VANCOUVER, March 26 /CNW/ - Mawson Resources Limited ("Mawson") TSXv -
MAW; Frankfurt - MRY. Michael Hudson, President & CEO, announces the
commencement of drilling at the Klappibacken uranium project in northwestern
Sweden. A 2,000-metre diamond drill program consisting of 12 drill holes from
eight drill sites has been planned.
Uranium mineralization at Klappibacken is hosted within a fluorite-rich
granite breccia from surface to at least 150 metres vertical depth. The
breccia is approximately 70 metres thick and has been drilled to date over a
strike length of 125 metres. Thirty-two drill holes for 3,951 metres were
completed in the early 1980s by the Swedish Government. Better drill
- 53.1m for 0.16% U(3)O(8) from 30.2m in drill hole 84701, and
- 42.7m for 0.11% U(3)O(8) from 2.8m in drilll hole 83705.
The deposit remains open along strike and at depth. A radon cap survey
was completed in 2006. Radon caps measure the abundance of radon gas in soil,
which is emitted as a daughter product during the natural decay of uranium.
The exploration target defined as a result of this survey extends over two
kilometers. This drill program will focus on extending the mineralization
along strike and testing of the semi-regional radon cap anomalies.
Further information regarding the Klappibacken project may be found at
http://www.mawsonresources.com/index.php?page=ProjectsKlap. 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.
On behalf of the Board,
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.
For further information:
For further information: Investor Information, www.mawsonresources.com,
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7; Company Contact: Mariana
Bermudez, (604) 685-9316; Investor Relation Consultants - Mining Interactive,
Nick Nicolaas (604) 657-4058, Wayne Melvin (604) 619-6327, Email: