Mawson Resources Ltd (TSX:MAW, FRANKFURT:MRY, PINKSHEETS:MWSNF) is a resource acquisition and development company with METAL and ENERGY interests in Finland, Peru and Sweden.
The Company's flag ship property is the Rompas gold project in Finland, a new discovery with bonanza gold where samples up to 22,723 g/t (373 oz/ton) gold and 43.6% uranium have been identified.
On October 31 2011 the company announced the highlights from the first samples received from the 2011 exploration program at Rompas which included:
• Discovery of the best grade gold zone to date (1.40 m @ 2,529 g/t Au and 5.1 % U3O8 at North Rompas);
• Expansion of the known mineralized footprint in all directions;
• Demonstration of continuity of mineralization between previously isolated high grade mineralized sites over greater than 100 m;
• Identification of non-radioactive gold-only mineralized areas.
A detailed map showing the location and distribution of these and earlier channel and grab samples can be downloaded from the Company's website at
http://www.mawsonresources.com/i/maps/Rompas_PLANOCT312011.pdf.
In all, 152 diamond saw cut channel samples were collected in the 2011 field program, for a total 732.3 metres of sampling. The weighted average of all 74 channel intervals from the 2011 program at Rompas that exceed the lower cut-off of 0.1 g/t gold or 100ppm uranium over one metre is 1.40 m @ 51.9 g/t Au and 0.13 % U3O8. Lengths of the channeled intervals ranged from 0.2 m to 8.8 m and the cumulative length of all channels above the lower cut-off of 0.1 g/t gold or 100ppm uranium was 88.0 m. At this very early stage of exploration Mawson believes that Rompas has to be considered as one of the most exciting global gold discoveries (with a uranium credit) to emerge into the market place
Shares Outstanding: 51,645,753. Cash: approximately C$11.0 million.
The qualified person for all Mawson's projects, Mr. Terry Lees, VP President Exploration for Mawson, and a Fellow of the Australian Institute of Geoscientists, has reviewed and verified the contents of this website.
