🕐01.04.10 - 18:41 Uhr
Corporate Update: Alto Quemado Gold-Copper Project in Peru
=======================================================================
Re: News Releases - Thursday, April 01, 2010
Corporate Update: Alto Quemado Gold-Copper Project in Peru
=======================================================================
Vancouver, Canada -- Mawson Resources Limited ("Mawson") TSX -- MAW;
Frankfurt -- MRY.
Mr Michael Hudson, President & CEO, announces the
Company has assembled a field team to prepare for an 8 month field
campaign at the Alto Quemado gold-copper project in Southern Peru.
Mawson recently signed a Letter of Intent to acquire up to 100% of the
property in a Company news release dated March 8, 2010.
The field
campaign will consist of the first detailed mapping, sampling and
geophysical programs to be completed on the property with the aim of
defining drill targets that will be tested in 2011.
Additionally, summary web video presentations regarding this project
can now be downloaded from the following URLs:
.A shorter 3 minute web video overview at:
http://www.mininginteractive.com/videos/videos.php?
link=20100314_MawsonS&tabselect=mawson
.A longer 8 minute web video overview at:
http://www.mininginteractive.com/videos/videos.php?
link=20100314_Mawson&tabselect=mawson
Alto Quemado is a significant new discovery in Peru.
Mineralization
can be characterized as gold-copper low-sulphidation to transitional
porphyry style.
It was not until informal miners from 2001-2007
exposed a network of high-grade gold structures beneath a gold-depleted
weathered veneer that the true potential of the area was recognized.
Potential for two styles of mineralization have been identified at the
Property:
.High-grade near-term production gold target.
Low sulphidation
gold-copper mineralization present as multiple high grade
(25g/t Au in oxide and +40g/t Au in sulphide) mineralized
structures, typically 0.5m to 1.5m wide (locally up to 15m),
and traceable for greater than 3km.
Structures may contain significant
copper.
.Large tonnage copper-gold porphyry target.
The high-grade gold structures
are hosted within an extensive argillic alteration system and lie adjacent
to a leached porphyry exposed in outcrop that displays a strong IP response
over 1.8km by 500m (remains open).
Based on the IP signature, porphyry
textures at surface and proximity to large porphyry copper mines, potential
for the discovery of an underlying porphyry at the project is strong.
The qualified person for the Alto Quemado project, Michael Hudson,
director and President & CEO for Mawson, and a Fellow 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.
=======================================================================
Copyright (c) 2010 MAWSON RESOURCES LTD.
(MAW) All rights reserved.
For more information visit our website at
http://www.mawsonresources.com or send mailto:
=======================================================================
Products & Services | Jobs
|