Mawson begins diamond drilling at Duobblon projectMawson begins diamond drilling at Duobblon project
2010-01-19 16:44 ET - News Release
Mr. Michael Hudson reports
MAWSON COMMENCES DRILLING AT THE DUOBBLON URANIUM PROJECT IN SWEDEN
Mawson Resources Ltd. has commenced a near-surface diamond drilling program at its Duobblon uranium project in northern Sweden where an inferred National Instrument 43-101-compliant resource of 13.8 million tons at 0.03 per cent uranium oxide (8.8 million pounds U3O8) has previously been calculated.
Duobblon is an acid-volcanic-related uranium deposit, hosted within a locally developed, shallowly dipping suite of sedimentary and pyroclastic lithologies. Mineralization extends from three metres below surface to at least 300 m in vertical depth. The host ignimbrite sequence is approximately 60 m thick and is known over a strike length in excess of five kilometres. The richest uranium concentrations occur as several five-metre-to-25-metre-thick and 1,000-metre-long horizons within the ignimbrite.
The company plans to drill 48 holes over a strike length of 5.7 km on a grid pattern of 400 m by 100 m. The average depth of each hole is anticipated to be six metres. The aim of the program is to test for potential mineralized strike extensions along strike from the NI 43-101-compliant 8.8-million-pound inferred resource beneath the thin soil cover.
The company now anticipates the planned shallow diamond drill program within the Hotagen uranium project in Sweden will not commence before summer 2010 as final approvals have been delayed.
Michael Hudson, president and chief executive officer, states: "We are pleased to have commenced drill testing extensions of at Duobblon, which remains as Sweden's largest hardrock uranium resource. The company plans to create shareholder value in 2010 by further exploration of its diverse uranium exploration portfolio in Scandinavia and potential new acquisitions."
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