mawson announcement

Mawson Gold Limited (“Mawson” or the “Company”) (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces further high-grade gold mineralization from a step out from the most easterly extensions of Apollo at the Sunday Creek Project in Victoria.Sunday Creek is 100% owned by Southern Cross Gold (“SXG”), which is an ASX listed company owned 51% by Mawson.Ivan Fairhall, Mawson CEO, states: “Sunday Creek continues to grow, this time in the eastern extent and demonstrates continuity of the high grade structures typical of the project. The quality shines through strongly again, with grades up to 73.2 g/t Au and 13.8% Sb, and widths including 11.6 m @ 6.4 g/t Au and 0.7 % Sb within three individual mineralized structures in hole 52.”Mawson owns 51% of SXG following SXG’s recent A$16.0 million capital raise. Mawson’s 93.75 million SXG shares have a market value of A$68 million (C$62 million) based on SXG’s closing price on January 20, 2022.