https://www.miningweekly.com

Mawson Resources signs drill contract

7th December 2016

By: Anine Kilian

Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – TSX-listed Nordic exploration company Mawson Resources has initiated a more than 10 000 m diamond drill contract and 700-hole base-of-till drill programme at its 100%-owned Rompas-Rajapalot gold project, in northern Finland.

The company noted on Tuesday that the diamond drill programme would exceed 10 000 m, with over 50 holes planned, and that it would double the drill metres into the Rajapalot prospect.

This will be the first systematic, large-scale deep test of the area.

The first drill rig is expected to mobilise to site this week, with two diamond drill rigs being mobilised to the Rompas-Rajapalot site by mid-December 2016. Drilling will continue until April 2017.

"With a $6-million financing deal just closed, we are wasting no time in getting the rigs turning at Rajapalot as we begin our largest-ever drill programme,” noted Mawson CEO Michael Hudson.

He added that all permits were in place for this systematic and deep diamond drill testing that would double the amount of drilling completed in the area. 

“Our aim is to drill up to 4 km along strike and down dip from mineralisation discovered during this early stage drilling at Palokas, Finland,” said Hudson.

He added that fast and cost-effective grid base-of-till drilling would be used to discover and test targets within a 1 425 ha area around Palokas. 

Systematic base-of-till drilling of over 700 drill holes at 150 m spacing will be completed across a broad prospective sequence, masked by thin glacial soil cover.

More than 50 holes for 10 000 diamond drill metres are planned in the programme.

To date, 94 holes for only 5 972 m, with an average depth of 64 m, have been completed in the Rajapalot area.

Edited by Samantha Herbst
Creamer Media Deputy Editor

Comments

Showroom

M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024
Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.157 0.193s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: