CEO Interview: Drilling For Gold In Finland

The market has been clear in rewarding companies that have high-grade, scalable gold assets and the treasury to explore them... The market has been clear in rewarding companies that have high-grade, scalable gold assets and the treasury to explore them... Mawson Resources Chairman & CEO Michael Hudson [Outsider Club logo] CEO Interview: Drilling For Gold In Finland [Gerardo Del Real Photo] By [Gerardo Del Real]( Written Feb. 10, 2020 The market has been clear in rewarding companies that have high-grade, scalable gold assets and the treasury to explore them. Mawson Resources (TSX: MAW) (OTC: MWSNF) checks all those boxes, has approximately $5 million in the bank, has five rigs turning, is on its way to a resource estimate targeting 3 million gold ounces, and just made an entry into a massive new Fosterville-like land package in Australia. I spoke with Chairman & CEO Michael Hudson about the drilling, the multiple catalysts, and what to expect out of Mawson in 2020. To your wealth, [gerardo-sig] Gerardo Del Real Editor, [Junior Mining Monthly]( and [Junior Mining Trader]( --------------------------------------------------------------- Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the Chairman and CEO of Mawson Resources (TSX: MAW)(OTC: MWSNF), Mr. Michael Hudson. Mike, how are you reporting from the field? Michael Hudson: I am reporting from the field this morning, Gerardo. We're in Northern Victoria doing the due diligence on Mawson's new Victorian Goldfield acquisition. So we're kicking lots of rocks and making sure it all is as it seems. So far so good, but we're here to talk about our flagship today. [$1 Stock Set to Soar $8 in the Weeks Ahead]( Get the stock market’s biggest bang for your buck… Every $1 share you buy of this small mining company could make you $8. This company is in a unique position to supply an extremely rare resource. And shares are poised to soar on runaway demand from America’s biggest defense technologies — jets, submarines, aircraft carriers, and missiles. How many $1 shares will you be holding when this stock takes off? [Click here to watch my new video.]( Gerardo Del Real: We are. Two main takeaways I want to make sure that I highlight. The main headline obviously reads, “Mawson Drills the Best South Palokas Intercept: 8 Meters at 7.9 g/ton Gold.” So we'll talk about that in just a second. You announced assay results from an additional five drill holes. We know there's five rigs turning. There is something in this release that you've made a point the last couple of releases to highlight, and this is a second point I want to hammer home. You continue to highlight how predictable this system is becoming. So obviously let's talk about the 8 meters of 7.9 grams per tonne gold, the step out, where it was at, why it's important, and then let's talk about that system that is becoming more and more predictable by the day, which excites me as a shareholder because that means I should probably expect more high-grade hits. Michael Hudson: Exactly, Geraldo, in terms of the predictability. It is a very key point. And I'm going to address that first and then lead into the results, which is reverse to how you asked me to address it. But firstly, there's a lot in this release and one is we took a big step out. We took a 600-meter down-plunge step out, 400 meters from the previous resource, which was December, 2018 at a project called Palokas. We hit the mineralized structure. Now that is very key, this wasn't though one of the flashier results in the release. It was around 10 meters at 0.6 grams gold. But that was a big step out and that shows the system continues 600 meters down and of course it will go beyond that. So that showed courage and skill to be able to do that on the behalf of our technical team. So that's one key point. Second is that we are infilling updip from that hole in Palokas and South Palokas in this release and we hit what is our best hit in South Palokas. I've enjoyed some holes over the last few years, but we knew — and kudos again to our technical team — that we hadn't seen the better looking rocks. We hadn't seen the reduced rocks that we generally see the higher grades in at the other projects in the area. So every time we drill this system, it throws up better and better results and that doesn't happen very often in this business. That's what we've done here with an 80-meter step out, 8 meters grading just under 8 grams. So fantastic there and then we had some other holes. Every hole hits in this release and then we had other holes that were on the margins but will add to the resource calculation we expect, because they are outside the current resource boundaries, each and every one of them and it's onwards and upwards. We're doing, as we said we'd do, build on the existing resource base. [The “Tesla Killer” Launches 90,900% Market Surge]( I’m here, 3,000 miles from home in Long Beach, California. This industrial suburb looks nothing like Silicon Valley, but recently it’s become the epicenter of an explosive new technology. One that’s taking the $2.5 trillion electric vehicle market by storm. It charges in just minutes — not hours. It’s 100% emissions-free, costs next to nothing, and involves no fossil fuels. It NEVER dies — and can recharge forever. The only thing it emits is pure, clean water. [This is why experts call this technology the “Tesla Killer.”]( Gerardo Del Real: Let me play devil's advocate a bit, Mike. Obviously the 8 meters at 7.9 grams per tonne gold from 303 meters is the best gold intersection to date from the prospect. Can we talk about that hole 202A that you said was significant for you? The 10.1 meters of 0.6 grams per tonne gold. That was down at 771.7 meters. So the good news there is it's mineralized way down there. Me playing devil's advocate I could say — and you highlight this — it's lower grade. What did you learn from that hole that encourages you moving forward as you continue to step out and drill to depth? Michael Hudson: I'm sitting here in Victoria and of course very close to what is one of the world's highest-grade mines and most profitable mines, Fosterville. I only bring that up because there was a story that a very famous geologist and friend of mine told me when they drilled the hole. They took a big bold step out in that system a number of years ago. It was a 500-meter step out and it had just had weak alteration, but the geologists were excited. Anybody else wasn't because there was no gold there, but the geologists said this is very significant, that system continues. That hole, that big step out at Fosterville, was only 15 meters away from the Swan Zone, which is 2.5 million ounces at 60 grams. So the analogy here is that the mineralized system continues. Now we don't always hit the highest grades in the first hole. In fact, it's pretty tough but what we're really trying to do is drill for the structure. Then once we've got that structure, we can drill for the grade. And of course it would be nice if we hit grade first up in every hole but that's nirvana. So now we've got our finger where to drill it, down-plunge 600 meters. We're infilling up-plunge from sort of 200 meters to 500 meters and that's where we're going now, and it really constrains it, it bookends it for us and we'll have a much better idea down at 600 meters when we've infilled up-plunge. So it's de-risking it, it's demonstrating the system is continuing, and it's demonstrating that we've been able to hit it from a long way away. Gerardo Del Real: Well said. It's important to note that the cobalt and multi-element assays remain pending. Do you have an idea of when we'll start seeing those because they've been a significant credit to these grades and to these hits? Michael Hudson: Yeah, they add maybe 10% to 20% in-situ value, the cobalt traditionally from what we've seen before. But it's also adds continuity of the mineralized zone. We'll start to see those coming in the upcoming releases over the next few weeks. The turnaround on gold is about a week and the turnaround for multi-elements, three to four weeks. [Trump’s Up. Now What!?]( The answer is gold. It’s always been the “can’t-fail” default in times of uncertainty. I don’t have extended commentary that’ll reflect everything you’re experiencing, but what I do have is a rock-solid investment commodity that gains year after year... and especially today. We’ve been on the eve of a [historic gold spike]( for several years coming — and regardless of politics, my goal is to ensure that you and yours are safe and sound. Investing legend Mr. James Dines doesn’t do partisan, but he’ll make sure you’re gaining an advantage regardless of the circumstances. Please don’t miss out... [it’s too important to ignore](. Gerardo Del Real: Five rigs are turning as we speak. Correct, Mike? Michael Hudson: Correct. Gerardo Del Real: How is the cash position looking? Michael Hudson: It's going down daily because we're drilling lots but that's... Gerardo Del Real: That's what you raised it for. Michael Hudson: That's what we're supposed to do, that's what we raised it for, but we're somewhere between $5 and $6 million and we'll end this program with enough cash in the bank of course to see us through the year if we need to. But this is a project that's growing quickly. Gerardo Del Real: And last but not least, it's growing quickly and that cash that's being spent in the ground is of course leading up to an updated resource estimate. When do you plan on delivering that, Mike? Michael Hudson: That'll be Q3. So after the summer we hope we'll be in a position to do that and we're on track so far. Gerardo Del Real: You're cashed up, you're hitting high grade, you're hitting gold, you have some cobalt, and you have five rigs turning. It's a heck of an exploration story. Anything else that you'd like to add, Mike? Michael Hudson: And we're in the shadow of the headframe of a new project that I'm just doing the due diligence on. So it's a busy time in Mawson. Gerardo Del Real: In the world's hottest land. It's a good position to be in. Mike, thanks so much. Michael Hudson: Thanks, Gerardo. --------------------------------------------------------------- For the past decade, Gerardo Del Real has worked behind the scenes providing research, due diligence, and advice to large institutional players, fund managers, newsletter writers, and some of the most active high-net-worth investors in the resource space. Now, he is bringing his extensive experience to the public through [Outsider Club](, [Junior Mining Monthly](, and [Junior Mining Trader](. For more about Gerardo, check out his [editor page](. *Follow Outsider Club on [Facebook]( and [Twitter](. Enjoy reading this article? [Click here]( to like it and receive similar articles to read! 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