysics and drill planning are now complete and diamond drilling, which started in mid-December last year is continuing.

Mawson shares in Toronto surged over 20% to stand at C$0.56 each.

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Mon, 08 Jan 2018 14:44:00 +1100 https://www.proactiveinvestors.com.au/companies/news/189683/mawson-resources-shares-soar-20-as-it-finds-more-high-grade-gold-at-east-rompas-189683.html
<![CDATA[News - Mawson Resources launches start of winter diamond drilling at Rompas-Rajapalot gold project ]]> https://www.proactiveinvestors.com.au/companies/news/188751/mawson-resources-launches-start-of-winter-diamond-drilling-at-rompas-rajapalot-gold-project-188751.html Mawson Resources Ltd (TSX:MAW) has kicked off its winter diamond drilling programme at its 100% owned Rompas-Rajapalot gold project in Finland.

In a statement on Wednesday, the company said 15,000 drill metres are planned from December, 2017, to April, 2018.

READ: Mawson Resources set for C$5mln placing

One diamond drill rig has been mobilized to East Rompas with 2,000 metres to be drilled through to mid-January and further drill rigs will be mobilized to Hirvimaa and Rajapalot from mid- to late January, 2018.

Michael Hudson, chief executive officer, said: "We are not wasting any time, with a drill rig already on site to begin the company's largest ever drill program in Finland.

“We are particularly excited to begin drilling at our new East Rompas project, where exceptionally high-grade gold has been discovered in outcrop and mini-drill sampling including 2,375 grams per tonne gold; 1,284 g/t gold; 642 g/t gold and 216 g/t gold.

“We will add additional drill rigs in the new year, to test a range of high-priority targets."

The 15,000-metre winter program plans to both extend known gold mineralization and test new exploration targets.

READ: Mawson Resources hails 'East Rompas' as exciting new discovery ahead of drilling

Drilling at known gold areas near Palokas, Palokas South, South Rajapalot and Raja shall follow up on previous gold mineralized intersections, with an aim to define maiden resources.

At East Rompas, Hirvimaa and Rajapalot, new exploration targets with extensive surface data shall be tested. In addition, fast and cost-effective grid base-of-till drilling will be used to discover and test targets along a 20-kilometre strike extent of the new East Rompas high-grade gold prospect.

To date a total of 30 grab samples (27 from outcrop) range from 0.1 g/t gold to 2,375 g/t gold, with an average grade of 201.1 g/t gold and a median of 0.82 g/t gold.

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Wed, 13 Dec 2017 10:27:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188751/mawson-resources-launches-start-of-winter-diamond-drilling-at-rompas-rajapalot-gold-project-188751.html
<![CDATA[News - Mawson Resources set for C$5mln placing ]]> https://www.proactiveinvestors.com.au/companies/news/187034/mawson-resources-set-for-c5mln-placing-187034.html Mawson Resources Ltd (TSX:MAW)  is set to raise up to around C$5mln in a placing to be used for exploration, mainly in Finland.

The funds will also be used for working capital and general corporate purposes.

Broker Haywood Securities will be lead agent on behalf of a syndicate of agents including Canaccord Genuity, Red Cloud Klondike Strike and Eight Capital.

The offering will see up to 14.286mln units issued at 35 cents a pop, for gross proceeds of up to $5,000,100.

Each unit will consist of one share and one-half of a share purchase warrant, which will entitle the holder to acquire one  share at a price of C$0.50 for 24 months from closing.

The agents have also been given an over-allotment option.

If this option is exercised in full, an additional C$750,015 will be raised and total proceeds will be C$5,750,115.

The offer is expected to close on or around December 6 this year.

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Thu, 09 Nov 2017 10:31:00 +1100 https://www.proactiveinvestors.com.au/companies/news/187034/mawson-resources-set-for-c5mln-placing-187034.html
<![CDATA[News - Mawson Resources hails 'East Rompas' as exciting new discovery ahead of drilling ]]> https://www.proactiveinvestors.com.au/companies/news/186047/mawson-resources-hails-east-rompas-as-exciting-new-discovery-ahead-of-drilling-186047.html Mawson Resources Ltd (TSX:MAW)  shares shot up as it released more details of its new gold discovery - East Rompas - in Finland ahead of drilling expected to start in early December.

The prospect lies within the group's 100% owned Rompas-Rajapalot project, 500 metres east of the 6km long Rompas high-grade gold vein system.

READ THE BIC PIC - Mawson Resources poised for more drilling as it continues to find gold at Rompas- Rajapalot READ - Mawson Resources shares boosted by new gold trend east of Rompas as it plans drilling

Sixty samples  have now been reported, taken from surface outcrops and boulders at East Rompas along a 750 metre trend.

In total, 21 outcrop samples assayed greater than 0.1 g/t (grams per ton) gold,  and highlight assays from outcrop and mini-drill sampling include 2,375 g/t gold,  1,284 g/t gold; 642 g/t gold and 216 g/t gold.

"East Rompas is an exciting new discovery by the Mawson team, with the mineralized footprint now expanded to two semi-parallel zones over 750 metres of strike," said Michael Hudson, the chairman and chief executive.

"Finding visible, high-grade gold at surface, in outcrop is rare, and the significance of discovering multiple outcrops with grades up to 2,375 g/t gold cannot be under-estimated.

"We are highly encouraged by the presence of gold in structural fabrics and the association with silicate and sulphidic alteration, that may indicate potential for disseminated gold mineralization.

"Geophysical crews are working at site and with the area fully permitted we plan to be drilling in early December."

The area is fully permitted for diamond drilling and is located outside Natura 2000 areas, within the recently permitted Mannisto exploration permit.

Geological mapping of the East Rompas prospect continues, accompanied by additional ground magnetics at 25 metre spacing and VLF-R at 50 metre spacing.

Shares surged over 30% in Toronto at C$0.42.

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Mon, 23 Oct 2017 10:39:00 +1100 https://www.proactiveinvestors.com.au/companies/news/186047/mawson-resources-hails-east-rompas-as-exciting-new-discovery-ahead-of-drilling-186047.html
<![CDATA[News - Mawson Resources poised for more drilling after bonanza gold grades at Rompas East ]]> https://www.proactiveinvestors.com.au/companies/news/185826/mawson-resources-poised-for-more-drilling-after-bonanza-gold-grades-at-rompas-east-185826.html It's been a busy and informative period for Finnish Lapland focused gold explorer Mawson Resources Ltd (CSE:MAW), which hopes to get the drill bit turning again shortly.

Notably, it's discovered a new high grade gold trend 500 metres east of its Rompas prospect, where drilling is now planned for November and December this year.

In total, 21 samples at Rompas East assayed greater than 0.1 g/t (grams per ton) gold,  and highlight assays from outcrop and mini-drill sampling include 2,375 g/t gold,  1,284 g/t gold, 642 g/t gold and 216 g/t gold.

"East Rompas is an exciting new discovery by the Mawson team, with the mineralized footprint now expanded to two semi-parallel zones over 750 metres of strike," Michael Hudson, chairman and chief executive, recently told investors.

The resource group is also planning a large winter drill program, depending on access, at Rajapalot, 8 kilometres east, beginning in January next year.

And in August, it was granted its Mannisto permit, which spans 2,123 hectares of Rompas/Rajapalot within the larger 16,162-hectare area of permits and applications.

Also, a geological review of nine prospects at the Rajapalot project has underscored that area's prospectivity.

A total of 160 boulders and outcrops (within the nine areas) with more than 0.1 g/t gold have been discovered within a 4km by 3km area. Gold grades range from 0.1 g/t gold to 3,870 g/t gold, with an average of 74.9 g/t gold and median of 0.71 g/t gold.

The sources of six of the nine gold bearing fields has not yet been discovered, but the sources of three  have been found by drilling over the last 18 months - at Palokas, Raja and South Palokas.

WATCH - Mawson Resources seeing 'great results' from drilling at Rompas-Rajapalot What are the assets?

The Rajapalot and Rompas exploration projects are Mawson’s flagship properties in Finnish Lapland. Both disseminated and nuggetty high-grade gold has been discovered within a 10 square kilometer (sq km) area.

 It also has two claims covering 2,416 hectares, which are prospective for gold.

The plan...

The thinking is that this could be a camp-scale discovery, given that gold and uranium have been found within an area approaching 10 kilometres by 10 kilometres.

It’s intriguing stuff, and hardly surprising that the company keeps coming back round for further investigations, or that it keeps getting the financing to do so.

But one of the caption headings on Mawson’s website describes the company as a “team of orefinders with years of capital markets experience.” The message is that the Mawson team has delivered before and fully intends to do so again.

Chief executive Michael Hudson started out at Broken Hill, one of the most famous of all Australian mining projects. He then went on to work up exploration projects in Australia, Peru, Argentina, Mexico, Sweden, Finland, Spain and Portugal. He was a founder of Flinders (CSE:FDR), of Tasman Metals (CSE:TSM) and Tinka Resources (CSE:TK).

Fellow director David Henstridge also boasts many years of varied experience in mining and mining finance, while Sandinavian exploration manager Erkki Vanhanen has spent 15 years in the field in project generation. He’s spent time with Areva, and with the widely respected Finnish Geological Survey.

What  the boss said..

"It gets geologists excited. It's very hard to find high grades at surface in good jurisdictions. This is a big system - multi-phase - and has some good analogues to known systems around the world. It will take time to develop,"  Hudson told Proactive in May.

Shares are now at C$0.61, up almost 11% on the day,  having  started 2017 at C$0.38.

What the broker said..

Eight Capital repeated a 'buy' rating with no target price after the East Rompas announcement.

The company is budgeting roughly $6mln for the exploration program and should begin diamond drilling in December 2017, it noted.

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Wed, 18 Oct 2017 09:53:00 +1100 https://www.proactiveinvestors.com.au/companies/news/185826/mawson-resources-poised-for-more-drilling-after-bonanza-gold-grades-at-rompas-east-185826.html
<![CDATA[News - Mawson Resources shares boosted by new gold trend east of Rompas as it plans drilling ]]> https://www.proactiveinvestors.com.au/companies/news/185450/mawson-resources-shares-boosted-by-new-gold-trend-east-of-rompas-as-it-plans-drilling-185450.html Mawson Resources Ltd (TSX:MAW) saw shares advance as it revealed it had discovered a new high grade gold trend 500 metres east of the Rompas prospect.

The outcrops were found during fieldwork in the summer and 50 samples were collected from which the grades ranged from more than 0.05 g/t gold to 851 g/t (grams per ton) gold, with an average of 21.6 g/t gold.

READ - Mawson Resources underscores Rajapalot's prospectivity with review READ - Mawson Resources poised to restart drilling at Rompas prospect after it's granted Mannisto permit

The prospect is part of its key  Rompas- Rajapalot project in Finland and diamond drilling is now planned for this new area in November to December this year

"The under-explored greenstone belts of Northern Finland present one of the most exciting global gold exploration opportunities of recent years, and Mawson's long experience in the region is paying dividends," said Mr Hudson, Mawson's chairman and chief executive.

"The discovery is a credit to our increased geological understanding of the project, as well as the gold prospectivity of our large, district-scale, 100 square-kilometre mineral system under Mawson's tenure.

"Although this is early days at East Rompas, we are encouraged by the grade, style and strike length of the discovery.

"With new gold discoveries in outcrop and permits already in place, we can quickly move to drill testing this new discovery area while we plan for a large winter drill program at Rajapalot, located 8 kilometres east, commencing in January, 2018."

The gold mineralization in these newly discovered outcrops is hydrothermal, fracture-controlled and shows similar geology to the Joki discovery at Rajapalot.

The area is fully permitted for drilling within the recently permitted Mannisto exploration area.

Mawson shares added 4.84% in Toronto to C$0.325.

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Wed, 11 Oct 2017 11:18:00 +1100 https://www.proactiveinvestors.com.au/companies/news/185450/mawson-resources-shares-boosted-by-new-gold-trend-east-of-rompas-as-it-plans-drilling-185450.html
<![CDATA[News - Mawson Resources underscores Rajapalot's prospectivity with review ]]> https://www.proactiveinvestors.com.au/companies/news/183482/mawson-resources-underscores-rajapalot-s-prospectivity-with-review-183482.html Mawson Resources Ltd (TSX:MAW) has underscored the prospectivity of its Rajapalot gold project in Finland with a geological review of nine prospect areas.

A total of 160 boulders and outcrops (within the nine areas) with more than 0.1 g/t gold have been discovered within a 4km by 3km area at Rajapalot.

READ - Mawson Resources poised to restart drilling at Rompas prospect after it's granted Mannisto permit READ - Mawson Resources shares boosted by successful winter drill results in Finland

The gold grades range from 0.1 g/t gold to 3,870 g/t gold, with an average of 74.9 g/t gold and median of 0.71 g/t gold, the firm said.

The sources of six of the nine gold bearing fields has not yet been discovered, while the sources of three  have been found by drilling over the last 18 months - at Palokas, Raja and South Palokas.

Highlight intercepts included 10 metres at 11.6 g/t (grams per ton) gold from 110.2 metres, and 8.4 metres at 4.2 g/t gold from 206.0 metres.

"With more than 99% of the gold prospective area at Rajapalot covered with a thin layer of glacial soil, tracing the source of boulders remains a key to further discoveries, said Mr Hudson, the chairman and chief executive of Mawson.

"The frequency of boulder discovery at Rajapalot over at least 12 sq km is impressive. Our field teams are regularly making new finds, including the exciting Palokas-style mineralized boulders at Hirvimaa, that present immediate drill targets.

"The bedrock source of only three of nine boulder fields are known to date, with all nine still providing excellent discovery opportunities."

Hudson added: "Further discoveries at Rajapalot will come through rigorous exploration practices and a commitment to drilling.

"Given the high success rate of drilling during the last winter program where 28% of drill holes (39 out of a total of 137) recorded greater than 5 g/t-m intersections, we are looking forward to our upcoming programs."

Winter drilling in 2017 and 2018 will focus on delineating additional gold mineralization in prospects already identified by drilling, and follow-up of boulder fields where the primary source of mineralization remains to be discovered, the company added.

Mawson shares in Toronto eased over 3% to C$0.32.

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Tue, 05 Sep 2017 12:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/183482/mawson-resources-underscores-rajapalot-s-prospectivity-with-review-183482.html
<![CDATA[News - Mawson Resources poised to restart drilling at Rompas prospect after it's granted Mannisto permit ]]> https://www.proactiveinvestors.com.au/companies/news/183186/mawson-resources-poised-to-restart-drilling-at-rompas-prospect-after-it-s-granted-mannisto-permit-183186.html Mawson Resources Ltd (TSX:MAW) is poised to start drilling at the Rompas prospect of its key Rompas- Rajapalot gold project after it was granted another exploration permit.

The Mannisto permit spans 2,123 hectares at the project in northern Finland within the larger 16,162-hectare area of permits and applications.

It includes both the Rompas high-grade nuggety gold mineralization and areas, which are prospective for Rajapalot-style disseminated gold, the firm said.

It brings to an end a four-year hiatus on drilling at Rompas.

Field mapping, prospecting and surveys at Mannisto have been completed over the last two months, which has defined a Rajapalot-style target horizon extending for 2.5 kilometres along strike.

"The Rompas prospect is central to Mawson's ongoing investment in gold exploration in northern Finland, being the site where our team drilled the country's richest-ever gold intersection of six metres at 617 g/t gold in 2012," Michael Hudson, chairman and chief executive, told investors.

"Our recent work at Rajapalot, where an extensive area of gold disseminated mineralization has been discovered, has shown the Rajapalot style of mineralization lies stratigraphically adjacent to the Rompas host rocks, in an area of very limited outcrop and no prior drilling.

"Drilling close to high-grade gold is always exciting for an exploration team, and we look forward to sharing the results of this highly anticipated RC drill program."

Mawson revealed that a reverse circulation (RC) drill rig had now been moved to the site and  20 shallow holes (five to 10 metres) will be drilled through thin glacial soil to bedrock along three lines.

Targets identified will immediately be followed up with diamond drilling.

A significant drilling program will resume at Rajapalot in late 2017/early 2018 when winter conditions allow access, Mawson added.

Shares added 7.94% to C$0.34 in Toronto.

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Wed, 30 Aug 2017 11:24:00 +1000 https://www.proactiveinvestors.com.au/companies/news/183186/mawson-resources-poised-to-restart-drilling-at-rompas-prospect-after-it-s-granted-mannisto-permit-183186.html
<![CDATA[News - Mawson Resources shares boosted by successful winter drill results in Finland ]]> https://www.proactiveinvestors.com.au/companies/news/180400/mawson-resources-shares-boosted-by-successful-winter-drill-results-in-finland-180400.html  

Mawson Resources Ltd (TSX:MAW) said after a successful winter drill program, which confirmed a gold system, planning was now underway for the next program starting later this year or early next.

Shares in the mining group added 8.82% in Toronto at $0.37.

Summarising the findings from the Rajapalot project in northern Finland, the group said 55 diamond drill holes for 11,056 metres and 1,801 base-of-till (BOT) drill holes were completed.

Mike Hudson, chairman and chief executive, said: "The winter drill program confirmed the presence of a large, gold-mineralized hydrothermal system at Rompas-Rajapalot, delivering one of Finland's most significant gold discoveries.

"The high hit rate of gold over regional-scale areas, the discovery of multiple high grade mineralized bodies and an extensive gold-footprint provided by BOT drilling, all in the first year of systematic, yet regional scale drill testing is impressive."

The key takeaways are that drilling confirmed the presence of a large gold-mineralized hydrothermal system within a 4.5 sq km area.

But that tested only 5% of the 27km strike of the interpreted host sequence in the Rajapalot area.

In addition, significantly 28% of the drill holes recorded greater than 5 g/t  (grams per ton)- metre intersections, while 42% drilled in the Rajapalot project hit significant gold, greater than 1g/t- metre.

The total average drill depth on the project remains shallow at 109 metres.

Highlight assays included 10 metres at 11.6 g/t gold from 110.2 metres, and 2.9 metres at 1 g/t gold from 135.7 metres.

There was also 3m at 5.3 g/t gold from 143.9 metres at the Palokas prospect.

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Wed, 05 Jul 2017 11:32:00 +1000 https://www.proactiveinvestors.com.au/companies/news/180400/mawson-resources-shares-boosted-by-successful-winter-drill-results-in-finland-180400.html
<![CDATA[News - Mawson Resources welcomes experienced executive as director to leverage growth ]]> https://www.proactiveinvestors.com.au/companies/news/179247/mawson-resources-welcomes-experienced-executive-as-director-to-leverage-growth-179247.html Mawson Resources Ltd (TSE:MAW) has welcomed experienced mining sector and finance executive Philip Williams to its board of directors with immediate effect to grow the business.

His CV includes roles in corporate development, sell-side research, in fund management and most recently in investment banking focused on metals and mining.

Michael Hudson, Mawson's chairman and chief executive, said: "Having known and worked with Phil over many years in his earlier roles, I am delighted to welcome him to the Mawson Board.

"Mawson will benefit from Phil's analytic and strategic skills and his long and respected experience in the Canadian and US capital markets.

"Phil's demonstrated track record will aid the company to grow further, by leveraging its current exploration success in Finland."

In late 2008, Williams joined Pinetree Capital, a natural resource focused investment fund, as VP business development.

In 2012, he joined Dundee Capital Markets (now Eight Capital) in the investment banking group.

As a Managing Director, he successfully completed equity financings across a wide range of commodities and was a named advisor on multiple M&A transactions, Mawson told investors.

Last month, Mawson said it had discovered a new zone of gold at shallow depth at its Raja prospect that was open with a strike length of at least 200 metres.

The discovery came from a programme of ten additional diamond drill holes drilled this winter at Rajapalot in Northern Finland.

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Wed, 14 Jun 2017 09:38:00 +1000 https://www.proactiveinvestors.com.au/companies/news/179247/mawson-resources-welcomes-experienced-executive-as-director-to-leverage-growth-179247.html
<![CDATA[Media files - Mawson Resources seeing 'great results' from drilling at Rompas-Rajapalot ]]> https://www.proactiveinvestors.com.au/companies/stocktube/7431/mawson-resources-seeing-great-results-from-drilling-at-rompas-rajapalot-7431.html Wed, 10 May 2017 11:28:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/7431/mawson-resources-seeing-great-results-from-drilling-at-rompas-rajapalot-7431.html <![CDATA[News - Mawson Resources unearths new gold zone at Rajapalot in Finland ]]> https://www.proactiveinvestors.com.au/companies/news/177171/mawson-resources-unearths-new-gold-zone-at-rajapalot-in-finland-177171.html Mawson Resources Ltd (TSX:MAW) has discovered  a new zone of gold at shallow depth at the Raja prospect that is open with a strike length of at least 200 metres.

The discovery comes from a programme of ten additional diamond drill holes drilled this winter at Rajapalot in Northern Finland.

READ - Mawson Resources rushes in geophysical team to Rajapalot READ - Mawson Resources' latest assays show large gold system emerging at Rajapalot

Raja lies 1.75 kilometres from another target, Palokas, and is the easternmost prospect tested to date in the Rajapalot area.

Best results included 27m at 3.3 g/t gold from 64.0 metres including some high grade zones.

A second hole 200m to the north of PAL0075 intersected 13.5 metres at 4.0 ppm gold from 180 metres

Michael Hudson, chief executive, said: "A blind discovery of this grade and thickness made in multiple drill holes, 1.75 kilometres from Palokas is a significant result for the Rajapalot project.

“By applying our understanding on the controls on mineralization, we are now successfully intersecting multiple high-grade gold mineralized zones under the thin glacial soil cover. This first systematic season of drill testing has proven the scale of the system, and is defining a wide range of exciting targets.

“With approximately 50% of assays still to come from the winter program, we look forward to substantial further news flow." 

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Tue, 02 May 2017 15:21:00 +1000 https://www.proactiveinvestors.com.au/companies/news/177171/mawson-resources-unearths-new-gold-zone-at-rajapalot-in-finland-177171.html
<![CDATA[News - Mawson Resources rushes in geophysical team to Rajapalot ]]> https://www.proactiveinvestors.com.au/companies/news/176812/mawson-resources-rushes-in-geophysical-team-to-rajapalot-176812.html Mawson Resources Ltd (TSE:MAW) has mobilized a geophysical survey contractor at its wholly-owned Rajapalot project in northern Finland.

Mawson, which already has two diamond drilling rigs operating round the clock on site, said the survey contractor would extend the ground magnetic data coverage at Rajapalot.

The move follows a successful winter drilling campaign that saw the discovery of gold mineralizaton well beyond the current limits of geophysical coverage.

READ an overview of the Rompas-Rajapalot project in Finland

The plan is to do 105 kilometre-long lines of ground magnetics at 50 metres spacing.

The planned ground magnetic survey will cover the newly discovered area of potassic-iron-sulphide alteration announced on 6 March.

Line spacing for the new survey will be 50 metre (m) at Rajapalot, and 10 metre infill at Palokas.

To date, drilling has defined a zone that extends for 1,200m along strike and 400m in width that remains open. Further mineralization of the same style was reported on 6 April.

"Our winter drilling program has significantly expanded the footprint of gold mineralization at Rajapalot, well beyond the area where we have detailed ground geophysical data,” said Michael Hudson, chairman and chief executive officer of Mawson.

“Owing to the association of pyrrhotite and magnetite with gold mineralization, ground magnetics is a valuable tool to map gold-bearing host rocks at Rajapalot under the thin glacial soil that covers 99% of the prospect area. While winter conditions persist, we have moved quickly to mobilize a geophysical team to site," Hudson added.

Shares in Mawson were off 1.3% at C$0.39 in early deals.

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Mon, 24 Apr 2017 10:22:00 +1000 https://www.proactiveinvestors.com.au/companies/news/176812/mawson-resources-rushes-in-geophysical-team-to-rajapalot-176812.html
<![CDATA[News - Mawson Resources' latest assays show large gold system emerging at Rajapalot ]]> https://www.proactiveinvestors.com.au/companies/news/176095/mawson-resources-latest-assays-show-large-gold-system-emerging-at-rajapalot-176095.html A 'large mineralized' gold system is emerging at the Rajapalot project in northern Finland, says explorer Mawson Resources Ltd (TSE:MAW, OTCMKTS:MWSNF).

Releasing assays from 13 diamond drill holes in its winter program, the firm said the previous mineralised zone had been "significantly extended".

Gold has now been discovered on the western, southern and eastern margins of the previous mineralization footprint.

READ - Mawson Resources wants Finnish gold address with drill campaign WATCH - Mawson Resources undervalued compared to peers, CEO says

Today's finds support the discovery of a new style of gold-bearing system, the firm added, which is characterised by an extensive area of potassic-iron-sulphide alteration.

Significantly, drilling has now defined a zone that extends for 1,200m along strike and 400m in width that remains open.

Among the highlights, hole PAL0048 was drilled 1.75 km southeast of the Palokas target and hit 6 metres at 2.0 g/t (grams per ton) gold from 53 metres and 13.7 metres at 2.0 g/t gold from 82 metres.

Meanwhile, the southernmost hole at Rajapalot hit 5 metres at 1.2 g/t gold from 37.3 metres.

So far, assays from 19 holes have been reported, while results are pending for an additional 23 holes. A further 10 diamond drill holes are planned before the completion of the winter program.

Michael Hudson, chief executive and chairman, told investors: "The bold exploration approach taken by Mawson during the 2017 winter program is now paying dividends.

"By stepping out to previously known the limits of the mineralized system at Rajapalot, the gold mineralized footprint has been significantly expanded and demonstrated to be open on the western, southern and eastern margins.

"In combination with the significant hydrothermal alteration observed in all holes, it is clear a large mineralized system exists at Rajapalot.

"With less than 50% of assays received from holes drilled to date, and four rigs still drilling 24/7, we look forward to further news flow."

Shares eased 1.16% to stand at $0.425.

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Thu, 06 Apr 2017 08:46:00 +1000 https://www.proactiveinvestors.com.au/companies/news/176095/mawson-resources-latest-assays-show-large-gold-system-emerging-at-rajapalot-176095.html
<![CDATA[News - Mawson Resources moves fifth rig to Rajapalot ]]> https://www.proactiveinvestors.com.au/companies/news/175161/mawson-resources-moves-fifth-rig-to-rajapalot-175161.html Mawson Resources Ltd (TSE:MAW) has moved a fifth drill rig to the Rajapalot gold project in Finland.

The winter drill program is now 60% complete and the results achieved so far have encouraged the mobilization of a fifth rig to the Rajapalot project, Mawson said.

Thirty-two holes have been completed to date, totalling 5,950 metres of diamond drill core.

Read Mawson shares jump after reports drilling 2.2 m of 7.7 g/t gold at Rompas-Rajapalot

Assay results from eight holes have been reported, while results are pending for an additional 24 completed holes.

A further 25 diamond drill holes are planned to be drilled before the completion of the winter program.

“A fifth drill rig has now been mobilized to site, based on early program success, which includes the discovery of two high-grade gold zones at Palokas with greater than 100 gold gram x metre intercepts ( News Release 21 Feb 2017 ); the delineation by BOT drilling of broad gold anomalies across the property ( News Release 9 Feb 2017 ); and the discovery of a new style of gold-bearing alteration comprising magnetite-pyrrhotite-biotite-chlorite at South Rajapalot, in a broad zone extending 900m along strike ( News Release 6 Mar 2017 ),” informed Michael Hudson, chairman and chief executive officer of Mawson.

Shares in Mawson eased 1.25% to $0.395 at the time of writing.

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Tue, 21 Mar 2017 11:34:00 +1100 https://www.proactiveinvestors.com.au/companies/news/175161/mawson-resources-moves-fifth-rig-to-rajapalot-175161.html
<![CDATA[News - Mawson shares jump after reports drilling 2.2 m of 7.7 g/t gold at Rompas-Rajapalot ]]> https://www.proactiveinvestors.com.au/companies/news/174335/mawson-shares-jump-after-reports-drilling-22-m-of-77-gt-gold-at-rompas-rajapalot-174335.html Mawson Resources Ltd (TSE:MAW, OTCMKTS:MWSNF) shares jumped 8% on Wall Street and 18% in Toronto on Monday after the company reported further breakthroughs in its Finland-based operations as it released drill results from a further four diamond drill holes from the 2016 to 2017 winter program at the company's 100%-owned Rompas-Rajapalot project.

This winter, a total of 16 diamond holes have been completed to date, with two in progress, for 3,753 metres. Three rigs are now drilling around the clock, and a fourth rig will be mobilized to site during mid-March.

 

Key points:

A new style of gold-bearing system has been discovered at South Rajapalot, characterised by an extensive area of potassic-iron-sulphide alteration located up to 1,800m south of the Palokas prospect. Drilling has defined a zone that extends for 900m along strike and 400m in width that remains open. To date, a total of 12 holes have been drilled into the area, with assay results available from 2 drill holes (PAL0033 and PAL0037).

PAL0037 drilled 56m of gold-bearing magnetite, pyrrhotite, biotite and chlorite alteration from 5.0m that averaged 0.53 g/t gold (without applying a lower cut). Higher grade zones included 2.0m @ 3.6 g/t gold from 33.0m and 4.0m @ 3.7 g/t gold from 57m;

PAL0037 intersected what is believed to be, in part, the source of 68 grab samples from boulders and subcrops that lie immediately down ice direction which assayed >0.1 g/t gold and range from 0.11 g/t gold to 3,870 g/t gold with an average of 101.4 g/t gold and median of 0.6 g/t gold. Grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property.

PAL0033, drilled 700m north of PAL0037, intersected a similar style of potassic-iron-sulphide alteration with results including 2.2m @ 7.7 g/t gold from 152.5m;

 

Drill core from this new discovery will be on display at the PDAC convention in Toronto at Mawson's booth #2941 until Wednesday 8 March. Dr. Nick Cook, President, will be at the core display booth #3107B on Tuesday 7 and Wednesday 8 March. CEO Michael Hudson will discuss the drilling program and the new discovery at 10:20am on Monday 6 March in Room 802.

"This new style of potassic-iron-sulphide alteration gold-bearing hydrothermal system at South Rajapalot is clearly large, and capable of precipitating gold in a variety of structural and stratigraphic settings across a broad area,” said Hudson, Chairman and CEO.

“Drilling is ongoing and many drill holes that are altered remain to be assayed. The potential of the area continues to grow, we have already drilled gold within a 1.75km strike length from Palokas to South Rajapalot during this early stage of our winter program and we look forward to learning more as further results become available," he added.

Mawson shares were up 7.95% at $0.33 in late Monday trading in New York and as much as 18.1% at C$0.49 in Toronto.

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Mon, 06 Mar 2017 16:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/174335/mawson-shares-jump-after-reports-drilling-22-m-of-77-gt-gold-at-rompas-rajapalot-174335.html
<![CDATA[News - Mawson makes 'great' start to winter drilling in Finland ]]> https://www.proactiveinvestors.com.au/companies/news/173474/mawson-makes-great-start-to-winter-drilling-in-finland-173474.html Mawson Resources Ltd (TSX:MAW) has hit two high grade gold intersections in latest drilling at Rajapalot in Finland.

Hole PAL0030 at the Palokas target intersected 10.0 metres at a grade of 11.6 g/t gold from a depth of 110.2 metres while PAL0027 intersected 6.8 metres at14.7 g/t gold from 34.4 metres.

Michael Hudson, chief executive, described it as a great start to the winter program, especially hole PAL0030.

This was a high-grade gold shoot, down plunge from near surface mineralization, which resulted in the deepest high grade-width intersection at Rajapalot, to date, he added.

This high-grade intercept is the high grade-width intersection at Rajapalot, and confirms the shoot interpretation, which remains open at depth, Hudson added.

“Two rigs continue to drill 24/7 over 1,800 metres of strike length. Given the discovery success to date, two additional drill rigs, subject to permitting, will be mobilized to site in the coming weeks."

 

 

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Tue, 21 Feb 2017 14:57:00 +1100 https://www.proactiveinvestors.com.au/companies/news/173474/mawson-makes-great-start-to-winter-drilling-in-finland-173474.html
<![CDATA[News - Mawson discovers multiple gold targets at Rajapalot ]]> https://www.proactiveinvestors.com.au/companies/news/172945/mawson-discovers-multiple-gold-targets-at-rajapalot-172945.html Canada-listed Mawson Resources Ltd (TSE:MAW) released results from infill drilling at the Raja permit and the first systematic base-of-till (BOT) drill program under way at the Kairamaat 2-3 permit area within the Rajapalot gold project in Finland on Thursday.

The BOT drill program consists of shallow grid-based drilling designed to test for gold mineralization beneath thin glacial soil cover.

In total, across all permit areas, 1,350 BOT holes have now been completed from a planned 1,450-hole program. Drilling is continuing, and assays from 321 holes are awaited from Kairamaat 2-3.

The larger area for BOT drilling was delineated by Mawson's previous discovery of 201 boulders and subcrop grab samples with greater than 0.1 gram per tonne gold that range from 0.1 gram per tonne gold to 3,220 grams per tonne gold, with an average of 89.3 grams per tonne gold and a median of 0.9 gram per tonne gold. Grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property.

New results reported here include: Eight hundred four BOT drill holes over a four-kilometre-by-three-kilometre area within Natura 2000 areas at Rajapalot (Kairamaat 2-3) confirm the large scale and tenor of gold anomalism across the property. Multiple new targets have been defined. Two hundred six infill BOT holes at 25-metre spacing drilled east of Kairamaat 2-3 at Raja, and outside Natura 2000 areas, have defined six diamond drill-ready targets. This is a follow-up to grid drilling as reported in Mawson's news release dated Oct. 25, 2016. Encouragingly, gold-mineralized BOT samples match and better define the surface trend of the Palokas prospect where previous diamond drill intersections include 5.4 metres at 37.6 grams per tonne gold from 2.5 metres and 19.3 metres at 7.4 grams per tonne gold from 1.3 metres. True thickness of mineralized intervals is interpreted to be approximately 90 per cent of the sampled thickness. Lateral continuity of gold-mineralized rocks below thin glacial soil over a broad area can now be inferred from interpretation of ground magnetics, BOT rock types and alteration minerals (in particular, chlorite, muscovite, biotite and talc), combined with gold, bismuth and tellurium, and other trace and major element assays. At Palokas, a distinctive gold core with a bismuth halo is evident in the BOT data. Diamond drilling continues, with two drill rigs operating 24/seven at Rajapalot. Results from this program will start to be reported shortly.

"This systematic base-of-till drill test of Rajapalot confirms the broad extent of gold anomalism across the property. The replication of the known mineralized areas validates the BOT technique as a viable method. The scale of anomalism is impressive, and the absolute values of some of the higher values in weathered bedrock (up to 259 parts per billion gold) is encouraging. Importantly, infill BOT drilling at 25-metre spacing has defined six diamond drill targets outside Natura 2000 areas. BOT drilling will continue 24/seven until we fully test the larger gridded area and follow up priority locations with closer-spaced infill drilling. We also look forward to the imminent news flow for drill core assays from two diamond drill rigs, which are also operating 24/seven at Rajapalot," said Michael Hudson, chief executive officer

Drilling took place over an area of three kilometres by four kilometres on Mawson's recently granted exploration permits at Kairamaat 2-3 and Hirvimaa, and within an area covered by a landholder permit on the Raja exploration permit application area. Nine hundred twenty grid-based BOT drill holes have now been completed inside exploration permit Kairamaat 2-3. Till depth varied between 0.3 metre and 11 metres, and averaged 4.4 metres. Four different sample types were described from the drilling data: glacial till (7 per cent of all total samples), weathered bedrock (59 per cent), diamict or reworked till (31 per cent), and reworked and transported sand (3 per cent). Areas of geochemical anomalism for follow-up were based on multielement gold, tellurium, copper and bismuth, and normalized to sample type (weathered bedrock and till varieties) as well as geological observations, including the presence of hydrothermal alteration minerals. Most geochemical anomalies have been defined in weathered bedrock.

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Thu, 09 Feb 2017 15:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/172945/mawson-discovers-multiple-gold-targets-at-rajapalot-172945.html
<![CDATA[News - Mawson Resources wants Finnish gold address with drill campaign ]]> https://www.proactiveinvestors.com.au/companies/news/171681/mawson-resources-wants-finnish-gold-address-with-drill-campaign-171681.html Canada-listed Mawson Resources Ltd (TSE:MAW) is one of an increasing number of  juniors attracted by Finland’s relatively uncharted gold potential.

Progress recently has stepped up a gear with the company's development work at the Rompas-Rajapalot gold project in the north of country now moving to the heavy drill stage.

Watch: Mawson Resources undervalued compared to peers, CEO says 

Diamond drilling underway

Two diamond drill rigs will come on stream in coming weeks to follow an extensive testing of near-surface targets.

More than 40 people will be employed when all rigs are on site and active.

Eight new targets have been defined at Rompas-Rajapalot from 225 base-of-till (BOT) drill holes and grab samples that ranged from 0.1 g/t gold to 236 g/t gold.

Grades were an average of 22.6 g/t gold and a median value of 1.0 g/t gold.

"This first systematic drill test of the area met our aims to define geochemically anomalous areas beneath thin glacial till, that covers 99% of the area, with eight anomalous zones defined over a large area of 2.3 km by 1.4 km,” said Michael Hudson, chairman and chief executive officer.

The aim from the latest programme is to drill up to 4 kilometres along strike and down dip from mineralization discovered during shallower exploration at Palokas.

This includes one of the most promising areas of 19.0 metres at 5.3 g/t gold from 38.7 metres in drill hole PRAJ0109.

 

A new gold address

Hudson says while Rompas-Rajapalot is a relatively new discovery, the potential is there for it to become a major gold ‘address’

There have been ‘very few’ high grade gold discoveries in good jurisdictions such as Finland made in recent years, he adds but this latest drill programme will, if not providing confirmation, at least indicate he may have one.

It will be Mawson’s largest ever drill programme and with a $6mln financing just closed, the company wanted to waste no time in getting the rigs turning.

Fortunately for Mawson, it has supportive shareholders with private equity investors owning 35% and this was key it getting the money for the exploration.

Drilling will continue until April 2017, when the assays should start to indicate whether Hudson is right to be optimistic about the potential.

 

Mawson shares have done well

Currently valued at C$42.7mln at C$40.41, Mawson shares have more than doubled over the past year as the samples and shallow test results have come through.

Hudson though sees the next stage of the company’s development pushing that market value to between C$150-200mln.

Good drill results this year, one suspects, may go some way to achieving that.     

 

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Mon, 16 Jan 2017 13:52:00 +1100 https://www.proactiveinvestors.com.au/companies/news/171681/mawson-resources-wants-finnish-gold-address-with-drill-campaign-171681.html
<![CDATA[News - Mawson shares jump after progress at Rajapalot ]]> https://www.proactiveinvestors.com.au/companies/news/171565/mawson-shares-jump-after-progress-at-rajapalot-171565.html Gold explorer Mawson Resources (TSE:MAW) shares jumped 9% on Thursday after the company said its diamond drill program at Rajapalot prospect will be the first systematic, large-scale and deep test of the area, with drill rigs expected to be mobilized this month and drilling continue until April.

The details came with its half-year to November earnings report and a TV interview in which the company’s CEO said he hopes to see the business revalued upward by the end of 2017.

In December 2016, Mawson announced the diamond drill program will exceed 10,000 metres with more than 50 holes planned.

Twenty local Finnish staff and consultants are already employed on site in northern Finland, including geologists, field technicians, environmental experts, drillers and drilling offsiders. When all rigs are mobilized in the coming weeks more than 40 local Finnish people will be employed to execute drill programs.

Additionally, a BOT drill program commenced in December 2016, with over 700 holes planned as a fast and cost-effective technique to discover and test targets within a 1,425 hectare area around Palokas. So far, 151 BOT drill holes have been completed. Drill assays are awaited.

Earlier on Thursday, Mawson CEO Michael Hudson told Stocktube the company was undervalued compared to peers but that he hopes by the end of 2017 it will be ripe for a re-valuation at a higher level".

WATCH: Mawson Resources undervalued compared to peers, CEO says

Mawson shares closed up 9% at C$0.42 on Thursday.

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Thu, 12 Jan 2017 16:01:00 +1100 https://www.proactiveinvestors.com.au/companies/news/171565/mawson-shares-jump-after-progress-at-rajapalot-171565.html
<![CDATA[Media files - Mawson Resources undervalued compared to peers, CEO says ]]> https://www.proactiveinvestors.com.au/companies/stocktube/6714/mawson-resources-undervalued-compared-to-peers-ceo-says-6714.html Thu, 12 Jan 2017 08:56:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/6714/mawson-resources-undervalued-compared-to-peers-ceo-says-6714.html <![CDATA[News - Mawson Resources starts drilling at Rajapalot project ]]> https://www.proactiveinvestors.com.au/companies/news/170945/mawson-resources-starts-drilling-at-rajapalot-project-170945.html Mawson Resources Ltd. (TSE:MAW) on Friday provided an update to its recently announced drill programs at the Rajapalot gold project in Finland. Drilling is now under way and is scheduled to continue until April, 2017.

The Mawson team in northern Finland is progressively expanding to support and establish access for all drill rigs. Twenty local people are already working in Rovaniemi and on site at Ylitornio during the current ramp-up phase, with more than 40 people planned to be employed when all rigs are on site and active.

Base-of-till (BOT) drilling is now well under way, with near-surface gold targets being systematically tested. Two diamond drill rigs shall begin operation at Rompas-Rajapalot in the coming weeks.

 

Key points: Twenty local Finnish staff and consultants are already employed on site in northern Finland, including geologists, field technicians, environmental experts, drillers and drilling offsiders. When all rigs are mobilized in the coming weeks, more than 40 local Finnish people will be employed to execute drill programs. To date, 151 BOT drill holes have been completed from the planned total of 700 BOT holes. Drill assays are awaited. Two further diamond drill rigs will be mobilized to the Rompas-Rajapalot site by late December, 2016. Variable winter conditions have necessitated additional ice road construction to ensure safe rig access with zero environmental impact. Drilling will continue until April, 2017. Mawson has completed detailed baseline mapping and compilation of species, habitats and vegetation across the Rompas-Rajapalot area. Following three years of biological studies, the company has a detailed understanding of the natural environment at every drill location and acts to ensure the impact of all activity is minimized.

 

"With drilling now under way, we are now a significant employer in the local Ylitornio district and Rovaniemi city of Finland. More than 20 per cent of the base-of-till drill program has been completed, and we look forward to the flow of results from this first systematic test of the Rompas-Rajapalot gold system,” said Michael Hudson, chief executive officer.

“A slower-than-anticipated start to winter conditions has resulted in a one- to two-week delay the mobilization of two additional diamond drill rigs as we work to prepare the appropriate drill access,” he added.

Over the last three years, detailed biological studies consisting of baseline mapping and compilation of species, habitats and vegetation has led to a clear understanding of the potential impacts of the current winter work program on a site-by-site basis.

Four administrative bodies, representing the mining and environmental authorities, and both the regional and supreme administrative courts, have found that Mawson's exploration work, carried out as permitted, does not present any significant risks to nature, environment, animals, other livelihoods, or people in the Rajapalot area or its vicinity.

Monitoring over many years of the species, vegetation and habitats within the research area has proven that the impacts of Mawson's exploration work has been much smaller than was even expected. In addition, the project and Mawson's exploration work enjoys strong local support from the neighbouring village associations and the Ylitornio municipality.

Mawson shares were up 1.5% at C$0.35 on Friday.

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Fri, 23 Dec 2016 12:58:00 +1100 https://www.proactiveinvestors.com.au/companies/news/170945/mawson-resources-starts-drilling-at-rajapalot-project-170945.html
<![CDATA[News - Mawson shares jump 9%, says to drill over 10,000 m at Rompas-Rajapalot ]]> https://www.proactiveinvestors.com.au/companies/news/170063/mawson-shares-jump-9-says-to-drill-over-10000-m-at-rompas-rajapalot-170063.html Mawson Resources Ltd. (TSE:MAW) shares advanced more than 9% on Tuesday after the company said it had signed a plus-10,000-metre diamond drill contract and over-700-hole base-of-till (BOT) drill program at the 100%-owned Rompas-Rajapalot gold project in northern Finland.

The first drill rig is to mobilize to site this week.

Key Points:

Diamond drill program will exceed 10,000 metres with more than 50 holes planned; Program will double the drill metres into the Rajapalot prospect, and will be the first systematic, large scale and deep test of the area; Two diamond drill rigs will be mobilized to the Rompas-Rajapalot site by the third week of December 2016; Drilling will continue until April 2017; Base-of-till drilling ("BOT") will commence immediately, with over 700 holes planned.

"With a $6 million financing just closed, we are wasting no time in getting the rigs turning at Rajapalot, as we begin our largest ever drill program. All permits are in place for this systematic and deep diamond drill testing that will double drilling completed in this highly prospective area. Our aim is to drill up to 4 kilometres along strike and down dip from mineralization discovered during this early stage drilling at Palokas, which included 19.0 metres @ 5.3 g/t gold from 38.7 metres in drill hole PRAJ0109,” said Michael Hudson, CEO.

In addition, fast and cost-effective grid base-of-till drilling will be used to discover and test targets within a 1,425 hectare area around Palokas. Systematic base-of-till drilling of over 700 drill holes at 150 metre spacing will be completed across a broad prospective sequence that is masked by thin glacial soil cover."

More than 50 holes for 10,000 diamond drill metres are planned in the program. To date 94 holes for only 5,972 metres with an average depth of 64 metres have been completed in the Rajapalot area. The planned +10,000 metre diamond drill program will focus on determining the strike and depth continuity of Palokas prospect mineralization and drilling targets developed in conjunction with existing drill and surface data and the recently completed gradient array IP-Resistivity and magnetic surveys. Drill holes will average between 150 and 250 metres long with some holes up to 500 metres down-hole depth as required.

Mawson shares were up 9.3% at C$0.47 on Tuesday.

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Tue, 06 Dec 2016 11:43:00 +1100 https://www.proactiveinvestors.com.au/companies/news/170063/mawson-shares-jump-9-says-to-drill-over-10000-m-at-rompas-rajapalot-170063.html
<![CDATA[News - Mawson Resources closes C$6mln private placement ]]> https://www.proactiveinvestors.com.au/companies/news/169980/mawson-resources-closes-c6mln-private-placement-169980.html Mawson Resources Ltd. (TSE:MAW) has closed its previously announced non-brokered privat placement financing of 15mln units at 40 cents per unit for gross proceeds of C$6mln.

Each unit consists of one common share of Mawson and one-half of one common share purchase warrant. Each whole common share purchase warrant is exercisable to acquire one additional common share of Mawson at 60 cents for a period of two years expiring on Dec. 2, 2018.

"We are pleased to close the private placement, and wish to thank the Sentient group and existing funds for their continued support. We also welcome our new shareholders. With drill permits recently received, we now can rigorously and systematically drill test the Rompas-Rajapalot gold discovery for the first time. Postfinancing, Mawson will hold more than $9-million cash, which will enable the company to execute a 10,000-to-13,000-metre drill program. Drill rigs are set to start turning over the coming weeks," said Michael Hudson, chief executive officer.

Under the private placement, Sentient Global Resources Fund IV LP, part of a group of funds which is an insider and control person of Mawson, has subscribed for 5,378,066 units for gross proceeds of $2,151,227. Following closing of the private placement, the Sentient group holds approximately 37.45 per cent of the issued and outstanding common shares of Mawson on a partially diluted basis (taking into account the full exercise of warrants issued to the Sentient fund under the private placement only).

The securities issued under the private placement are subject to a four-month hold period expiring on April 3, 2017.

Mawson shares were up 2.4% at C$0.43 on Monday.

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Mon, 05 Dec 2016 13:53:00 +1100 https://www.proactiveinvestors.com.au/companies/news/169980/mawson-resources-closes-c6mln-private-placement-169980.html
<![CDATA[News - Mawson Resources holders re-elect six directors at AGM ]]> https://www.proactiveinvestors.com.au/companies/news/169275/mawson-resources-holders-re-elect-six-directors-at-agm-169275.html Mawson Resources Ltd. (TSE:MAW) shareholders re-elected six directors at the company’s AGM on Friday.

They are: Michael Hudson, Nick DeMare, David Henstridge, Mark Saxon, Colin Maclean and Noora Raasakka.

A total of 52,914,741 common shares were voted, representing 58.59 per cent of the company's issued and outstanding common shares. Shareholders voted in favour of setting the number of directors at six and for the re-election of all director nominees.

Following the meeting, the board of directors reappointed Dr. Nicholas Cook as president, Michael Hudson as chairman and chief executive officer, Nick DeMare as chief financial officer, and Mariana Bermudez as corporate secretary. The board of directors also appointed David Henstridge, Colin Maclean and Mark Saxon as members of the company's audit committee.

Mawson shares were up 6.7% at C$0.40 on Monday.

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Mon, 21 Nov 2016 09:48:00 +1100 https://www.proactiveinvestors.com.au/companies/news/169275/mawson-resources-holders-re-elect-six-directors-at-agm-169275.html
<![CDATA[News - Mawson Resources in $6mln raise to advance the Rompas-Rajapalot project ]]> https://www.proactiveinvestors.com.au/companies/news/168941/mawson-resources-in-6mln-raise-to-advance-the-rompas-rajapalot-project-168941.html Gold explorer Mawson Resources Ltd (TSE:MAW) is set to raise up to $6mln in a private placing to advance its Rompas-Rajapalot project in Finland.

The group is issuing up to 15 million units at 40 cents each, with each unit consist of one share and one-half of one share purchase warrant exercisable to acquire one share at 60 cents for two years.

Sentient Global Resources Fund IV LP, an insider of Mawson, plans to buy up to around 5.37mln units for gross proceeds of up to $2.151mln.

Last week, Mawson said it had completed the first phase of a geophysical program to infill and extend data coverage at the wholly-owned Rompas-Rajapalot project in northern Finland.

The firm now plans to extend the geophysical survey area (phase 2) into additional gold prospective areas.

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Mon, 14 Nov 2016 09:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/168941/mawson-resources-in-6mln-raise-to-advance-the-rompas-rajapalot-project-168941.html
<![CDATA[News - Mawson Resources starts phase 2 at Rompas-Rajapalot ]]> https://www.proactiveinvestors.com.au/companies/news/168828/mawson-resources-starts-phase-2-at-rompas-rajapalot-168828.html Mawson Resources Ltd. (TSE:MAW) said on Thursday it has completed the first phase of a geophysical program to infill and extend data coverage at the wholly-owned Rompas-Rajapalot project in northern Finland.

Due to recent encouraging base-of-till drill results, the company now plans to extend the geophysical survey area (phase 2) into additional gold prospective areas.

Phase 1 completed:

Twenty-two line kilometres of gradient array IP (induced polarization) geophysics were completed along the Palokas trend, including coverage of the Joki prospect. Areas surveyed have thin glacial till cover, and are associated with undrilled anomalous surface geochemistry. The survey tested for chargeable and low-resistive zones that are known to be associated with gold mineralization.

Eighty-four line kilometres of extension and infill ground magnetics were completed at 50-metre line spacing, undertaken to constrain various structurally controlled gold targets that may concentrate gold mineralization.

Phase 2 now under way:

Sixty-three line kilometres of ground magnetic surveying are planned to extend coverage of the Raja area, where eight areas of gold anomalism were discovered by recent base-of-till (BOT) drilling described in Mawson's news release dated Oct. 25. Read more.

Planning is being finalized for the company's extensive winter program, comprising greater than 10,000 metres of diamond drilling and more than 1,500 BOT drill holes, at both the Palokas prospect and broader Rajapalot project. Winter drilling is set to commence in mid-December, 2016.

"These geophysical surveys are critical in defining and constraining target areas for the 10,000-metre diamond drill program that will commence from mid-December. Preliminary models of the geophysical data already show multiple targets that are in context with known mineralization and other geochemical data. We stand ready for a very exciting winter program,” said Michael Hudson, chief executive officer.

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Thu, 10 Nov 2016 15:09:00 +1100 https://www.proactiveinvestors.com.au/companies/news/168828/mawson-resources-starts-phase-2-at-rompas-rajapalot-168828.html
<![CDATA[News - Mawson Resources surges as it defines eight new targets in Finland ]]> https://www.proactiveinvestors.com.au/companies/news/167937/mawson-resources-surges-as-it-defines-eight-new-targets-in-finland-167937.html Mawson Resources Ltd (TSE:MAW) has defined eight new targets at its Rompas-Rajapalot project in northern Finland.

The company released results from 225 base-of-till (BOT) drill holes from the Rajapalot prospect at its wholly-owned Rompas-Rajapalot project, and is already working on follow-up BOT drilling.

In all, 225 BOT holes were drilled over an area 2.3 kilometres (km) by 1.4 km on a 150 metre (m) grid pattern; an additional 206 drill holes are planned at 25m centres along anomalous drill traverses defined from the first program, Mawson said.

Anomalous surface geochemistry in the area included 23 boulders and sub-crop grab samples of less than 0.1 grams per tonne (g/t) gold that ranged from 0.1 g/t gold to 236 g/t gold, with an average of 22.6 g/t gold and a median value of 1.0 g/t gold.

Grab samples were selected samples and are not necessarily representative of the mineralization hosted on the property, Mawson advised.

"This first systematic drill test of the area met our aims to define geochemically anomalous areas beneath thin glacial till, that covers 99% of the area, with eight anomalous zones defined over a large area of 2.3 km by 1.4 km,” said Michael Hudson, chairman and chief executive officer of the company.

“We have already commenced follow-up infill BOT drilling and are looking to progress to deeper diamond drilling for target testing. As the drill area lies outside Natura 2000 areas, drilling can be undertaken all year, rather than be limited to winter drilling from mid-December to mid-April," Hudson revealed.

Shares in Mawson rose 6% to C$0.445 on the announcement.

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Tue, 25 Oct 2016 10:24:00 +1100 https://www.proactiveinvestors.com.au/companies/news/167937/mawson-resources-surges-as-it-defines-eight-new-targets-in-finland-167937.html
<![CDATA[News - Mawson exploration VP Cook promoted to president ]]> https://www.proactiveinvestors.com.au/companies/news/167852/mawson-exploration-vp-cook-promoted-to-president-167852.html Mawson Resources Ltd.'s (TSE:MAW) Dr. Nick Cook will be promoted from vice-president of exploration to president of Mawson, the company said on Monday.

Michael Hudson will continue in his role as chairman, chief executive officer and director of the company.

"Nick's expanded role is an outcome of his first-class technical leadership in Finland and his increasing management role in the company. We will both continue to work very closely together to give Mawson the best opportunity to execute on our strategy, to define a major gold project in Finland,” said Hudson.

Dr. Cook obtained his bachelor of science with honours (geology) from the University of Otago in 1985 and then a PhD (geology) from the University of New England in 1994. He has over 20 years of global experience in exploration and exploration-focused research geology. For the last three years, he has acted as vice-president of exploration for Mawson.

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Mon, 24 Oct 2016 14:07:00 +1100 https://www.proactiveinvestors.com.au/companies/news/167852/mawson-exploration-vp-cook-promoted-to-president-167852.html
<![CDATA[News - Mawson Resources to crack on in Finland ]]> https://www.proactiveinvestors.com.au/companies/news/167427/mawson-resources-to-crack-on-in-finland-167427.html Mawson Resources Ltd (TSE:MAW), the gold explorer focused on the Nordic countries, has a busy exploration program lined up for 2016/17.

As at the end of August the company held a total of three granted exploration permits, 11 exploration permit applications and two reservations in Finland. 

Read Mawson wins court ruling to explore Finnish prospects

Hand-portable diamond drilling to 100 metres depth resumed in mid-September at the Boardwalk prospect, located 550 metres south of the main Palokas prospect.

Meanwhile, a 225 drill hole program has been completed at the Raja prospect, located a kilometre east of Palokas, and the company is awaiting results from the lab.

At Rajapalot, the company plans to start infill drilling and the extension of ground magnetic and gradient array using induced polarization (IP).

“New IP and ground magnetic survey will increase coverage and infill of existing magnetic survey will better control recognition of fold closures to trap gold,” the company said.

One thousand base-of-till (BoT) drill holes are to be drilled at Rajapalot, with the aim of tracking gold dispersion, once frozen ground conditions allow – probably from December 2016.

The Palokas mineralized position will be systematically tested over a 3.5 kilometres strike as well as the entire Kairamaat 2 & 3 claims areas.

Larger-scale drilling, also scheduled to start when conditions allow, will follow up on near-surface and the larger-scale and systematic BoT drilling programs. The aim of the program is two-fold, with some 60% of the budget allocated to drill out a maiden resource and the remainder earmarked to test semi-regional targets over the larger area after the systematic BOT program.

Meanwhile, up to five biologists have been collecting baseline data for plants, birds and fauna for ongoing environmental studies over the last eight weeks. After two years of detailed biological studies, the company is now well positioned to complete what is known as the Natura Assessment for the entire 16,380 hectares of granted exploration permits and application areas.

In Sweden, the company has a total of two claims that are prospective for gold, covering 2,416 hectares.

The drilling plans were outlined in the company’s fiscal first quarter update covering the June-August period.

Cash at the end of August stood at C$3.7mln, down from C$4.2mln a year earlier.

The quarter saw the company spend C$167,855 on exploration and evaluation activities, down from C$203,909 the year before.

The net loss for the period widened to C$274,752 from C$167,559 a year earlier, but narrowed from the preceding quarter’s net loss of C$315,297.

As the company is in the exploration stage of investigating and evaluating its unproven mineral interests, it has no source of operating revenue at present.

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Fri, 14 Oct 2016 07:27:00 +1100 https://www.proactiveinvestors.com.au/companies/news/167427/mawson-resources-to-crack-on-in-finland-167427.html
<![CDATA[News - Mawson Resources plans to extend warrant terms ]]> https://www.proactiveinvestors.com.au/companies/news/166905/mawson-resources-plans-to-extend-warrant-terms-166905.html Mawson Resources Ltd (TSE:MAW) told investors it plans to extend the term on over 4.5mln warrants issued as part of a placing two years ago.

Each of the share purchase warrants entitles the bearer to buy a Mawson share at 50 cents a pop. The firm wants to extend the warrants by three months.

Insiders of the company hold around 1.51mln warrants and the firm will seek disinterested shareholder approval for the extension of the insider warrants at the next annual shareholder meeting on November 18 this year.

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Tue, 04 Oct 2016 09:15:00 +1100 https://www.proactiveinvestors.com.au/companies/news/166905/mawson-resources-plans-to-extend-warrant-terms-166905.html
<![CDATA[News - Mawson Resources grants options to buy 4.62mln shares ]]> https://www.proactiveinvestors.com.au/companies/news/166475/mawson-resources-grants-options-to-buy-462mln-shares-166475.html Mawson Resources Ltd. (TSE:MAW) shares rocketed by more than 10% on Monday after the company said it had granted stock options to its directors, officers, employees and consultants to purchase up to an aggregate of 4.62 million common shares.

They come at an exercise price of 35 cents per common share for a period of three years.

Mawson shares were up 11.6% at C$0.48 on Monday.

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Mon, 26 Sep 2016 15:10:00 +1000 https://www.proactiveinvestors.com.au/companies/news/166475/mawson-resources-grants-options-to-buy-462mln-shares-166475.html
<![CDATA[News - Mawson wins court ruling to explore Finnish prospects ]]> https://www.proactiveinvestors.com.au/companies/news/166248/mawson-wins-court-ruling-to-explore-finnish-prospects-166248.html Mawson Resources Ltd. (TSE:MAW) shares rose on Wednesday after the company’s permission to drill Kairamaat 2 and 3 in Finland was upheld by the highest court in the country.

The Finnish supreme administrative court  comprehensively rejected an appeal by the Finnish Nature Conservation Association (an NGO), which now allows Mawson the right to actively explore the permits which cover the Rajapalot and Palokas prospects in Northern Finland. The decision is non-appealable and the exploration permits gain immediate legal force.

The court rejected an appeal by the NGO against the exploration permit decision that entitles Mawson to drill up to 123 deep diamond drill holes within Natura 2000 biodiversity areas during winter conditions and hand-portable-rig access during summer conditions.

This is the first time the company has gained full drill access to test the gold mineralised system across the Rajapalot area.

Mawson now plans to undertake a substantial winter deep diamond drilling programme of 10,000 metres, amongst other work programmes, at the Palokas prospect and broader Rajapalot project area.

On June 26, 2014, the Finnish mining authority, TUKES, granted Mawson a modified and renewed exploration permit (Kairamaat 2 and 3) that covers a surface area of 1,462 hectares at Mawson's Rajapalot and Palokas gold project in Northern Finland.

In late July, 2014, TUKES's decision was appealed by the NGO to the Northern Finland administrative court through a standard public appeal process. On May 21, 2015, the administrative court rejected all aspects of the appeal. On June 18, 2015, the NGO appealed the regional administrative court's decision to the supreme administrative court and on Sept. 20, the supreme administrative court upheld the lower court decision.

Over the last year, four administrative bodies representing the mining and environmental authorities and both the regional and supreme administrative courts have found that Mawson's exploration work, carried out as permitted, does not present any significant risks to nature, environment, animals, other livelihoods or people in the Rajapalot area or its vicinity.

The exploration permits are valid for a period of three years, the maximum time allowable under the Finnish Mining Act. The company has been working under an enforcement order granted in October, 2014, and an application to extend the permits can be made in three-year intervals, up to a maximum of 15 years. The next renewal date is in October 2017.

"The supreme administrative court has unequivocally endorsed the permit granted to Mawson by the mining authority in July, 2014, which was fully supported by all environmental authorities, to allow deeper drilling at the highly prospective Rajapalot gold project,” said Michael Hudson, the company's president and chief executive officer.

“Among other rights, the decision allows the company to deep drill up to 123 diamond drill holes in Natura 2000 biodiversity areas amongst other work programs, and is the key milestone we have been essentially awaiting since the first permits were applied for in October 2009. We understand the responsibility granted to us by this decision and look forward to working with the mining and environmental authorities to ensure our work is conducted according to global best practice methods."

Mawson shares were 1.6% higher at C$0.32 on Wednesday.

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Wed, 21 Sep 2016 10:15:00 +1000 https://www.proactiveinvestors.com.au/companies/news/166248/mawson-wins-court-ruling-to-explore-finnish-prospects-166248.html
<![CDATA[News - Mawson Resources appoints Raasakka to board ]]> https://www.proactiveinvestors.com.au/companies/news/165903/mawson-resources-appoints-raasakka-to-board-165903.html Mawson Resources Ltd. (TSE:MAW) has appointed Noora Raasakka to its board of directors while Gilbert Clark has resigned as a director, the company said on Wednesday.

The changes have immediate effect.

Ms. Raasakka has held the position of environmental leader for the company in Finland since November, 2014. As environmental leader, Raasakka has implemented the company's environmental policy in conjunction with senior management, with responsibility for identifying and managing key environmental risks associated with Mawson's projects.

Raasakka is a forestry engineer with a master's degree in landscape management from the University of Applied Sciences, Rovaniemi. Prior to joining Mawson, Raasakka held the position of project manager in the nature protection unit of The Centre for Economic Development, Transport and the Environment for Lapland (ELY-Centre) in Finland.

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Wed, 14 Sep 2016 11:56:00 +1000 https://www.proactiveinvestors.com.au/companies/news/165903/mawson-resources-appoints-raasakka-to-board-165903.html