Mawson Resources signs drill contract
JOHANNESBURG (miningweekly.com) – TSX-listed Nordic exploration company Mawson Resources has initiated a more than 10 000 m diamond drill contract and 700-hole base-of-till drill programme at its 100%-owned Rompas-Rajapalot gold project, in northern Finland.
The company noted on Tuesday that the diamond drill programme would exceed 10 000 m, with over 50 holes planned, and that it would double the drill metres into the Rajapalot prospect.
This will be the first systematic, large-scale deep test of the area.
The first drill rig is expected to mobilise to site this week, with two diamond drill rigs being mobilised to the Rompas-Rajapalot site by mid-December 2016. Drilling will continue until April 2017.
"With a $6-million financing deal just closed, we are wasting no time in getting the rigs turning at Rajapalot as we begin our largest-ever drill programme,” noted Mawson CEO Michael Hudson.
He added that all permits were in place for this systematic and deep diamond drill testing that would double the amount of drilling completed in the area.
“Our aim is to drill up to 4 km along strike and down dip from mineralisation discovered during this early stage drilling at Palokas, Finland,” said Hudson.
He added that fast and cost-effective grid base-of-till drilling would be used to discover and test targets within a 1 425 ha area around Palokas.
Systematic base-of-till drilling of over 700 drill holes at 150 m spacing will be completed across a broad prospective sequence, masked by thin glacial soil cover.
More than 50 holes for 10 000 diamond drill metres are planned in the programme.
To date, 94 holes for only 5 972 m, with an average depth of 64 m, have been completed in the Rajapalot area.
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