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Mawson Resources Ltd.

Mawson Granted Permission to Drill at Klappibacken

Vancouver, Canada (ots/PRNewswire)

Mawson Resources Limited
("Mawson") TSXv - MAW; Frankfurt - MRY. Michael Hudson, President &
CEO, reports that on Friday, October 5, the Company received final
permission from Swedish Authorities to allow further drilling at the
Klappibacken uranium project. Two diamond drill rigs will mobilize to
site within the next two to three weeks, to complete an initial 4,000
metre drill program.
Significant high-grade and near-surface uranium mineralization was
intersected during Mawson's previous drill campaign announced on June
25, 2007. The results indicated the strength of the Klappibacken
uranium mineralized system and the potential for a major uranium
deposit at Klappibacken.
    Best results, calculated with a lower cut-off of 200 ppm U3O8, included:
    KLADD0703 : 56 metres at 0.10% U3O8 from 20 metres;
                including 5 metres for 0.24% U3O8 from 25 metres, and
                including 24.7 metres for 0.12% U3O8 from 46.3 metres;
    KLADD0702 : 23.1 metres at 0.12% U3O8 from 18.6 metres; and
                8.6 metres at 0.10% U3O8 from 51.5 metres;
Klappibacken is an intrusive-related uranium deposit, hosted by a
brecciated or cataclastic granite which is strongly enriched in
fluorite. Uranium mineralization is present within a single lense,
generally greater than 30 metres in width and locally up to 50 metres
wide. Historical drilling at Klappibacken has shown that
mineralization extends to greater than 150 metres below the surface,
at least 120 metres along strike, and remains open in all directions.
A radon cap survey was completed by Mawson at Klappibacken in 2006
and extended in 2007, to measure the abundance of radon gas in the
one metre thick soil that masks bedrock in the prospect area. Radon
gas is emitted as a daughter product during the natural decay of
uranium. This program identified numerous nearby exploration targets
up to two kilometers along strike from Klappibacken. These targets
include areas with a stronger radon gas signature than those
associated with the known mineralization. The radon cap targets shall
be drill tested early in the upcoming drill program.
Mr Hudson states, "We are pleased that all permits are now in
place that the Company can now continue to explore the prospective
Klappibacken uranium project. Our team of four geologists and eight
field assistants were active over summer collecting new field
information from the Hotagen (Klappibacken, Tresjöarna and
Stensjödalen) area. Two drill rigs will now mobilize in the next few
weeks to follow up this work and the encouraging previous drill
results obtained by the Company in early summer."
The qualified person for the Klappibacken project, Mark Saxon,
Director and Vice-President of Exploration for Mawson, and a member
of the Australasian Institute of Mining and Metallurgy, has reviewed
and verified the contents of this release.
About the Company: Mawson Resources holds significant uranium
resources in the nuclear energy reliant countries of Spain, Sweden
and Finland. As the European Union reduces its reliance on
carbon-based energy sources, Mawson is well placed as the Company
develops its exploration portfolio towards the sustainable production
of uranium in the shortest possible time frame.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, President & CEO
Forward-Looking Statement. This news release contains certain
"forward-looking" statements and information relating to the Company
that are based on the beliefs of the Company's management as well as
assumptions made by and information currently available to the
Company's management. Such statements reflect the current risks,
uncertainties and assumptions related to certain factors including,
without limitations, competitive factors, general economic
conditions, customer relations, relationships with vendors and
strategic partners, the interest rate environment, governmental
regulation and supervision, seasonality, technological change,
changes in industry practices, and one-time events. Should any one or
more of these risks or uncertainties materialize, or should any
underlying assumptions prove incorrect, actual results may vary
materially from those described herein. Neither the TSX Venture
Exchange nor the Frankfurt Deutsche Borse have reviewed the
information contained herein and, therefore, do not accept
responsibility for the adequacy or accuracy of this news release.
http://www.mawsonresources.com

Contact:

For further information: Investor Information, 1305 - 1090 West
Georgia St., Vancouver, BC, V6E 3V7, Company Contact: Mariana
Bermudez, +1-604-685-9316; Investor Relations Consultants - Mining
Interactive, Nick Nicolaas, +1-604-657-4058; Wayne Melvin,
+1-604-619-6327, Email: info@mawsonresources.com

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  • 25.06.2007 – 15:11

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