MAWSON RESOURCES LTD Snapshot
The Company commenced operations on March 10, 2004. On October 28, 2004 the Company completed its initial public offering and on October 29, 2004 commenced trading of its common shares on the TSX Venture Exchange ("TSXV") under the symbol "MAW". At the end of March, 2005 the Company has its shares listed on the Frankfurt Open Market under the trading symbol "MXR". In 2008 the company migrated to the main TSX board under the ticker symbol "MAW".
Mawson is a natural resources company which has been continually engaged in the acquisition and exploration of precious and energy mineral interests since its incorporation in 2004.
The Company's flag ship property is the Rompas gold project in Finland.
The corporate objectives are to build our business in the Nordic countries around Rompas and to find and define large, long-life assets. Our long term vision to cement ourselves as a Finnish based and majority-owned company.
The team has made numerous discoveries and has demonstrated success advancing these towards mining.
The combined Rajapalot and Rompas exploration projects are 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.
Both disseminated and nuggetty high-grade gold has been discovered on a camp-scale area approaching 10 x 10 kilometres within the Paleoproterozoic Peräpohja Belt. Initial discoveries of the nuggety, high-grade, gold-uraninite-bearing dolomite veins were made at Rompas in Sept 2008 by Areva NC geologists. Mawson acquired the project in April 2010 when 30 samples had been collected along the Rompas trend. Results from the maiden drill program at Rompas returned 6 metres at 617 g/t gold from 7 metres depth in drill hole ROM0011. A strike length of over 6 kilometres makes Rompas an exciting target. However, at this stage due to mineralization style and permitting status, the Rajapalot project is the primary focus of exploration.
At Rajapalot, approximately 8 kilometres to the east of Rompas, Mawson field geologists discovered a small, but significant
gold-bearing outcrop, first drilled in 2013. This site, known as the Palokas Prospect returned high-grade, disseminated gold from the first diamond drill holes obtained with a hand-portable drill rig. Results included 19.5 metres at 7.4 g/t gold from 1.3 metres in PRAJ0006; 5.4 metres at 37.6 g/t gold from 2.5 metres in PRAJ0009; 12.6m @ 3.6 g/t gold from 6.7 metres in PRAJ0005; 19.0 metres at 2.3 g/t gold from 8.0 metres in PRAJ0022; and 8.7 metres at 4.6 g/t in PRAJ0025.
During the winter of 2015-16, drilling tested the Palokas mineralisation and broader extents of the Rajapalot system for the first time. Results defined the scale of the hydrothermal system at Rajapalot with major outcomes including:
Palokas mineralization extended to north: PAL0019discovered the down plunge extension of mineralization at Palokas, intersecting 2.9 metres @ 5.9 g/t gold from 176.7 metres, including 1.0 metre @ 16.7 g/t gold from 178.7 metres. Mineralization is hosted within a 40-metre-thick chlorite-tourmaline-amphibole-pyrrhotite rock, and is the deepest discovery at Palokas to date.
Deepest and best drill result achieved to date outside Palokas: PAL0016 intersected 8.4 metres @ 4.2 g/t gold from 206.0 metres inPAL0016, including 3.4 metres @ 9.5 g/t gold from 211 metres was drilled 350 metres along strike from the main Palokas mineralization. Mineralization is hosted in a sericite-quartz-pyrrhotite rock which represents the Rumijarvi style of mineralization which sits 100 metres lower in the stratigraphic pile to the Palokas;
Multiple mineralized zones defined: Mineralization in PAL0018 (1.0metre @ 17.9 g/t gold from 172.0 metres) is hosted in altered sericitic calcsilicate-bearing albitites interpreted to be 50 metres lower in the stratigraphy than the Palokas mineralization.
Mineralized rocks drilled over 3.5 kilometres strike: Drillhole PAL0023 (3.0 metres @ 2.1 g/t gold from 84.4 metres) is significant as it is located 2 kilometres from Palokas, and is the most easterly hole drilled along the Palokas target horizon. The main Palokas mineralized position was found within a 100-metre thick hydrothermally altered talc-silicified-pyrrhotite-amphibole rock. The host sequence here is inverted, increasing both complexity and volume of potential host rock within the target area.
Multiple targets remain untested: A thin veneer of glacial soils thataverage 3-5 metres thick cover 99% of the area. In combination with the ubiquitous presence of gold mineralization in both drilling and surface sampling over a large area, many areas remain untested. These include:
Rumajärvi, located 1,500 metres south of Palokas, where 68 boulders and subcrops >0.1 g/t gold ranged from 0.11 g/t gold to 3,870 g/t gold with an average of 101.4 g/t gold and median of 0.6 g/t gold. Two holes drilled at Rumajärvi failed to find the source of the boulder train.
Joki, which was not tested during this drill campaign, where 13 boulders and outcrops >0.1 g/t gold ranged from 0.10 g/t gold to 2,871 g/t gold with an average of 518.5 g/t gold and median of 135.5 g/t gold.
Boardwalk,which was not tested during this drill campaign, where 13 boulders and outcrops >0.1 g/t gold ranged from 0.18 g/t gold to 221 g/t gold with an average of 38.2g/t gold and median of 1.0 g/t gold and show the same style of chlorite-magnetite alteration seen at Palokas.
The reinterpretation of the geology after winter drilling 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 drillingsuccess remain high.
As at February 29, 2016, the Company holds a total of 2 claims in Sweden covering 2,416 hectares, prospective for gold.
Michael Robert Hudson, B.Sc.(Hons) GDipAppFin FAusIMM MSEG MAIG
Chairman, CEO and Director
Mr. Michael Hudson, B.Sc. (Hons 1st) is an explorationist and entrepreneur. During the last 25 years he has developed and financed mineral exploration properties and since 2004 has headed Mawson Resources Ltd (TSX:MAW) as Chairman, CEO and Director. He graduated from the University of Melbourne in 1990 with a B.Sc. (Hons 1st) in Geology and more recently received the Tolhurst Noall Prize for "Mining Investment Analysis" in Victoria, Australia for the FINSIA Graduate Diploma. Starting his career underground for 3 years in Broken Hill in 1990 with Pasminco Ltd., he has managed and developed exploration to pre-feasibility projects in Pakistan, Australia, Peru, Argentina, Mexico, Finland, Spain, Portugal and Sweden for major and junior mining companies. He was an integral team member for the discovery of the Portia gold deposit in the Olary district of South Australia, the Duddar Pb-Zn mine in Pakistan, the Norra Karr REE deposit in Sweden and the Rompas-Rajapalot gold property in Finland. Mr. Hudson is a founder and Chairman of Leading Edge Materials (TSXv:LEM) a critical metals company in Sweden which owns a globally significant heavy rare earth element project, and a graphite mine targeting the high purity graphite battery electrical storage industry, and a founder of Darwin Resources Ltd (now Tinka Resources Ltd TSXv:TK), a zinc explorer and developer in Peru. He is also a founder and director of Hannan Metals Ltd, a private company with base metal interests in Europe. He is a Fellow of the Australasian Institute of Mining and Metallurgy and Member of both the Society for Economic Geologists and Australian Institute of Geoscientists.
Mr. Henstridge is a self-employed professional geologist and holds a Bachelor of Science (Honours) degree from the University of Adelaide in Australia and professional designations from each of the Australasian Institute of Mining and Metallurgy, the Australian Institute of Geoscientists and the Geological Society of Australia. Mr. Henstridge brings over 30 years of experience in the mining industry including 20 years in managing public-listed companies. Mr. Henstridge is a director and member of various audit, compensation, corporate governance and nominating committees of other public-listed mineral exploration companies.
Nick DeMare CPA,CA
CFO & Director
Mr. DeMare, a chartered professional accountant, has been President of Chase Management Inc. since 1991, providing accounting, management, securities regulatory compliance and corporate secretarial services to private and public-listed companies. Mr. DeMare also serves as an officer and/or director of a number of public-listed companies. Mr. DeMare holds a Bachelor of Commerce degree from the University of British Columbia and is a member in good standing of the Institute of Chartered Accountants of British Columbia.
Mark Saxon B.Sc.(Hons) GDipAppFin MAusIMM MAIG
Mr. Saxon has 23 years of experience in exploration and resource geology. He graduated from the University of Melbourne in 1991 with a First Class Bachelor of Science (Honours) in geology, and is a member of the Australasian Institute of Mining and Metallurgy. Prior to joining Mawson Resources, he was employed by a number of Canadian exploration companies undertaking project assessment and acquisition for gold and base metal projects. Mr Saxon has also worked for Pasminco Australia Ltd in Australia and South America. Mr Saxon has familiarity with a large number of mineralised terranes and individual mineral deposits and specialises in regional project generation for gold and base metals and exploration geochemistry. His experience ranges from first pass project generation and grassroots exploration to resource definition. Mr Saxon has considerable experience and practical knowledge of the geology, prospectivity and operating environments of Australia, Northern Europe and South America. Mr Saxon is also a Director of Leading Edge Materials Ltd (TSXv:LEM).
Mr. Colin Maclean B.A (First Class Honours Geology)
Mr. Colin Maclean B.A (First Class Honours Geology). Mr Maclean is Deputy Chairman and a founding partner of The Sentient Group's Resources Funds ("Sentient"). For the past 9 years he has stewarded Sentient's investments as a director of the investee companies under his direct responsibility. Prior to joining Sentient, he spent 14 years in funds management at the Private Capital division of the AMP Society, then Australia's foremost investing institution. Prior to AMP, he spent 15 years as an exploration geologist, mainly with the Exxon Minerals group, exploring for uranium and other ore deposit types in Australia, South Africa, the USA and Europe. His most senior role was Exploration Manager for Exxon Minerals Germany, where his team was successful in delineating a uranium deposit.
Noora Raasakka is the Environmental Leader Finland for Mawson. Noora is a Forestry Engineer with a Masters Degree in Landscape Management. She has developed strong experience within the Finnish environmental administration, applying environmental legislation towards nature protection. Her most recent role has been with The Centre for Economic Development, Transport and the Environment for Lapland (ELY-Centre) in the Nature Protection Unit as a project manager for a program based on developing biodiversity and ecological connections between Natura 2000 sites. As Environmental Leader, Noora sets Environmental Policy with senior management, and is responsible for environmental monitoring and management plans. She is responsible for identifying and managing key environmental risks associated with Mawson's projects and for ensuring environmental factors are effectively addressed and managed. Working closely with local communities and government, Noora manages consultants and ensures that environmental criteria are integrated into the design of exploration projects. The role is a key member of the exploration team and is responsible for ensuring all environmental requirements are delivered on time and within scope.
Dr Nick Cook
Dr Nick Cook obtained his Bachelor of Science with Honours (Geology) from the University of Otago in 1985, then a PhD (Geology) from the University of New England in 1994. He has over 20 years of global experience in exploration and exploration-focused research geology. For the last three years he has acted as Vice-President Exploration for Mawson.
Exploration Manager: Scandinavia
Dr Erkki Vanhanen, who came to Mawson via Areva NC in 2010, is the Exploration Manager Scandinavia for Mawson. Dr Vanhanen graduated from a Master of Science in Geology and Mineralogy in 1981 and completed his PhD in Geology and Mineralogy in 2001. Both degrees were completed at the University of Oulu. Dr Vanhanen's professional experience has primarily been in gold and uranium exploration for 25 years including 15 years generating, implementing and managing exploration projects in the field. He spent 3 years with Areva Resources Finland OY as Technical Director and 23 years with the Geological Survey as Finland, with a final role as Division Manager, Bedrock and Raw Materials.
Ms. Bermudez has over 19 years of experience providing corporate secretarial, corporate governance and securities regulatory compliance services to public-listed companies and serves as corporate secretary to various reporting issuers. Ms. Bermudez has also been a legal secretary/assistant for two Vancouver law firms.
Mawson Resources Limited
Mariana Bermudez- Corporate Secretary
1305 - 1090 West Georgia Street
Vancouver, BC V6E 3V7 Canada
Mawson Oy Suomi (Finland)
Noora RaasakkaNoora Raasakka:Environmental Leader
Ahjotie 7, 96320 Rovaniemi,
Email: [email protected]