Mawson Resources Ltd. said May 14 that it identified significant cobalt mineralization from the reassay of drillholes at its Rajapalot gold property in Finland.
The cobalt was discovered in association with and peripheral to gold mineralization across an area of 3 kilometers by 4 kilometers, which remains open in all directions.
Highlights include an interval of 10.8 meters at 1,299 parts per million of cobalt and 6.2 g/t of gold from 8.7 meters, and 30.8 meters at 525 ppm of cobalt and 7.1 g/t of gold from 2.5 meters.
About half of the Rajapalot drill core remains to be assayed for cobalt, the company said.
Mawson said while gold will remain the focus of exploration at Rajapalot, the identification of widespread cobalt can potentially add a significant by-product credit to the project.