A new Canadian player is entering the North West Mineral Province exploration game.
Vancouver-based Mawson Resources' main focus is on gold in Finland and Victoria but now they will do deep drilling for silver, copper and gold near the silver-lead Cannington mine.
Mawson were one of 24 companies to receive Queensland State Government support for exploration focused on new economy minerals in the region getting $200,000 under the Collaborative Exploration Initiative.
Their North West Queensland block is over 483 sq km of granted exploration licences for a combined 60km of strike, and is surrounded by South32's Cannington and Sandfire Resources Ltd.
At its prime in the early 2000s Cannington was the world's largest single silver producer, and represented about 6% of the world's primary silver production.
Mawson will look for Cannington style silver-zinc and iron-oxide copper-gold.
The Queensland grant will fund a single wildcat drill hole to test a coherent and large multi-point residual 1.5 mgal gravity undrilled anomaly with an offset magnetic high.
Mawson chair and CEO Michael Hudson said the Queensland government had funded them to drill their best target in the Mount Isa area, 50 km south-southeast of Cannington mine.
"This provides a tremendous opportunity in true 'elephant' country," Mr Hudson said.
"Shareholders can now anticipate results from drill programs from three prospective global precious-metal terrains during the remainder of the year."
This is Mawson's second government grant.
In 2019, Mawson got co-funding to complete a 936 station, 1km spaced ground gravity survey and a 4750 line-km, 200 metre line-spaced aeromagnetic survey across an 80km long target area in the Mount Isa region.
That work led to a number of gravity/magnetic targets which included the definition of the first priority target for this latest grant.
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