Mawson Gold Limited ('Mawson' or the 'Company') (TSX:MAW)(FRANKFURT:MXR)(OTC PINK:MWSNF) announces results from six further drill holes (SDDSC056-58, 61, 63 and 65) at the Sunday Creek Project in Victoria.
Sunday Creek is 100% owned by Southern Cross Gold ('SXG'), which is an ASX listed company owned 51% by Mawson. Four rigs continue to drill both in the main drill area and up to 7.5 km along strike at the Tonstal prospect with 13 holes being processed and analyzed or in progress. Mineralization now extends in the main drill area over 1,350 m from Christina in the far west to SDDSC063.
Results Discussion
The Sunday Creek epizonal-style gold project is located 60 km north of Melbourne within 19,365 hectares of granted exploration tenements. SXG is also the freehold landholder of 133 hectares that forms the key portion in and around the drilled area at the Sunday Creek Project.
Sunday Creek has an 11 km mineralized trend that extends beyond the main drill area and is defined by historic workings and soil sampling which is being drill tested for the very first time with the fourth drill rig which mobilized to site just over a week ago.
Rising Sun Prospect
Drill hole SDDSC061 is a large 270 m step out vertically below the Rising Sun Shoot and intersected: 8.0 m @ 1.3 g/t AuEq (1.2 g/t Au, 0.1 %Sb) from 656.0 m 12.0 m @ 7.4 g/t AuEq (7.4 g/t Au, 0.0 %Sb) from 688.0 m o Including 0.3 m @ 249.5 g/t AuEq (249.5 g/t Au, 0.0 %Sb) from 691.1 m
SDDSC061 is located 270 m below the Rising Sun intersection in SDDSC050 which returned 14.5 m @ 4.9 g/t AuEq (4.2 g/t Au, 0.5% Sb) from 439.8 m. Multiple points of visible gold (Photos 1 and 2) were observed between 691.0 m to 695.1 m in SDDSC0061. SDDSC061 is located 187 m west in a horizontal plane from SDDSC050 and is the second deepest mineralized intersection on the project to date at 690 m vertically below surface. Results are only presented from 27-76 m and 620-770m in SDDSC061, whilst assays from 76 m-399 m are still being awaited, but not expected to produce higher grades. The last assay in the hole between 769-770 m assayed 0.7 g/t Au with further assaying at depth ongoing.
About Mawson Gold Limited (TSX:MAW, FRANKFURT:MXR, OTCPINK:MWSNF)
Mawson Gold Limited is an exploration and development company. Mawson has distinguished itself as a leading Nordic exploration company with its 100% owned flagship Rajapalot gold-cobalt project in Finland, and right to earn into the Skelleftea North gold project in Sweden. Mawson also currently owns 51% of Southern Cross Gold Ltd (ASX:SXG) which in turn owns or controls three high-grade, historic epizonal goldfields covering 470 km2 in Victoria, Australia.
About Southern Cross Gold Ltd (ASX:SXG)
Southern Cross Gold holds the 100%-owned Sunday Creek project in Victoria and Mt Isa project in Queensland, the Redcastle and Whroo joint ventures in Victoria, Australia, and a strategic 10% holding in ASX-listed Nagambie Resources Limited (ASX:NAG) which grants SXG a Right of First Refusal over a 3,300 square kilometer tenement package held by NAG in Victoria.
Contact:
Tel: +1 (604) 685 9316
Forward-Looking Statement
This news release contains forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, 'forward-looking statements'). All statements herein, other than statements of historical fact, are forward-looking statements. Although Mawson believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, Mawson's expectations regarding its ownership interest in Southern Cross Gold, capital and other costs varying significantly from estimates, changes in world metal markets, changes in equity markets, the potential impact of epidemics, pandemics or other public health crises, including the current pandemic known as COVID-19 on the Company's business, risks related to negative publicity with respect to the Company or the mining industry in general; exploration potential being conceptual in nature, there being insufficient exploration to define a mineral resource on the Australian-projects owned by SXG, and uncertainty if further exploration will result in the determination of a mineral resource; planned drill programs and results varying from expectations, delays in obtaining results, equipment failure, unexpected geological conditions, local community relations, dealings with non-governmental organizations, delays in operations due to permit grants, environmental and safety risks, and other risks and uncertainties disclosed under the heading 'Risk Factors' in Mawson's most recent Annual Information Form filed on www.sedar.com . Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
MAWSON GOLD LIMITED 
