Mawson Discovers New High-Grade GOLD IN Multiple Outcrops at East Rompas Sample Grades up to 851g/t GOLD
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE October 11, 2017
MAWSON DISCOVERS NEW HIGH-GRADE GOLD IN MULTIPLE OUTCROPS AT EAST ROMPAS
SAMPLE GRADES UP TO 851g/t GOLD
Vancouver, Canada – Mawson Resources Limited (“Mawson”) or (the “Company”) (TSX:MAW)
(Frankfurt:MXR) (PINKSHEETS: MWSNF) announces the discovery of a new trend of high-grade gold mineralization in
outcrop, located 500 metres east of Rompas.
Key Points:
Summer fieldwork has located a series of high grade outc rops with a 750 metre-long strike length, approximately
500 metres east of the Rompas trend;
A total of 50 samples have been collected from outcro ps over 750 metre strike from which gold grades range from
<0.05 g/t gold to 851 g/t gold, with an average of 21.6 g/t gold . Samples are outcrop grab samples, which
are selective by nature and are unlikely to represent average grades on the property;
Fieldwork continues in the area, with mini-drill sampling, rockchip sampling and geological mapping ongoing.
Geophysical surveys are planned to commence immediately with electromagnetic geophysics (VLF-R) and ground
magnetics to be undertaken. Diamond drilling is planned for November-December;
The area is fully permitted for diamond drilling within the recently permitted Männistö exploration permit area.
Mr Hudson, Chairman & CEO states, "The under-explored greenstone belts of Northern Finland present one of the most
exciting global gold exploration opportunities of recent ye ars, and Mawson’s long experience in the region is paying
dividends. The discovery is a credit to our increased geological understanding of the project, as well as the gold prospectivity
of our large, district-scale, 100 sq km mineral system under Maws on’s tenure. Although this is early days at East Rompas,
we are encouraged by the grade, style and strike length of th e discovery. With new gold di scoveries in outcrop and permits
already in place, we can quickly move to drill testing this new discovery area while we plan for a large winter drill program at
Rajapalot, located 8 kilometers east, commencing in January 2018.”
A total of 50 samples were taken from surface outcrops within a 750 metres by 50 metres area at East Rompas. Gold grades
range from <0.05 g/t gold to 851 g/t gold, with an average of 21.6 g/t gold (Figures 1 and 2). Samples are
outcrop grab samples, which are selective by nature and are unlikely to represent average grades on the property. The
discovery zone is located approximately 500 metres east of the 6 kilometre long Rompas high-grade veins system ( 6 metres
@ 617 g/t in drill hole ROM0011 ) in Mawson’s 100% owned Rompas-Rajapalot project in Northern Finland. The area was
prioritized through recent re-interpretation of the regional st ratigraphy, including the underst anding that disseminated gold
occurrences of the Rajapalot-style lie strati graphically adjacent to the high grade Ro mpas-style gold vein mineralization. The
area is fully permitted for diamond drilling and is located outs ide Natura 2000 areas, within the recently permitted Männistö
exploration permit area.
Gold mineralization in these newly discovered outcrops is hydrothermal, fracture controlled and associated with strongly
biotite-altered mafic rocks, believed similar to the Joki disc overy at Rajapalot. Most of the fracture-controlled gold
mineralization discovered to date occurs in strongly hydrotherm ally biotite-altered mafic rocks within a 750 metres long zone
(Photos 1 and 2). The width of the occurrence is uncertain, but is at least 20 metres. Outcrop is poor and forms less than
5% of the area. In the northern part of the discovery area, alteration is concentrated clos e to the eastern contact towards
metasediment/mafic contact. The biotite alteration appears to be a younger event than the amphibolite-facies foliations
developed in most of the adjacent rocks. The mafic rocks are variably magnetic and are hosted within calcsilicate and
quartz-rich rocks. Geologic mapping of the zone continues, accompanied by additional ground magnetics at 25 metre spacing
and VLF-R at 50 metre spacing. Diamond drilling will be undertaken in November-December.
Technical Background
The qualified person for Mawson's Finnish projects, Dr. Nick C ook, President for Mawson and Fellow of the Australasian Institute of Mining
Metallurgy has reviewed and verified the contents of this release.
Analytical samples were transported by Mawson personnel or commerc ial transport from site to the CRS Minlab Oy facility in Kemp ele,
Finland. Samples were prepared at Kempele and analyzed for gold at Raahe using the PA L1000 technique which involves grinding th e
sample in steel pots with abrasive media in the presence of cyanide, followed by measuring the gold in solution with flame AAS equipment.
The QA/QC program of Mawson consists of the systematic insertion of certified standards of known gold content, and blanks the w ithin
interpreted mineralized rock. In addition, CRS inserts blanks and standards into the analytical process.
About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)
Mawson Resources Limited is an exploration and development company. Mawson ha s distinguished itself as a leading Nordic Arctic
exploration company with a focus on the flagship Rompas and Rajapalot gold projects in Finland.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, Chairman & CEO
Further Information
www.mawsonresources.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez (Canada), Corporate Secretary, +1 (604) 685 9316,
Forward-Looking Statement
This news release contains forward-looking statements or forward-looking information within the meaning of applicable securitie s laws (collectively,
"forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements. Although Mawson believes
that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically
identified by words such as: believe, expe ct, anticipate, intend, estimate, postulate, and similar expressions, or are those, w hich, by their nature, refer to
future events. Mawson cautions investors that any forward-lookin g statements are not guarantees of future results or performanc e, and that actual results
may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, c apital and othe r costs varying
significantly from estimates, changes in world metal markets, changes in equity markets, planned drill programs and results var ying from expectations,
delays in obtaining results, equipment failure, unexpected geol ogical conditions, local community relations, dealings with non- governmental organizations,
delays in operations due to permit grants , environmental and safety risks, and other risks and uncertainties disclosed under th e heading "Risk Factors" in
Mawson's most recent Annual Information Form filed on www.sedar.c om. Any forward-looking statement speaks only as of the date o n which it is made
and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-l ooking statement, whether
as a result of new information, future events or results or otherwise.
Photo 1: Extremely high-grade, visible gold from a mini-drill sample taken from the East Rompas project (minidrill diameter 25mm). No sulphides present in
the sample.
Photo 2: Thousands of gold grains (in red ellipse) panned from carbonate-bearing biotite-altered mafic rocks from the East Rompas project. Scale of gold
tail in pan approxiamtely 4 centimetres.
Figure 1: The Rompas and East Rompas mineralization trends.
Figure 2: The East Rompas mineralization trend with location of grab sample and gold assays.