(MENAFN- ProactiveInvestors)Mawson Resources (TSE:MAW OTCMKTS:MWSNF) has told investors that the first four holes from the Palokas prospect have all intersected the mineralized sequence. It added however that only lower tenor gold mineralisation has been discovered down-dip and along strike from previous drilling. "While we would have preferred a stronger start to the winter drill program at Palokas we remain mindful these holes are only the start of the first deeper drilling program that tests an extensive gold-bearing system' said Michael Hudson Mawson chief executive. 'Our targeting methods using the low resistivity IP and VTEM geophysics are working and clearly define the mineralized host horizon which we have now drilled over 1000 metres of strike and intersected in every drill hole.' Hudson added: 'As always high-grade gold distribution is complex and our drilling continues to help build up a picture of this extensive gold system."
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.