The Rompas-Rajapalot exploration project is the Company’s flagship properties, located just south of the Arctic Circle in Finnish Lapland. These are straddles the boundary of the Ylitornio and Rovaniemi municipalities. Mawson is focussed on two target areas at Rompas-Rajapalot:
1. A primary target of disseminated gold mineralization at Rajapalot, where discovery at the Palokas Prospect of high grade and thick core sample results include 19.5 metres @ 7.4 g/t gold from 1.3 metres from PRAJ0006 5.4 metres @ 37.6 g/t gold from 2.5 metres from PRAJ0009 (including 1.0 metres @ 189.0 g/t gold from 6.9 metres); 6.8 metres @ 14.7 g/t gold from 34.4 metres and 10.0 metres @ 11.06 g/t gold from - 2 - 110.2 metres. This disseminated mineralization is coincident with geophysical anomalies that extend for more than 4 kilometres. Follow up drilling along the strike extent produced results including 27.0 metres @ 3.3 g/t gold (no cut) from 64.0 metres including 3.0 metres @ 2.9 g/t gold from 64 metres, 2.0 metres @ 5.6 g/t gold from 70.0 metres and 8.8 metres @ 7.5 g/t gold from 82.2 metres in PAL0075 and 13.5 metres @ 4.0 g/t gold from 180 metres in PAL0062. At the Raja Prospect, some 1,500 metres south of Palokas, drill hole PAL0093 intersected 31.7 metres @ 8.4 g/t gold from 244.1 metres, including 10.9 metres @ 21.0 g/t gold from 252.2 metres. This prospect now extends for over 400 metres down plunge, with a geophysical signature of over 900 metres to be drill tested.
2. The Company’s secondary target is the Rompas vein-style target area. The first drill program at South Rompas included the highlight of 6 m @ 617 g/t gold from 7 metres in drill hole ROM0011 which includes 1 metre @ 3,540 g/t gold from 11 metres depth. The second drill program, conducted over the winter (December 2012 - January 2013) confirmed the presence and variable continuity within metabasalts of high grade, nuggety gold at both North and South Rompas and included results from North Rompas of 0.4 metres @ 395 g/t gold and 0.41% uranium in drill hole ROM0052 and at South Rompas the top 24% all assays from trenches and drilling now grade 100 g/t or more. At the Raja prospect, drill results support the discovery of a new coherent mineralized body (ie PAL0093 31.7 metres @ 8.4 g/t gold from 244.1 metres). A 120 metre step-out on the mineralized trend from PAL0093 intersected mineralization in the second drill hole, PAL0118 including a 23 metre zone averaging 3.4 g/t gold (uncut). The Raja mineralization has now been drilled over 500 metres from surface with mineralization unconstrained laterally and down plunge.
The interpretation of the geology indicates that more than 65 kilometres of host stratigraphy exists within Mawson's permit area. In combination with the thick and widespread occurrence of hydrothermal alteration associated with the gold mineralisation in these drill holes and others at Rajapalot, and the abundant gold-bearing hydrothermal sericite-, biotite- and magnetite-bearing boulders in the area, expectations for further drilling success remain high.