SOUTHERN CROSS Stock Price, News & Analysis

Mawson Gold Limited (OTC PINK: MWSNF) has initiated two key planning processes for the Rajapalot Project in Finland: the Environmental Impact Assessment (EIA) and land use planning. This marks a significant step in securing local stakeholder support and reducing project risks as drilling continues. The EIA aims to evaluate environmental impacts and encourage public participation. Local authorities in Rovaniemi and Ylitornio have also begun master land use planning for the project. Mawson is committed to covering all associated costs and emphasizes the importance of stakeholder engagement in project development.

Mawson Gold Limited (MWSNF) reported significant assay results from five diamond drill holes (MDDSC006-10) at its 100%-owned Sunday Creek project in Victoria, Australia. The best result was from hole MDDSC010, which intersected 7.0 metres at 6.0 g/t gold, including intervals of 18.5 g/t and 72.9 g/t gold. Drilling at the historic Gladys mine area has shown multiple high-grade vein structures with strong potential for further discoveries. Overall, 12 holes have been completed with ongoing drilling and assay results anticipated for antimony.

Mawson Gold Limited (OTC PINK:MWSNF) has completed drilling at the F11 target in Queensland, Australia, backed by a AUD$200,000 grant from the Queensland State Government. The drill hole MQDDH001 reached 849.7m, intersecting iron sulphides and various styles of sulphide accumulations. Samples have been submitted for assay, with results expected in January 2021. The drilling aimed to investigate a significant gravity anomaly. Mawson's Chairman expressed optimism about the results and the potential of the region.

Mawson Gold Limited (MWSNF) announced successful drilling results at the Joki East prospect within its Rajapalot Project in Finland. Notable intersections include PAL0242 with 1.6 metres at 19.2 g/t gold, following the discovery hole PAL0241 at 28.3 g/t. A total of eight drill holes have been completed, with visible gold found in four. Mineralization is defined across a body measuring 50-60 metres wide and 120 metres down plunge. The company plans to mobilize four rigs for further drilling in late 2020 and early 2021, and results for additional holes are forthcoming.

Mawson Gold Limited held its Annual General Meeting on November 18, 2020, with 115,097,600 shares voted, representing 45.14% of total shares. Shareholders approved all resolutions, including the re-election of directors and the re-appointment of D&H Group as auditors. The Option Plan received 83.08% approval, while the RSU Plan garnered 69.79%. Notable directors' voting percentages include Michael Hudson at 99.98% and Nick DeMare at 73.17%. The Company aims to advance its gold projects in Finland and Australia, having nine drill rigs operational.

Mawson Gold Limited announced promising drill results from its Sunday Creek project in Victoria, Australia. Notable findings include diamond drillhole MDDSC002, which intersected 5.0 metres at 5.2 g/t gold and 21.0 metres at 3.4 g/t gold. Drillhole MDDSC003 showed 7.9 metres at 1.8 g/t gold. These results affirm the high-grade mineralization in the area, encouraging further drilling to expand the gold resource. Mawson has mobilized additional drilling rigs to enhance exploration efforts while a geophysical crew will test the system's potential along its strike.

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.