logo-loader

Mawson Resources completes phase 1 drilling at Rompas, new discoveries made

Published: 02:07 21 Aug 2012 AEST

no_picture_pai

 

Scandinavian explorer Mawson Resources (TSE:MAW) Monday revealed the final results from the phase 1 drill program at its Rompas gold project and said some new discoveries have been made in the area. 

Mawson holds 833 claims and claim applications for 75,340 hectares at the Rompas gold project in northern Finland.

The company said that due to drill access limitations, two small, lower priority areas were tested during this phase 1 program, with new results including hole ROM0037, which intersected one metre at 4.3 grams per tonne (g/t) gold from 17 metres depth and one metre at 3.2 g/t gold from 68 metres depth.

Mawson president and CEO Michael Hudson said that the phase 1 drill program at Rompas returned “some very exciting results”, notably the previously released six metres at 617 g/t gold in drill hole ROM0011, including one metre at 3,540 g/t gold; and one metre at 114.5 g/t gold in drill hole ROM0015. 

“These results confirm the significance of the hundreds of bonanza grade surface occurrences that were channel sampled over the last two years and with the new drill information, we are now starting to define a continuous envelope which contains the high grade gold,” said Hudson.

“Nevertheless, we are only beginning to scratch the surface of a project that exceeds six kilometres in strike length.”

Hudson added that new, early stage Rompas-style surface discoveries have recently been made eight kilometres east of Rompas at Rajapalot, “significantly adding to the prospectivity of this exciting area”.

Mawson said reconnaissance grab sampling of some areas has been undertaken, and results are awaited.

The company said that although the phase 1 program only tested a small proportion of the six-kilometre strike of mineralization down to an average depth of 50 metres, some “spectacular drill discoveries” were made.  

In total, 39 holes for 4,187.8 metres were drilled at South Rompas in two small areas of the north and south blocks. Drilling along the remainder of the trend awaits further permitting, said the company.  

Mawson said that the compilation of drilling data has led to an improved understanding of the Rompas mineral system and has confirmed the width and scale of more than a 100-metre-wide hydrothermal veined mineral system with a defined hanging wall and footwall.  

Some veins host significant gold, with visible gold noted in 12 drill holes.  

Looking ahead, Mawson said it will test the priority targets along the six-kilometre long Rompas trend, and drill test closer to the bonanza grade veins discovered during the phase 1 program.

In other news, the company said it has staked seven claim reservations through Finland for a total of 104,223 hectares, which have potential for Rompas and other styles of mineralization.

In addition, in Sweden, Mawson has staked six claim applications in three project areas for a total of 23,053 hectares.  The company noted that information regarding these additional claims will be announced as further research is conducted.

 

Mawson Gold reports high grade gold in trenches at Sunday Creek in Victoria

Mawson Gold Limited (TSX:MAW, OTC:MWSNF)'s Mike Hudson discusses with Proactive's Andrew Scott high grade gold assay results from two trenches located 200 metres east of the current drilled area at its 100%-owned Sunday Creek project in the Victorian Goldfields of Australia. He says...

on 11/10/21