SOUTHERN CROSS Stock Price, News & Analysis

Mawson Gold Limited (MWSNF) has initiated drilling on a significant gravity/magnetic target in the Mount Isa block, Queensland, following the receipt of a $200,000 grant from the Queensland government. The drilling aims to explore a large, undrilled gravity anomaly with depths ranging from 700 to 1,500 meters. Additionally, Mawson has expanded its exploration permits by 312 square kilometres, bringing its total area to 785 square kilometres. With this expanded land position, the company aims to capitalize on the rich mineral resources of the region, noted for containing substantial global deposits of silver, copper, lead, and zinc.

Mawson Gold Limited (OTC PINK:MWSNF) announced an Amended and Restated Option Agreement with Nagambie Resources Limited, expanding its exploration area in Victoria, Australia by 73% to a total of 471 sq km. The agreement covers 199 sq km of the Whroo goldfield trend, which has seen minimal modern exploration despite its significant historical production. Mawson can earn up to a 70% interest by spending A$4.0M over six years and making cash payments totaling A$250,000 over four years. This strategic addition strengthens Mawson's position in key Australian goldfields.

Mawson Gold Limited (MWSNF) has joined the European Raw Material Alliance (ERMA), aimed at enhancing Europe's supply chain resilience and promoting sustainable raw materials by 2030. ERMA seeks to boost production and recycling of critical materials while fostering innovation and job creation. Mawson's Rajapalot project in Finland is highlighted as a key resource for sustainable gold and cobalt, aligning with EU goals for ethical sourcing. This partnership positions Mawson as a foundational member of ERMA, reflecting its commitment to sustainable practices in the mining sector.

Mawson Gold Limited has reported promising assay results from its initial drill hole at the Sunday Creek project in the Victorian Goldfields, Australia. The diamond drillhole MDDSC001 yielded 15.2 meters of 3.7 g/t gold from surface, including a notable interval of 0.6 meters at 17.9 g/t gold. This project has historically significant production and is now seeing renewed exploration with plans for continued drilling. The company is mobilizing a second drill rig to expand the defined gold mineralized system. CEO Michael Hudson highlighted the strong start and the potential for increased project scale.

Mawson Gold Limited (MWSNF) has commenced diamond drilling at its 100%-owned Rajapalot gold project in Finland, with operations at the permitted Hirvimaa and East Joki areas. The initial 2,000-meter drill program aims to explore gold anomalies and geophysical conductors, while a larger 20-kilometer drill program is planned for December. Ongoing electromagnetic surveys are expected to enhance exploration efforts. Recent drilling has indicated high-grade gold intersections, highlighting the project's potential for significant discoveries.

Mawson Gold Limited (OTC PINK:MWSNF) has filed an independent technical report, effective September 14, 2020, titled "Rajapalot Property Mineral Resource Estimate", concerning its 100% owned Rajapalot Property in Finland. The report was prepared by independent qualified persons, Mr. Rod Webster and Dr. Kurt Simon Forrester. The company also disclosed its audited Consolidated Financial Statements and Management's Discussion and Analysis for the year ended May 31, 2020. The technical report and financial documents are available on Mawson's website and SEDAR.

Mawson Resources Limited (PINKSHEETS:MWSNF) has completed initial drilling at the Sunday Creek gold project in Victoria, Australia, totaling 345 meters across three drill holes, targeting high-grade gold veining. Results are anticipated by the end of September. The drill rig has transitioned to the Redcastle project, known for its historic mining success with over 20,000 ounces extracted at high grades. A second rig will be mobilized soon, with plans for a 5,000-meter drilling program in Victoria by year-end 2020. Ongoing geophysical surveys will further explore these promising sites.

Mawson Gold Limited (MWSNF) announced a significant update to its Rajapalot project in Finland, doubling its inferred gold-cobalt mineral resource estimate to 9.0 million tonnes at 2.5 g/t AuEq, equivalent to 716,000 oz AuEq. This increase, completed by AMC Consultants, showcases high-grade trends and positions 72% of the resource within an optimized pit outline. A 20-kilometre drilling program is set to begin in December to expand the resource and target high-grade areas. The project demonstrates a robust discovery cost of approximately US$10/oz.

Mawson Gold Limited (MWSNF) announced significant management changes and team enhancements for its 100%-owned Finnish subsidiary, Mawson Oy. Noora Ahola has been appointed Managing Director, and Bouke van 't Riet joins as Non-Executive Technical Director. Mawson plans to update the Rajapalot resource estimate in September and mobilize a drill rig for exploration. Furthermore, Dr. Nick Cook has been named Chief Geologist. The company aims to strengthen its leadership amid COVID-19 challenges, emphasizing local expertise for project development and governance.