UPDATE – KAPULO PROJECT Highlights: • Safari North intercepts – 16m @ 2.9% Copper • Mineralisation remains open along strike and at depth at Katanga and Safari N • The Company’s exploration program remains on track with two rigs on site and continuing to drill through the wet season • Several high-order geochemical anomalies along Kapulo fault Australian diversified minerals exploration company Mawson West (ASX: MWE) (“Mawson West” or “the company”) is currently drilling at the Katanga and Safari North copper prospects within the Kapulo Joint venture area with Anvil Mining. The high-grade Kapulo copper deposits are located 130km north-east of Anvil Mining’s operating high-grade copper/silver Dikulushi mine. Mawson West is earning 65% by spending US$4M over four years. Drilling Update – Kapulo Project Katanga Drilling has continued at this prospect with 21 holes completed to date. Definition drilling of the mineralisation is ongoing with several visually well mineralised holes recently completed – results expected in the coming month. Mineralisation remains open along strike and at depth. CORPORATE DETAILS ASX Code: MWE CONTACT DETAILS [email protected] www.mawsonwest.com.au ASX RELEASE Safari North Nine holes have been completed to date; results recently received include holes 07SNDH003 and 008. As with Katanga, the orebody appears to have a southward plunge component which will be evaluated with the current drilling programme. The extent of mineralisation has not yet been determined by drilling and the orebody remains open at depth and along strike. Diamond Drill Hole Intercepts – Safari North Mineralised intervals HOLE ID COORD* DIP/AZIM INTERVAL (m) WIDTH (m) GRADE (%Cu) Infill/ Exten 07SNDH003 07SNDH008 746418E/9079100N 746435E/9079050N -90O/- -75O/090O 82-99 Incl. 86-92 33-49 17 6 16 1.49 3.80 2.93 E E E *WGS84 Zone 35S Regional Geochemistry Results from the geochemical programme covering the Kapulo fault system, which hosts the Kapulo copper deposits, have returned several high-order anomalies. Further infill sampling is underway to aid drill targeting.
MWE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held