Tous Actualités
Suivre
Abonner Mawson Resources Limited

Mawson Resources Limited

Mawson Releases Phase 2 Drill Results From Vargbacken, Sweden and Initiates Mining Study

Vancouver, Canada (ots/PRNewswire)

Mawson Resources Limited
("Mawson") TSXv - MAW. Mr Michael Hudson,  President, is pleased to
announce results from a Phase 2 drilling program  at the Vargbacken
project, Sweden. A total of 9 reverse circulation ("RC")  holes for
1024m were drilled. The results are presented in the attached  tables
1 and 2.
    Best RC drill results when applying a 0.5 g/t gold cut-off grade include:
    -   RC57: 3m at 7.1 g/t gold from 22m including 1m at 16.5 g/t gold from
        23m;
    -   RC56: 3m at 3.9 g/t gold from 77m including 1m at 10.3 g/t gold from
        78m;
    -   RC53: 11m at 3.9 g/t gold from 163m including 1m at 25.7 g/t gold
        from 163m;
    -   RC51: 2m at 5.0 g/t gold from 52m.
Gold at Vargbacken is visible, free and coarse grained, and occurs
in  multiple high grade "bonanza" structures within a 30-40m wide
gold  mineralized halo. The potential of this mineralized halo is
demonstrated by  applying a lower cut-off grade of 0.2 g/t gold where
RC53 intersected 46m  at 1.7 g/t gold from 141m, RC56 intersected 36m
at 1.2 g/t gold from 66m  and RC51 intersected 37m at 1.1 g/t gold
from 47m. It is not yet possible  to make a conclusive statement
defining true widths in the reported down- hole intercepts.
Higher grade gold mineralization has now been drill-delineated
over  250m strike and from surface to the extent of RC drilling at
160m depth,  and the project therefore will be evaluated in the
future for open pit  mining. Scout drilling and rock chip sampling
has identified gold  mineralization over a 1 kilometre trend to the
north and south of  Vargbacken. A drill hole plan and hole
coordinates can be found at
http://www.mawsonresources.com/index.php?page(equal sign)ProjectsVBN.
Combined with the encouraging results from the 2004 RC drill
program,  which included: 3m at 10.4 g/t gold, 10m at 8.6 g/t gold
and 14m at 19.8 g/ t gold in RC34, and 3m at 10.0 g/t gold and 16m at
3.3 g/t gold in RC43 ( see Mawson news releases Nov-29-2004 and
Dec-14-2004), the Company now has  sufficient information on the
size, orientation, grade and continuity of  mineralization to
commence a first pass, in-house mining study of  Vargbacken. This
study will identify the key commercial sensitivities that  will
determine further development of the project.
Mr Hudson comments: "Over the last 9 months, Mawson has
significantly  advanced the Vargbacken gold project. We have
completed 27 RC drill holes  and now have sufficient information to
commence an in-house mining study.  We have discovered bonanza grades
within a 30-40m wide lower grade halo,  and are encouraged by the
continuity of gold mineralization, which now  extends from surface to
the extent of our drilling at 160m vertical depth  along a 250m
strike. It is now time to study the economics of the project  to
determine the most expedient way of adding further value."
Mawson also reports that drilling at the Middagsberget gold
project,  located 4 kilometres from Vargbacken, is progressing well.
Four RC holes  for 294m have now been completed from an 8 hole
program. The drill rig will  return to Vargbacken to complete a final
drill hole once drilling at  Middagsberget is complete.
The qualified person for the Vargbacken and Middagsberget projects
is  Mark Saxon, a director and VP-Exploration for Mawson and a member
of the  Australasian Institute of Mining and Metallurgy. Mr. Saxon
has reviewed and  verified the contents of this news release.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, President & CEO
Forward Looking Statement. This news release contains certain
"forward-  looking" statements and information relating to the
Company that are based  on the beliefs of the Company's management as
well as assumptions made by  and information currently available to
the Company's management. Such  statements reflect the current risks,
uncertainties and assumptions related  to certain factors including,
without limitations, competitive factors,  general economic
conditions, customer relations, relationships with vendors  and
strategic partners, the interest rate environment, governmental
regulation and supervision, seasonality, technological change,
changes in  industry practices, and one-time events. Should any one
or more of these  risks or uncertainties materialize, or should any
underlying assumptions  prove incorrect, actual results may vary
materially from those described  herein. Neither the TSX Venture
Exchange nor the Frankfurt Deutsche Borse  have reviewed the
information contained herein and, therefore, do not  accept
responsibility for the adequacy or accuracy of this news release.
    Table 1 - Vargbacken Reverse Circulation Drill Hole Results June 2005,
    0.5 g/t Au Cut Off
    Location     Drill Hole       From         To        Width(1)    Gold(2)
                                   (m)         (m)         (m)        (g/t)
    Section 95N     RC58            27          30           3         1.3
                    RC58            41          42           1         2.7
                    RC58            49          52           3         2.0
                    RC58            74          77           3         1.7
    Section 95N     RC57            11          12           1         1.0
                    RC57            22          25           3         7.1
                 including          23          24           1        16.5
    Section 25N     RC56            36          39           3         1.3
                    RC56            51          52           1         3.0
                    RC56            66          67           1         1.2
                    RC56            71          75           4         1.1
                    RC56            77          80           3         3.9
                 including          78          79           1        10.3
                    RC56            81          82           1         1.9
                    RC56            89          90           1         4.8
                    RC56            98          99           1        10.5
    Section 25N     RC55            18          22           4         1.0
                    RC55            31          32           1         5.9
                    RC55            37          40           3         0.9
                    RC55            43          50           7         1.3
    Section 30S     RC54            73          74           1         1.5
    Section 60S     RC53            21          24           3         1.8
                    RC53            34          37           3         2.3
                    RC53           141         147           6         2.3
                    RC53           154         156           2         2.8
                    RC53           163         174          11         3.9
                 including         163         164           1        25.7
                    RC53           182         187           5         1.5
                 including         186         187           1         5.4
    Section 00N     RC52            83          84           1         1.5
                    RC52           106         109           3         2.1
                    RC52           114         116           2         2.5
                    RC52           120         121           1         1.1
                    RC52           125         128           3         1.2
                    RC52           140         141           1         1.1
    Section 00N     RC51            47          50           3         0.9
                    RC51            52          54           2         5.0
                    RC51            59          62           3         1.6
                    RC51            64          65           1         3.4
                    RC51            67          69           2         2.4
                    RC51            74          75           1         3.2
                   RC51(3)          80          84           4         1.9
    Section 00N    RC50(4)          42          43           1         1.1
                   RC50(4)          61          64           3         0.9
    Note 1: Calculated using a 1m minimum thickness and a 0.5 g/t gold lower
            cut. No upper cut applied.
    Note 2: Gold analyzed by 1kg bottle roll technique with leachwell
            accelerant and an atomic absorption spectroscopy finish by ALS
            Chemex Ltd's laboratory in Pitea, Sweden. Duplicates, repeats,
            blanks and known gold standards were inserted according to
            standard industry practice.
    Note 3: Drillhole terminated in mineralization.
    Note 4: Drillhole abandoned due to water inflows before target zone was
            intersected.
    Table 2 - Vargbacken Reverse Circulation Drill Hole Results June 2005,
    0.2 g/t Au Cut Off
    Location     Drill Hole       From         To        Width(1)    Gold(2)
                                   (m)         (m)         (m)        (g/t)
    Section 00N     RC51            47          84          37         1.1
    Section 00N     RC52           106         141          35         0.6
    Section 60S     RC53           141         172          46         1.7
    Section 25N     RC55             7          56          49         0.6
    Section 25N     RC56            66         102          36         1.2
    Note 1: Calculated using a 1m minimum thickness and a 0.2 g/t gold lower
            cut. No upper cut applied.
    Note 2: Gold analyzed by 1kg bottle roll technique with leachwell
            accelerant and an atomic absorption spectroscopy finish by ALS
            Chemex Ltd's laboratory in Pitea, Sweden.

Contact:

For further information: Investor Information:
www.mawsonresources.com, 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; Wayne Melvin, +1-(604)-619-6327, Email:
info@mawsonresources.com

Plus de actualités: Mawson Resources Limited
Plus de actualités: Mawson Resources Limited
  • 03.05.2005 – 07:55

    Drilling Commences at Vargbacken

    Vancouver, Canada (ots/PRNewswire) - Mawson Resources Limited ("Mawson") TSXv-MAW; Frankfurt-MRY. Mr Michael Hudson, President, is pleased to announce that the Phase 2 reverse circulation ("RC") drill program commenced today at the Vargbacken prospect in Northern Sweden. The program consists of 11 holes for 1,300m with the aim to extend and infill the higher grade mineralized block previously defined in the Phase 1 drill program. On completion of the Phase 2 program at ...