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2019 News Releases

June 13, 2019

Mawson Extends South Palokas With A 140 Metre Step Out Drill Intersection 32.0 Metres at 1.4 g/t Gold and 1,556 ppm Cobalt At Rajapalot Project, Finland

Vancouver, Canada — Mawson Resources Limited (“Mawson”) or (the “Company”) (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces gold-cobalt results from 5 drill holes from the South Palokas prospect at the Company’s 100% owned Rajapalot Project in northern Finland. Nine holes with full assays remain to be reported from the 44 drill hole winter program.
Key results:

  • PAL0197 intersected 32.0 metres @ 3.9 g/t gold equivalent (“AuEq”), 1.4 g/t Au, 1,556 ppm Co from 294.3 metres, including 17.9 metres @ 4.4 g/t AuEq, 1.0 g/t Au, 2,079 ppm Co from 294.3 metres and 9.4 metres @ 5.0 g/t AuEq, 2.8 g/t Au, 1,320 ppm Co from 316.9 metres (Tables 1-3):
    • PAL0197 was drilled 140 metres down plunge from the deepest hole used in the inferred mineral resource calculation (December, 2018) and is now the deepest hole drilled at the prospect, intersecting the target 340 metres down plunge from surface;
  • PAL0198 intersected 9.8 metres @ 6.1 g/t AuEq, 4.2 g/t Au, 1,208 ppm Co from 169.9 metres
    • PAL0198 was drilled 40 metres across the plunge to the north of the closest drill hole;
  • PAL0193 intersected 11.0 metres @ 2.1 g/t AuEq, 0.4 g/t Au, 1,044 ppm Co from 273.0 metres respectively.
    • PAL0193 was drilled 65 metres down plunge from the deepest hole used in the inferred mineral resource calculation;
  • PAL0173 returned 17.0 metres @ 4.3 g/t AuEq, 3.0 g/t Au, 827 ppm Co from 264.0 metres (gold assays for this hole were reported in March, 2019).
    • PAL0173 was drilled 40 metres across plunge to the south of PAL0193;
  • South Palokas is growing and improving at depth with 4 of the 5 holes completed this winter at South Palokas ranked in the top 7 intersections for the prospect (Table 4, Figures 1-3). South Palokas now forms a body over a 170 metres strike, 30 metres wide and has been tested to 340 metres down plunge to date with EM conductors continuing a further 700 metres down plunge.

Mr. Michael Hudson, Chairman and CEO states: “Drill results reported over the last few months from Rajapalot have substantially upgraded the project potential, with numerous higher-grade hits and gold-cobalt mineralization discovered in significant step outs across multiple prospect areas. At South Palokas 3 of 5 new holes with large step outs returned more than 50 g/t-metres gold equivalent while the deepest hole (PAL0197) returned the best result in the prospect of 32.0 metres @ 3.9 g/t AuEq metres. Mineralization at all prospects remain open at depth and across strike.”

Mawson completed 44 holes (PAL0159–PAL0201D1) for 15,059 metres (two short holes abandoned, one wedged hole) during the 2019 winter drill season. Results from 5 holes from South Palokas prospect are provided here (PAL0173, 193, 195, 197, 198, Tables 1-4). Nine holes with full assays remain to be reported, including holes drilled on the high-grade gold-cobalt trend at Raja (PAL0191 with visible gold) and PAL0199 from The Hut area (containing strongly sulphidic potassic scheelite-bearing rocks).

Noteworthy is the high cobalt content in PAL0198, with deeper drilling intersecting higher cobalt grades over wide zones compared to most holes on the property. The results tends to mimic the deeper drilling at the nearby Palokas prospect (where PAL0194 intersected 15.2 metres @ 8.5 g/t AuEq, 4.3 g/t gold (“Au”) and 2,566 ppm cobalt (“Co”) from 418.7 metres) with an increased Co:Au ratio. It appears that higher cobalt forms on the margins of high-grade gold mineralization at depth. The Rajapalot project is a significant and strategic gold-cobalt resource for Finland with the maiden resource positioned as one of Finland's current top three gold resources by grade and contained ounces and one of a small group of cobalt resources prepared in accordance with NI 43-101 policy within Europe.

Targeting at South Palokas this winter was based on earlier drilling (in particular PAL0016, 12.4 metres @ 4.0 g/t AuEq, 3.4 g/t Au, 368 ppm Co from 202.0 metres) and electromagnetic (EM) anomalies derived from both VTEMplus (airborne) and TEM (ground-based) surveys. Gold assays for PAL0173 were reported in March, 2019 (17 metres @ 3.0 g/t Au from 276.0 metres) and formed the basis for planning further drill testing. Drill hole PAL0198 was drilled to test continuity of mineralization from depth to surface and allow mapping of the near-surface extent of the sulphides (see Figure 1 with MALM geophysics). South Palokas now forms a body over a 170 metres strike, 30 metres wide and has been tested to 340 metres down plunge to date with EM conductors continuing to at least 700 metres down plunge.

The drill intersections reported here are largely of the potassic-iron (K-Fe) type, similar to the Raja prospect. The South Palokas mineralization forms at a similar stratigraphic position to the structurally inverted sequence at Raja. The NNW termination of the modelled TEM plate at Raja now lies only 750 metres from South Palokas and just as importantly, the Raja high-grade Au-Co trends directly under the South Palokas mineralization creating significant upside from surface prospects coalescing at depth.

Palokas and South Palokas share the same hydrothermal, post-metamorphic and structural-stratigraphic relationships, but are hosted by somewhat different rock types. Palokas is dominated by a magnesium-iron (Mg-Fe) host and South Palokas by the K-Fe host rocks although both are likely to be controlled by related, parallel to anastomosing subvertical faults and fractures. An upper, poorly mineralized garnet-bearing iron-rich rock at South Palokas possibly reflects the Palokas host position. A lower mineralized “footwall” position at South Palokas (see Figure 2) may represent the source of mineralized boulders found 200 metres to the southwest at the Boardwalk prospect.

Further drilling on the linear high grade trend at South Palokas and Palokas is required, but the similarities to the linear trend at Raja prospect, located at surface 1.4 kilometres SSE of the Palokas prospect, are immediately evident with NNW 100 metres wide and 600 metres long conductive plates trending 339 degrees below the existing mineral resources. Drilling on fans across the plunge of the Au-Co mineralization at Raja prospect has been the key to successfully targeting high-grade Au-Co mineralization.

On other matters, annual environmental inventory mapping, monitoring and area impact assessments are now underway at Rajapalot. Results will be utilized in future exploration planning and for the development of further low impact drilling and sampling methods to continually improve Mawson’s sustainable exploration outcomes.

Comment on Gold Equivalence Calculation

The gold equivalent ("AuEq") value used in the 2018 inferred resource and this press release was calculated using the formula: AuEq g/t = Au g/t + (Co ppm/608) with assumed metal prices of Co $30/lb; and Au $1,250/oz. AuEq varies with gold and cobalt prices. Approximate spot prices for gold and cobalt are currently $1,330/oz and $13/lb respectively.

The cobalt price has fallen 60% over the past year due mostly to an increase in supply from mines, many artisanal, in the Democratic Republic of Congo. Mawson considers cobalt retains strong fundamentals with demand remaining robust as the electric mobility industry continues to grow and, a long-term price of $20 to $30/lb cobalt (and $1250/oz Au) is therefore reasonable. Prices used in the 2018 inferred resource calculation have been maintained here to ensure consistency of reporting individual drill holes against prior news releases and the resource dated December 2018, and will be reviewed once all data from the current drill program is released. Within the December 2018 resource, cobalt contributes approximately 20% of in-situ value.

Technical and Environmental Background

Assuming a predominant stratabound control, the true thickness of the mineralized interval is interpreted to be approximately 90% of the sampled thickness. Quality control duplicates for all holes show good repeatability of gold assays. Intersections are reported with a lower-cut of 0.5 g/t gold or 304 ppm Co over 2 metre lower cut, except where indicated. No upper cut-off was applied.

Four diamond drill rigs (K3 & K8) from the Arctic Drilling Company OY (“ADC”), Kati OY (“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). 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. Analytical samples were transported by Mawson personnel or commercial transport from site to the CRS Minlab Oy facility in Kempele, Finland. Samples 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. Multi-element assays, including cobalt are determined using the ICP-MS method (IMS-230) of MS Analytical shipped directly from the CRS Minlab Oy facility. 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 and MS Analytical insert blanks and standards into 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.

NI 43-101 Technical Report

On December 19, 2018, Mawson filed an independent National Instrument 43-101 Technical Report (the “NI 43-101 Technical Report”) on the Mineral Resource Estimate for the Raja and Palokas Prospects, at the 100% owned Rajapalot Project in Finland, (the “NI 43-101 Technical Report”), in support of the Company’s news release dated December 17, 2018. The NI 43-101 Technical Report was authorized by Mr. Rod Webster of AMC Consultants Pty Ltd (“AMC”) of Melbourne, Australia, and Dr. Kurt Simon Forrester of Arn Perspective of Surrey, England. Each of Mr. Webster and Dr. Forrester are independent “qualified persons” as defined by National Instrument 43-101. The NI 43-101 Technical Report may be found on the Company’s website at www.mawsonresources.com or under the Company’s profile on SEDAR at www.sedar.com.

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

Mawson Resources Limited is a sustainable and ethical exploration and development company. Mawson has distinguished itself as a leading Nordic Arctic exploration company with a focus on the flagship Rajapalot gold-cobalt project in Finland, a significant and strategic gold-cobalt resource for Finland with the maiden resource positioned as one of Finland's current top three gold resources by grade and contained ounces and one of a small group of cobalt resources prepared in accordance with NI 43-101 policy within Europe.

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 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, 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.

Figure 1: Plan of South Palokas prospect area indicating drill results, the outline of 43-101 resource (blocks above 2 g/t AuEq), modelled ground TEM plates over Lidar background with superimposed mise-á-la-masse contours (note the strong correlation of width of near-surface conductor and 2018 resource boundary). For more detailed location information, refer to press release of April 23, 2019. Note that Figure 3 is essentially a view down onto the plane of the northwest dipping TEM conductors.

Figure 2: Longitudinal section at South Palokas prospect showing the considerable area (hatched pattern) to be tested with future drill programs. The view is towards 063 degrees. The outlines of the high-grade resources are shown along with the modelled TEM plates. See Figure 1 for plan view location of the section.

Figure 3: Contoured projection of grade-width intersections in gold equivalent terms made onto a northwesterly dipping plane (i.e. the view is looking down on an angle (60 degrees) from the northwest towards the southeast). Note the large hatched area in this projection showing the area to the north (left) and down plunge to the NW with just a single drill hole. The TEM conductors have been removed for simplicity, but lie within the surface of this image.

Table 1: Collar Information from 2019 Winter drilling at the Rajapalot Project (Finnish Grid, Projection KKJ3)

Hole ID East North Azimuth Dip RL Depth Prospect Comment
PAL0159 3408545.8 7372603.5 56 -71 179.162 473.8 Raja Au results Mar 04 2019
Co results Apr 23 2019
PAL0160 3408485.8 7372581.1 67 -79 177.865 447 Raja Au and Co results Apr 23 2019
PAL0161 3408696.1 7372556.6 57 -75 179.24 405.8 Raja Au results Mar 04 2019
Co results Apr 23 2019
PAL0162 3408446.4 7372648.4 46 -84.5 180.158 482.9 Raja Au results Mar 04 2019
Co results Apr 23 2019
PAL0163 3408487.0 7372587.9 65 -73.5 178.218 470.05 Raja Au results Mar 04 2019
Co results Apr 23 2019
PAL0164 3408545.4 7372603.2 61.1 -75.6 178.586 441.7 Raja Au and Co results Apr 23 2019
PAL0165 3408612.7 7372312.2 60 -79 176.25 167.9 Raja Au results Mar 04 2019
Co results Apr 23 2019
PAL0166 3408897.7 7372385.3 240 -83 170.452 238.6 Raja Au and Co results Apr 23 2019
PAL0167 3408486.0 7372587.0 96 -85 178 398.6 Raja Au results Mar 04 2019
Co results May 28 2019
PAL0168 3408554.5 7372806.4 233 -83 173.987 45.6 Raja Abandoned hole
PAL0169 3408553.5 7372806.4 233 -83 173.987 545.8 Raja Au and Co results Apr 23 2019
PAL0170 3408713.0 7372255.4 60 -79 172.803 200.2 Raja Results Awaited
PAL0171 3408603.8 7372636.0 58 -73 179.753 497.6 Raja Au and Co results Apr 23 2019
PAL0172 3408447.4 7372648.4 47 -79.5 180.158 491.9 Raja Au and Co results Apr 23 2019
PAL0173 3408255.8 7373707.9 116 -56 173.48 427.9 South Palokas Au results Mar 04 2019
Co results here
VG
PAL0174 3408255.8 7373707.9 116 -69.5 173.48 8.3 South Palokas Abandoned hole
PAL0175 3408830.5 7372237.5 60 -74 172.071 120.1 Raja Au and Co results May 28 2019
PAL0176 3408937.3 7372300.3 240 -79.5 173.012 140.0 Raja Au and Co results Apr 23 2019
PAL0177 3408434.0 7372388.0 240 -60 176.1 250.5 Rumajärvi Au and Co results May 13 2019
PAL0178 3408225.9 7372340.1 60 -75 177.064 237.2 Rumajärvi Results awaited
PAL0179 3408105.5 7372350.5 60 -80 180.572 209.0 Rumajärvi Au and Co results May 13 2019
PAL0180 3408128.3 7372706.1 41 -61 173.634 778.65 Terry's Hammer Results Awaited
PAL0181 3407954.6 7372245.0 150 -60 177.834 161.7 Rumajärvi Au and Co results May 13 2019
PAL0182 3407944.8 7372476.5 60 -70 176.8 439.65 Rumajärvi Au and Co results May 13 2019
PAL0183 3408094.0 7372422.1 160 -70 178.624 170.0 Rumajärvi Au and Co results May 13 2019
PAL0184 3407754.4 7372867.6 120 -50 173.07 211.8 Rumajärvi Au and Co results May 13 2019
PAL0185 3407900.4 7372519.6 60 -68 173.064 381.1 Rumajärvi Results Awaited
PAL0186 3407905.2 7372446.2 55 -75 174.386 341.85 Rumajärvi Results Awaited
PAL0187 3408547.0 7372492.4 47 -63.5 176.807 474 Raja Au and Co results May 28 2019
PAL0188 3408630.2 7372440.6 53 -63.5 176.974 379.4 Raja Au and Co results Apr 23 2019
PAL0189 3408768.8 7372378.8 48 -77 173.301 245.5 Raja Co results May 28 2019
PAL0190 3408576.2 7372512.8 63 -65 177.732 427.9 Raja Au and Co results May 28 2019
PAL0191 3408547.0 7372492.4 44 -58.5 176.807 492.1 Raja Results Awaited
VG
PAL0192 3408221.8 7373180.6 130 -60 171.892 203.2 Hut Results Awaited
PAL0193 3408255.3 7373706.4 104 -53 173.478 427.15 South Palokas Results here
PAL0194 3408312.2 7373980.0 74 -57 173.8 497.8 Palokas Au and Co results June 3 2019; VG
PAL0195 3408353.9 7373580.2 65 -77 174.918 245.6 South Palokas Results here
PAL0196 3408089.1 7373031.9 90.5 -60 172.308 317.4 Hut Results Awaited
PAL0197 3408271.4 7373630.1 63 -66.5 173.603 466.8 South Palokas Results here
PAL0198 3408414.1 7373660.3 117 -70 174.417 296.2 South Palokas Results here
VG
PAL0199 3408126.6 7373140.2 215 -80 173.042 386.7 Hut Results Awaited
PAL0200 3408312.2 7373979.0 62 -61.8 173.8 536.8 Palokas Au and Co results June 3 2019
PAL0201 3408545.8 7372603.5 57 -67.25 179.162 281.0 Raja Results Awaited
PAL0201D1 3408545.8 7372603.5 57 -67.25 179.162 195.0-392.2 Raja Results Awaited

Table 2: Better intersections report from the 2019 Winter Drill Program.
Intersections are reported with a lower cut of 0.5g/t gold over 2 metre lower cut except where highlighted with **. No upper cut-off was applied.

Prospect Hole ID from to width Au Co AuEq
Raja PAL0159 419.0 437.0 18.0 0.5 547 1.4
including 419.0 420.2 1.2 0.2 378 0.8
including 422.0 426.0 4.0 0.3 1377 2.5
Raja PAL0159 434.0 437.0 3.0 2.3 672 3.4
Raja including 429.0 432.0 3.0 0.1 488 0.9
Raja PAL0159 451.0 455.5 4.5 1.9 754 3.2
Raja PAL0161 305.5 313.0 7.5 0.0 636 1.1
Raja PAL0161 336.0 338.0 2.0 2.1 362 2.7
Raja PAL0161 344.0 349.0 5.0 2.3 600 3.3
Raja PAL0162 323.0 324.0 1.0 0.0 701 1.2
Raja PAL0162 452.0 453.0 1.0 0.0 562 0.9
Raja PAL0163 416.6 419.4 2.8 0.0 6604 10.9
Raja PAL0164 406.0 414.3 8.3 0.4 519 1.3
Raja PAL0164 418.4 419.7 1.3 0.0 546 0.9
Raja PAL0166 55.3 56.3 1.0 0.1 355 0.6
Raja PAL0166 67.8 68.8 1.0 0.0 568 1.0
Raja PAL0166 76.6 77.6 1.0 0.1 596 1.1
Raja PAL0166 79.3 80.3 1.0 0.0 958 1.6
Raja PAL0169 522.3 524.4 2.1 0.1 368 0.7
Raja PAL0171 299.0 300.1 1.1 0.0 528 0.9
Raja PAL0172 120.0 122.0 2.0 0.0 541 0.9
Raja PAL0172 329.0 332.0 3.0 0.0 573 1.0
South Palokas PAL0173 232.0 233.7 1.7 0.3 363 0.9
South Palokas PAL0173 264.0 281.0 17.0 3.0 827 4.3
including 264.0 269.0 5.0 4.9 536 5.8
including 276.1 281.0 4.9 4.6 1805 7.6
South Palokas PAL0173 380.0 381.1 1.1 0.8 426 1.5
South Palokas PAL0173 384.8 388.8 4.0 0.7 300 1.1
Raja PAL0176 14.0 15.6 1.6 2.4 58 2.5
Raja PAL0176 20.5 31.9 11.4 0.8 382 1.4
Raja PAL0176 33.8 35.7 1.9 1.0 105 1.2
Raja PAL0176 49.0 52.0 3.0 3.8 86 4.0
Rumajärvi PAL0179 6.0 10.7 4.7 1.0 578 1.9
Rumajärvi PAL0179 37.0 38.0 1.0 0.1 311 0.6
Rumajärvi PAL0179 39.0 40.0 1.0 0.0 592 1.0
Rumajärvi PAL0179 48.0 51.0 3.0 0.0 344 0.6
Rumajärvi PAL0179 73.8 76.3 2.5 0.1 342 0.6
Rumajärvi PAL0182 86.3 93.7 7.4 3.4 597 4.4
Rumajärvi PAL0183 54.3 55.1 0.8 0.4 728 1.6
Rumajärvi PAL0183 112.3 114.2 1.9 0.1 364 0.7
Rumajärvi PAL0183 142.5 143.1 0.6 2.2 340 2.8
Rumajärvi PAL0184 117.6 118.6 1.0 1.3 206 1.7
Raja PAL0187 400.4 401.8 1.4 0.1 1345 2.3
Raja PAL0187 416.0 417.0 1.0 0.0 684 1.1
Raja PAL0188 298.3 329.6 31.3 4.3 1030 6.0
Raja PAL0188 298.3 315.6 17.4 2.9 1113 4.8
Raja PAL0188 320.6 329.6 9.0 9.4 1412 11.7
Raja PAL0188 337.9 338.9 1.0 3.1 35 3.1
Raja PAL0189 157.0 162.0 5.0 0.1 344 0.7
Raja PAL0189 165.0 165.8 0.8 1.1 143 1.3
Raja PAL0189 182.9 186.0 3.2 4.5 11 4.6
Raja PAL0189 194.0 195.0 1.0 1.1 90 1.2
Raja PAL0189 200.0 205.0 5.0 2.7 581 3.7
Raja PAL0189 210.0 214.3 4.3 2.3 931 3.8
Raja PAL0189 218.6 222.6 4.0 0.3 506 1.1
Raja PAL0190** 359.2 390.7 31.5 4.8 724 5.9
including 359.2 368.0 8.8 0.5 521 1.4
Including 371.0 390.7 19.7 7.4 908 8.9
South Palokas PAL0193 273.0 284.0 11.0 0.4 1044 2.1
Palokas PAL0194 418.7 433.9 15.2 4.3 2566 8.5
South Palokas PAL0195 126.9 133.0 6.1 0.7 235 1.1
South Palokas PAL0195 171.3 177.0 5.7 0.7 398 1.4
South Palokas PAL0195 181.3 184.0 2.7 <0.05 726 1.2
South Palokas PAL0197** 294.3 326.3 32.0 1.4 1556 3.9
including 294.3 312.2 17.9 1.0 2079 4.4
including 316.9 326.3 9.4 2.8 1320 5.7
South Palokas PAL0198 169.7 179.7 9.8 4.2 1208 6.1

Table 3: Individual assay data from key drill holes reported in this release.

Hole ID Prospect from (m) to (m) width (m) Au g/t Co ppm AuEq g/t
PAL0173 South Palokas 232.0 232.8 0.8 0.1 349 0.7
PAL0173 South Palokas 232.8 233.7 0.9 0.5 375 1.1
PAL0173 South Palokas 264.0 265.0 1.0 1.8 83 2.0
PAL0173 South Palokas 265.0 266.0 1.0 1.0 925 2.5
PAL0173 South Palokas 266.0 267.0 1.0 2.0 306 2.5
PAL0173 South Palokas 267.0 268.0 1.0 19.9 1142 21.8
PAL0173 South Palokas 268.0 269.0 1.1 0.7 266 1.1
PAL0173 South Palokas 269.0 270.0 1.0 0.5 261 0.9
PAL0173 South Palokas 270.0 271.0 1.0 0.2 292 0.6
PAL0173 South Palokas 271.0 272.0 1.0 0.1 464 0.9
PAL0173 South Palokas 272.0 273.0 1.0 0.3 406 1.0
PAL0173 South Palokas 273.0 274.0 1.0 0.2 274 0.7
PAL0173 South Palokas 274.0 275.0 1.0 1.1 413 1.7
PAL0173 South Palokas 275.0 276.1 1.1 0.4 322 0.9
PAL0173 South Palokas 276.1 277.0 1.0 8.6 1841 11.7
PAL0173 South Palokas 277.0 278.0 1.0 8.7 2704 13.1
PAL0173 South Palokas 278.0 279.0 1.0 1.4 2149 4.9
PAL0173 South Palokas 279.0 280.0 1.0 1.1 1869 4.1
PAL0173 South Palokas 280.0 281.0 1.1 3.4 532 4.3
PAL0173 South Palokas 370.7 371.2 0.5 0.1 308 0.6
PAL0173 South Palokas 371.2 372.2 1.0 <0.1 5 0.0
PAL0173 South Palokas 372.2 373.2 1.0 <0.1 399 0.7
PAL0173 South Palokas 380.0 381.1 1.1 0.8 426 1.5
PAL0173 South Palokas 384.8 385.8 1.0 2.0 810 3.3
PAL0173 South Palokas 385.8 386.8 1.0 0.1 298 0.6
PAL0173 South Palokas 386.8 387.8 1.0 0.1 24 0.1
PAL0173 South Palokas 387.8 388.8 1.0 0.4 66 0.5
PAL0173 South Palokas 401.3 402.3 1.0 0.5 896 2.0
PAL0173 South Palokas 402.3 403.0 0.8 0.1 45 0.1
PAL0173 South Palokas 403.0 404.0 1.0 0.2 473 1.0
PAL0173 South Palokas 404.0 404.8 0.8 0.1 596 1.0
PAL0193 South Palokas 266.0 267.0 1.0 0.2 314 0.7
PAL0193 South Palokas 267.0 268.2 1.2 0.1 287 0.6
PAL0193 South Palokas 273.0 274.0 1.0 0.1 959 1.7
PAL0193 South Palokas 274.0 275.0 1.0 0.5 2103 3.9
PAL0193 South Palokas 275.0 276.0 1.0 0.1 1357 2.4
PAL0193 South Palokas 276.0 277.0 1.0 0.1 486 0.9
PAL0193 South Palokas 277.0 278.0 1.0 0.1 284 0.6
PAL0193 South Palokas 278.0 279.0 1.0 0.7 1080 2.5
PAL0193 South Palokas 279.0 280.0 1.0 0.8 929 2.3
PAL0193 South Palokas 280.0 281.0 1.0 0.7 1522 3.2
PAL0193 South Palokas 281.0 282.0 1.0 0.4 1384 2.6
PAL0193 South Palokas 282.0 283.0 1.0 0.1 776 1.4
PAL0193 South Palokas 283.0 284.0 1.0 0.2 607 1.2
PAL0193 South Palokas 287.0 288.0 1.0 0.1 1155 2.0
PAL0193 South Palokas 317.0 318.0 1.0 <0.1 449 0.7
PAL0195 South Palokas 126.9 128.0 1.2 0.3 200 0.6
PAL0195 South Palokas 128.0 129.0 1.0 0.6 382 1.2
PAL0195 South Palokas 129.0 130.0 1.0 0.5 378 1.1
PAL0195 South Palokas 130.0 131.0 1.0 0.7 314 1.2
PAL0195 South Palokas 131.0 132.2 1.2 1.6 72 1.7
PAL0195 South Palokas 132.2 133.0 0.9 0.4 70 0.5
PAL0195 South Palokas 168.0 169.0 1.0 0.6 487 1.4
PAL0195 South Palokas 171.3 172.0 0.8 2.1 172 2.4
PAL0195 South Palokas 172.0 173.0 1.0 0.3 330 0.9
PAL0195 South Palokas 173.0 174.0 1.0 0.2 457 1.0
PAL0195 South Palokas 174.0 175.0 1.0 0.5 345 1.1
PAL0195 South Palokas 175.0 176.0 1.0 1.0 702 2.1
PAL0195 South Palokas 176.0 177.0 1.0 0.5 325 1.0
PAL0195 South Palokas 181.3 182.0 0.7 0.1 1324 2.3
PAL0195 South Palokas 182.0 183.0 1.0 <0.1 258 0.4
PAL0195 South Palokas 183.0 184.0 1.0 0.1 775 1.3
PAL0197 South Palokas 246.8 247.6 0.8 0.8 50 0.9
PAL0197 South Palokas 250.0 251.0 1.0 0.5 119 0.7
PAL0197 South Palokas 254.8 255.8 1.0 0.4 120 0.5
PAL0197 South Palokas 282.3 283.4 1.1 0.2 323 0.7
PAL0197 South Palokas 294.3 295.3 1.0 0.1 749 1.3
PAL0197 South Palokas 295.3 296.3 1.0 0.2 1560 2.7
PAL0197 South Palokas 296.3 297.3 1.0 0.2 2423 4.2
PAL0197 South Palokas 297.3 298.0 0.8 0.3 1777 3.2
PAL0197 South Palokas 298.0 298.8 0.8 0.3 1418 2.6
PAL0197 South Palokas 298.8 299.8 1.0 1.8 2662 6.2
PAL0197 South Palokas 299.8 300.8 1.0 0.4 923 1.9
PAL0197 South Palokas 300.8 301.8 1.1 0.3 2064 3.7
PAL0197 South Palokas 301.8 302.7 0.9 0.2 2581 4.4
PAL0197 South Palokas 302.7 303.5 0.8 0.4 2055 3.8
PAL0197 South Palokas 303.5 304.3 0.8 0.7 3271 6.0
PAL0197 South Palokas 304.3 305.3 1.0 0.5 2222 4.1
PAL0197 South Palokas 305.3 306.3 1.0 0.6 2602 4.9
PAL0197 South Palokas 306.3 307.3 1.0 0.4 2720 4.8
PAL0197 South Palokas 307.3 308.2 1.0 3.1 3795 9.3
PAL0197 South Palokas 308.2 309.2 1.0 0.5 2324 4.3
PAL0197 South Palokas 309.2 310.2 1.0 1.8 1410 4.1
PAL0197 South Palokas 310.2 311.2 1.0 4.3 1668 7.1
PAL0197 South Palokas 311.2 312.2 1.0 1.9 1429 4.3
PAL0197 South Palokas 316.9 317.9 1.0 0.8 1557 3.3
PAL0197 South Palokas 317.9 319.0 1.1 3.0 1421 5.3
PAL0197 South Palokas 319.0 320.0 1.0 8.3 1633 11.0
PAL0197 South Palokas 320.0 321.0 1.0 2.1 1581 4.7
PAL0197 South Palokas 321.0 322.0 1.0 0.5 1388 2.7
PAL0197 South Palokas 322.0 322.9 0.9 0.4 1370 2.7
PAL0197 South Palokas 322.9 323.5 0.6 -0.1 32 0.1
PAL0197 South Palokas 323.5 324.5 1.0 5.4 1073 7.2
PAL0197 South Palokas 324.5 325.5 1.0 0.7 1523 3.2
PAL0197 South Palokas 325.5 326.3 0.8 6.0 1063 7.7
PAL0198 South Palokas 169.9 171.2 1.4 1.5 262 2.0
PAL0198 South Palokas 171.2 172.0 0.8 3.3 1170 5.2
PAL0198 South Palokas 172.0 173.0 1.0 1.2 1108 3.0
PAL0198 South Palokas 173.0 173.9 0.9 1.3 1515 3.8
PAL0198 South Palokas 173.9 174.9 1.0 6.7 1642 9.4
PAL0198 South Palokas 174.9 175.5 0.6 5.4 976 7.0
PAL0198 South Palokas 175.5 176.7 1.2 5.3 1104 7.1
PAL0198 South Palokas 176.7 177.8 1.1 3.9 2297 7.6
PAL0198 South Palokas 177.8 178.8 1.1 12.3 1691 15.1
PAL0198 South Palokas 178.8 179.7 0.9 0.9 364 1.5

Table 4: Compilation of South Palokas intersections greater than 10 g/t * metres (AuEq). Note that three of the top seven are reported here for the first time.

Hole ID Prospect from (m) to (m) width (m) Au g/t Co ppm AUEQ g/t
PAL0197 South Palokas 294.3 326.3 32.0 1.4 1556 3.9
PAL0173 South Palokas 264.0 281.0 17.0 3.0 827 4.3
PAL0198 South Palokas 169.9 179.7 9.8 4.2 1208 6.1
PAL0016 South Palokas 202.0 214.4 12.4 3.4 368 4.0
PAL0091 South Palokas 144.9 160.5 15.6 1.7 364 2.3
PRAJ0070 South Palokas 25.4 31.1 5.7 3.3 583 4.3
PAL0193 South Palokas 273.0 284.0 11.0 0.4 1044 2.1
PRAJ0073 South Palokas 7.7 14.6 7.0 2.4 480 3.2
PAL0018 South Palokas 172.0 173.0 1.0 19.2 49 19.2
PRAJ0072 South Palokas 16.3 20.0 3.7 4.1 642 5.2
PRAJ0075 South Palokas 12.4 24.0 11.6 1.0 349 1.6
PAL0013 South Palokas 132.0 140.8 8.8 0.3 838 1.7
PAL0091 South Palokas 245.7 252.8 7.1 1.1 240 1.5