Mawson Resources has announced that the best drill hole of the 2020 winter season at its Palokas prospect in northern Finland returned 7.2 m grading 21.7 g/mt gold from 267.9 m down hole, including 2 m grading 52.7 g/mt gold from 271.0 m. The hole is a 120-m step-out that further extends high-grade gold beyond previously defined resources.

The 2020 drill program aims to extend and infill mineralization and provide data to allow re-estimation of the previously announced December 2018 resource during the third quarter of 2020. The Palokas deposit remains open at depth and along strike.

Mawson Chairman and CEO Michael Hudson commented, “Improving grade and continuity of high-grade gold-cobalt mineralization at depth is particularly encouraging. Strong news flow is anticipated to continue over the coming months, with only 13 holes reported from a total 34 holes drilled to date, with drilling ongoing.”

Mawson Resources is a Canadian company headquartered in Vancouver, British Columbia.