Major Press Release and resource stimate Please
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Posted On: 09/20/2020 10:41:20 AM
Major Press Release and resource stimate
Please see major favorable news of the Rajaplot project.
https://www.mawsongold.com/news/news-releases...ot-finland
Key Points:
An open pit and underground constrained Inferred Mineral Resource was estimated at 9.0 million tonnes @ 2.1 g/t gold (“Au”), 570 ppm cobalt (“Co”), which equates to 2.5 g/t gold equivalent (“AuEq”) for 600,000 ounces (“oz”) Au or 716,000 oz AuEq. The AuEq value was calculated using the following formula: AuEq g/t = Au g/t + (Co ppm/1430) and using a gold price of US$1,694 per ounce and a cobalt price of US$17.28/lb. Mineral Resources are stated at a 0.3 g/t AuEq open pit cut-off and 1.1 g/t AuEq underground cut-off (Table 1) from three resource areas: Raja, “Palokas” (incorporating both and Palokas and South Palokas) and Rumajärvi (Figure 1);
The updated Mineral Resource doubles the tonnes with a similar grade from the previous inferred Mineral Resource estimation of December 2018 which was 4.3 million tonnes at 2.3 g/t Au, 430 ppm Co;
A total of 72% of the resource falls within a WhittleTM optimized pit outline or 6.7 million tonnes @ 2.1 g/t Au, 499 ppm Co, 2.4 g/t AuEq for 512,000 oz AuEq at 0.3 g/t AuEq cut-off at a gold price of US$1,694 per ounce and a cobalt price of US$17.28/lb of the constrained resource (Figure 2);
Of significance is the recognition of high-grade trends within the down-dip envelopes at the Raja and Palokas prospects;
These high-grade trends are inferred to develop at the lines of intersection between reactive host rocks and steeply to vertically dipping, fracture-controlled hydrothermal alteration (Figure 3 which shows the high grade trends in the resource model and Table 2 demonstrates sensitivity to cut-off grades);
A 20 kilometre drill program with 5 drill rigs is planned from mid to late December 2020 with the aim to immediately expand the Mineral Resource.
See the full document at the URL above but this is excellent news and a 43-101 estimate in 45 days will provide considerable de-risking to this ;project.
Thanks to Michael Hudson and the crew working in Finland for this resource estimate. .
Please see major favorable news of the Rajaplot project.
https://www.mawsongold.com/news/news-releases...ot-finland
Key Points:
An open pit and underground constrained Inferred Mineral Resource was estimated at 9.0 million tonnes @ 2.1 g/t gold (“Au”), 570 ppm cobalt (“Co”), which equates to 2.5 g/t gold equivalent (“AuEq”) for 600,000 ounces (“oz”) Au or 716,000 oz AuEq. The AuEq value was calculated using the following formula: AuEq g/t = Au g/t + (Co ppm/1430) and using a gold price of US$1,694 per ounce and a cobalt price of US$17.28/lb. Mineral Resources are stated at a 0.3 g/t AuEq open pit cut-off and 1.1 g/t AuEq underground cut-off (Table 1) from three resource areas: Raja, “Palokas” (incorporating both and Palokas and South Palokas) and Rumajärvi (Figure 1);
The updated Mineral Resource doubles the tonnes with a similar grade from the previous inferred Mineral Resource estimation of December 2018 which was 4.3 million tonnes at 2.3 g/t Au, 430 ppm Co;
A total of 72% of the resource falls within a WhittleTM optimized pit outline or 6.7 million tonnes @ 2.1 g/t Au, 499 ppm Co, 2.4 g/t AuEq for 512,000 oz AuEq at 0.3 g/t AuEq cut-off at a gold price of US$1,694 per ounce and a cobalt price of US$17.28/lb of the constrained resource (Figure 2);
Of significance is the recognition of high-grade trends within the down-dip envelopes at the Raja and Palokas prospects;
These high-grade trends are inferred to develop at the lines of intersection between reactive host rocks and steeply to vertically dipping, fracture-controlled hydrothermal alteration (Figure 3 which shows the high grade trends in the resource model and Table 2 demonstrates sensitivity to cut-off grades);
A 20 kilometre drill program with 5 drill rigs is planned from mid to late December 2020 with the aim to immediately expand the Mineral Resource.
See the full document at the URL above but this is excellent news and a 43-101 estimate in 45 days will provide considerable de-risking to this ;project.
Thanks to Michael Hudson and the crew working in Finland for this resource estimate. .
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