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Mawson Gold Limited (MWSNF) is a distinguished Nordic exploration company with a successful record in discovering, financing, and advancing mineral projects. The company holds the Skellefteå North gold discovery and a portfolio of historic uranium resources in Sweden. Mawson also holds a significant stake in Southern Cross Gold Ltd. (SXG), which owns high-grade epizonal goldfields in Victoria, Australia, including the Sunday Creek Au-Sb discovery.
SXG's Sunday Creek Project in Victoria continues to produce impressive results, with recent drilling at the Rising Sun prospect uncovering new high-grade vein sets at depth. Drill hole SDDSC118, the deepest on the project, extended mineralization 80 m down dip and intersected multiple high-grade structures, including three new vein sets. Notably, SDDSC118 recorded three >100 g/t AuEq x m intersections and two top 10 results for Sunday Creek, reaffirming the high-grade mineralization and continuity on the project.
Mawson Gold Limited (OTCPINK:MWSNF) announced the launch of its 2022 winter drill program at the Rajapalot gold-cobalt project in Finland. An 8,000 metre drill program is set for the next four months, with the first diamond rig on site as of January 11, 2022. The objective is to expand the exploration target beyond the existing 1 million ounce inferred resource. Mawson is leveraging a decade of geological experience to identify additional targets in the 170 km² area, highlighting the potential for significant resource growth.
Mawson Gold Limited (OTC PINK:MWSNF) announced significant planning and regulatory developments for its Rajapalot gold-cobalt project in Finland. The Regional Council of Lapland (Lapin Liitto) voted 42-6 in favor of permitting mineral development in Natura 2000 areas, marking a pivotal step towards mine development. The initiation of regional land-use planning formalizes Rajapalot's status as a future mining project and enhances stakeholder engagement. Mawson aims to minimize ecological impacts while exploiting one of Europe’s largest cobalt resources, contributing to global energy transition efforts.
Mawson Gold Limited (MWSNF) announced significant assay results from its Sunday Creek project in Victoria, Australia. Notable results include 11.7 metres at 12.4 g/t Au and 3.6% Sb in drill hole MDDSC025, the deepest hole to date. The project continues to show high-grade intersections, with eight exceeding 100 g/t x width. The company is progressing with a spin-out of its Australian assets into Southern Cross Gold, moving towards pre-IPO financing. Mawson aims to expand its exploration efforts, having completed 26 drill holes totaling 6,447.8 metres since mid-2021.
Mawson Gold Limited (MWSNF) successfully closed its public offering, raising C$5,500,050 by selling 36,667,000 common shares at C$0.15 each. The proceeds will support exploration and development of the Rompas-Rajapalot project in Finland, alongside general corporate purposes. CEO Ivan Fairhall expressed satisfaction with the financing, set to initiate drilling next month. An insider purchased 500,000 shares in a related party transaction, exempt from formal valuation. The offering is not registered under U.S. securities laws.
Mawson Gold Limited has filed a prospectus supplement for a public offering of 36,667,000 common shares at C$0.15 each, targeting gross proceeds of C$5,500,050. The offering aims to support the advancement of exploration and development at the Rompas-Rajapalot project in Finland and cover general corporate purposes. This follows a prior announcement on November 29, 2021, with the closing expected around December 9, 2021. The offering is conducted through Red Cloud Securities and Sprott Capital Partners, and the shares are not registered under U.S. securities laws.
Mawson Gold Limited (OTC PINK:MWSNF) announced voting results from its Annual General Meeting held on November 29, 2021. A total of 112,786,656 common shares, representing 43.96% of the issued shares, were voted. All proposed items passed, including the re-election of directors and the election of Ivan Fairhall. Mr. DeMare, who did not seek re-election, will continue as CFO. D&H Group LLP was re-appointed as auditors. Post-meeting, Mr. Hudson remains Executive Chairman, with Ivan Fairhall as CEO. The company remains focused on its gold-cobalt projects in Finland and Australia.
Mawson Gold Limited (MWSNF) announced a proposed public offering of common shares at C$0.15 per share, filing a preliminary prospectus supplement. Red Cloud Securities and Sprott Capital Partners will act as co-lead agents. The proceeds will fund exploration and development of the Rompas-Rajapalot project in Finland and general corporate purposes. A concurrent non-brokered private placement of common shares will also be pursued. Both offerings are subject to TSX approval, with no assurance on completion or terms.
Mawson Gold Limited (MWSNF) has announced the successful implementation of advanced Artificial Intelligence via New Exploration Technologies to optimize target identification at the Rajapalot project in Finland. The AI analysis produced comprehensive prospectivity maps based on extensive geophysical and geological data, aiding in the creation of direct drillable targets. The project encompasses a 183.5 km2 area, of which only 18 km2 has been focused on known mineralization, leaving 163 km2 underexplored. This innovative approach positions Mawson for enhanced exploration success.
Mawson Gold Limited (OTC PINK:MWSNF) has commenced drilling at its Whroo Joint Venture project in Victoria, Australia. The project covers a 14-kilometre historic goldfield, previously yielding over 40,000 oz of gold. Mawson plans two deep diamond drill holes to explore gold mineralization beneath the Balaclava open pit where historic drilling encountered notable gold grades.
The company aims to earn up to 70% interest in the joint venture through exploration expenditures of A$4.0 million over six years and cash payments totaling A$250,000.
Mawson Gold Limited (OTC PINK:MWSNF) announced an update regarding its Rajapalot project in Finland, revealing regional-scale prospecting that identified 8 new gold-cobalt prospects. The program, which spans a considerable extent of 14 km x 15 km, discovered high-grade samples including boulders with 546 g/t gold. Current exploration aims to confirm drill-ready targets ahead of the winter drill season, leveraging the company's first-mover advantage in the Peräpohja Schist belt. Mawson's past drilling defined a resource of 1.04 Moz at 3.0 g/t AuEq.
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