🕐07.04.15 - 16:00 Uhr
MAWSON RECOMMENCES DRILLING AT THE PALOKAS GOLD PROSPECT, FINLAND
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Re: News Release - Tuesday, April 07, 2015
Mawson Recommences Drilling at the Palokas Gold Prospect, Finland
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Vancouver, Canada -- Mawson Resources Limited ("Mawson") or (the
"Company") (TSX:MAW, Frankfurt:MXR, PINKSHEETS: MWSNF) reports the
commencement of a diamond drilling program to test the down-dip
extensions of mineralization at the Palokas gold prospect in Northern
Finland.
Key points:Mr.
Hudson, President & CEO, states, "We look forward to
significantly increasing the depth of drilling with the new rig and
testing down-dip extensions to near-surface mineralization already
discovered at the Palokas prospect.
The significant gold mineralization
intersected in earlier shallower drilling and the clear association
with geophysical anomalies provides good reason for optimism.
This is
the next step in the development of this exciting gold prospect."
Mawsons low-impact, hand-portable Winkie diamond core drill rig,
manned by contract staff, will be used for the program.
Drilling is
permitted until the end of April, and then can recommence in August
after the snow melt and the EU-defined bird habitat nesting period.
Access to the area can be made by skidoo while snow conditions permit.
Drill cuttings from the program will be collected and removed from
site.
In addition, the Company reports that a decision from the
administrative court is anticipated to be received during early Q2
2015.
This decision will consider the appeal by an NGO group against
the decision made by the Finnish mining authority, the Safety and
Chemical Agency ("TUKES"), in late June 2014, to grant Mawson modified
and renewed exploration claims titled Kairamaat 2 and 3 that cover a
surface area of 1,462 hectares at Mawsons Rajapalot gold project.
TUKES decision entitles Mawson larger drill rig within Natura 2000
biodiversity areas access during winter conditions and hand portable
rig access during summer conditions.
About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR,
PINKSHEETS:MWSNF)
Mawson Resources Limited is an exploration and development company.
Mawson has distinguished itself as a leading Nordic Arctic exploration
company with a focus on the flagship Rompas and Rajapalot gold projects
in Finland.
Technical Background
The qualified person for Mawsons Finnish projects, Mr Michael Hudson,
President & CEO for Mawson and Fellow of the Australasian Institute of
Mining Metallurgy has reviewed and verified the contents of this
release.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, President & CEO
Investor Information
www.mawsonresources.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Seema Sindwani +1 647-478-3017
Mariana Bermudez +1 604-685-9316
Email:
Forward Looking Statement
This news release contains forward-looking statements or
forward-looking information within the meaning of applicable securities
laws (collectively, "forward-looking statements").
All statements
herein, other than statements of historical fact, including statements
regarding anticipated exploration activities and the intended financing
are forward-looking statements.
Although Mawson believes that such
statements are reasonable, it can give no assurance that such
expectations will prove to be correct.
Forward-looking statements are
typically identified by words such as: believe, expect, anticipate,
intend, estimate, postulate and similar expressions, or are those,
which, by their nature, refer to future events.
Mawson cautions
investors that any forward-looking statements are not guarantees of
future results or performance, and that actual results may differ
materially from those in forward looking statements as a result of
various factors, including, but not limited to, capital and other costs
varying significantly from estimates, equipment failure, unexpected
geological conditions, permitting, operational delays, environmental
and safety risks, and other risks and uncertainties disclosed under the
heading "Risk Factors" in Mawsons most recent Annual Information Form
filed on www.sedar.com.
Any forward-looking statement speaks only as
of the date on which it is made and, except as may be required by
applicable securities laws, Mawson disclaims any intent or obligation
to update any forward-looking statement, whether as a result of new
information, future events or results or otherwise.
View the release in PDF format:
http://www.mawsonresources.com/i/pdf/MAW150407.pdf
81 KB in size, approx.
16 seconds to download at 56.6Kbps
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