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.
Story by ProactiveInvestors