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FINNISH AUTHORITIES GRANT
MAWSON RESOURCES ONE OF THE NATION'S LARGEST KNOWN URANIUM DEPOSITS
THE HISTORIC NUOTTIJÄRVI RESOURCE
CONTAINING 2.9 MILLION POUNDS OF U3O8
Whereas the Data is historical in nature and was compiled prior to the implementation of NI 43-101 reporting standards, the Company will immediately complete a NI43-101 compliant resource report and commence metallurgical test work.
The Historical Resource was based on 43 diamond drill holes for 6,679 metres, drilled on a 50-metre-by-50-metre drill pattern. The mineralized body is approximately 40 metres thick, extends from surface to a vertical depth of 80 metres, trends over a strike length of more than 400 metres, and remains open along strike and at depth;
Better drill intersections at Nuottijärvi included:
PLT- NU-017: 40.7m for 0.08% U3O8 from 59.9m;
PLT- NU-011: 33.4m for 0.06% U3O8 from 17.8m,
including 3.8m @ 0.13% U3O8;
PLT- NJ-033: 40.3m for 0.05% U3O8 from 23.0m;
PLT - NU-004: 179.8m for 0.04% U3O8 from 18.1m.
States Michael Hudson, Mawson President & CEO
Mawson is extremely pleased to have gained secure title to the Nuottijärvi historical resource. The near-surface width of mineralization in combination with the open-ended mineralized body forms a significant exploration target for the Company and further strengthens our European uranium portfolio. The Company will complete a NI43-101 compliant resource and commence metallurgical test work.
Now let's see what Mawson has in store for us in September?
And here it is, overnight the shareholders of this dynamic company have been handed another 2.9 million pound historic resource in Finland where presently 26% of the total electricity supply comes from nuclear energy and where the Country imports all of its required uranium for its nuclear reactors.
Here is the way I see it:
Mawson is trading close to cash in the Bank (C$11M); and
It has 19 uranium projects across a multi-jurisdiction European portfolio, including 5 advanced projects which include the Hotagen project in Sweden where recent results include the discovery of sixty-six individual outcropping uranium mineralized areas within Mawson's exploration clams over an area of 8 kilometres by 7 kilometres and a NI43-101 compliant indicated resource of 3.3 million pounds at 0.08% U3O8 at (Kläppibäcken); and
Its new project, Kapell in Sweden where three claims over a 15 km trend host high grade sandstone hosted/roll front mineralization where better drill intersections include: 2.65 m @ 1.54% eU3O8 from 21.8 m (drill hole AVI75402) and 2.65 m @ 1.05% eU3O8 from 3.2 m (drill hole AVI75401); and
The Don Benito project in Extremadura, Spain with 32 kilometers of strike length and 26 surface radiometric prospects already defined along strike from an historic open pit uranium mine.
Mawson has 38,000,555 shares on issue and Friday's close was 33 cents. I certainly will be on the bid and try to extend my shareholdings in the Company while enjoying this exciting Mawson hard-asset train ride.
Stay Closely Tuned!!!
Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"
Mawson Resources holds significant uranium resources in the nuclear energy reliant countries of Spain, Sweden and Finland.
As the European Union reduces its reliance on carbon-based energy sources, Mawson is well placed as the Company develops its exploration portfolio towards the sustainable production of uranium in the shortest possible time frame.