Mawson Gold say they are encouraged by drilling results from their Mount Isa fields.
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Mawson used a $200,000 government exploration grant to start exploring in the region in October 2020.
The money was used to fully fund one 800m long drill hole to test a large undrilled gravity anomaly, called the F11 target, 50 kilometres south of Cannington mine.
Earlier this month the Canadian-based company announced the return of assays from the drilling of the F11 target.
Nine of 20 samples below 750 metres ranged between 61 ppm and 8,660 ppm and averaged 1202 ppm copper while samples from a 43 metre wide zone of brittle faults, fractures and cataclastic zones were weakly anomalous in base and precious metals and will be the subject of further investigation in 2021
Mawson Gold chair and CEO Michael Hudson said anomalous copper was always encouraging, and the results of this drill hole reinforced the strong prospectivity of the Eastern Succession in the Mount Isa Block.
"This is the only drill hole, to be ever drilled into basement rocks within a 10 kilometre radius," Mr Hudson said.
"Mawson will further examine the drilling results, in particular the lower 100 metres of the drill core, and work it back into our newly collected (2019) gravity and magnetic datasets to develop further targets."
Mawson has increased its mineral tenure by 65% and applied for an additional 312 square kilometres of exploration permits for a total of 785 square kilometres of granted exploration licences and applications in the Cloncurry district, over a combined 60 kilometres of strike.
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