Mawson's Uranium Investigation Permits Granted at Don Benito in Spain
Vancouver, Canada -- Mawson Resources Limited ("Mawson") TSX -- MAW; Frankfurt -- MRY. Michael Hudson, President & CEO, advises that Mawson's Don Benito Uranium exploration Investigation Permits in Spain have been granted.
The Don Benito Uranium Investigation Permits lie in the La Haba district, Extremadura region of south-western Spain, in one of two principal historic uranium mining and processing areas in the country. Two "Permisos de Investigación" (12684-D and 12686-D) totalling 14,972 hectares have been granted for an initial period of 3 years. The permits cover 3 historic project areas: La Haba, Corredor de la Guarda and Las Cruces-Manantial.
Twenty-six surface radiometric anomalies have been identified to date within the granted area. These anomalies are spread over 32 kilometres strike about a sediment-radiogenic granite contact which forms the uranium-bearing target horizon, indicating the potential scale of the mineral system. Thirty-two holes are known to have been drilled within the granted area.
The Don Benito uranium claims surround the La Haba open pit uranium mine and resource area which ceased operation in 1990. The mine and resource area are currently held within the 3,865 hectare La Haba State Mineral Reserve to which Mawson has no entitlement. Spanish Mining Law states that on lifting of a State Mineral Reserve, the mineral rights will fall to the holder of the overlying granted permits. Mawson remains in discussion with the Spanish authorities.
Mr Hudson states, "This is a significant milestone for Mawson in Spain. The potential for further uranium discoveries along strike from the La Haba mine area, within the granted areas is demonstrated by the 26 surface anomalies already identified by ground scintillometer surveying along the 32 kilometres of uranium host horizon. Mawson plans to initiate exploration by flying an airborne radiometric and magnetic survey over the large land package. We look forward to continuing discussions regarding the Mineral State Reserve area with the Spanish authorities. Consolidation of mineral tenure in the Don Benito area is one key for the successful development of the project."
The qualified person for the Mawson's Spanish uranium projects, 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.
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, President & CEO
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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.