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
Mawson Gold Limited (MWSNF) reported significant assay results from five diamond drill holes (MDDSC006-10) at its 100%-owned Sunday Creek project in Victoria, Australia. The best result was from hole MDDSC010, which intersected 7.0 metres at 6.0 g/t gold, including intervals of 18.5 g/t and 72.9 g/t gold. Drilling at the historic Gladys mine area has shown multiple high-grade vein structures with strong potential for further discoveries. Overall, 12 holes have been completed with ongoing drilling and assay results anticipated for antimony.
- MDDSC010 intersected 7.0 metres at 6.0 g/t gold, including multiple high-grade intervals.
- Strong gold results from various structures (Apollo, Central, Gladys) indicate rich mineralization.
- Drilling reveals potential for further discoveries along 500 metres of untested strike length.
- MDDSC006 showed no gold assay despite visible gold noted.
VANCOUVER, BC / ACCESSWIRE / February 11, 2021 / Mawson Gold Limited ("Mawson" or the "Company") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce assay results from five further drill holes (MDDSC006-10) from the
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 and3.2% 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 and5.0% 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
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
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, | Further Information |
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 | Depth | Date |
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 | To | Width | Au |
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 | To | Width | Au |
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 |
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FAQ
What are the latest assay results from Mawson Gold's Sunday Creek project?
The latest assay results from five drill holes indicated high gold grades, with MDDSC010 showing 7.0 metres at 6.0 g/t gold.
What is the significance of drill hole MDDSC010 for Mawson Gold?
Drill hole MDDSC010 is significant as it reported the best results to date from the Gladys mine area, enhancing the potential of the Sunday Creek project.
How many drill holes have been completed at Sunday Creek?
Mawson Gold has completed twelve drill holes at the Sunday Creek project, with ongoing drilling efforts.
What were the results from drill hole MDDSC006?
Drill hole MDDSC006 intersected 0.6 metres at 4.4% antimony but no gold assay was returned.
What further drilling plans does Mawson Gold have for Sunday Creek?
Mawson plans to test over 500 metres of untested strike potential and continue drilling along the 11-kilometre historic mine trend.
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