VANCOUVER, Sept. 4 - Mawson Resources Limited ("Mawson") TSX - MAW; Frankfurt - MRY. Mr. Michael Hudson, President & CEO, announces the drill results from the final 32 drill holes from the Company's 40-hole recent diamond drill program at the Tasjo uranium - rare earth element (REE) - phosphate project in Sweden. Twenty-nine of the 40 holes drilled during the program intersected the uranium horizon.
Uranium mineralization was targeted from the surface to approximately 40 metres vertical depth. The drill holes reported in this release tested the Bodkullarna (drill holes BODDD08001 to BODDD08019), Bodkullarna East (BODDD08020 to BODDD08030) and Onbacken (ONBDD08001 to ONBDD08011) prospects which are separated by a strike length of 16 kilometres. These areas are located 8.5 kilometres, 5.5 kilometres and 7.5 kilometres from the Kronotorpet project which was drill tested by the Company in mid 2007. Geophysical mapping by Mawson has demonstrated that all three drilled prospects lie upon a single strike continuous horizon that extends between the prospects. Mineralization was drill tested at Bodkullarna over a 1300 by 160 metre area, at Bodkullarna East over a 1200 by 160 metre area and at Onbdcken over a 400 by 160 metre area.
Better results from the drill holes are included below with a full list of results presented in the attached table 1.
HOLE_ID From To Width U3O8
(metres) (metres) (metres) (ppm)
BODDD08027 5 11.3 6.3 208
BODDD08023 6.6 10.6 4 250
BODDD08029 18 24.6 6.6 232
BODDD08008 33.2 37.2 4 264
ONBDD08007 15.4 19.6 4.2 219Tasjo is a sedimentary uranium deposit where uranium mineralization is associated with concretions of carbonate-fluorapatite, which constitute up to 20% of the rock. Mass balance calculations indicate that the uranium grade of the apatite is 0.16%.
Mr. Hudson states, "Near surface uranium mineralization at Tasjo has now been drill tested within four project areas separated by 16 kilometres. The strike rate of intersecting the mineralized horizon was good with 29 of the 40 drill holes drilled during the 2008 drill program." The qualified person for the Tasjo project, Mark Saxon, director and vice-president of exploration for Mawson, and a member of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the contents of this release. Uranium was analyzed by the ME-MS81 technique by ALS Chemex Ltd.'s laboratories in Pitea, Sweden, and Vancouver, Canada, where duplicates, repeats, blanks and known standards were inserted according to standard industry practice. It is interpreted that reported drill hole intercepts approximate the true width of mineralization.
About the Company: Mawson Resources holds significant uranium resources in the nuclear energy reliant countries of Spain, Sweden and Finland. As the European Union reduces its reliance on carbon-based energy sources, Mawson is well placed as the Company develops its exploration portfolio towards the sustainable production of uranium in the shortest possible time frame.
On behalf of the Board,
"Michael Hudson"
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Michael Hudson, President & CEO
Forward Looking Statement. The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement. The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Table 1: Drill hole results from the Tasjo project using a lower cut-off
of 100ppm uranium. Results from the first eight holes (BODDD08001 to
BODDD08004, BODDD08007, BODDD08013 and ONBDD08001 to ONBDD08002) were
released on 26 May 2008.
HOLE ID FROM TO WIDTH (m) U308 ppm HOST UNIT
BODDD08001 27.60 29.60 2 324 LYCO
BODDD08001 32.00 38.00 6 132 ALUM
BODDD08002 15.80 16.80 1 168 LYCO
BODDD08003 38.90 42.70 3.8 302 LYCO
BODDD08003 47.25 49.25 2 132 ALUM
BODDD08003 58.25 61.25 3 136 ALUM
BODDD08004 19.20 20.05 0.85 214 LYCO
BODDD08004 21.75 22.10 0.35 146 LYCO
BODDD08005 Hole abandoned
BODDD08006 40.00 43.00 3 117.9 ALUM
BODDD08007 27.90 28.90 1 421 LYCO
BODDD08007 43.20 45.20 2 363 LYCO
BODDD08008 33.20 37.20 4 264 LYCO
BODDD08009 31.30 32.30 1 206 LYCO
BODDD08010 Host not intersected
BODDD08011 27.30 28.30 1 137 LYCO
BODDD08012 27.50 28.50 1 246 LYCO
BODDD08013 11.90 13.60 4.7 136 LYCO
BODDD08013 21.90 22.90 1 232 LYCO
BODDD08013 26.20 32.20 6 118 ALUM
BODDD08014 27.50 28.70 1.2 192 LYCO
BODDD08015 8.70 11.70 3 177 ALUM
BODDD08015 34.85 35.25 0.4 225 LYCO
BODDD08016 18.70 20.40 1.7 257 Lyco
BODDD08016 20.40 21.40 1 141 ALUM
BODDD08016 23.40 26.40 3 122 ALUM
BODDD08016 41.100 41.70 0.6 217 LYCO
BODDD08016 42.60 43.60 1 196 LYCO
BODDD08016 44.90 45.90 1 121 ALUM
BODDD08017 33.30 34.30 1 169 ALUM
BODDD08017 36.30 37.30 1 154 ALUM
BODDD08018 Host not intersected
BODDD08019 10.70 12.70 2 206 LYCO
BODDD08019 13.75 15.60 1.85 197 LYCO
BODDD08020 3.70 4.70 1 233 LYCO
BODDD08020 18.0 21.30 3.3 245 LYCO
BODDD08021 43.90 46.50 2.6 229 LYCO
BODDD08022 Host not intersected
BODDD08023 6.60 10.60 4 250 LYCO
BODDD08023 11.90 14.90 3 126 ALUM
BODDD08024 20.90 22.90 2 243 LYCO
BODDD08025 3.6 6.60 3 244 LYCO
BODDD08025 8.95 9.95 1 126 ALUM
BODDD08026 4.20 7.20 3 137 ALUM
BODDD08026 23.20 26.20 3 173 ALUM
BODDD08026 33.80 36.00 2.2 249 LYCO
BODDD08027 5.00 11.30 6.3 208 LYCO
BODDD08027 19.30 21.30 2 156 ALUM
BODDD08027 38.30 40.30 2 172 ALUM
BODDD08028 6.50 7.00 0.5 368 LYCO
BODDD08028 13.00 15.00 2 167 ALUM
BODDD08029 6.40 7.30 0.9 271 LYCO
BODDD08029 11.30 14.30 3 159 ALUM
BODDD08029 18.00 24.60 6.6 232 LYCO
BODDD08029 25.60 27.60 2 164 ALUM
BODDD08029 30.60 31.40 0.8 120 ALUM
BODDD08030 15.50 17.20 1.7 264 LYCO
BODDD08030 18.20 19.20 1 148 ALUM
BODDD08030 23.20 26.20 3 161 ALUM
BODDD08030 35.50 36.10 0.6 281 LYCO
BODDD08030 42.60 44.20 1.6 286 LYCO
ONBDD08001 19.90 22.50 2.6 371 LYCO
ONBDD08001 22.50 25.50 3 140 ALUM
ONBDD08002 19.80 35.80 16 209 LYCO
ONBDD08003 48.80 50.80 2 198 LYCO
ONBDD08004 Host not intersected
ONBDD08005 12.25 17.25 5 248 ALUM
ONBDD08005 19.30 20.30 1 123 LYCO
ONBDD08006 Host not intersected
ONBDD08007 15.40 19.60 4.2 219 LYCO
ONBDD08008 Host not intersected
ONBDD08009 Host not intersected
ONBDD08010 Host not intersected
ONBDD08011 Host not intersectedFor further information:
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