Mawson receives key selections for Rajapalot gold-cobalt challenge in Finland

“This can be a watershed second in Rajapalot’s journey from discovery to potential mine growth,” stated Mawson CEO Ivan Fairhall in a launch. “On the bottom, Mawson continues the vital challenge definition work to assist this clear course of to rezone the challenge space for mining.”

Sure components of the Rajapalot property are lined by the European Union’s Natura 2000 community that’s in place to preserve nature’s variety throughout the continent.

“The overwhelming assist for growth of mineral deposits in Natura 2000, by the very best decision-making authority in Lapland, makes it crystal clear that Natura 2000 designation is to not be misconstrued as a constraint within the sustainable growth of those strategically vital belongings,” Fairhall added.

Mawson acquired 100% of the Rajapalot challenge from Areva in 2010 for €1 million together with Areva’s different exploration properties in Finland. Gold and cobalt happen in two completely different host rocks, both iron-magnesium or potassic-iron varieties.

Inferred sources as calculated final August are 10.9 million tonnes grading 2.5 g/t gold and 443 ppm cobalt (3 g/t gold-equivalent). By way of contained metals that’s 887,284 oz. of gold and 4,836 tonnes of cobalt (1 million oz. gold-equivalent). The portion recoverable by open pit strategies is 2.2 million tonnes grading 1.6 g/t gold and 396 ppm cobalt, and the underground portion is 8.7 million tonnes at 2.5 g/t gold and 443 ppm cobalt.

The newest useful resource estimate has a 19% increased gold grade and 47% extra contained ounces than the earlier estimate launched in September 2020.

The Rajapalot challenge contains eight distinct zones, and the expansion potential stays robust, in response to Mawson. Drilling has to this point lined solely 20% of the Rajapalot property, which itself is simply 5% of the 100-sq.-km land bundle owned by Mawson in Finland.

(This text first appeared within the Canadian Mining Journal)

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