Mawson drills 0.5 metres at 148 g/t gold uncut at South Rompas, Finland

VANCOUVER, April 3, 2013 /CNW/ - Mawson Resources Limited ("Mawson") TSX - MAW; Frankfurt - MXR, PINKSHEETS- MWSNF announces the second batch of drill results from the 2013 winter drilling program at the North Rompas, South Rompas and North Rajapalot prospects in Finland.  Results from the remaining 29 holes of a 51 diamond drill hole program are reported below.  The best intersection returned is 0.5 metres at 148 g/t gold and 0.42% U₃O₈ from 16.5 metres depth in drill hole ROM0074 at South Rompas.

Key points:

• Highlight results are 0.5 metres at 148 g/t gold and 0.42% U₃O₈ from 16.5 metres in drill hole ROM0074 and 1.4 metres at 17.6 g/t gold and 0.03% U₃O₈ from 5.8 metres in drill hole ROM0079 from South Rompas (Figures 1 and 2);
  
  
• At South Rompas, drilling has clearly defined a gold-mineralized envelope;
  
  
• At Rajapalot, drilling has intersected broad low-grade gold zone, 8 kilometres east of the Rompas trend;
  
  
• In total 51 drill holes have been completed this winter at Rompas-Rajapalot, with 29 drill holes for 2,462 metres drilled at North Rompas; 14 holes for 753 metres at South Rompas and 8 holes for 762 metres at North Rajapalot (Figure 1).

Mr. Michael Hudson, President & CEO, states, "The majority of the new results presented here, which include 0.5 metres at 148 g/t gold at a shallow depth are from South Rompas (Figure 2), where the vein-style gold mineralization is shaping up.  Notably, 9 of the 14 drill holes at South Rompas intersected gold bearing structures.  Bulk testing is now required to estimate the true grade of the gold which varies from bonanza grades to lower grades over short intervals.  It is also encouraging to see gold discovered in this program on lower priority geophysical targets at Rajapalot, 8 kilometres to the east of Rompas.

As previously discussed, a further 80% of highest priority targets on the Rompas-Rajapalot project remain within areas where the Company is not yet permitted to drill. This includes the extensive disseminated style mineralization discovered in 2012 at Rajapalot. Although Mawson holds the mineral rights within these areas, drilling is not permitted until the Company submits its environmental program and a modified claim decision is granted by the Finnish authorities. It remains critical to the development of the Rompas-Rajapalot project that we work in conjunction with the Finnish authorities to gain drilling access to our best exploration targets in the shortest possible timeframes."

Eight drill holes from North Rompas are reported, namely holes ROM0061 to ROM0068 (Figure 3). Holes ROM0061 - ROM0063 were drilled on wider cross sections at 100-200 metres spacing while holes ROM0064 to ROM0068 were drilled on 40-50 metre spaced crossed sections (Table 2).  Fourteen drill holes are reported from South Rompas, namely holes ROM0069 to ROM0082 (Figure 2).  These holes were drilled on 10-15 metre spaced crossed sections (Table 2).  Eight drill holes are reported from North Rajapalot, namely holes PAL001 to PAL007 (Figure 1).

Drilling at North Rajapalot encountered low grade mineralization, as evidenced in PAL0003 and PAL0003B which respectively intersected 2.5 metres at 0.3 g/t Au and 3.1 metres at 0.4 g/t Au. Although sub- economic, this additional information will help understand the controls and distribution of gold mineralization in this virgin area, located 8 kilometers east of Rompas (Figure 1).

At Rompas, the highest grade gold mineralization occurs in individual structures which may have a small horizontal footprint, perhaps less than the current drill spacing, within the much larger mineralized envelope.  To date, drilling has not defined the scale, orientation or the continuity of the high grade gold within the broader mineralized envelope.  The true thicknesses of the high grade structures remain unknown. However, down hole radiometric measurements are a good proxy for gold mineralization, and indicate that there are continuous zones of higher radioactivity with variable grades of gold mineralized structures, which now need to be tested via bulk sampling.

About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)

Mawson Resources Limited is a resource acquisition and development company. The Company has distinguished itself as a leading Scandinavian exploration company with a focus on the flagship Rompas-Rajapalot gold project in Finland.

On behalf of the Board,

"Michael Hudson"  
Michael Hudson, President & CEO

Technical Background

Samples were transported by Mawson personnel from site to ALS Chemex Ltd's laboratory in Piteå, Sweden or Sevillle, Spain where the samples were prepared and sent to ALS Chemex Ltd's laboratory in Vancouver, Canada to be analyzed by Au-ICP21, GRA-21, ME-MS41u, PGM-ICP27 and ME-MS61u techniques. The QA/QC program of Mawson consists of the systematic insertion of certified standards of known gold content, with blanks at the beginning of each batch.  In addition, ALS Chemex inserts a number of blanks and standards into the analytical process. The drilling was undertaken by ADC Arctic Drilling Company Ltd Oy of Finland who provided HQ diameter core. Drill recoveries are excellent and average close to 100% in fresh rock. After photographing and logging, core intervals averaging 0.7 metres in length were cut in half at the Geological Survey of Finland core facilities in Rovaniemi, Finland. These half core one metre samples weigh less than three kilograms. The samples were then transported by Mawson personnel to ALS Chemex Ltd's laboratory in Piteå, Sweden (or Seville, Spain) where the samples were prepared and sent to ALS Chemex Ltd's laboratory in Vancouver, Canada to be analyzed by Au-ICP21, GRA-21, ME-MS41u, PGM-ICP27 and ME-MS61u techniques. The QA/QC program of Mawson consists of the systematic insertion of certified standards of known gold content, with blanks at the beginning of each batch. In addition, ALS Chemex inserts a number of blanks and standards into the analytical process. The remaining half core is retained on site for verification and reference purposes. Test work has shown >90% of gold at Rompas to be fine and 100µm in diameter. The qualified person for Mawson's 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.

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 company's 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.

Table 1:  Best Results from drill holes ROM0061-ROM0068 (North Rompas) ROM0069-ROM0082 (South Rompas) and PAL0001-PAL0007 (North Rajapalot) (lower cut 0.5 g/t gold or 100ppm U308)
Drill holes ROM0060, 61, 62, 63, 64, 66, 69, 75 and PAL0001-007 did not contain results above the lower cut.

HoleID			Depth From (m)			Depth To (m)			Interval (m)			Au ppm			U308 ppm			Location
ROM0074			16.5			17.0			0.5			148.0			4162			South Rompas
ROM0079			5.8			7.2			1.4			17.6			270			South Rompas
ROM0080			32			33.4			1.4			9.2			20			South Rompas
ROM0081			41.3			42.5			1.2			7.7			267			South Rompas
ROM0078			55.4			56.1			0.7			3.1			215			South Rompas
ROM0073			0.55			1.4			0.85			0.8			33			South Rompas
ROM0073			4.2			5.6			1.4			1.3			14			South Rompas
ROM0068			30.3			31			0.7			2.5			1403			North Rompas
ROM0071			16			17.4			1.4			0.9			27			South Rompas
ROM0071			25.8			27.2			1.4			1.2			2			South Rompas
ROM0072			18.7			20.1			1.4			0.8			19			South Rompas
ROM0072			41.8			42.5			0.7			2.3			118			South Rompas
ROM0070			17.7			18.2			0.5			1.9			104			South Rompas
ROM0076			41.4			41.9			0.5			0.4			120			South Rompas
ROM0077			31.9			32.4			0.5			0.2			219			South Rompas
ROM0077			10.3			10.8			0.5			0.1			672			South Rompas
ROM0065			77.8			78.4			0.6			0.1			310			North Rompas
ROM0067			20.2			20.7			0.5			0.0			136			North Rompas
ROM0067			52.9			53.6			0.7			0.0			171			North Rompas

Table 2: Drillhole collar details from this news release (Finnish Grid KKJ Zone 3, located by GPS)

Hole ID			Easting			Northing			RL			Total Depth (m)			Dip			Azimuth
PAL0001			3408918			7374484			175.5			110.95			-45			135
PAL0002			3408911			7374426			175.5			98.75			-46			135
PAL0003			3409829			7374326			176.78			14.05			-45			150
PAL0003B			3409828			7374328			176.78			160.5			-45			150
PAL0004			3409940			7374270			176.5			121.5			-45			150
PAL0005			3409940			7374356			176.4			51.55			-45			150
PAL0006			3409973			7374302			174.4			95.5			-44			150
PAL0007			3411292			7374694			175			104.3			-45			150
ROM0060			3399290			7378459			105.85			81.1			-46			57
ROM0061			3399298			7378550			104.68			98			-46			58
ROM0062			3399298			7378550			104.57			88.8			-45			59
ROM0063			3399274			7378718			102.98			94.8			-45			57
ROM0064			3399353			7378386			109.47			101.2			-45			60
ROM0065			3399328			7378343			106.9			103.7			-45			57
ROM0066			3399287			7378313			105			100.3			-46			57
ROM0067			3399367			7378365			110.7			103.6			-46			57
ROM0068			3399351			7378300			106.72			60.5			-45			57
ROM0069			3401331			7373814			189.04			71.35			-65			77
ROM0070			3401351			7373819			189.6			59.7			-50			257
ROM0071			3401340			737393.4			190.4			37.2			-55			80
ROM0072			3401340			7373793			190.36			50.2			-68			80
ROM0073			3401359			7373797			190.87			25.8			-45			260
ROM0074			3401359			7373797			190.9			38.1			-66			260
ROM0075			3401371			7373772			190.82			44.8			-64			260
ROM0076			3401371			7373772			190.84			53.3			-46			260
ROM0077			3401367			7373783			190.25			41.3			-45			260
ROM0078			3401379			7373785			190			65.1			-50			260
ROM0079			3401358			7373811			189.9			53.35			-45			260
ROM0080			3401366			7373813			190.19			58.6			-45			260
ROM0081			3401366			7373813			190.19			62.9			-60			260
ROM0082			3401375			7373837			189.49			92.5			-59			260

 

 

 

PDF available at: http://stream1.newswire.ca/media/2013/04/03/20130403_C2153_DOC_EN_25070.pdf

PDF available at: http://stream1.newswire.ca/media/2013/04/03/20130403_C2153_DOC_EN_25071.pdf

PDF available at: http://stream1.newswire.ca/media/2013/04/03/20130403_C2153_DOC_EN_25072.pdf

SOURCE: Mawson Resources Ltd.

Investor Information
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Seema Sindwani [phone]
Email: [email protected]