🕐19.01.10 - 23:00 Uhr
Mawson Commences Drilling At The Duobblon Uranium Project In Sweden
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Mawson Commences Drilling At The Duobblon Uranium Project In
Sweden
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Vancouver, Canada - Mawson Resources Limited ("Mawson") TSX - MAW;
Frankfurt - MRY.
Mr Michael Hudson, President & CEO, announces the
Company has commenced a near-surface diamond drilling program at its
Duobblon uranium project in Northern Sweden where an inferred
NI43-101-compliant resource of 13.8Mt at 0.03% U3O8 (8.8 Mlbs U3O8) has
previously been calculated.
Duobblon is an acid volcanic related uranium deposit, hosted within a
locally developed, shallowly dipping suite of sedimentary and
pyroclastic lithologies.
Mineralization extends from 3m below surface
to at least 300m vertical depth.
The host ignimbrite sequence is
approximately 60m thick and is known over a strike length in excess of
5 km.
The richest uranium concentrations occur as several 5-25m thick
and 1,000m long horizons within the ignimbrite.
The Company plans to drill 48 holes over a strike length of 5.7 km on a
grid pattern of 400m by 100m.
The average depth of each hole is
anticipated to be 6m.
The aim of the program is to test for potential
mineralized strike extensions along strike from the NI43-101 compliant
8.8Mlb inferred resource beneath the thin soil cover.
The Company now anticipates the planned shallow diamond drill program
within the Hotagen uranium project in Sweden will not commence before
summer 2010 as final approvals have been delayed.
Mr Hudson states: "We are pleased to have commenced drill testing
extensions of at Duobblon, which remains as Swedens largest hard rock
uranium resource.
The Company plans to create shareholder value in
2010 by further exploration of its diverse uranium exploration
portfolio in Scandinavia and potential new acquisitions."
On behalf of the Board,
"Michael Hudson"
Michael Hudson, President & CEO
Investor Information
www.mawsonresources.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez +1 (604) 685 9316
Investor Relation Consultants - Mining Interactive
Nick Nicolaas +1 (604) 657 4058
Email:
Forward Looking Statement.
The statements herein that are not
historical facts are forward-looking statements.
These statements
address future events and conditions and so involve inherent risks and
uncertainties, as disclosed under the heading "Risk Factors" in the
companys periodic filings with Canadian securities regulators.
Actual
results could differ from those currently projected.
The Company does
not assume the obligation to update any forward-looking statement.
The
TSX Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
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Copyright (c) 2010 MAWSON RESOURCES LTD.
(MAW) All rights reserved.
For more information visit our website at
http://www.mawsonresources.com or send mailto:
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