Vancouver, Canada - Mawson Resources Limited ("Mawson") TSX - MAW; Frankfurt - MRY. Mr Michael Hudson, President & CEO, announces results from the second batch of channel samples received from the Company's 100% owned Rompas gold-uranium project in northern Finland.
This second batch of results includes 49 representative diamond saw cut channel samples that are comprised of 448 individual samples. Highlights include 0.95m @ 1,424 g/t Au and 1.3 % U, and 2.05m @ 191.3 g/t Au and 0.44 % U(Table 1). The average width and weighted average of 49 of 71 channel samples assayed is 0.43m @ 222.7 g/t Au and 0.6 % U.
Also included in this batch were 254 mineralized grab samples that averaged 406 g/t Au and 0.74 % U and ranged from 0.001 g/t to 22,723 g/t Au and 0.1 ppm to >15% U. Grab samples are selective by nature and are unlikely to represent average grades on the property.
A detailed map showing the location and distribution of these and earlier channel and grab samples can be downloaded from the Company's website at http://www.mawsonresources.com/assets/docs/news/Rompas_PLANDEC15.pdf. Samples reported come from the entire Rompas trend. The channels were taken at Rompas South over a strike distance of 400 m by 100 m width and at Rompas North over 260 m strike by 120 m width. The distance between the most southerly and northerly channel sample was 5.4 km. Grab samples were taken over a strike of 1.9 km at Rompas South and 420 m in Rompas North. A total of 286 rock chip samples (including 47 highly radioactive samples) remain to be reported by the laboratory from the field program conducted this summer at Rompas.
"These results further demonstrate the high frequency and broad geographical extent of gold and uranium showings at Rompas. Many surface discoveries have been made of bonanza grade gold developed within multiple structures in an area with only 5-10% outcrop. We are also encouraged to see channels developing up to 2 metres in width, and gold content within individual samples continuing to show extraordinary grades." said Mr Hudson.
Being a new discovery the Rompas project is secured by claim applications. Deep drilling and trenching will be permitted on the granting of exploration claims. The granting of claims in Finland is currently slow and Mawson is working with the Finnish authorities to facilitate this process in the shortest possible time. The Company also remains in ongoing discussion with Finnish government authorities and landholders at Rompas to allow shallow drilling this winter beneath the glacial soil that covers 90-95% of the Rompas area. Further information regarding this work program is expected in the New Year.
About Mawson Resources Ltd (TSX:MAW, FRANKFURT:MRY, PINKSHEETS:MWSNF)
Mawson Resources Ltd is a resource acquisition and development company with METAL and ENERGY interests.
Mawson has distinguished itself as the leading Scandinavian uranium exploration company, with advanced projects in Sweden and Finland. As the European Union moves to reduce its reliance on carbon-based energy sources and continues to debate energy security, Mawson is well positioned to provide Europe with the option to fuel its future. Areva NC holds 9.5% of the Company and provides Mawson with a solid technical shareholder.
In addition, the Company is exploring for gold and copper in the highly prospective Cordillera of Peru, with a focus on a new gold-copper discovery at Alto Quemado.
With a strong cash position and a multi-jurisdiction European and South American portfolio, Mawson is ideally positioned to enhance its status as a leader in the uranium and gold industries.
Shares Outstanding: 49,747,253. Cash: approximately C$14 million.
On behalf of the Board,
Michael Hudson, President & CEO
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez +1 (604) 685 9316
Investor Relation Consultants - Mining Interactive
Nick Nicolaas +1 (604) 657 4058
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.
Mawson samples were analyzed by Au-ICP21, ME-MS41u, PGM-ICP27 and ME-MS61u techniques by ALS Chemex Ltd's laboratories in Pitea, Sweden and Vancouver, Canada. The qualified person for Mawson's Finnish projects, Erkki Vanhanen, Finnish Exploration Manager for Mawson with a designation of European Geologist for the European Federation of Geologists (EFG), has reviewed and verified the contents of this release.
Table 1: Second Reported Batch of Channel Samples from Rompas, Finland (0.2 g/t Au lower-cut)
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