Mawson Resources (MWSNF.PK) announced Monday the first channel sample results from the company's Rompas gold-uranium project in northern Finland, uncovering "bonanza grade" gold.
Highlights from 39 surface channel samples include 0.3m at 1,866 g/t gold and 8.0% uranium, and 0.26m at 1,510 g/t gold and 3.95 % uranium.
This first reported set of representative channel sample results are a milestone for Mawson at Rompas, as they demonstrate the repeated occurrence of bonanza grade gold developed within multiple, 10-30cm wide structures with mineralized margins,
said Michael Hudson, CEO of Mawson Resources.
Also, there were 10 mineralized grab samples that averaged 672 g/t gold and 2.06% uranium. Gold grades from the grab samples ranged from 0.2 g/t to 3,230 g/t, while uranium grades ranged from 14.6 parts per million (ppm) to greater than 15%.
A total of 984 rock chip samples from the field program conducted during the summer are yet to be reported, said the company, including 111 highly radioactive samples.
In addition to uranium and gold, the company is also exploring for copper in Cordillera, Peru.
Since the announcement, the company's share price has rallied 26% Monday, [and a further 11.67% on Tuesday]. Mawson's share price has rallied 584% in the past year.