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2018 News Releases

June 27, 2018

Mawson Reports Gold-Cobalt Drill Results From Three Prospects At Rajapalot Additional Cobalt Improves Result to 33.6 metres @ 9.7 g/t Au Eq (22% increase)

Vancouver, Canada — Mawson Resources Limited (“Mawson”) or (the “Company”) (TSX: MAW) (Frankfurt: MXR) (PINKSHEETS: MWSNF) announces results from ten holes drilled at the Company’s 100% owned Rajapalot gold-cobalt project in Northern Finland during the winter 2018 program.

Eight new holes are reported from three prospect areas while cobalt assays are provided from two holes where gold-only values were previously available. All holes except one intersected gold-cobalt mineralization, with results delivering increased confidence and extensions of the cobalt-gold mineralization at Rajapalot. Thirty-six holes from a total of 75 drilled have now been reported from the winter program.

Key Points:

  • New cobalt assays, when added to the previously reported gold-only assays from PAL0093 at the Raja prospect returned 33.6 metres @ 9.7 g/t Au Eq (“gold equivalent”), 8.0 g/t gold, 823 ppm cobalt from 243.0 metres, increasing the previously reported gold-only result by 22% (31.7 metres @ 8.4 g/t gold from 244.1 metres) (Figures 1 and 2);
  • PAL0119 intersected 4.0 metres @ 6.7 g/t Au Eq, 6.6 g/t gold, 74 ppm cobalt from 19 metres at Raja. This new near-surface structurally-controlled gold mineralization was discovered 230 metres to the SSE of PAL0093 (Figure 3);
  • Cobalt assays from Raja continue to indicate the strong spatial relationship with gold but with a larger halo, as shown in Figure 3;
  • The mineralized zone at the Palokas prospect, located 2 kilometres NNW of Raja, has been extended 100 metres down plunge (Figures 1 and 4);
  • Drilling at Hirvimaa, located outside Natura 2000 and approximately 1 kilometre NE of Palokas has defined the mineralized system at least one kilometre further than previously identified (Figure 1);
  • The winter diamond drill program totalled 16,204 metres in 75 drill holes across four exploration permit areas. Including those published here, assays from 36 drill holes have been released from Rajapalot and East Rompas. A further 39 drill holes are currently being logged and assayed.
  • Diamond drilling is planned to restart during September 2018 at Hirvimaa, Raja and Männistö exploration permit areas;
  • Ground magnetic and electromagnetic surveying is planned to commence in late June and September respectively.

Mr. Hudson, Chairman and CEO, states, "Rajapalot continues to present new and exciting opportunities with every additional result. We continue to be encouraged by the broad uplift in gold-equivalent grades after the addition of cobalt assays, particularly in PAL0093 which assayed 33.6 metres @ 9.7 g/t Au Eq. New targets continue to be generated as evidencedby the near-surface structural zone of mineralization discovered at Raja with PAL0119 intersecting 4.0 metres @ 6.7 g/t Au Eq. Known mineralization was extended at Palokas, 1.8 kilometres from Raja, where the mineralized position was successfully extended down-plunge by 100 metres. Furthermore, our increased geological knowledge of the mineralized system has facilitated regional targeting with 1-2 kilometre step out holes. With thousands of gold and cobalt assays still in the laboratory, we look forward to announcing data as they become available.”

Assays from ten holes are reported: PAL0083, 90, 93 (cobalt only), 95, 104 (cobalt only), 107, 119, 124 (gold only), 139 and 143 from the Raja, Palokas and Hirvimaa prospects. All holes, except PAL0124 (gold-only assays to date) hit anomalous gold and/or cobalt mineralization. A plan view of the drill results and named prospects is provided in Figure 1. Cross and longitudinal sectional views and prospect plan views are included in Figures 2–4. Tables 1–3 include all relevant collar and assay information. Assuming a predominant stratabound control, the true thickness of the mineralized interval is interpreted to be approximately 90% of the sampled thickness. Intersections are reported with a lower cut of 0.5 g/t gold or 0.5 g/t gold equivalent when cobalt assays were available, over 1 metre width and no upper cut-off was applied. The gold equivalent (Au Eq) value was calculated using the following formula: Au Eq g/t = Au g/t + (Co_ppm/481) with assumed prices of Co $88,185/t; and Au $1,320/oz, where 1 g/t Au is equivalent to 0.048 % Co.

Raja Prospect

Drilling has successfully delineated extensions to known gold areas, including the Raja prospect where gold mineralization has been discovered over 470 metres down plunge. Mineralization is unconstrained down-plunge and partly across strike. The gold mineralization contains sufficient associated sulphide to form an electrical conductor, and VTEM geophysical data indicates a down-plunge extent from surface for over 800 metres. The structurally-controlled mineralized footprint trends approximately 340 degrees and is oblique to the surface orientation of the host strata. Highlights include:

  • The first cobalt assays from the Raja project from this year’s drilling were returned and continue to add significant value to the gold zones:
    • Cobalt assays from PAL0093 increased the gold equivalent intersection over previously reported gold-only result by 22% with 33.6 metres @ 8.0 g/t gold (“Au”), 823 ppm Cobalt (“Co”) or 9.7 g/t Au Eq from 243.0 Figures 1 and 2 compare with the previously reported results of 31.7 metres @ 8.4 g/t Au from 244.1 metres – Mawson News Release March 01, 2018 (Figures 1, 2 and 3);
  • New results are reported for near surface hole, PAL0119, drilled 230 metres to the SSE of PAL0093 which intersected 4.0 metres @ 6.7 g/t Au Eq, 6.6 g/t gold, 74 ppm cobalt from 19 metres (Figure 3). This hole defined a higher structurally-controlled zone of gold mineralization than previously observed at Raja, which may present opportunities for extending the mineralized system;
  • 16 drill holes were completed at Raja during the winter 2018 season of which 4 have been assayed for cobalt and gold (PAL0093, PAL0104, PAL0107, PAL0119). Cobalt assays are awaited for the remaining 12 holes;
  • Gold mineralization at Raja has a drilled down-plunge extent of over 470 metres. Mineralization remains open down plunge with an airborne VTEM conductor suggesting continuation down-plunge to over 900 metres;

Palokas Prospect

At Palokas (Figures 1 and 4), 2 kilometres NNW of Raja, drilling has extended mineralization for an additional 100 metres with the total down-plunge extent now exceeding 330 metres. New results are:

  • PAL0090: 8.9 metres @ 3.1 g/t Au Eq, 1.1 g/t gold, 947 ppm cobalt from 173.1 metres;
  • PAL0095: 5.9 metres @ 1.4 g/t Au Eq, 0.6 g/t gold, 394 ppm cobalt from 227.2 metres;

Regional Prospects

With increased geological knowledge, the mineralized system has now been targeted at both Hirvimaa, 1 kilometre NE of Palokas (Figure 1) and at Raja East, 1.8 kilometres to the ENE of the Raja prospect.

Drilling at Hirvimaa, located 1 kilometre NE of Palokas and outside the Natura 2000 area, revealed a continuation of the prospective stratigraphic mineralized sulphide position and extended the mineralized system at least one kilometre further than previously identified. Both reported drill holes intersected pyrite with low grade gold but elevated cobalt mineralization, including: PAL0143: 4.1 metres @ 386 ppm Co (0.8 g/t Au Eq) from 93.1 metres and PAL0139: 2.0 metres @ 365 ppm Co (1.4 g/t Au Eq) from 41.6 metres.

General Observations

A cobalt geometallurgical study has commenced to investigate the relationships of the cobalt minerals (cobaltite and cobalt pentlandite) to the gold, sulphide and silicate minerals. This is being conducted with the Geological Survey of Finland (GTK) and the Camborne School of Mines (University of Exeter).

Initial interpretations of the pilot hyperspectral study of drill core from the Raja prospect shows significant variation in the compositions of hydrous minerals associated with gold and cobalt mineralization, in particular muscovite species. Research projects in cooperation with the Geological Survey of Finland (GTK) and Oulu University Graduate students will help to define the extent, nature and controls of the hydrothermal alteration responsible for the gold-cobalt mineralization at Rajapalot.

Diamond drilling is planned to restart during September 2018 at Hirvimaa, Raja and Männistö exploration permit areas. Further ground magnetic work and planning of ground and downhole electromagnetic surveys to further refine winter 2019 drill targets, in particular, the down-plunge continuity of Raja prospect continues. Ground magnetic surveys will commence in late June and electromagnetic surveys in September 2018.

Technical and Environmental Background

Five diamond drill rigs from the Arctic Drilling Company OY (“ADC”), Oy Kati Ab (“Kati”) and MK Core Drilling OY (“MK”), all with water recirculation and drill cuttings collection systems were used for the drill program. Core diameter is NQ2 (50.7 mm) or WL76 (57.5mm) diameter core. Core recoveries were excellent and average close to 100% in fresh rock. After photographing and logging in Mawson’s Rovaniemi facilities, core intervals averaging 1 metre for mineralized samples and 2 metres for barren samples were cut in half at the Geological Survey of Finland (GTK) core facilities in Rovaniemi, Finland. The remaining half core is retained for verification and reference purposes.

Three laboratories are being used to conduct gold and multi-element assay work. Samples were transported by Mawson personnel or commercial transport from site to the CRS Minlab Oy facility in Kempele, Finland, or to the ALSGlobal sample preparation facility at Sodankylä, Finland. Samples submitted to Kempele were prepared and analyzed for gold using the PAL1000 technique which involves grinding the sample in steel pots with abrasive media in the presence of cyanide, followed by measuring the gold in solution with flame AAS equipment. In order to improve the detection limit of the PAL1000 technique from 0.05 g/t Au to 0.01 g/t Au for a 1 kg sample, gold concentration using the DiBK (di-isobutyle ketone) extraction method was also used. Samples transported for gold assay to Sodankylä were analysed using 50 g fire assay and ICP finish method Au-ICP22.

Multi-element analytical work was conducted by MS Analytical and ALSGlobal using methods IMS-230 and ME-MS61 respectively, both using four acid digest followed by ICP analysis.

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, all three laboratories insert blanks and standards during the analytical process.

The qualified person for Mawson's Finnish projects, Dr. Nick Cook, President for Mawson and a Fellow of the Australasian Institute of Mining Metallurgy has reviewed and verified the contents of this release.

About Mawson Resources Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)

Mawson Resources Limitedis an exploration and development company. Mawson has 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,
info@mawsonresources.com

Forward-Looking Statement

This news release contains forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). All statements Mar 01, 2018in, 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, changes in equity markets, planned drill programs and results varying 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 on 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.




Table 1: Better intersections from the 2018 Winter Drill Program.
Intersections are reported with a lower cut of 0.5g/t gold over 2 metre lower cut. No upper cut-off was applied.

Hole ID

Depth From (m)

Depth To (m)

Width (m)

Au (g/t)

Co ppm

AuEq ppm

Au Reported

Co Reported

PAL0083

45

46

1

2.6

2.6

Here

TBA

PAL0085

124

133.9

9.9

4.1

1-Mar-18

TBA

PAL0085

137.9

138.9

1

0.5

1-Mar-18

TBA

PAL0085

170

171

1

1.7

1-Mar-18

TBA

PAL0088

142

143.4

1.4

0.6

10-Apr-18

TBA

PAL0088

205

206

1

0.6

10-Apr-18

TBA

PAL0089

86.65

88.65

2

1.2

1-Mar-18

TBA

PAL0089

92.45

93.45

1

1.7

1-Mar-18

TBA

PAL0089

101.2

102.2

1

0.6

1-Mar-18

TBA

PAL0090

162.5

166.4

3.9

0

548

1.2

Here

Here

PAL0090

173.1

182

8.9

1.1

947

3.1

Here

Here

PAL0090

218.35

219.25

0.9

0.1

260

0.6

Here

Here

PAL0090

227.7

228.65

0.95

0

604

1.3

Here

Here

PAL0091

145.9

155.8

9.9

2.5

1-Mar-18

TBA

including

155

155.8

0.8

19.9

1-Mar-18

TBA

PAL0091

159.4

160.5

1.1

0.9

1-Mar-18

TBA

PAL0091

248.6

251.7

3.1

2.3

1-Mar-18

TBA

PAL0091

256.5

257.4

0.9

0.6

1-Mar-18

TBA

PAL0092

246

250

4

17.7

22-May-18

TBA

PAL0093

186

187

1

0.6

58

0.7

1-Mar-18

Here

PAL0093

203

204

1

0.1

401

0.9

1-Mar-18

Here

PAL0093

243

276.55

33.55

8

823

9.7

1-Mar-18

Here

PAL0093

280.4

281.4

1

6.8

206

7.3

1-Mar-18

Here

PAL0095

214.8

216.8

2

0.2

360

0.9

Here

Here

PAL0095

217.85

218.85

1

0

392

0.8

Here

Here

PAL0095

220.75

221.45

0.7

1.1

558

2.3

Here

Here

PAL0095

224.15

225.15

1

0

439

0.9

Here

Here

PAL0095

227.15

233

5.85

0.6

394

1.4

Here

Here

PAL0095

235

237

2

0.4

290

1

Here

Here

PAL0095

279.7

280.7

1

0.2

554

1.4

Here

Here

PAL0095

283.75

284.7

0.95

0.1

269

0.6

Here

Here

PAL0095

285.6

287.8

2.2

0.1

572

1.3

Here

Here

PAL0095

298.5

299.5

1

0

516

1.1

Here

Here

PAL0095

309

310

1

0

257

0.5

Here

Here

PAL0095

321

321.85

0.85

0

429

0.9

Here

Here

PAL0097

164

165

1

0.7

10-Apr-18

TBA

PAL0097

169.6

170.6

1

0.7

10-Apr-18

TBA

PAL0097

197

198.3

1.3

0.7

10-Apr-18

TBA

PAL0097

200.3

201.4

1.1

0.6

10-Apr-18

TBA

PAL0097

256.6

264.3

7.7

1.5

10-Apr-18

TBA

PAL0097

269.3

270.3

1

1.5

10-Apr-18

TBA

PAL0097

281.3

285.3

4

1.9

10-Apr-18

TBA

PAL0097

290.5

291.6

1.2

2.5

10-Apr-18

TBA

PAL0097

294.8

296.8

2.1

2.7

10-Apr-18

TBA

PAL0099

16.7

17.7

1

1.2

10-Apr-18

TBA

PAL0099

65.7

70.4

4.7

2.1

10-Apr-18

TBA

PAL0100

289

291.8

2.8

0.8

10-Apr-18

TBA

PAL0100

294

296.3

2.3

2.9

10-Apr-18

TBA

PAL0100

300

301

1

1.4

10-Apr-18

TBA

PAL0104

280

282

2

0.5

2

0.5

22-May-18

Here

PAL0107

108.85

109.85

1

0

789

1.7

Here

Here

PAL0107

137

138

1

0

282

0.6

Here

Here

PAL0107

150

153

3

0.2

591

1.4

Here

Here

PAL0109

15.6

23

7.4

2.4

10-Apr-18

TBA

PAL0109

79.2

80.2

1

0.6

10-Apr-18

TBA

PAL0109

83.2

84.2

1

0.6

10-Apr-18

TBA

PAL0110

25.2

26.3

1.1

4

10-Apr-18

TBA

PAL0110

37.6

42.3

4.8

2.5

10-Apr-18

TBA

PAL0115

122

123

1

0.6

22-May-18

TBA

PAL0115

125.9

127.9

2

0.6

22-May-18

TBA

PAL0115

165

166

1

1.1

22-May-18

TBA

PAL0115

230.6

231.4

0.8

0.6

22-May-18

TBA

PAL0116

144

149

5

3.3

22-May-18

TBA

PAL0116

154

156

2

3.6

22-May-18

TBA

PAL0118

322

329

7

2.8

10-Apr-18

TBA

PAL0118

368.1

391.2

23.1

3.4

10-Apr-18

TBA

Including

381

386

5

12.4

10-Apr-18

TBA

Including

381

382.6

1.6

37.3

10-Apr-18

TBA

PAL0119

16

20

4

6.6

74

6.7

Here

Here

PAL0119

109

115

6

0.4

287

1

Here

Here

PAL0119

120

120.5

0.5

-0.1

824

1.7

Here

Here

PAL0122

87

88

1

0.8

22-May-18

TBA

PAL0122

124.2

125

0.9

1

22-May-18

TBA

PAL0122

129

132

3

1.4

22-May-18

TBA

PAL0126

6.65

7.5

0.85

0.64

10-Apr-18

TBA

PAL0139

41.6

43.6

2

0

365

0.8

Here

Here

PAL0143

93.1

97.2

4.1

0

386

0.8

Here

Here

Table 2: Collar Information from 2018 Winter drilling at the Rajapalot Project (Finnish Grid, Projection KKJ2003)

HoleID

East

North

Azimuth

Dip

RL

Depth (m)

Prospect

Reported

PAL0083

3408879.4

7372218.7

60

60

172.1

101.7

Raja

Here

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

Mar 01, 2018

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

Mar 01, 2018

PAL0088

3408764.2

7372323.9

60

88

173.5

221.5

Raja

May 22 2018

PAL0089

3408438.4

7373589.0

155

60

176.4

169.0

South Palokas

Mar 01, 2018

PAL0090

3408590.7

7374004.3

116

74

175.4

320.3

Palokas

Here

PAL0091

3408412.0

7373658.1

155

60

176.3

352.8

South Palokas

Mar 01, 2018

PAL0092

3408703.1

7372438.0

60

83

174.8

323.9

Raja

May 22 2018

PAL0093

3408703.1

7372438.0

60

75

174.8

329.8

Raja

Mar 01, 2018 & Co 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

Here

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

April 10, 2018

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

April 10, 2018

PAL00100

3408703.1

7372438.0

60

62

174.8

343.8

Raja

April 10, 2018

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

326.7

Raja

May 22 2018 & Co here

PAL00105

3407898.2

7372624.5

120

60

173.0

220.9

Rumajärvi

Results Awaited

PAL0106

3408863.7

7373985.4

130

60

175.2

161.1

Palokas

Results Awaited

PAL0107

3408775.6

7372487.6

60

70

176.8

335.1

Raja

Here

PAL0108

3407960.9

7372405.2

116

60

176.4

226.9

Rumajärvi

Results Awaited

PAL0109

3407962.1

7372405.1

60

50

176.1

289.9

Rumajärvi

April 10, 2018

PAL0110

3408646.1

7373807.1

116

60

174.1

128.2

Palokas

April 10, 2018

PAL0111

3408577.4

7372513.9

60

69

178.3

432.3

Raja

April 10, 2018

PAL0112

3408288.9

7373153.0

180

55

171.8

221.7

Hut

Results Awaited

PAL0113

3408532.9

7374097.2

116

70

174.3

20

Palokas

Results Awaited

PAL0114

3407874.3

7372385.0

116

47

174.7

218.4

Rumajärvi

Results Awaited

PAL0115

3407903.4

7372520.2

123

48

173.4

320.1

Rumajärvi

May 22 2018

PAL0116

3408861.0

7372371.6

240

82

173.8

186.7

Raja

May 22 2018

PAL0117

3408479.3

7373336.5

116

45

172.4

148.9

South Palokas

Results Awaited

PAL0118

3408577.4

7372513.9

60

62

178.3

445.6

Raja

April 10, 2018

PAL0119

3408915.9

7372341.2

240

88

172.9

178.2

Raja

Here

PAL0120

3408531.3

7373318.5

116

47

171.7

170.1

South Palokas

Results Awaited

PAL0121

3407986.0

7372584.6

116

50

177.5

249

Rumajärvi

Results Awaited

PAL0122

3408354.0

7373580.0

116

60

174.7

209.6

South Palokas

May 22 2018

PAL0123

3407939.0

7372655.0

120

60

173.8

198.45

Rumajärvi

Results Awaited

PAL0124

3408561.5

7372192.0

70

50

173.7

132.6

Raja

Here

PAL0125

3408577.4

7372513.9

60

56

178.3

112.5

Raja

Results Awaited

PAL0126

3408089.0

7373033.2

90

60

173.7

8.9

Hut

April 10, 2018

PAL0127

3409496.5

7374569.3

142

50

178.7

157.7

Hirvimaa

Results Awaited

PAL0128

3410577.1

7372673.7

35

50

150.5

305.7

Regional

Results Awaited

PAL0129

3409604.1

7372111.5

36

50

151.8

305

Regional

Results Awaited

PAL0130

3409436.6

7374642.8

142

50

179.4

212

Hirvimaa

Results Awaited

PAL0131

3410496.2

7372437.2

125

50

145.9

149.4

Regional

Results Awaited

PAL0132

3409524.4

7371979.3

36

50

163.7

300.1

Regional

Results Awaited

PAL0133

3410334.0

7373237.0

135

50

175.0

167.3

Regional

Results Awaited

PAL0134

3409376.7

7374729.6

142

50

182.4

281.2

Hirvimaa

Results Awaited

PAL0135

3410400.7

7373174.3

135

50

161.5

196.3

Regional

Results Awaited

PAL0136

3409442.3

7371858.5

216

60

165.5

293.3

Regional

Results Awaited

PAL0137

3410477

7373094

135

50

159.6

212

Regional

Results Awaited

PAL0138

3410583

7372990

135

50

156.8

221.2

Regional

Results Awaited

PAL0139

3409645

7374573

142

50

181.4

139.4

Hirvimaa

Here

PAL0140

3409356

7371737

216

60

159.9

440.5

Regional

Results Awaited

PAL0141

3411012

7372821

135

50

160

143.4

Regional

Results Awaited

PAL0142

3410964

7372857

135

50

163.2

157.3

Regional

Results Awaited

PAL0143

3409600

7374623

142

50

180.8

196.8

Hirvimaa

Here

PAL0144

3410155

7374828

155

50

179.7

110.5

Hirvimaa

Results Awaited

PAL0145

3412561

7373167

180

60

171.9

450.0

Regional

Results Awaited

PAL0146

3409475

7374738

142

50

181.5

249.9

Hirvimaa

Results Awaited

PAL0147

3410099

7374932

155

50

180.5

203.6

Hirvimaa

Results Awaited

Table 3: Individual assay data from reported drill holes (detection limits are reported as negative numbers).

Hole_ID

From (m)

To (m)

Length (m)

Au ppm

Co ppm

Au Eq ppm

PAL0083

45.0

46.0

1.0

2.55

2.6

PAL0090

162.5

163.4

0.9

0.006

327

0.7

PAL0090

163.4

164.4

1.0

0.013

392

0.8

PAL0090

164.4

164.9

0.6

0.011

1740

3.6

PAL0090

164.9

165.5

0.6

0.038

563

1.2

PAL0090

165.5

166.4

1.0

0.081

215

0.5

PAL0090

173.1

174.1

1.0

0.027

2980

6.2

PAL0090

174.1

175.1

1.0

0.034

1680

3.5

PAL0090

175.1

175.8

0.8

0.029

1330

2.8

PAL0090

175.8

176.8

1.0

0.02

384

0.8

PAL0090

176.8

177.6

0.8

0.07

288

0.7

PAL0090

177.6

178.4

0.8

0.011

436

0.9

PAL0090

179.1

180.0

1.0

3.84

1040

6.0

PAL0090

180.0

181.0

1.0

5.71

641

7.0

PAL0090

181.0

182.0

1.0

0.208

211

0.6

PAL0090

218.4

219.3

0.9

0.066

260

0.6

PAL0090

227.7

228.7

1.0

0.046

604

1.3

PAL0093

186.0

187.0

1.0

0.61

58

0.7

PAL0093

203.0

204.0

1.0

0.1

401

0.9

PAL0093

243.0

244.1

1.1

0.11

233

0.6

PAL0093

244.1

245.0

1.0

0.61

1432

3.6

PAL0093

245.0

246.0

1.0

0.07

423

0.9

PAL0093

246.0

247.0

1.0

1.06

330

1.7

PAL0093

247.0

248.0

1.0

5.25

894

7.1

PAL0093

248.0

248.8

0.8

0.96

1378

3.8

PAL0093

248.8

250.0

1.2

0.06

249

0.6

PAL0093

252.2

253.2

1.0

12.7

1197

15.2

PAL0093

253.2

254.2

1.0

1.86

882

3.7

PAL0093

254.2

255.2

1.0

16.4

1039

18.6

PAL0093

255.2

256.2

1.0

6.39

942

8.3

PAL0093

256.2

257.0

0.9

4.52

1806

8.3

PAL0093

257.0

258.0

1.0

33.1

1880

37.0

PAL0093

258.0

258.8

0.8

38.7

1129

41.0

PAL0093

258.8

259.8

1.0

115

1479

118.1

PAL0093

259.8

260.8

1.0

4.61

605

5.9

PAL0093

260.8

261.8

1.1

2.65

137

2.9

PAL0093

261.8

263.0

1.2

1.62

76

1.8

PAL0093

265.9

266.7

0.8

5.67

5.7

PAL0093

266.7

267.8

1.1

12.5

1288

15.2

PAL0093

267.8

268.6

0.9

-0.05

308

0.6

PAL0093

268.6

269.5

0.9

0.05

263

0.6

PAL0093

269.5

270.7

1.3

0.57

2088

4.9

PAL0093

270.7

272.0

1.3

1.44

846

3.2

PAL0093

272.0

272.8

0.8

0.48

609

1.7

PAL0093

272.8

273.7

1.0

0.19

2124

4.6

PAL0093

273.7

274.7

1.0

6.43

1882

10.3

PAL0093

274.7

275.7

1.0

3.75

1689

7.3

PAL0093

275.7

276.6

0.9

0.27

173

0.6

PAL0093

280.4

281.4

1.0

6.83

206

7.3

PAL0095

214.8

215.8

1.0

0.033

236

0.5

PAL0095

215.8

216.8

1.0

0.37

484

1.4

PAL0095

217.9

218.9

1.0

0.014

392

0.8

PAL0095

220.8

221.5

0.7

1.1

558

2.3

PAL0095

224.2

225.2

1.0

0.024

439

0.9

PAL0095

227.2

228.2

1.1

0.152

228

0.6

PAL0095

228.2

229.3

1.1

0.059

219

0.5

PAL0095

229.3

230.3

1.1

0.187

238

0.7

PAL0095

230.3

231.3

1.0

0.166

638

1.5

PAL0095

231.3

232.0

0.8

0.535

993

2.6

PAL0095

232.0

233.0

1.0

2.3

233

2.8

PAL0095

235.0

236.0

1.0

0.557

285

1.1

PAL0095

236.0

237.0

1.0

0.326

294

0.9

PAL0095

279.7

280.7

1.0

0.245

554

1.4

PAL0095

283.8

284.7

1.0

0.071

269

0.6

PAL0095

285.6

286.4

0.8

0.22

608

1.5

PAL0095

286.4

287.8

1.4

0.074

552

1.2

PAL0095

298.5

299.5

1.0

0.016

516

1.1

PAL0095

309.0

310.0

1.0

0.003

257

0.5

PAL0095

321.0

321.9

0.9

0.041

429

0.9

PAL0104

280.0

282.0

2.0

0.54

2

0.5

PAL0107

108.9

109.9

1.0

0.04

789

1.7

PAL0107

137.0

138.0

1.0

-0.01

282

0.6

PAL0107

150.0

151.0

1.0

0.05

322

0.7

PAL0107

151.0

152.0

1.0

0.2

747

1.8

PAL0107

152.0

153.0

1.0

0.2

705

1.7

PAL0119

16.0

17.0

1.0

5.93

45

6.0

PAL0119

17.0

18.0

1.0

16.8

58

16.9

PAL0119

18.0

19.0

1.0

3.18

100

3.4

PAL0119

19.0

20.0

1.0

0.41

91

0.6

PAL0119

109.0

110.0

1.0

1.41

110

1.6

PAL0119

110.0

111.0

1.0

0.6

159

0.9

PAL0119

111.0

112.0

1.0

0.11

188

0.5

PAL0119

112.0

113.0

1.0

0.07

368

0.8

PAL0119

113.0

114.0

1.0

0.14

642

1.5

PAL0119

114.0

115.0

1.0

0.08

254

0.6

PAL0119

120.0

120.5

0.5

-0.05

824

1.7

PAL0139

41.6

42.6

1.0

0.007

291

0.6

PAL0139

42.6

43.6

1.0

0.008

438

0.9

PAL0143

93.1

94.1

1.0

0.055

253

0.6

PAL0143

94.1

95.0

0.9

0.034

403

0.9

PAL0143

95.0

96.2

1.2

0.027

254

0.6

PAL0143

96.2

97.2

1.1

0.027

644

1.4