Mawson Restarts Exploration Drilling at the Rompas GOLD Prospect IN Finland
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE August 30, 2017
MAWSON RESTARTS EXPLORATION DRILLING AT THE ROMPAS GOLD PROSPECT IN FINLAND
Vancouver, Canada – Mawson Resources Limite d (“Mawson”) or (the “Company”) (TSX:MAW)
(Frankfurt:MXR) (PINKSHEETS: MWSNF) announces the Company has been gr anted the 2,123 hectare Männistö
Exploration Permit at the Rompas-Rajapalot gold project in Fi nland. The Männistö permit includes both the Rompas high
grade nuggety gold mineralization and areas prospective for Rajapalot-style disseminated gold.
The granting is noteworthy, as it allows Mawson to restart exploration at the Rompas prospect after a 4-year hiatus.
Key Points:
TUKES (the Finnish Safety and Chemical Agency and Mini ng Authority) recently granted the Männistö Exploration
Permit to Mawson that covers 2,123 hectares at the Rompas-Rajapalot gold project in northern Finland within the
larger 16,162 hectare project of exploration permits and applications (Figure 1);
The primary target at Männistö is Rajapalot-style disseminated gold mineralization that lies stratigraphically adjacent
to previously discovered high grade gold mineralization at Rompas;
In 2012, Mawson drilled Finland’s richest ever diamond drill hole for gold at Rompas within the Männistö Exploration
Permit area. Results included:
6 metres at 617 g/t gold from 7 metres in drill hole ROM0011; and
1 metre @ 114.5 g/t gold from 44.0 metres from drill hole ROM0014.
Field mapping, prospecting and 8.1 kilometres of VLFR ge ophysical survey have been completed, defining a
Rajapalot-style gold target horizon that extends for 2.5 kilometres, with outcrop of up to 0.24 g/t gold discovered
in poorly outcropping areas adjacent to the conductive target zone (Figure 2);
A reverse circulation (“RC”) drill rig has now been mobilized (Figure 3). Twenty shallow holes (5-10 metre) will be
drilled through thin glacial soil to bedrock along 3 lines to test the Rajapalot-style gold target position. Targets
identified will immediately be followed up with diamond drilling.
Mr. Hudson, Chairman and CEO, states, "T he Rompas prospect is central to Ma wson’s on-going investment in gold
exploration in northern Finland, being the site where our te am drilled the country’s richest ever gold intersection of 6
metres at 617 g/t gold in 2012. Our recent work at Rajapalot, wh ere an extensive area of gold disseminated
mineralization has been discovered, has shown the Rajapalot-st yle of mineralization lies stra tigraphically adjacent to the
Rompas host rocks, in an area of very limited outcrop and no prior drilling. Drilling close to high grade gold is always
exciting for an exploration team, and we look forward to sharing the results of this highly anticipated RC drill program.”
The principal target at Männistö is Raja palot-style disseminated gold mineralization hosted within metasediments that
surround the Rompas vein-hosted gold system. This style includes the numerous significant drill intersections of the Palokas
prospect which lies 8 kilometres east of Rompas (ie PAL0030: 10.0 metres @ 11.6 g/t gold from 110.2 metres;
PAL0027: 6.8 metres @ 14.7 g/t gold from 34.4 metres and PAL0075: 27.0 metres @ 3.3 g/t gold see Mawson Press
Releases July 05, 2017 ). Nuggety gold mineralization at Rompas occurs in deformed calc-silicate veins hosted within a
mafic volcanic, while disseminated gold mineralization of the Rajapalot-style is typically host ed within albitic- or Mg-
calcsilicate-rich metasediments.
Field mapping, prospecting and 8.1 kilometres of VLFR geophysi cal surveys have been completed over the last 2 months,
which has defined a Rajapalot-style target horizon extending for 2.5 kilometres along strike. VLFR or Very Low Frequency
Resistivity electromagnetics is a ground probing technology that utilizes VLF signals in the 15 to 30 kHz range. The method
is an inexpensive means to collect high quality bedrock data, and is having a revival due to both technology improvements
and software developments.
Assay results showed one sample in outcrop adjacent to the conductive and interpreted target zone to assay 0.24 g/t gold
in an area of predominantly thin glacial soil cover (Figure 1), adding to the prospectivity of this trend.
Based on the proven effectiveness of grid based RC drill sampling through the till and bedrock in other areas, the Company
plans to complete systematic RC and base-of-till drilling across the entire Männistö perm it area. In addition, a
comprehensive structural, lithogeochemical and stratigraphic model from the winter drill program at Rajapalot is under
construction with the support of Dr. La urent Ailleres of PGN Geoscience, an expert in the building of 3D structural-
geophysical models, and Dr. Nick Oliver of Holcombe Coughlin Oliver Valenta Global, a renowned Proterozoic structural and
hydrothermal specialist.
A significant drilling program will resume at Rajapalot in late 2017/early 2018 when winter conditions allow access.
Technical Background
The qualified person for Mawson's Finnish projects, Dr. Nick Cook, 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 commercial transport to AL S Chemex Ltd's laboratories in Sodankylä, Finland. Samples wer e
prepared at Sodankylä and sent to ALS Loug hrea located at Dublin Road, Loughrea, Co. Galway, Ireland to be analyzed by Au-ICP21 ,
GRA-21, ME-MS41u and ME-MS61u techniques. The QA/QC program of Mawson consists of the systematic insertion of certified standards
of known gold content, with blanks at the beginning of each batch. In addition, ALS Chemex inserts a number of blanks and stand ards
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, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to
future events. Mawson cautions investors that any forward-looking statements are not guarantees of future results or performance, and that actual results
may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, capital and other costs varying
significantly from estimates, changes in world metal markets, ch anges in equity markets, planned drill programs and results var ying from expectations,
delays in obtaining results, equipment failure, 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 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-looking statement, whether
as a result of new information, future events or results or otherwise.
Figure 1: Männistö permit area (yellow) with outcrop and drill hole samples >1g/t gold from the Rompas project within Mawson larger permit area that
covers 16,162 hectares of exploration permits and applications. Inset map shows yellow granted permit areas with Rompas to the west (left) and
Rajapalot to the right (east).
Rompas
Rajapalot
Figure 2: Geological interpretive map from field mapping showing a target horizon extending for 2.5 kilometres. Green lines show RC drill traverses.
Inset map shows yellow granted permit areas with Rompas to the west (left) and Rajapalot to the right (east), with mapped area shown by orange box.
Figure 3: RC Drilling rig mobilized to site at Rompas