Mawson Prepares to Core Sample the Palokas Gold Project in Finland
July 30, 2014 (Source: Marketwired) — Mawson Resources Limited (“Mawson”) or (the “Company”) (TSX:MAW)(FRANKFURT:MXR)(PINKSHEETS:MWSNF) announces that the Company has been in discussion with the relevant authorities to continue to core sample at the Palokas prospect in Finland.
According to the Finnish Mining Authority (“TUKES”), the current claim conditions permit the use of a hand-portable core sampler at Rajapalot within Natura 2000 biodiversity areas. This technique was used earlier this year during the discovery of the Palokas prospect where core sample results included 19.5 metres @ 7.4 g/t gold from 1.3 metres depth (see Mawson Press Releases October 03, 2013, October 16, 2013 and January 20, 2014). The Company is currently completing a research plan to submit to the Environmental Administrator (“ELY”), and should that plan be accepted, it is envisaged that core sampling will recommence in mid to late August.
The Company has also been advised that one administrative appeal by a non-governmental organization was filed against the decision made by TUKES to grant large drill rig access during winter new exploration permit over the Rajapalot area. Finnish Law allows an affected party to appeal any government authority decision. A standard review process by the regional administrative court is now underway to assess the validity of the appeal. A full review can take up to 10 months, however, the Company is looking to negotiate a faster settlement to enable larger rig access during the 2014/15 winter program.
Mr Hudson states, “As the permitting process nears its completion at Rajapalot, we look forward to core sampling again south of Palokas, subject to approval of a work plan, and understand the responsibility granted to us by both the existing and new exploration claim decisions. Having completed three years of flora and water base line studies and environmental impact assessments, we look forward to continuing to work closely with both the mining and environmental authorities over the coming years to ensure our work is conducted according to sustainable and global best practice methods.”
About Mawson Resources Limited (TSX:MAW)(FRANKFURT:MXR)(PINKSHEETS:MWSNF)
Mawson Resources Limited is an exploration and development company. Mawson has distinguished itself as a leading Scandinavian exploration company with a focus on the flagship Rompas and Rajapalot gold projects in Finland.
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The qualified person for Mawson’s Finnish projects, Mr. Michael Hudson, President & CEO for Mawson and Fellow of the Australasian Institute of Mining Metallurgy has reviewed and verified the contents of this release.
On behalf of the Board,
Michael Hudson, President & CEO
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, including statements regarding the planned summer drill program and anticipated exploration activities 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, equipment failure, unexpected geological conditions, permitting, operational delays, 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.
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