Mawson Drills 7.0 metres at 6.0 g/t Gold and 3.4 metres at 9.7 g/t Gold at Sunday Creek in Victoria, Australia
Vancouver, Canada — Mawson Gold Limited (“Mawson” or the “Company”) (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF - https://www.commodity-tv.com/ondemand/companies/profil/mawson-gold-ltd/) is pleased to announce assay results from five further drill holes (MDDSC006-10) from the 100%-owned Sunday Creek project in the Victorian Goldfields of Australia. All holes were drilled at the historic Gladys mine area. The project is an epizonal-style gold prospect located 56 kilometres north of Melbourne and contained within 19,365 hectares of granted exploration tenements.
Highlights:
- Diamond drillhole MDDSC0010 intersected 7.0 metres @ 6.0 g/t gold from 72.4 metres including 2.0 metres @ 18.5 g/t gold from 73.9 metres and 3.4 metres @ 9.7 g/t gold from 97.9 metres including 0.3 metres @ 72.9 g/t gold from 101.0 metres while testing the down dip extensions of the historic Gladys mine area. Antimony results are awaited. (Tables 1-3, Figures 1 and 2).
- Diamond drillhole MDDSC008, drilled 60 metres above MDDSC010, intersected 2.1 metres @ 7.6 g/t gold, 1.7% antimony from 67.7 metres including 0.7 metres @ 21.5 g/t gold and 5.0 % antimony from 73.9 metres and 0.2 metres @ 8.0 g/t gold, 3.9 % antimony from 95.0 metres;
- Diamond drillhole MDDSC007, drilled 60 metres to the SW of MDDSC010, intersected a broad 20 metre lower grade zone from 76.2 metres, that included 5.8 metres @ 2.2 g/t gold, 0.4 % antimony from 76.2 metres including 0.4 metres @ 22.3 g/t gold and 3.2 % antimony from 78.6 metres;
- Twelve drill holes (MDDSC001-012) with one hole in progress (MDDSC0013A) and one hole abandoned (MDDSC0013) for 1,955.4 metres have been now completed at the Sunday Creek gold project. Drilling continues.
Michael Hudson, CEO, states: “Sunday Creek continues to deliver with our first results from the Gladys mine area. Encouragingly the deepest hole, MDDSC010, reported here contains the best result reported to date from Gladys, and is reflective of drilling now testing below historic mined areas. Mawson has now drilled strong gold results from three individual sheeted vein structures: Apollo, Central and now Gladys. All areas remain open towards depth. Additionally, significant strike potential remains untested over 500 metres between and below historic mines, before we consider stepping out into the 11 kilometre historic mine trend.”
At Sunday Creek, historic gold mining occurred between 1880-1920 over a greater than 11 kilometre trend. Drilling during 1990-2000s focused on shallow, previously mined surface workings, covering an area of 100 metres in width, 800 metres length but, only to 80 metres average depth. As such, the entire field remains open along strike and to depth.
Within this, Gladys was the longest worked field on the historic project in the late 1800s and early 1900s, extending over 110 metres in a series of sheeted stibnite-rich veins, predominately hosted within a cataclastic faulted siltstone. Variable amounts of felsic dyke are present, but mineralization is not as intimately associated with the dykes compared to other areas on the project (ie the Apollo mine area).
A series of historic shallow aircore holes tested Gladys in the mid-1990s. Mawson results are in keeping with or exceed the shallow drillholes that tested oxide mineralization (Figure 2). Better historic results include:
- CRC028: 19 metres @ 2.7 g/t Au from 6 metres
- CRC026: 8 metres @ 6.3 g/t Au from 9 metres
- CRC006: 13 metres @ 3.4 g/t Au from 17 metres
- CRC007: 15 metres @ 2.9 g/t Au from 7 metres
Five diamond drill holes (MDDSC006-10) from Gladys are reported here (Tables 1-3, Figure 1):
- MDDSC006, drilled 50 metres up dip from MDDSC010, intersected 0.6 metres @ 4.4% antimony, with no gold returning in assay, despite the presence of visible gold being noted.
- MDDSC007, drilled 60 metres to the SW of MDDSC010, intersected a broad 20 metre lower grade zone from 76.2 metres, that included 5.8 metres @ 2.2 g/t gold, 0.4% antimony from 76.2 metres including 0.4 metres @ 22.3 g/t gold and 3.2% antimony from 78.6 metres.
- MDDSC008, drilled 60 metres up dip of MDDSC010, intersected 2.1 metres @ 7.6 g/t gold, 1.7% antimony from 67.7 metres including 0.7 metres @ 21.5 g/t gold and 5.0% antimony from 73.9 metres and 0.2 metres @ 8.0 g/t gold, 3.9% antimony from 95.0 metres.
- MDDSC009, drilled 50 metres NW from MDDSC010, intersected a broad zones of lower grade gold, with the best result being 1.7m @ 2.4 g/t Au from 67 metres. Antimony results are awaited.
- MDDSC0010 intersected 7.0 metres @ 6.0 g/t gold from 72.4 metres including 2.0 metres @ 18.5 g/t gold from 73.9 metres and 3.4 metres @ 9.7 g/t gold from 97.9 metres including 0.3 metres @ 72.9 g/t gold from 101.0 metres while testing the down dip extensions of the historic Gladys mine area. Antimony results are awaited.
Mineralization at Sunday Creek is hosted in late-Silurian to early-Devonian-aged shales and siltstones containing a series of dykes of felsic-intermediate composition. Gold is concentrated mainly in and around the EW to NE-SW trending felsic dykes, within predominately NW oriented brittle multiple sheeted veins and cataclastic zones. Individual high-grade quartz-stibnite veins at Apollo and Golden Dyke, and cataclastic zones at Gladys were the focus of historical mining at Sunday Creek. These zones have been proven to continue to depth by Mawson. Broader vein-hosted and cataclastic mineralization grading less than 15 g/t gold appears untouched by the historic miners.
Mawson has now drilled strong gold results from multiple sheeted vein structures within a 200 metre by 150m area (Figure 1) with over 500 metres strike to test between historic mines, before drilling will step out to test the broader 11 kilometre historic mine trend. Better results from individual structures include:
- Apollo (ie: drill hole MDDSC005: 4.2 metres @ 3.4 g/t gold from 88.0 metres and 11.8 metres @ 3.1 g/t gold from 123.7 metres),
- Central (ie: drillhole MDDSC002: 5.0 metres @ 5.2 g/t gold from 53.8 metres and 21.0 metres @ 3.4 g/t gold from 109.0 metres) and now
- Gladys (ie: drillhole MDDSC0010: 7.0 metres @ 6.0 g/t gold from 72.4 metres including 2.0 metres @ 18.5 g/t gold from 73.9 metres and 3.4 metres @ 9.7 g/t gold from 97.9 metres including 0.3 metres @ 72.9 g/t gold from 101.0 metres).
Mawson has now completed twelve drill holes (MDDSC001-012) with one hole in progress (MDDSC0013A) and one hole abandoned (MDDSC0013) for 1,955.4 metres at the Sunday Creek gold. Drilling continues. Assays from 10 out of the 12 completed holes have been released. Geophysical surveys (3D induced polarization and ground magnetics) have been completed.
Technical and Environmental Background
Tables 1–3 provide collar and assay data. The true thickness of the mineralized interval is interpreted to be approximately 70% of the sampled thickness. Gold-only intersections are reported with a lower-cut of 0.5 g/t gold over a 2.5 metre width except on the edge of calculated intervals where 1 metre @ >2.0 g/t gold was applied. No upper cut-off was applied.
A diamond drill rig from contractor Starwest Pty Ltd was used in the program. Core diameter is HQ (63.5 mm) and oriented with excellent core recoveries averaging close to 100% in both oxidized and fresh rock. After photographing and logging in Mawson’s core logging facilities in Nagambie, intervals were diamond sawn in half by Mawson personnel. Half core is retained for verification and reference purposes. Analytical samples are transported to On Site Laboratory Services’ Bendigo facility which operates under both an ISO 9001 and NATA quality systems. Samples were prepared and analyzed for gold using the fire assay technique (25 gram charge), followed by measuring the gold in solution with flame AAS equipment. Samples for multi-element analysis use aqua regia digest and ICP-MS methods. The QA/QC program of Mawson consists of the systematic insertion of certified standards of known gold content and blanks within interpreted mineralized rock. In addition, On Site inserts blanks and standards into the analytical process.
None of the historic drill data quoted have been independently verified at this time. These historical data have not been verified by Mawson and are quoted for information purposes only. Assay techniques for gold and antimony are unknown.
Qualified Person
Mr. Michael Hudson (FAusMM), Chairman and CEO for the Company, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure or Mineral Projects and has prepared or reviewed the preparation of the scientific and technical information in this press release.
About Mawson Gold Limited (TSX:MAW, FRANKFURT:MXR, OTCPINK:MWSNF)
Mawson Gold Limited is an exploration and development company. Mawson has distinguished itself as a leading Nordic Arctic exploration company with a focus on the flagship Rajapalot gold project in Finland. Mawson also owns or is joint venturing into three high-grade, historic epizonal goldfields covering 470 square kilometres in Victoria, Australia and is well placed to add to its already significant gold-cobalt resource in Finland.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, Chairman & CEO
Further Information
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez (Canada), Corporate Secretary,
+1 (604) 685 9316, info@mawsongold.com
In Europe:
Swiss Resource Capital AG
Jochen Staiger
Forward-Looking Statement
This news release contains forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements. Although Mawson believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, timing and successful completion of drill programs planned Sunday Creek, capital and other costs varying significantly from estimates, changes in world metal markets, changes in equity markets, the potential impact of epidemics, pandemics or other public health crises, including the current outbreak of the novel coronavirus known as COVID-19 on the Company’s business, planned drill programs and results varying from expectations, delays in obtaining results, equipment failure, unexpected geological conditions, local community relations, dealings with non-governmental organizations, delays in operations due to permit grants, environmental and safety risks, and other risks and uncertainties disclosed under the heading "Risk Factors" in Mawson's most recent Annual Information Form filed on www.sedar.com. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
Figure 1: Plan location of the Sunday Creek Project showing 11 km trend of historic mines (bottom left) and location of historic mine areas and drilling (top).
Figure 2: Longitudinal Cross Section of the Gladys Mine Area showing Mawson drillholes MDDSC006-MDDSC0010 reported here.
Table 1: Collar information from Mawson’s drilling at the Sunday Creek Project
Coordinate Reference System GDA94, Zone 55 (EPSG:28355)
Area
HoleID
Easting
Northing
Dip
Azimuth
RL (m)
Depth (m)
Date Reported
Central
MDDSC001
331080
5867769
-55.5
283.3
318
67
Central
MDDSC002
331085
5867771
-65.6
241.9
318
150.3
Rising Sun
MDDSC003
330776
5867892
-65.2
240.2
295
127.7
Golden Dyke
MDDSC004
330637
5867822
-44
240.5
321
280
Apollo
MDDSC005
331029
5867798
-45.5
89.6
311
160.1
Gladys
MDDSC006
331023
5867799
-39.4
237.1
311
99.6
Here
Gladys
MDDSC007
330985
5867712
-42
70
321.5
150.8
Here
Gladys
MDDSC008
331044
5867763
-52
253.2
320
99.2
Here
Gladys
MDDSC009
331013
5867799
-50
260
311
105.9
Here
Gladys
MDDSC010
331033
5867798
-60
214
310.5
151.3
Here
Gladys
MDDSC011
331042
5867798
-55
270
310
215.8
TBA
Apollo
MDDSC012
331172
5867842
-60
252.4
309
262.9
TBA
Apollo
MDDSC013
331170
5867842
-68
223
309
43.4
Abandoned
Apollo
MDDSC013A
331170
5867842
-68
223
309
41.4
In progress
Table 2: Intersections from the Sunday Creek. Intersections are reported with a lower cut of 0.5 g/t Au cut over 2.5 metre width, except on the edges of the calculated intervals where 1 metre @ > 2.0 g/t Au was applied.
No upper cut-off was applied
HoleID
From (m)
To (m)
Width (m)
Au g/t
MDDSC001
0
15.2
15.2
3.7
including
10.4
11.0
0.6
17.9
MDDSC002
17.2
18.0
0.9
1.9
MDDSC002
26.5
26.7
0.3
6.0
MDDSC002
39.0
41.0
2.0
1.3
MDDSC002
50.0
52.0
2.0
0.8
MDDSC002
53.8
59.0
5.2
5.0
including
53.8
54.09
0.29
79.4
MDDSC002
76.0
76.5
0.5
1.1
MDDSC002
96.0
96.6
0.6
2.3
MDDSC002
109.0
130.0
21.0
3.4
including
109.0
110.1
1.1
22.3
MDDSC002
143.0
144.0
1.0
1.9
MDDSC003
71.7
79.6
7.9
1.8
MDDSC003
83.6
84.5
0.9
1.0
MDDSC003
91.5
92.0
0.5
0.6
MDDSC003
115.6
116.0
0.4
1.5
MDDSC003
117.0
118.7
1.7
0.8
MDDSC005
88.0
92.2
4.2
3.4
MDDSC005
99.3
99.6
0.2
1.3
MDDSC005
100.4
103.4
3.0
VOID
MDDSC005
107.1
107.7
0.6
2.3
MDDSC005
108.8
109.0
0.2
3.0
MDDSC005
119.8
120.2
0.4
2.5
MDDSC005
122.9
123.2
0.3
2.0
MDDSC005
123.7
135.2
11.5
3.3
including
123.7
123.8
0.1
52.6
including
128.2
128.6
0.3
17.9
including
133.5
133.7
0.3
45.1
MDDSC005
88.0
135.5
47.5
1.3
MDDSC006
28.7
29.7
1.0
2.2
MDDSC006
32.7
33.5
0.8
0.9
MDDSC006
57.0
57.5
0.6
0.0
MDDSC007
76.2
82.0
5.8
2.2
including
78.6
78.9
0.4
22.3
MDDSC008
13.0
14.0
1.0
0.9
MDDSC008
15.0
16.0
1.0
0.4
MDDSC008
22.1
22.8
0.6
0.4
MDDSC008
25.7
26.6
0.9
1.4
MDDSC008
27.5
28.4
0.9
0.3
MDDSC008
31.2
33.6
2.5
1.0
MDDSC008
35.3
36.3
1.0
0.4
MDDSC008
67.7
69.8
2.1
7.6
including
67.7
68.4
0.7
21.5
MDDSC008
95.0
95.2
0.2
8.0
MDDSC009
23.8
26.2
2.4
0.5
MDDSC009
29.0
30.2
1.2
0.6
MDDSC009
30.5
30.7
0.2
0.9
MDDSC009
51.0
53.0
2.0
0.6
MDDSC009
67.0
68.7
1.7
2.4
MDDSC009
84.5
85.5
1.0
0.9
MDDSC010
39.5
42.5
3.1
4.3
including
40.9
41.5
0.6
19.2
MDDSC010
47.0
49.2
2.2
1.0
MDDSC010
50.2
50.4
0.2
0.4
MDDSC010
59.4
59.9
0.5
0.6
MDDSC010
70.4
70.6
0.2
0.7
MDDSC010
72.4
79.3
7.0
6.0
including
73.9
75.9
2.0
18.5
MDDSC010
82.3
84.6
2.3
0.9
MDDSC010
91.9
95.3
3.5
0.7
MDDSC010
97.9
101.3
3.4
9.7
including
101.0
101.3
0.3
72.9
MDDSC010
120.0
121.4
1.4
1.0
Table 3: Individual assay data (Au>0.3g/t) from drill holes reported in this press release.
HoleID
From (m)
To (m)
Width (m)
Au g/t
MDDSC006
28.7
29.7
1
2.21
MDDSC006
32.7
32.9
0.2
1.02
MDDSC006
32.9
33.5
0.6
0.84
MDDSC007
76.2
76.54
0.34
7.9
MDDSC007
76.54
77.2
0.66
0.46
MDDSC007
78.55
78.9
0.35
22.3
MDDSC007
78.9
79.9
1
0.54
MDDSC007
79.9
80.9
1
0.58
MDDSC007
81.26
81.98
0.72
0.65
MDDSC007
82.5
82.81
0.31
0.4
MDDSC007
83.95
84.87
0.92
0.3
MDDSC007
84.87
85.02
0.15
0.51
MDDSC007
85.02
86
0.98
0.64
MDDSC007
86.72
87.72
1
0.52
MDDSC007
87.72
88.72
1
0.89
MDDSC007
88.72
89.47
0.75
0.59
MDDSC007
89.47
89.7
0.23
0.32
MDDSC007
89.7
90.09
0.39
0.52
MDDSC007
90.09
90.25
0.16
0.79
MDDSC007
90.25
91.04
0.79
0.36
MDDSC007
95.94
96.37
0.43
0.6
MDDSC007
96.37
96.69
0.32
0.5
MDDSC008
5.25
6
0.75
0.45
MDDSC008
13
14
1
0.94
MDDSC008
15
16
1
0.42
MDDSC008
22.1
22.75
0.65
0.35
MDDSC008
25.7
26.6
0.9
1.4
MDDSC008
27.53
28.4
0.87
0.33
MDDSC008
31.19
31.8
0.61
0.34
MDDSC008
31.8
32.7
0.9
1.93
MDDSC008
32.7
33.64
0.94
0.52
MDDSC008
35.28
36.28
1
0.36
MDDSC008
67.19
67.35
0.16
0.3
MDDSC008
67.69
67.89
0.2
20.1
MDDSC008
67.89
68.4
0.51
22
MDDSC008
68.4
69.75
1.35
0.36
MDDSC008
95
95.15
0.15
8
MDDSC009
23.8
24.42
0.62
0.51
MDDSC009
24.42
25
0.58
0.44
MDDSC009
25
25.77
0.77
0.39
MDDSC009
25.77
26
0.23
0.89
MDDSC009
26
26.2
0.2
0.66
MDDSC009
29
29.41
0.41
0.56
MDDSC009
29.41
30.17
0.76
0.68
MDDSC009
30.17
30.31
0.14
0.3
MDDSC009
30.52
30.73
0.21
0.85
MDDSC009
51
52
1
0.63
MDDSC009
52
53
1
0.54
MDDSC009
67
67.6
0.6
3.58
MDDSC009
67.6
68.7
1.1
1.77
MDDSC009
84.5
85.5
1
0.9
MDDSC010
31.19
31.3
0.11
0.45
MDDSC010
39.45
40.3
0.85
0.91
MDDSC010
40.3
40.5
0.2
0.73
MDDSC010
40.5
40.9
0.4
1.6
MDDSC010
40.9
41.5
0.6
19.2
MDDSC010
42.1
42.5
0.4
0.41
MDDSC010
47.03
47.18
0.15
0.89
MDDSC010
47.18
47.9
0.72
0.5
MDDSC010
47.9
48.9
1
1.51
MDDSC010
48.9
49.22
0.32
0.43
MDDSC010
50.15
50.39
0.24
0.35
MDDSC010
59.38
59.88
0.5
0.64
MDDSC010
70.37
70.58
0.21
0.67
MDDSC010
72.37
73.2
0.83
1.22
MDDSC010
73.2
73.62
0.42
0.6
MDDSC010
73.62
73.88
0.26
2.08
MDDSC010
73.88
74.22
0.34
27.1
MDDSC010
74.22
74.8
0.58
1.38
MDDSC010
74.8
75.23
0.43
36.4
MDDSC010
75.23
75.85
0.62
17.4
MDDSC010
75.85
76.65
0.8
1.14
MDDSC010
76.65
77.65
1
0.65
MDDSC010
77.65
78.34
0.69
1.15
MDDSC010
78.34
79.34
1
1.28
MDDSC010
82.32
82.6
0.28
2.23
MDDSC010
82.6
83.6
1
0.65
MDDSC010
83.6
84.6
1
0.81
MDDSC010
91.88
92.85
0.97
0.31
MDDSC010
92.85
93.85
1
0.62
MDDSC010
93.85
94.85
1
1.23
MDDSC010
94.85
95.34
0.49
0.87
MDDSC010
96.8
97.54
0.74
0.39
MDDSC010
97.85
98.16
0.31
0.36
MDDSC010
98.16
98.5
0.34
0.68
MDDSC010
98.5
98.86
0.36
1.54
MDDSC010
98.86
99.84
0.98
2.06
MDDSC010
99.84
100.11
0.27
2.47
MDDSC010
100.11
100.48
0.37
8.5
MDDSC010
100.48
100.95
0.47
5.36
MDDSC010
100.95
101.28
0.33
72.9
MDDSC010
120
120.18
0.18
1.24
MDDSC010
120.18
120.83
0.65
1.02
MDDSC010
120.83
121.39
0.56
0.78