Mawson Finland Limited, a prominent name in the global mining industry, amid its exploratory pursuit, recently announced a breakthrough at their Rajapalot gold-cobalt prospect. The company revealed that they have successfully expanded the known mineralized zones with notably rich quantities of gold and cobalt following step-out drilling at the Palokas.
Taking the forefront of this expansion was the substantial finding of an impressive 7 meters with drill yield of 9.1 grams per tonne (g/t) gold and 706 parts per million (ppm) cobalt. This result signifies the existence of high-grade ore bodies within the region, suggesting the presence of a potentially undiscovered mineral deposit beneath the surface. It affirms the prospect’s potential to be a major supplier of not just gold, but also cobalt.
Cobalt, being a crucial ingredient in the production of rechargeable batteries used by electric vehicles, garners substantial demand in the market. Simultaneously, gold continues to be an integral part of investment portfolios and serves as sound security against market volatility. This amplifies the significance of Mawson’s discovery.
The drill results have further formed a comprehensive picture of the geological miraculi present within the property. The data collected has underscored the promising potential of the Palokas targets and the company’s belief in the prospect’s productive capabilities.
Built on systematic and detailed drilling techniques, the expansion was carried out methodically under expert supervision. Insightful planning and execution led to the detection of two mineralized horizons within a broad sequence. This also proved that the mineralization in the area extends to the depth and along the strike.
The stratigraphic relationships between lithological units, alteration minerals, structure, and gold and cobalt result in a high grade and interesting thickness of the intersected mineralisation. The two principal lenses of mineralization occur between a contact of metasedimentary rocks and overlying mafic volcanic rocks.
The nature of mineralization is broad, dictating the continuous sourcing of these beneficial resources. The company utilizes an inclined drilling method ensuring accurate line drilling to map the continuity of mineralization, both along and across the strike.
The other assay results from additional drill holes have continued to yield promising outcomes, showcasing the continuity and grade of both gold and cobalt enrichment. This not only proves the presence of metallic minerals but also suggests their potential abundance.
Profoundly, the identification of gold and cobalt, typically in the form of cobaltite, within quartz veins running through the rock formations, has been a key highlight. The existence of both elements in such proximity indicates an intimate association, suggesting a unique ore-forming process.
The mining company is set to continue further exploration to expand the known mineralized zones. The data and insights generated from the current drilling program will direct future drilling efforts aiming to advance the geological understanding and the scope of the prospect.
Such progress emphasizes Mawson Finland Limited’s dedication and commitment to continuing the exploration of the Rajapalot zone. With these results, the firm has boosted its operational capabilities and crafted a solid foundation for future explorations in the realm of mineral discoveries.
