Mawson Drills 31.7 Metres at 8.4 G/T GOLD at Rajapalot, Finland Including 10.9 Metres at 21 G/T GOLD
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE MARCH 02, 2018
MAWSON DRILLS 31.7 METRES AT 8.4 g/t GOLD AT RAJAPALOT, FINLAND
INCLUDING 10.9 METRES AT 21 g/t GOLD
Vancouver, Canada — Mawson Resources Limite d (“Mawson”) or (the “Company”) (TSX:MAW)
(Frankfurt:MXR) (PINKSHEETS: MWSNF) announces positive drill results from the first five diamond drill holes
reported in the 2018 winter program at the Company’s 100% owned Rajapalot Project in Northern Finland.
Key Points:
Drilling to date at Rajapalot has focussed on expanding the si ze of the known gold prospects; Raja, Palokas,
South Palokas and Terry’s Hammer (Figure 1);
Twenty-one holes (PAL0083–PAL0104) have been complete d totalling 4,896 metres of diamond drill core. This
release outlines assay results from the first 5 holes reported (PAL0085, PAL0087, PAL0089, PAL0091 and
PAL0093) with results pending for the balance;
At the Raja prospect, drill hole PAL0093 intersected 31.7 metres @ 8.4 g/t gold from 244.1 metres, including
10.9 metres at 21.0 g/t gold from 252.2 metres;
This result represents the highest-grade x thickness interval drilled to date at Rajapalot;
PAL0093 was a step out hole drilled 120 metres and 290 metres respectively down plunge from 2017 drill
holes PAL0062 (13.5 metres @ 4.0 g/t gold from 180 metres) and PAL0075 (27.0 metres @ 3.3 g/t gold from
64.0 metres) (Figures 2 and 4);
Also, at Raja, PAL0085 intersected 9.9 metres @ 4.1 g/t gold from 124.0 metres, drilled 170 metres up
plunge from PAL0093 (Figure 3 and 4);
At the South Palokas Prospect, located 1,100 metres to the NNW of the Raja prospect, hole PAL0091
intersected 9.9 metres @ 2.5 g/t gold from 145.9 metres (Figure 5);
Drilling with three rigs continues 24/7 with additional ri gs planned to be added to the program over the coming
weeks.
Mr. Hudson, Chairman and CEO, states, "This is a great start to our winter campaign, delivering the best hole drilled at
Rajapalot to date. The grade x thickness interval in drill ho le PAL00093 puts Rajapalot in a league with some the best
exploration projects discovered globally over the past 6 mont hs. We look forward to announ cing further results as they
become available. We welcome all to Mawson's PDAC booth #2941 from 4 th to 7 th March, to discuss our work
programs and view representative samples of drill core from PAL0093.”
A plan view of the drill results is provided in Figure 1. Cross and longitudinal sectional views are included in Figures 2-5.
Tables 1-3 include all relevant collar and assay information. Assuming a pred ominant stratabound control, the true
thickness of the mineralized interval is interpreted to be approximately 90% of the sampled thickness. Many grains of
visible gold were recorded during core logging of PAL0085, PAL0091 and PAL0093. Quality control duplicates for all holes
show good repeatability of gold assays. Intersections are reported with a lower cut of 0.5g/t gold over 1 metre lower cut,
except PAL0091 and PAL0093 where 3 metes @ 0.5 g/t gold lower cut was employed. No upper cut-off was applied.
These drill results support the discovery of a new coherent mineralized body at the Raja prospect (ie PAL0093 31.7
metres @ 8.4 g/t gold from 244.1 metres) which has now been traced 300 metres from surface with mineralization
unconstrained laterally and down plunge. Drilling at Raja is no w focusing on testing consistent cross sections along the
extent of the body to extend the mineralized footprint. PAL0087, drilled 90 metres ENE of PAL0085 at the present easterly
extent of Raja, did not intersect significant mineralization an d infill drilling on this section is required to better define t he
controls on gold mineralization.
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At South Palokas broad lower grade mineralization has been discovered for the first time in the structural footwall
(PAL0091 3.1 metres @ 2.3 g/t gold from 248.6 metres), as well as intersecting known mineralization in an upper zone
(9.9 metres @ 2.5 g/t gold from 145.9 metres). PAL0089, drilled 70 metres up-dip from PAL0091, intersected low
grade mineralization (2.0 metres @ 1.2 g/t gold from 86.7 m and 1.0 metres @ 1.7 g/t go ld from 92.5 metres). It
interpreted that PAL0089 did not drill deep enough into th e structural footwall to test the mineralization subsequently
discovered in PAL0091. Further drilling is required to establis h controls and extensions of the South Palokas mineralized
system.
Mineralization at both Raja and South Palokas is different from the Palokas prospect and consists of sulphide
(pyrrhotite>>pyrite), magnetite, biotite, muscovite and chlorite hydrothermal mineral assemblages hosted in
predominately grey albitites. Textures range from veined albitic granofels through fractured and brecciated to locally
schistose. Veining and fracture fill minera ls include pyrrhotite, magnetite and ma gnetite-pyrrhotite (+/- quartz). Local
retrograde chlorite after biotite and vein-controlled chlori te+/- tourmaline and magnetite are also present. Preliminary
hand-held XRF analysis confirms the presence of associated scheelite and molybdenite, the former visible under UV light
as tiny veinlets and disseminations. The iron-rich nature of the mineralized rocks is a common theme in either the oxide
or sulphide form, with a variably sulphidic and chloritic overprint. The alteration is clearly post-metamorphic, reduced, and
most likely driven by granitoid intrusions. Chlorite is regard ed as the lowest temperature silicate mineral with gold,
structurally controlled in apparent spatia l association with quartz and/or K-feld spar veins. Altered rocks enclosing the
mineralized package contain locally abundant talc and tourmaline.
Technical and Environmental Background
Three diamond drill rigs (K1 & K2) from the Arctic Drilling Company OY (“ADC”) an d MK Core Drilling OY (“MK”), all with water
recirculation and drill cuttings collection systems were used for the drill program. Co re diameter is NQ2 (50.7 mm) diameter co re. Core
recoveries were excellent and average close to 100% in fresh ro ck. After photographing and logging in Mawson’s Rovaniemi facilities,
core intervals averaging 1 metre for mineralized samples and 2 metr es for barren samples were cut in half at the Geological Sur vey of
Finland (GTK) core facilities in Rovaniemi, Finland. The remaining half core is retained for verification and reference purpose s.
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 PAL1000 technique which involves grinding th e
sample in steel pots with abrasive media in the presence of cyan ide, followed by measuring the go ld in solution with flame AAS
equipment. The QA/QC program of Mawson consists of the systematic insertion of certified standards of known gold content, duplicate
samples by quartering the core, and blanks the within interpreted mineralized rock. In addition, CRS inserts blanks and standar ds into
the analytical process.
The qualified person for Mawson's Finnish projects, Dr. Nick Cook , President for Mawson and a Fell ow of the Australasian Instit ute of
Mining Metallurgy has reviewed and verified the contents of this release.
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. Forwar d-looking statements are
typically identified by words such as: believe, expect, anticipa te, intend, estimate, postulate, and similar expressions, or ar e those, which, by their
nature, refer to future events. Mawson cautions investors that any forward-looking statements are not guarantees of future resu lts or performance, and
that actual results may differ materially from those in forward-looking statements as a result of various factors, including, b ut not limited to, capital and
other costs varying significantly from estimates, changes in worl d metal markets, changes in equi ty markets, planned drill prog rams and results varying
from expectations, delays in obtaining results, equipment fail ure, unexpected geological 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
the heading "Risk Factors" in Mawson's most recent Annual Information Form filed on www.sedar.com. Any forward-looking statement speaks only as of
the date on which it is made and, except as may be required by applicable securities laws, Mawson disclaims any intent or oblig ation to update any
forward-looking statement, whether as a result of new information, future events or results or otherwise.
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Figure 1: Plan of Rajapalot showing historic drilling, new results and location of cross sections in following figures.
Background: Ground magnetics TMI-RTP, higher resolution with 25m line spacing, lower resolution 50m line spacing
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Figure 2. Section showing new results from drillhole PAL0093 from Raja, Finland.
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Figure 3. Section showing new results from drillhole PAL0085 and PAL0087 from Raja, Finland.
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Figure 4. Longitudinal Section showing new results from drillholes PAL0085 and PAL0093 from Raja, Finland.
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Figure 5. Cross Section showing new results from drillholes PAL0091 and PAL0089 from South Palokas, Finland.
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Table 1: Collar Information from 2018 Winter drilling at the Rajapalot Project (Finnish Grid, Projection KKJ2003)
HoleID East North Azimuth Dip RL
Depth
Prospect Comment
(m)
PAL0083 3408879.4 7372218.7 60 60 172.1 101.7 Raja Results Awaited
PAL0084 3408480.4 7373564.5 116 65 175.0 191.2 South Palokas Results Awaited
PAL0085 3408764.2 7372323.9 60 70 173.5 215.7 Raja Reported Here
PAL0086 3408742.9 7373932.4 116 60 175.0 135.0 Palokas Results Awaited
PAL0087 3408764.2 7372324.0 60 50 172.0 241.7 Raja Reported Here
PAL0088 3408764.2 7372323.9 60 88 173.5 221.5 Raja Results Awaited
PAL0089 3408438.4 7373589.0 155 60 176.4 169.0 South Palokas Reported Here
PAL0090 3408590.7 7374004.3 116 74 175.4 320.3 Palokas Results Awaited
PAL0091 3408412.0 7373658.1 155 60 176.3 352.8 South Palokas Reported Here
PAL0092 3408703.1 7372438.0 60 83 174.8 323.9 Raja Results Awaited
PAL0093 3408703.1 7372438.0 60 75 174.8 329.8 Raja Reported Here
PAL0094 3408525.5 7373608.3 116 60 174.2 191.0 South Palokas Results Awaited
PAL0095 3408590.7 7374004.3 116 88 175.4 370.0 Palokas Results Awaited
PAL0096 3408590.4 7373662.5 116 60 173.8 131.0 South Palokas Results Awaited
PAL0097 3408703.1 7372438.0 60 69 174.8 344.7 Raja Results Awaited
PAL0098 3408379.1 7373476.6 116 60 173.7 199.9 South Palokas Results Awaited
PAL0099 3408188.6 7372763.8 110 60 179.7 154.6 Terry’s Hammer Results Awaited
PAL00100 3408703.1 7372438.0 60 62 174.8 343.8 Raja Results Awaited
PAL00101 3408109.8 7372764.0 105 60 174.0 182.7 Terry’s Hammer Results Awaited
PAL00102 3408757.7 7374034.7 116 60 176.9 202.7 Palokas Results Awaited
PAL00103 3408053.3 7372789.4 105 60 173.4 172.9 Terry’s Hammer Results Awaited
PAL00104 3408703.1 7372438.0 240 88 174.8 Raja In progress
PAL00105 3407898.2 7372624.5 120 60 173.0 Rumajärvi In progress