Independent. The company was originally facing charges over destruction to a specific endangered plant species, but Finland's Kemi-Tornio district court cleared Mawson of the matter. Trading halts are issued based on the principle that all investors should have the same timely access to important company information.
As a result, Goldcorp has become a new shareholder of the Company holding approximately 12.7% of the issued and outstanding share capital of Mawson and 17.9% on a partially diluted basis, assuming full exercise of the Goldcorp Warrants. This project makes use of the geological data gathered by the company in order to predict the locations of orchid habitats and to provide opportunities for their modelling.
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Higher grade gold mineralization has been drill delineated over 350m strike and from surface to the extent of RC drilling and the project will therefore be evaluated in the future for open pit mining. 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 Commodities high.
In an update on its drilling plans at Rajapalot in Finland, Michael Hudson, chairman and chief executive officer, said: Owing to a complicated Finnish administrative system, we have had to complete drilling at Kairamaat 2-3 permit a few weeks earlier than anticipated.
VANCOUVER, BRITISH COLUMBIA-(Marketwired - April 26, 2016) - Mawson Resources Limited ("Mawson") or (the "Company") TSX:MAW)(FRANKFURT:MXR)(OTC PINK:MWSNF) provides an update on the final 8 drill holes (PAL0018-25) from the 16 hole, 3,386 metre winter drill program at the 100% owned Palokas gold project in Finland.
On the same terms, Michael Robert Hudson , CEO and Director, acquired 75,000 Common Shares and 37,500 Warrants on a control or direction basis for registered holder Elwood Partners Discretionary Trust. Mawson Resources Limited is a mineral exploration company.
According to present data Mawson Resources's MWSNF shares and potentially its market environment have been in bearish cycle last 12 months (if exists). 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.
Tuesday's finds hail from five new holes at the Rajapalot gold-cobalt project - from three prospect areas - Raja, Rumajarvi and South Palokas. We expect results from re-assaying and drilling to be upcoming catalysts for the company, as it looks to build a maiden resource.
MAWSON RESOURCES LTD ( TSE:MAW ) has told investors it has made a great start” to the winter drilling programme at its Rajapalot gold project in northern Finland. The higher the company percentile the better, based on the assumptions that the lowest issued shares and highest working capital are best.
2017-04-15, English, Article, Other article edition: Profile of Dr Nick Cook President of Mawson Resources Limited. Mawson Resources Limited is an exploration and development company. Quote data, except U.S. stocks, provided by SIX Financial Information. Unable to compare Mawson Resources's revenue growth to the CA market average as no estimate data is available.