Mawson has received approvals and commenced a near-surface diamond drilling program at three uranium prospects at the Hotagen uranium project in northern Sweden.
200 shallow diamond drill holes for 1,200m are proposed to test bedrock for strike extensions of uranium mineralization at known prospects beneath thin soil cover. The average depth of each hole is anticipated to be 6m.
The three project areas to be drill tested are located within 4km of each other. Klappibacken North is 1.1km north of Mawson’s NI 43-101 compliant indicated resource of 3.3Mlb at 0.08% U3O8.
The new drilling will test a magnetic anomaly which is interpreted to be the source of a uranium mineralized diabase boulder train, consisting of 40 boulders over an area of 100m by 25 m. Five boulders were assayed by the Swedish Geological Survey (SGU) in 1974 and ranged from 0.10% U3O8 and 0.74% U3O8 and averaged 0.52% U3O8.
Ravinen targets the source of a 150m long boulder train discovered by the SGU in 1974. It comprises of more than 100 boulders. Historic assays ranged between 0.003% U3O8 and 1.35% U3O8 and averaged 0.47% U3O8.
Mineralization is generally hosted in mylonitic granite, similar to resource-status projects in the area. Boulders appear to be very near to their original bedrock source.
The third one is Urban Hill, recently discovered by Mawson while drill testing. This program will test the strike extensions of four high grade mineralized outcrops in a 150m by 20m area where assays ranged from 0.04% eU3O8 to 2.90% eU3O8 and averaged 1.13% eU3O8, and a soil covered area which measures 2 to 10 times the background radioactivity in an area of 10m by 3m.
Michael Hudson, president and CEO of Mawson, said: “Mawson is committed to further develop its position as the dominant uranium explorer in Scandinavia.
”Mawson’s geological team has prioritized the most highly prospective sites from 21 separate project areas that have been discovered at Hotagen and we look forward to acquiring new drilling data from this exciting region.”