Government-Funded Drilling in Elephant Country
Mawson Resources (TSX: MAW)(OTC: MWSNF), which is advancing multiple mineral exploration projects on multiple continents, surprised the market Wednesday with news that it is set to receive $200,000 from the Queensland Government to drill-test its premiere deep gold/silver/copper target in the prolific Mt Isa region of Australia.
The Mt Isa area is one of the most metal-endowed areas on the planet, containing 5% of the world’s silver resources, 1.7% of the world’s copper resources, 21.2% of the world’s lead resources, and 11% of the world’s zinc resources.
For those who’ve been following the Mawson Resources story, you know that the company’s Mt Isa property lies just 50 kilometers south-southeast of BHP’s Cannington mine, which is the world’s largest single silver producer, representing about 6% of the world’s primary silver production.
This upcoming drill program for Mawson will mark the first time anyone has been able to examine the “at-depth” mineralization of this particular land parcel since its formation some 1.7 billion years ago.
Our own Gerardo Del Real took the opportunity to interview Mawson’s chairman & CEO, Michael Hudson, to get his perspective on all things Mawson including the upcoming drill phase at Mt Isa, additional drilling at its Redcastle High-Grade Gold Project in Victoria, Australia, and a forthcoming resource update from its Palokas project in Finland where the company recently intersected 4.9 metres @ 18.0 g/t gold and 1,236 ppm cobalt.
With gold now poised to break above $2,000 an ounce for the first time ever, it’s difficult to imagine Mawson’s share-price staying put much longer — especially if more good news continues to arrive by way of the drill bit.
Click here for the interview.
Click here to see how we’re positioning for additional 10-baggers in this gold bull market.
Yours in profits,
Editor, Resource Stock Digest
Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.