🕐23.03.10 - 17:28 Uhr
Mawson Plans To Drill At 4 Uranium Prospects At Hotagen, Sweden
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Mawson Plans To Drill At 4 Uranium Prospects At Hotagen, Sweden
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Vancouver, Canada -- Mawson Resources Limited ("Mawson") TSX -- MAW;
Frankfurt -- MRY.
Mr Michael Hudson, President & CEO, announces Mawson
has received approvals and commenced a near-surface diamond drilling
program at 3 uranium prospects at the Hotagen uranium project in
northern Sweden.
Two hundred (200) shallow diamond drill holes for
1,200 metres are proposed to test bedrock for strike extensions of
uranium mineralization at known prospects beneath thin soil cover.
The
average depth of each hole is anticipated to be 6m.
The 3 project areas to be drill tested are located within 4 kilometres
of each other and are described below:
- Klppibcken North: Extending a previous drill grid 1.1 kilometres
north of Mawsons NI 43-101 compliant indicated resource of 3.3Mlb @
0.08% U3O8.
The new drilling will test a magnetic anomaly which is
interpreted to be the source of a uranium mineralized diabase boulder
train, consisting of 40 boulders over an area of 100 metres by 25
metres.
Five boulders were assayed by the Swedish Geological Survey
("SGU") in 1974 and ranged from 0.10% U3O8 and 0.74% U3O8 and averaged
0.52% U3O8.
- Ravinen: Targeting the source of a 150m long boulder train discovered
by the SGU in 1974.
This is the first public disclosure of the Ravinen
prospect, comprised of more than 100 boulders.
Historic assays ranged
between 0.003% U3O8 and 1.35% U3O8 and averaged 0.47% U3O8.
Mineralization is generally hosted in mylonitic granite, similar to
resource-status projects in the area.
Boulders appear to be very near
to their original bedrock source.
- Urban Hill: Drill testing a new high grade discovery recently made
by Mawson.
This program will test the strike extensions of four high
grade mineralized outcrops in a 150 metre by 20 metre area where assays
ranged from 0.04% eU3O8 to 2.90% eU3O8 and averaged 1.13% eU3O8, and a
soil covered area which measures 2 to 10 times the background
radioactivity in an area of 10 metres by 3 metres.
Mr Hudson states, "Mawson is committed to further develop its position
as the dominant uranium explorer in Scandinavia.
Mawsons geological
team has prioritized the most highly prospective sites from 21 separate
project areas that have been discovered at Hotagen and we look forward
to acquiring new drilling data from this exciting region."
Field assays ("eU3O8") were undertaken using a calibrated RS-230 BGO
spectrometer, operated by Mawson staff.
The qualified person for the
Mawsons 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.
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
Company Contact: Mariana Bermudez +1 (604) 685 9316
Investor Relation Consultants - Mining Interactive
Nick Nicolaas +1 (604) 657 4058
Email:
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
companys 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.
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Copyright (c) 2010 MAWSON RESOURCES LTD.
(MAW) All rights reserved.
For more information visit our website at
http://www.mawsonresources.com or send mailto:
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