Frankfurt - MRY (WKN# A0B 8YJ)
Pinksheets - MWSNF
- The Company has now completed the purchase of 100% of a company which holds the option to acquire the Alto Quemado gold-copper project in the mineral-rich Southern Peru Mineral Belt
- Alto Quemado is a significant new discovery in Peru
- Two styles of mineralization have been identified at Alto Quemado:
States Michael Hudson, Mawson President & CEO: “Mawson has been exploring the Alto Quemado site for 3 months and has conducted extensive mapping and sampling which has significantly increased our understanding of the property. Results from these programs will be released as they become available. The Company is currently rehabilitating the artisanal workings to map and sample the high-grade gold structures beneath the leached surface cap as well as grid sampling the Santa Maria porphyry area. Once Mawson has finalized our agreements with AQMC, we look forward to advancing environmental permitting to enable the project to be drill tested in 2011.”
With the completed 100% purchase of the gold-copper ‘Alto Quemado’ project in Peru, we can look forward to steady news-flow from Mawson not only from its Alto Quemado project but also from its new discovery at ‘Rompas’ in Northwest Finland, a project with Bonanza Grades and 150 sites identified to date over a 6km strike-length where 40 assays produced up to 373 oz/ton gold and 43.6% uranium.
With regard Rompas in Finland and Alto Quemado in Peru, Michael Hudson CEO had this to say in a September 6, 2010 interview:
“Exploration is an enticing business that can change dramatically with one result in the very short term, as evidence by the renewed interest in Mawson and its Rompas property.
Nevertheless, our vision is simple. At Rompas our desire is to outline a major gold discovery. Initial surface indications of the grade of grab samples taken over a 6km trend are very encouraging; however a lot of rigorous and diligent exploration work remains in order for Mawson to succeed in its vision.
Similarly in Peru the vision is to make a major discovery to create large upside for Mawson investors. At Alto Quemado we have two targets on the one property: the porphyry zone and high grade gold structures. We aim to increase our exposure through Peru given Peru’s “elephant country” status to host world class ore bodies.”
Additionally the Company holds significant NI43-101 uranium resources in Scandinavia and is in a strong cash position.
Metals (Gold) & Energy (Uranium) Company!!!
METALS AND ENERGY IN SCANDINAVIA.
For more MAWSON information contact
Mining Interactive Corp.
"Ahead of the Pack"
|Nick L. Nicolaas (604) 657-4058|