Mawson Base of till Drilling and Artificial Intelligence Driving Exploration Targeting in Finland

VANCOUVER, BC / ACCESSWIRE / November 22, 2021 / Mawson Gold Limited ("Mawson") or (the "Company") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) announces the results of New Exploration Technologies ("NEXT") advanced Artificial Intelligence ("AI") work to prioritize new targets within the extensive Rajapalot geophysical and geological databases to create maps for high prospectivity areas. The combination of AI, base of till drill results and smart geological thinking is driving development of winter drill targets at the 100% owned Rajapalot project in Finland.

Key Points:

• Prospectivity maps for Rajapalot (Figure 1) have been developed using AI over Mawson's extensive airborne and ground geophysics in addition to the lithologic and geochemical data;
• Base of till ("BOT") drill results show considerable overlap with expected high prospectivity zones at Rajapalot (Figure 1);
• Known mineralized areas were used to calibrate machine learning models that analysed regional level drill core, geophysics, geochemistry, interpreted geology and mineral system genetic models.
• Base of till is utilized as an in situ method for locating mineralization, as was so successfully demonstrated by Rupert Resources at Ikkari, discovered by following up "a single anomalous base of till sample of 0.2 ppm Au";
• New maps focus on only 18 km² surrounding the resource, where data density was high enough to define known mineralization;
• 163 km² of project area remains underexplored, with further ground magnetics and electromagnetics to add to the existing base of till drill data (Figure 2) and smart mapping capabilities;
• Direct drillable targets have been created at Rajapalot during this exercise as Mawson already holds considerable structural and rock type information;
• The AI components of the study were funded by the Horizon2020 NEXT project as part the European Union's initiatives to understand economically important metallogenic belts.

After two years of sharp focus to drill out resources, exploration has returned back to a regional scale within Mawson's 100%-owned large and strategic 183.5 km² ground holding in the Peräpohja Schist belt. The program leverages the intimate understanding of the mineral system defining the 1.04 Moz @ 3.0 g/t gold equivalent ("AuEq") 2021 Inferred Mineral Resource estimate (link) to demonstrate the camp-scale opportunity to grow resources.