Mawson Increases Claim Holdings by 40% at Rompas in Finland
Vancouver, Canada - Mawson Resources Limited ("Mawson") TSX - MAW; Frankfurt - MRY. Mr Michael Hudson, President & CEO, announces that Mawson has increased its ground holding at the Rompas gold-uranium project in Finland by 40%. New Claim Reservations have been granted for 38,510 Ha providing Mawson with a contiguous block of 134,429 Ha in the Rompas project area which consists of 132,890 Ha of Claim Reservations and 2,539 Ha of Claim Applications.
Mr Hudson states, "Exploration at Rompas during 2010 consisted of airborne geophysics, geochemical sampling and geological mapping. This work has greatly increased the prospectivity of the area and has encouraged Mawson to significantly increase its tenure at the 100% owned Rompas property."
Many hundreds of gold and uranium showings have been recently identified beneath soil cover within a 6km trend. Highlights from recent channel samples include 0.95m @ 1,424 g/t Au and 1.3 % U, and 2.05m @ 191.3 g/t Au and 0.44 % U (refer to Mawson press release dated Dec 15, 2010). A detailed map showing the location and distribution of channel and grab samples released to date can be downloaded from the Company's website at http://www.mawsonresources.com /assets/docs/news/Rompas_PLANDEC15.pdf. A total of 286 rock chip samples (including 47 highly radioactive samples) remain to be reported by the laboratory from the field program conducted this summer at Rompas.
In other news, the Company announces that it recently applied for a winter ground access permit for the Rompas property to the Finnish authorities. Should this permit be approved, it will allow Mawson to undertake a winter program of shallow grid diamond drilling at Rompas. Further information will be made available as it comes available.
About Mawson Resources Limited (TSX:MAW, FRANKFURT:MRY, PINKSHEETS:MWSNF)
Mawson Resources Ltd is a resource acquisition and development company with METAL and ENERGY interests.
Mawson has distinguished itself as the leading Scandinavian uranium exploration company, with advanced projects in Sweden and Finland. As the European Union moves to reduce its reliance on carbon-based energy sources and continues to debate energy security, Mawson is well positioned to provide Europe with the option to fuel its future. Areva NC holds 9.5% of the Company and provides Mawson with a solid technical shareholder.
In addition, the Company is exploring for gold and copper in the highly prospective Cordillera of Peru, with a focus on a new gold-copper discovery at Alto Quemado.
With a strong cash position and a multi-jurisdiction European and South American portfolio, Mawson is ideally positioned to enhance its status as a leader in the uranium and gold industries.
Shares Outstanding: 50,555,753. Cash: approximately C$14 million.
On behalf of the Board,
Michael Hudson, President & CEO
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez +1 (604) 685 9316
Investor Relation Consultants - Mining Interactive
Nick Nicolaas +1 (604) 657 4058
Forward Looking Statement. The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement. The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.