Mawson grab samples up to 1,520 g/t gold at Rajapalot, Finland

VANCOUVER, Jan. 14, 2013 /CNW/ - Mawson Resources Limited ("Mawson") TSX - MAW; Frankfurt - MXR, PINKSHEETS- MWSNF has discovered further gold mineralization at the Rajapalot project in Northern Finland with grab samples returning up to 1,520 g/t gold.  Mineralization has now been discovered within an area of 4 square kilometres at Rajapalot, which lies 8 kilometres east of the initial Rompas gold discovery.

Highlights from the new results include:

• Discovery of new prospect area, Hirvimaa, located 1 kilometre north of previously known mineralization, where 17 surface grab samples returned up to 1,520 g/t gold (minimum 0.0 g/t gold) and 17,300 ppm uranium (minimum 0.1 ppm uranium) and averaged 55.5 g/t gold and 2,246 ppm uranium (Figures 1 and 2, Tables 1 and 2).
  
  
• Rock chip sampling across a strongly altered outcrop at the Palokas prospect averaged 13.4 g/t gold and 226 ppm uranium over 9 metres (Figures 3 and 4).  Mineralization is sampled to the overburden contact in both directions (Figure 4).  This is the widest zone of continuous gold mineralization found at Rompas-Rajapalot to date.  Additionally, the style of mineralization is more sulphidic and of a disseminated or replacement style, which differs from the vein style observed at Rompas.  A 1.4 kilometre by 1 kilometre ground based electromagnetic and magnetic geophysical survey is currently underway to test this area and determine extensions of this zone undercover (Figure 1).
  
  
• Results from limited channel sampling at Hirvimaa returned up to 2.0m at 21.5 g/t gold and 44 ppm uranium (Figure 2, Table 3).
  
  
• In total, 80 grab samples from the Rajapalot prospect to date average 152.0 g/t gold and 3,248 ppm uranium and range from 0.001g/t to 2,817 g/t gold and 0.1 to 81,900 ppm uranium (Tables 1 and 2, Figures 1-6);

Mr Hudson states, "The frequency of discovery at Rajapalot over such a large area is impressive given the limited outcrop, which is restricted to small topographic highs, in a generally swampy terrain.  Grades up to 1,520 g/t gold continue to excite and the disseminated and more sulphidic style of mineralization, such as that sampled at Palokas, is of interest as it forms a potential bulk tonnage style of mineralization that is amenable to geophysical targeting undercover."   

A summary of sample statistics is shown in Table 1 and all results received to date are shown in Tables 2 and 3.  Channel samples are considered representative of the in-situ mineralization sampled and channel widths quoted approximate the true width of mineralization; rock chip panel sampling is considered moderately representative of in-situ mineralization, while grab samples are selective by nature and are unlikely to represent average grades on the property.

In other news, diamond drilling is ongoing 8 kilometres west of Rajapalot, at the North Rompas prospect. Drilling is targeting structures containing high grade gold, where channel sample results include 1.40 m at 2,529 g/t gold and 5.1 % uranium oxide. To date 25 holes for 2,095 metres have been completed.  First results are expected to be received over the next 3 to 4 weeks.

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 Pitea, Sweden 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.  Three NORM samples were analyzed at SRC Geoanalytical Laboratories, Saskatchewan, Canada, by ICP1 Partial Digestion except for gold which was analyzed by Fire Assay.  The qualified person for Mawson's Finnish projects, Mr Terry Lees, VP Exploration for Mawson and Fellow of the Australian Institute of Geoscientists 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:  Summary statistics from all grab samples taken from the Rajapalot discovery to date.
Prospect		Number of Samples		Approximate Area		Max Au g/t		Min Au g/t		Average Au g/t		Max U ppm		Min U ppm		Average U ppm		Sample Type
Joki		14		800m x 150m		2,817		0.00		453.7		81900		3.7		12544		6 Outcrops, 8 Boulders
Palokas		17		170m x 55m		85.0		0.00		20.7		15100		2.5		1331		15 Outcrops,  2 Boulders
Rumajarvi		32		700m x 250m		1,380		0.00		85.6		4870		2.7		732		8 Outcrops, 24 Boulders
Hirvimaa		17		300m x 100m		1520		0.00		55.5		17300		0.1		2246		8 Outcrops, 9 Boulders
TOTAL		80				2,817		0.00		152.0		81900		0.1		3248		37 Outcrops, 43 Boulders

Table 2: All assay results from prospecting grab samples from the Rajapalot area:
Prospect			Sample Number			Sample Type			Au g/t			U ppm			Date Reported
Joki			231332			outcrop			2817.0			81900			29-Oct-12
Joki			222353			outcrop			2196.0			45100			29-Oct-12
Joki			231330			outcrop			933.0			7540			29-Oct-12
Joki			231422			boulder			148.0			23600			29-Oct-12
Joki			231331			boulder			136.0			1670			29-Oct-12
Joki			231836			boulder			52.2			433			29-Oct-12
Joki			231835			outcrop			41.4			4400			here
Joki			222386			boulder			25.0			411			here
Joki			222385			boulder			0.7			59.2			here
Joki			231333			boulder			0.1			8540			29-Oct-12
Joki			231837			outcrop			0.1			18			29-Oct-12
Joki			222387			boulder			0.0			373			here
Joki			231423			boulder			0.0			1040			4-Sep-12
Joki			231347			outcrop			0.0			4			4-Sep-12
Palokas			231417			outcrop			85.0			16			4-Sep-12
Palokas			231810			outcrop			66.3			13			4-Sep-12
Palokas			231418			outcrop			63.6			790			29-Oct-12
Palokas			231839			outcrop			53.8			31			29-Oct-12
Palokas			222375			outcrop			20.5			4			Here
Palokas			231838			outcrop			19.6			7			29-Oct-12
Palokas			222372			outcrop			12.5			238			29-Oct-12
Palokas			222376			outcrop			8.3			3			Here
Palokas			222374			outcrop			7.5			14			Here
Palokas			222377			outcrop			4.5			5			Here
Palokas			222378			outcrop			4.0			10			Here
Palokas			231419			outcrop			2.2			3790			29-Oct-12
Palokas			222379			outcrop			1.6			10			Here
Palokas			231843			boulder			1.4			75			29-Oct-12
Palokas			231420			outcrop			0.5			15100			29-Oct-12
Palokas			231421			outcrop			0.1			64			4-Sep-12
Palokas			231814			boulder			0.3			2550			Here
Rumajarvi			231817			boulder			1380.0			1070			Here
Rumajarvi			231340			boulder			1245.0			2750			29-Oct-12
Rumajarvi			231819			boulder			33.0			500			29-Oct-12
Rumajarvi			231416			outcrop			22.7			630			29-Oct-12
Rumajarvi			231805			boulder			14.4			301			4-Sep-12
Rumajarvi			231806			boulder			11.3			460			4-Sep-12
Rumajarvi			231336			boulder			9.4			18			4-Sep-12
Rumajarvi			231339			boulder			7.1			2500			4-Sep-12
Rumajarvi			231818			boulder			4.6			301			29-Oct-12
Rumajarvi			231338			boulder			3.30			420			4-Sep-12
Rumajarvi			231428			boulder			2.0			1890			Here
Rumajarvi			231833			boulder			2.0			7			29-Oct-12
Rumajarvi			231803			outcrop			1.3			75			29-Oct-12
Rumajarvi			231337			boulder			0.9			460			4-Sep-12
Rumajarvi			231832			boulder			0.6			389			29-Oct-12
Rumajarvi			231809			outcrop			0.5			23			4-Sep-12
Rumajarvi			231841			outcrop			0.4			36			29-Oct-12
Rumajarvi			231804			boulder			0.3			2340			29-Oct-12
Rumajarvi			222370			outcrop			0.2			33			29-Oct-12
Rumajarvi			231834			boulder			0.1			485			29-Oct-12
Rumajarvi			231807			boulder			0.1			4870			29-Oct-12
Rumajarvi			231808			outcrop			0.1			28			4-Sep-12
Rumajarvi			231335			outcrop			0.1			31			4-Sep-12
Rumajarvi			231342			boulder			0.1			91			4-Sep-12
Rumajarvi			231840			boulder			0.1			120			29-Oct-12
Rumajarvi			231415			outcrop			0.0			7			4-Sep-12
Rumajarvi			231820			boulder			0.0			31			29-Oct-12
Rumajarvi			231831			boulder			0.0			59			29-Oct-12
Rumajarvi			231341			boulder			0.0			580			4-Sep-12
Rumajarvi			231830			boulder			0.0			1850			Here
Rumajarvi			231829			boulder			0.0			5			29-Oct-12
Rumajarvi			231816			boulder			0.0			337			29-Oct-12
Hirvimaa			232194			boulder			1520.0			17300			Here
Hirvimaa			232198			outcrop			858.0			1570			Here
Hirvimaa			232187			boulder			253.0			14650			Here
Hirvimaa			232197			outcrop			83.8			1760			Here
Hirvimaa			232186			boulder			1.42			11			Here
Hirvimaa			232199			outcrop			1.3			2			Here
Hirvimaa			232193			boulder			0.9			690			Here
Hirvimaa			232185			boulder			0.7			2120			Here
Hirvimaa			232192			outcrop			0.5			43			Here
Hirvimaa			232196			outcrop			0.0			2			Here
Hirvimaa			237204			outcrop			0.0			0			Here
Hirvimaa			237209			boulder			0.0			7			Here
Hirvimaa			237203			boulder			0.0			1			Here
Hirvimaa			237202			boulder			0.0			1			Here
Hirvimaa			232779			outcrop			0.0			15			Here
Hirvimaa			237205			boulder			0.0			1			Here
Hirvimaa			237207			outcrop			0.0			13			here

Table 3:  Summary of trenches samples from the Hirvimaa prospect at the Rajapalot prospect.
Lower cut-off of 0.1 g/t gold over 1 metre.
Trench			Total length			From			To			Interval			Au g/t			U ppm
Trench 115408			4.4			1.6			3.6			2			21.5			43.9
			includes			2.4			2.9			0.5			85.6			173
Trench 115409			2.4			0.7			1.8			1.1			0.67			610
Trench 115410			3			2.4			3			0.6			0.264			0.5

 

 

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SOURCE: Mawson Resources Ltd.

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