🕐16.06.10 - 23:13 Uhr
Mawson Increases Claim Holding And Releases NI43-101 Technical Report At The Rom
pas Gold-Uranium Project, Finland
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Re: News Release - Wednesday, June 16, 2010
Mawson Increases Claim Holding And Releases NI43-101 Technical
Report At The Rompas Gold-Uranium Project, Finland
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To view this news release in PDF, visit our website:
http://www.mawsonresources.com/i/pdf/2010-06-16_NR.pdf
Vancouver, Canada -- Mawson Resources Limited ("Mawson") TSX -- MAW;
Frankfurt -- MRY.
Mr Michael Hud-son, President & CEO, announces that
Mawson has significantly increased its ground holding at the recently
acquired Rompas gold-uranium project in Finland.
Mawson has now
secured 95,919Ha in the Rompas area, an eight time increase from the
original 11,870Ha acquired from Areva NC.
The new claim holdings
consist of 81,510Ha of Claim Reservations and 2,539Ha of Claim
Applications (Figure 1).
Mr Hudson states, "Rompas is a significant new discovery for Finland
and Mawson has taken the initiative to secure a large claim area over
the key prospective areas.
Given grades of up to 12,800 g/t gold and
43.6% uranium from surface grab sampling, the high density of these
showings and their distribution over a wide area, initial indications
suggest that mineralization-forming processes have been intensive and
widespread."
The Company has also filed a NI43-101 compliant technical report for
the Rompas project on www.sedar.com.
The report was prepared by Mr.
John Nebocat of PGS Pacific Geological Services, a qualified and
independent geologist.
The main conclusions of the report
are:
-Preliminary prospecting and sampling has shown that occurrences of
very high grade uranium and gold exist at Rompas.
-The extent of this mineralization on the Rompas claim block is at least
6 km NNW-SSE along its long axis but may extend further in either
direction.
-The mineralization appears to be hydrothermal in nature and
fracture-controlled, hosted mainly by metavolcanics which may in part
be skarnified and/or hornfelsed.
-Uraninite and native gold have been found in limonitic fractures within
the metavolcanics and gold has been panned from many samples of
limonitic colluvium.
-A possible intrusion-related, bulk-tonnage gold+uranium deposit would
be the conceptual target sought based on the observations made thus
far.
As previously reported in Mawson Press Release June 7, 2010, the Rompas
project is a new gold and uranium discovery made by AREVA in 2008.
Bonanza grade gold and uranium mineralization has been discovered at
surface over an area exceeding 6km in strike and 200m in width.
Mawson
grab sampled 21 sites; gold values ranged from trace levels to 1,830
g/t, or just over 53 oz/ton, and averaged 224 g/t (6.5 oz/ton).
Similarly, uranium values ranged from 2 ppm to 435,000 ppm (43.5%) and
averaged 36,088 ppm (3.6%).
AREVA assayed 20 samples from Rompas with
gold values ranging from 0.1 g/t to 12,800 g/t (373.3 oz/ton) and
averaged 1,146 g/t (33.4 oz/ton), Arevas uranium levels ranged from 13
ppm to 249,000 ppm (24.9%) and averaged 27,292 ppm (2.7%).
Grab
samples are selective by nature and are unlikely to represent average
grades on the property.
As is typical for northern Finland, outcrop
in the project area is not common.
To date, no systematic channel
sampling across structures has been undertaken.
About Mawson Resources Ltd (TSX:MAW, FRANKFURT:MRY, PINKSHEETS:MWSNF)
Mawson Resources Ltd is a natural resource acquisition and development
company with METAL and ENERGY interests.
Mawson has distinguished itself as the leading Scandinavian uranium
exploration company, with advanced projects in Sweden and Finland.
As
the European Union moves to reduce its reliance on carbon-based energy
sources and continues to debate energy security, Mawson is well
positioned to provide Europe with the option to fuel its future.
AREVA
is a major shareholder of Mawson, currently holding 11% of the Company
plus an option to purchase an additional 8% by exercising 4.2 million
purchase warrants at $1/share.
In addition, the Company is exploring for gold and copper in the highly
prospective Cordillera of Peru with a focus on a new high grade gold
discovery at Alto Quemado.
With a strong cash position and a multi-jurisdiction European and South
American portfolio, Mawson is ideally positioned to enhance its status
as a leader in the uranium and gold industries.
Shares Outstanding: 42,697,253.
Cash: approximately C$9.5 million.
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.
Quality Control.
Mawson samples were analyzed by ME-MS81, U-XRF05,
XRF-10, Au-GRA21 and Au-AA25 techniques by ALS Chemex Ltds
laboratories in Pitea, Sweden and Vancouver, Canada.
Arevas samples
were assayed at the Labtium Oy laboratory in Rovaniemi, Finland by
methods 511P and 704P.
The results of the duplicate laboratory
analyses appear to be acceptable however no field standards or blanks
were included in the sample stream.
The qualified person for Mawsons Finnish projects, Erkki Vanhanen,
Finnish Exploration Manager for Mawson with a designation of European
Geologist for the European Federation of Geologists (EFG), has reviewed
and verified the contents 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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