“It is 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 necessary venture definition work to help this clear course of to rezone the venture space for mining.”
Sure elements of the Rajapalot property are coated by the European Union’s Natura 2000 community that’s in place to preserve nature’s variety throughout the continent.
“The overwhelming help 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 necessary belongings,” Fairhall added.
Mawson acquired 100% of the Rajapalot venture from Areva in 2010 for €1 million together with Areva’s different exploration properties in Finland. Gold and cobalt happen in two totally 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 venture contains eight distinct zones, and the expansion potential stays robust, in response to Mawson. Drilling has thus far coated solely 20% of the Rajapalot property, which itself is simply 5% of the 100-sq.-km land package deal owned by Mawson in Finland.
(This text first appeared within the Canadian Mining Journal)