Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX:
MND, OTCQB: MNDJF) is pleased to provide an update on the eastern
extension drilling programs at its Björkdal operation in Sweden.
New Drilling Highlights:
Central Zone Extension Infill
- 47.7 g/t gold over 11.7 m (Estimated True
Width “ETW” 5.85 m) in MU21-052:
- Including 1,056.0 g/t over 0.40 m;
- 47.5 g/t gold over 6.4 m (ETW 4.11 m) in
MU21-047:
- Including 716.0 g/t over 0.31 m; and
- 507.0 g/t gold over 0.45 m (ETW 0.23 m) in
MU21-051.
Central Zone Extension Testing
- 45.5 g/t gold over 2.3 m (ETW 1.15 m) in
MU21-028;
- 83.1 g/t gold over 0.4 m (ETW 0.39 m) in
MU21-029;
- 8.4 g/t gold over 5.7 m (ETW 5.35 m) in
MU21-030; and
- 5.1 g/t gold over 8.0 m (ETW 6.13 m) in
MU21-031.
Central Zone – Lake Zone
Link
- 13.2 g/t gold over 1.0 m (ETW 0.94 m) in
MU21-028; and
- 19.3 g/t gold over 0.4 m (ETW 0.35 m) in
MU21-029.
Note: Further intercept details including
significant intercepts within composite intervals can be found in
Table 1 in the Appendix to this document.
Dominic Duffy, President and CEO of Mandalay,
commented:
“Following the success of the Main and Lake zone
extension programs (press released June 29, 2021), Mandalay
diverted focus to this high potential area. These recent drilling
programs have supported the initial finding with some of the best
grades seen at Björkdal. Predominantly, the intercepts are
interpreted to be direct extensions of the Main and Central zone
veining, however, the grades recovered from the Central Extension
drilling show a distinct upgrading down plunge.
“The increasing grades within the extensions of
the Björkdal deposit at depth to the east mark a significant
development in the multifaceted efforts to lift ore grades produced
from the mine and will be a major focus of our production in the
years to come. The Main, Lake and Central zones are all open to the
north-east and those drilling results are showing higher grades the
deeper and further to the east we drill. This is very exciting, and
this drilling will continue to be one the primary exploration
focuses over the course of 2022.
“As a result of these excellent results, a
mining concession application has already been submitted to the
relevant authorities in order to extend the mining license holdings
to cover this eastward extension of veining.
“Lastly, a video has been prepared by Chris
Davis, Vice President of Operational Geology and Exploration, to
further explain the information in this release. The video can be
found on Mandalay’s website or by clicking here.”
Continued Success Along the Eastern
Extension
Since the success of the Lake and Main Zone
extension projects, Mandalay has drilled a further 17 holes and
7,253 m into the eastern extension of the Björkdal veining in three
programs. These are the Central Zone Extension, Central Zone
Conversion and Central to Lake Zone Link drilling programs (See
Figure 1). Currently, these results have been connected to the
continuation of 21 existing veins and 16 new veins have been
discovered. Significant grade also sits outside of currently
modelled veining and it is expected that additional drilling will
improve confidence in structural connections leading to further
vein definition. So far, and to varying degrees, the veining has
been extended up to 350 m from current workings.
Figure 1. Perspective view of the Björkdal Mine
looking towards the SSW highlighting the interaction of the veining
(Red), Marble (Blue) and Björkdal fault (Yellow). Drilling of the
latest Central Zone extension programs is also
shown:https://www.globenewswire.com/NewsRoom/AttachmentNg/033c507a-eab3-4f41-b42a-1f8245e8806c
Central Zone Extension
Central Zone abuts the northern boundary of Main
Zone. Historically, the Central Zone delivered comparatively lower
gold grades, however, the Main Zone extension drilling campaign
undertaken in early 2021 produced significant grades along veining
interpreted to be part of the Central Zone. These results, along
with further advancement in the understanding of the mineral system
(see below), led to the Central Zone Extension and subsequent
Central Zone Infill programs undertaken during the second half of
2021.
Whilst there are many significant intercepts,
the original testing program produced several extraordinary results
including 8.4 g/t gold over a true width of 5.35 m. This veining
was again intercepted approximately 80 m to the west with an
intercept of 5.1 g/t gold over a true width of 6.13 m. Other
notable intercepts include 83.1 g/t gold over a true width of 0.39
m and 45.6 g/t gold over a true width of 1.15 m (Figure 2).
Figure 2. Plan section of the Central Zone
Extension Testing drilling with the Central Zone Conversion
drilling shown faded. Intercepts above 0.5 g/t Au when diluted to 1
m are denoted by dots. Drillholes are annotated with composites
over 2 g/t when diluted to 1
m:https://www.globenewswire.com/NewsRoom/AttachmentNg/ad48ecb7-3d9b-4976-aa76-06b52e9a8f63
Further drilling was undertaken after the
successful completion of the Central Zone Extension Testing
project, with the intent of further defining the veining in order
to estimate Mineral Resources. This drilling produced three of the
best intercepts found at Björkdal. An intercept of 47.5 g/t gold
over a true width of 4.11 m was recovered including a 716.0 g/t
vein with a true width of 0.31 m. This was accompanied by a
separate intercept of 507.0 g/t gold over a true width of 0.23 m.
In the most recent hole (MU21-052) this veining was again
intercepted to the east with a composite grade of 47.7 g/t gold
over a true width of 5.85 m. This extraordinary intercept included
a vein grading 1,059.0 g/t gold over a true width of 0.23 m.
Figure 3. Plan section of the Central Zone
Infill drilling with the Central Zone Extension Testing drilling
shown faded. Intercepts above 0.5 g/t Au when diluted to 1 m are
denoted by dots. Drillholes are annotated with composites over 2
g/t when diluted to 1
m:https://www.globenewswire.com/NewsRoom/AttachmentNg/df5be68f-6e21-4b60-97da-1c73b3287348
Visible gold is common within the quartz veining
of the project area and is generally accompanied by significant
gold grades when assayed. The below images (Figures 4, 5, and 6)
are of the three highest grade results in the drilling thus
far.
Figure 4. Photograph of core containing gold
within MU21-050 (357.25 – 357.65 m – ETW 0.31m @ 716 g/t
Au):https://www.globenewswire.com/NewsRoom/AttachmentNg/1c8fdfc6-32ae-46bb-a75f-b1f408444084
Figure 5. Photograph of core containing gold
within MU21-051 (60.7 – 61.15 m – ETW 0.23m @ 507 g/t
Au):https://www.globenewswire.com/NewsRoom/AttachmentNg/03dc303a-b337-467a-8d04-4e2b354035f1
Figure 6. Photograph of a significant intercept
within MU21-052 (66.3.7 – 78.0 m – ETW 5.85m @ 47.7 g/t
Au):https://www.globenewswire.com/NewsRoom/AttachmentNg/72c41597-234c-4201-908c-741c761e9355
Central Zone - Lake Zone Link
Late in 2021, it became apparent that a gap of
highly prospective ground was underexplored between Lake and
Central Zones at depth. Owing to the growing excitement around the
area, drilling of the Lake Zone link began in Q4 2021 and is
ongoing, however, the initial four holes have intercepted veining
extensions of significant endowment, which warrants follow-up
drilling. 13.2 g/t gold over a true width of 0.94 m was intercepted
in MU21-028 along with 19.3 g/t gold over a true width of 0.35 m in
MU21-029.
Figure 7. Plan section of the Central Zone –
Lake Zone Link Drilling. Intercepts above 0.5 g/t Au when diluted
to 1 m are denoted by dots. Drillholes are annotated with
composites over 2.0 g/t Au when diluted to 1
m:https://www.globenewswire.com/NewsRoom/AttachmentNg/827dfeb4-d8bd-4665-a4da-54b8610e1ba0
Understanding the Upgrading Potential of the Eastward
Extension
System analysis of the Björkdal deposit
highlights the major faults, such as the Björkdal and Rand faults,
encompass the conduit system that brings mineralizing fluids into
the deposit. These mineralizing fluids are buffered both chemically
and structurally by the marble horizon that overlays most of the
Björkdal Deposit. A notable exception is Aurora where the marble
horizon dips and is cut across by the Björkdal Fault. In this area
mineralization is able to transcend the marble horizon and
concentrate above leading to a more diffuse endowment of gold.
Conversely to the east of Björkdal the marble
horizon is interpreted to be undisrupted by the Björkdal Fault
which persists below the marble. In this setting the concentration
zone sits below the marble and is enhanced by the relative low
permeability of the marble. It follows that this environment of
trapped gold rich fluids is conducive to production of larger gold
grains as evidenced by the presence of numerous and significant
gold sightings and accompanying grades.
Figure 8. East-West cross-section of area
showing the divergence of Marble and Björkdal
Shear:https://www.globenewswire.com/NewsRoom/AttachmentNg/3bc239ff-ed3b-48c0-8abd-a298744371af
Drilling and development of this exciting area
will be ongoing though 2022 however, with enhanced exploration
budgeting, this target will no longer detain resources from the
other significant projects targeting north of Aurora, Skarn
horizons and multiple strong regional prospects.
Drilling and Assaying
At Björkdal, all diamond drill core was logged
and sampled by Björkdal geologists. Exploration drill hole samples
were sent to CRS Laboratories Oy (“CRS”) in Kempele, Finland for
sample preparation and assaying.
Assaying was conducted utilizing the Pal1000
cyanide leaching processes. Mandalay’s rigorous QA/QC program
included the use of standard reference samples, blanks, duplicates,
repeats, and internal laboratory quality assurance procedures. (see
March 30, 2021, Technical Report entitled “Technical Report on the
Björkdal Gold Mine, Sweden”, available on SEDAR (www.sedar.com),
which contains a complete description of drilling, sampling, and
assaying procedures).
Qualified Person:
Chris Davis, Vice President of Operational
Geology and Exploration at Mandalay Resources, is a Chartered
Professional of the Australasian Institute of Mining and Metallurgy
(MAusIMM CP(Geo)), as well as a Member of the Australian Institute
of Geoscientists (MAIG) and a Qualified Person as defined by NI
43-101. He has reviewed and approved the technical and scientific
information provided in this release.
For Further Information
Dominic DuffyPresident and Chief Executive Officer
Edison NguyenManager, Analytics and Investor Relations
Contact:647.260.1566
About Mandalay Resources Corporation
Mandalay Resources is a Canadian-based natural
resource company with producing assets in Australia (Costerfield
gold-antimony mine) and Sweden (Björkdal gold mine), with projects
in Chile and Canada under closure or development status. The
Company is focused on growing its production and reducing costs to
generate significant positive cashflow. Mandalay is committed to
operating safely and in an environmentally responsible manner,
while developing a high level of community and employee
engagement.
Mandalay’s mission is to create shareholder
value through the profitable operation and continuing the regional
exploration program, at both its Costerfield and Björkdal mines.
Currently, the Company’s main objective is to continue mining the
high-grade Youle vein at Costerfield, bring online the deeper
Shepherd veins, both of which will continue to supply high-grade
ore to the processing plant, and to extend Youle Mineral Reserves.
At Björkdal, the Company will aim to increase production from the
Aurora zone and other higher-grade areas in the coming years, in
order to maximize profit margins from the mine.
Forward-Looking Statements:
This news release contains "forward-looking
statements" within the meaning of applicable securities laws,
including statements regarding the exploration and development
potential of the exploration results disclosed. Readers are
cautioned not to place undue reliance on forward-looking
statements. Actual results and developments may differ materially
from those contemplated by these statements depending on, among
other things, changes in commodity prices and general market and
economic conditions. The factors identified above are not intended
to represent a complete list of the factors that could affect
Mandalay. A description of additional risks that could result in
actual results and developments differing from those contemplated
by forward-looking statements in this news release can be found
under the heading “Risk Factors” in Mandalay’s annual information
form dated March 31, 2021, a copy of which is available under
Mandalay’s profile at www.sedar.com. In addition, there can be no
assurance that any inferred resources that are discovered as a
result of additional drilling will ever be upgraded to proven or
probable reserves. Although Mandalay has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements.
Appendix
Table 1. Table of Significant Intercepts
DRILL HOLE ID |
FROM(M) |
TO(M) |
INTERVAL(M) |
ESTIMATEDTRUE WIDTH(M) |
AU GRADE(G/T) |
AU (G/T) OVER MIN. 1M WIDTH |
MU21-025 |
120.90 |
121.85 |
0.95 |
0.43 |
2.7 |
1.2 |
MU21-025 |
239.45 |
240.30 |
0.85 |
0.49 |
1.8 |
0.9 |
MU21-025 |
273.20 |
273.50 |
0.30 |
0.13 |
4.3 |
0.6 |
MU21-025 |
299.65 |
300.05 |
0.40 |
0.20 |
15.7 |
3.1 |
MU21-025 |
302.40 |
304.45 |
2.05 |
0.93 |
1.3 |
1.2 |
MU21-025 |
330.65 |
334.60 |
3.95 |
1.73 |
2.8 |
2.8 |
MU21-025 |
371.10 |
371.55 |
0.45 |
0.29 |
2.2 |
0.6 |
MU21-025 |
423.30 |
424.25 |
0.95 |
0.40 |
5.7 |
2.3 |
MU21-026 |
34.35 |
34.65 |
0.30 |
0.19 |
72.3 |
13.7 |
MU21-026 |
39.90 |
40.30 |
0.40 |
0.26 |
3.2 |
0.8 |
MU21-026 |
49.85 |
50.20 |
0.35 |
0.34 |
6.3 |
2.1 |
MU21-026 |
74.70 |
75.00 |
0.30 |
0.23 |
7.4 |
1.7 |
MU21-026 |
93.85 |
95.60 |
1.75 |
1.24 |
7.9 |
7.9 |
MU21-026 |
102.70 |
103.40 |
0.70 |
0.61 |
13.6 |
8.3 |
MU21-026 |
119.40 |
120.25 |
0.85 |
0.22 |
3.8 |
0.8 |
MU21-026 |
128.55 |
128.90 |
0.35 |
0.27 |
14.8 |
4.0 |
MU21-026 |
163.00 |
164.00 |
1.00 |
0.34 |
3.8 |
1.3 |
MU21-026 |
193.20 |
193.95 |
0.75 |
0.53 |
2.5 |
1.3 |
MU21-026 |
198.60 |
198.90 |
0.30 |
0.25 |
6.2 |
1.6 |
MU21-026 |
370.35 |
371.10 |
0.75 |
0.65 |
21.9 |
14.3 |
MU21-026 |
379.35 |
379.75 |
0.40 |
0.35 |
4.5 |
1.6 |
MU21-027 |
43.20 |
44.20 |
1.00 |
0.77 |
9.8 |
7.6 |
MU21-027 |
134.40 |
135.00 |
0.60 |
0.30 |
6.3 |
1.9 |
MU21-027 |
143.60 |
144.00 |
0.40 |
0.35 |
5.4 |
1.9 |
MU21-027 |
151.00 |
159.00 |
8.00 |
5.14 |
4.6 |
4.6 |
MU21-027 |
302.70 |
303.20 |
0.50 |
0.38 |
21.1 |
8.0 |
MU21-027 |
306.70 |
307.00 |
0.30 |
0.30 |
9.8 |
3.0 |
MU21-027 |
315.10 |
315.70 |
0.60 |
0.46 |
2.4 |
1.1 |
MU21-028 |
23.55 |
23.95 |
0.40 |
0.31 |
2.8 |
0.9 |
MU21-028 |
128.40 |
129.30 |
0.90 |
0.64 |
8.3 |
5.3 |
MU21-028 |
148.30 |
148.65 |
0.35 |
0.29 |
3.2 |
0.9 |
MU21-028 |
172.70 |
173.05 |
0.35 |
0.25 |
2.3 |
0.6 |
MU21-028 |
180.05 |
182.35 |
2.30 |
1.15 |
45.6 |
45.6 |
MU21-028 |
184.95 |
185.25 |
0.30 |
0.21 |
3.1 |
0.7 |
MU21-028 |
345.60 |
346.00 |
0.40 |
0.20 |
3.3 |
0.7 |
MU21-028 |
367.60 |
367.95 |
0.35 |
0.25 |
2.1 |
0.5 |
MU21-029 |
98.35 |
98.80 |
0.45 |
0.23 |
21.2 |
4.9 |
MU21-029 |
115.20 |
115.50 |
0.30 |
0.17 |
9.2 |
1.6 |
MU21-029 |
261.60 |
262.20 |
0.60 |
0.59 |
6.6 |
3.9 |
MU21-029 |
283.80 |
284.20 |
0.40 |
0.35 |
4.7 |
1.6 |
MU21-029 |
303.60 |
304.00 |
0.40 |
0.35 |
8.5 |
3.0 |
MU21-029 |
413.20 |
414.20 |
1.00 |
0.87 |
2.7 |
2.4 |
MU21-029 |
417.90 |
418.30 |
0.40 |
0.39 |
83.1 |
32.4 |
MU21-030 |
57.00 |
58.00 |
1.00 |
0.98 |
0.8 |
0.8 |
MU21-030 |
132.00 |
132.30 |
0.30 |
0.17 |
13.2 |
2.2 |
MU21-030 |
205.20 |
207.20 |
2.00 |
0.52 |
10.6 |
5.5 |
MU21-030 |
254.00 |
254.50 |
0.50 |
0.32 |
2.8 |
0.9 |
MU21-030 |
257.10 |
257.50 |
0.40 |
0.31 |
21.7 |
6.7 |
MU21-030 |
263.00 |
263.50 |
0.50 |
0.43 |
19.4 |
8.3 |
MU21-030 |
277.00 |
277.45 |
0.45 |
0.39 |
51.2 |
20.0 |
MU21-030 |
287.50 |
288.50 |
1.00 |
0.91 |
14.5 |
13.2 |
MU21-030 |
313.40 |
319.10 |
5.70 |
5.35 |
8.4 |
8.4 |
MU21-030 |
331.60 |
332.00 |
0.40 |
0.38 |
6.1 |
2.3 |
MU21-030 |
339.00 |
339.50 |
0.50 |
0.38 |
1.4 |
0.5 |
MU21-030 |
394.00 |
395.00 |
1.00 |
0.77 |
5.1 |
3.9 |
MU21-030 |
461.50 |
462.00 |
0.50 |
0.43 |
2.0 |
0.8 |
MU21-030 |
469.30 |
469.80 |
0.50 |
0.32 |
14.4 |
4.6 |
MU21-031 |
76.30 |
78.00 |
1.70 |
1.67 |
2.3 |
2.3 |
MU21-031 |
118.75 |
119.30 |
0.55 |
0.23 |
8.7 |
2.0 |
MU21-031 |
178.70 |
179.70 |
1.00 |
0.42 |
2.3 |
0.9 |
MU21-031 |
213.40 |
213.70 |
0.30 |
0.23 |
4.4 |
1.0 |
MU21-031 |
286.60 |
287.60 |
1.00 |
0.42 |
9.3 |
3.9 |
MU21-031 |
301.90 |
302.40 |
0.50 |
0.32 |
2.1 |
0.7 |
MU21-031 |
305.00 |
306.00 |
1.00 |
0.42 |
1.8 |
0.7 |
MU21-031 |
342.20 |
350.20 |
8.00 |
6.13 |
5.1 |
5.1 |
MU21-031 |
408.00 |
409.00 |
1.00 |
0.42 |
1.6 |
0.7 |
MU21-031 |
460.50 |
461.00 |
0.50 |
0.47 |
5.9 |
2.8 |
MU21-031 |
491.00 |
491.30 |
0.30 |
0.23 |
3.5 |
0.8 |
MU21-046 |
15.50 |
15.80 |
0.30 |
0.28 |
3.2 |
0.9 |
MU21-046 |
30.30 |
30.60 |
0.30 |
0.23 |
9.7 |
2.2 |
MU21-046 |
57.45 |
61.15 |
3.70 |
3.12 |
7.2 |
7.2 |
MU21-046 |
72.05 |
72.35 |
0.30 |
0.27 |
2.0 |
0.5 |
MU21-046 |
95.20 |
95.70 |
0.50 |
0.17 |
6.2 |
1.1 |
MU21-046 |
194.80 |
195.40 |
0.60 |
0.52 |
14.9 |
7.7 |
MU21-046 |
209.95 |
210.30 |
0.35 |
0.25 |
5.5 |
1.4 |
MU21-046 |
257.25 |
257.75 |
0.50 |
0.45 |
1.9 |
0.9 |
MU21-046 |
294.30 |
294.95 |
0.65 |
0.63 |
1.9 |
1.2 |
MU21-047 |
9.85 |
10.40 |
0.55 |
0.32 |
5.1 |
1.6 |
MU21-047 |
36.00 |
36.35 |
0.35 |
0.12 |
14.2 |
1.7 |
MU21-047 |
47.65 |
48.10 |
0.45 |
0.29 |
2.1 |
0.6 |
MU21-047 |
66.65 |
67.05 |
0.40 |
0.36 |
41.1 |
14.8 |
MU21-047 |
87.00 |
92.60 |
5.60 |
3.21 |
9.1 |
9.1 |
MU21-047 |
95.80 |
96.25 |
0.45 |
0.26 |
8.5 |
2.2 |
MU21-047 |
136.30 |
137.05 |
0.75 |
0.19 |
20.1 |
3.8 |
MU21-047 |
164.60 |
164.90 |
0.30 |
0.21 |
37.1 |
7.8 |
MU21-047 |
209.40 |
210.25 |
0.85 |
0.74 |
74.4 |
55.1 |
MU21-047 |
215.00 |
215.90 |
0.90 |
0.31 |
2.6 |
0.8 |
MU21-047 |
264.20 |
264.55 |
0.35 |
0.29 |
9.7 |
2.8 |
MU21-048 |
71.50 |
72.25 |
0.75 |
0.57 |
11.4 |
6.5 |
MU21-048 |
102.75 |
103.10 |
0.35 |
0.22 |
6.1 |
1.3 |
MU21-048 |
119.30 |
120.15 |
0.85 |
0.65 |
4.6 |
3.0 |
MU21-048 |
144.25 |
144.60 |
0.35 |
0.22 |
4.7 |
1.0 |
MU21-048 |
177.00 |
180.40 |
3.40 |
2.60 |
2.7 |
2.7 |
MU21-048 |
269.20 |
269.70 |
0.50 |
0.32 |
2.8 |
0.9 |
MU21-048 |
273.00 |
273.85 |
0.85 |
0.43 |
2.7 |
1.1 |
MU21-048 |
285.95 |
287.00 |
1.05 |
0.48 |
1.5 |
0.7 |
MU21-048 |
290.90 |
292.55 |
1.65 |
0.29 |
4.6 |
1.3 |
MU21-048 |
300.15 |
300.90 |
0.75 |
0.45 |
2.4 |
1.1 |
MU21-048 |
336.60 |
337.80 |
1.20 |
0.31 |
1.6 |
0.5 |
MU21-048 |
364.80 |
365.90 |
1.10 |
0.28 |
1.8 |
0.5 |
MU21-050 |
15.75 |
16.15 |
0.40 |
0.31 |
1.8 |
0.6 |
MU21-050 |
57.00 |
57.50 |
0.50 |
0.35 |
1.7 |
0.6 |
MU21-050 |
63.70 |
65.30 |
1.60 |
0.74 |
9.7 |
7.1 |
MU21-050 |
167.80 |
168.40 |
0.60 |
0.34 |
123.0 |
41.8 |
MU21-050 |
201.95 |
202.55 |
0.60 |
0.34 |
12.3 |
4.2 |
MU21-050 |
235.60 |
236.00 |
0.40 |
0.20 |
21.2 |
4.2 |
MU21-050 |
241.75 |
245.40 |
3.65 |
2.09 |
19.9 |
19.9 |
MU21-050 |
253.40 |
254.60 |
1.20 |
0.70 |
1.4 |
1.0 |
MU21-050 |
300.30 |
303.75 |
3.45 |
2.01 |
1.5 |
1.5 |
MU21-050 |
334.10 |
334.55 |
0.45 |
0.29 |
2.1 |
0.6 |
MU21-050 |
357.25 |
363.65 |
6.40 |
4.11 |
47.5 |
47.5 |
INCLUDING |
357.25 |
357.65 |
0.40 |
0.31 |
716.0 |
222.0 |
MU21-050 |
386.95 |
387.35 |
0.40 |
0.28 |
16.5 |
4.6 |
MU21-050 |
390.20 |
390.50 |
0.30 |
0.26 |
5.3 |
1.4 |
MU21-051 |
60.70 |
61.15 |
0.45 |
0.12 |
507.0 |
60.8 |
MU21-051 |
69.25 |
69.55 |
0.30 |
0.19 |
11.0 |
2.1 |
MU21-051 |
79.75 |
80.60 |
0.85 |
0.29 |
2.0 |
0.6 |
MU21-051 |
134.80 |
135.40 |
0.60 |
0.21 |
14.3 |
3.0 |
MU21-051 |
248.70 |
249.60 |
0.90 |
0.23 |
30.7 |
7.1 |
MU21-051 |
260.90 |
276.80 |
15.90 |
12.18 |
1.7 |
1.7 |
MU21-051 |
287.60 |
288.70 |
1.10 |
0.46 |
4.6 |
2.1 |
MU21-051 |
304.60 |
304.95 |
0.35 |
0.34 |
1.5 |
0.5 |
MU21-051 |
324.25 |
324.55 |
0.30 |
0.15 |
15.8 |
2.4 |
MU21-051 |
330.70 |
331.15 |
0.45 |
0.32 |
23.8 |
7.6 |
MU21-051 |
355.60 |
356.70 |
1.10 |
0.46 |
2.6 |
1.2 |
MU21-052 |
66.30 |
78.00 |
11.70 |
5.85 |
47.7 |
47.7 |
INCLUDING |
68.55 |
69.00 |
0.45 |
0.23 |
1059.0 |
238.3 |
MU21-053 |
116.90 |
117.20 |
0.30 |
0.28 |
7.1 |
2.0 |
MU21-053 |
197.50 |
198.00 |
0.50 |
0.43 |
3.5 |
1.5 |
MU21-053 |
203.10 |
203.50 |
0.40 |
0.31 |
2.9 |
0.9 |
MU21-053 |
316.20 |
316.50 |
0.30 |
0.26 |
4.2 |
1.1 |
MU21-053 |
339.40 |
340.00 |
0.60 |
0.52 |
10.4 |
5.4 |
MU21-053 |
345.60 |
346.00 |
0.40 |
0.38 |
7.6 |
2.9 |
MU21-053 |
389.70 |
390.10 |
0.40 |
0.35 |
19.3 |
6.8 |
MU21-054 |
72.00 |
73.00 |
1.00 |
0.75 |
2.7 |
2.0 |
MU21-054 |
77.00 |
78.00 |
1.00 |
0.75 |
1.2 |
0.9 |
MU21-054 |
84.70 |
85.20 |
0.50 |
0.38 |
7.0 |
2.6 |
MU21-054 |
89.00 |
90.00 |
1.00 |
0.75 |
2.4 |
1.8 |
MU21-054 |
98.50 |
99.00 |
0.50 |
0.38 |
2.9 |
1.1 |
MU21-054 |
168.60 |
169.00 |
0.40 |
0.39 |
5.8 |
2.3 |
MU21-054 |
202.00 |
203.00 |
1.00 |
0.75 |
0.9 |
0.7 |
MU21-054 |
208.40 |
208.90 |
0.50 |
0.32 |
6.1 |
2.0 |
MU21-054 |
335.40 |
336.40 |
1.00 |
0.94 |
13.2 |
12.4 |
MU21-054 |
338.40 |
339.00 |
0.60 |
0.52 |
1.3 |
0.7 |
MU21-054 |
347.00 |
348.00 |
1.00 |
0.77 |
1.1 |
0.8 |
MU21-054 |
365.00 |
366.70 |
1.70 |
1.30 |
2.8 |
2.8 |
MU21-054 |
379.50 |
380.00 |
0.50 |
0.47 |
1.7 |
0.8 |
MU21-054 |
382.00 |
383.00 |
1.00 |
0.75 |
1.8 |
1.3 |
MU21-054 |
392.80 |
393.10 |
0.30 |
0.19 |
3.3 |
0.6 |
MU21-054 |
402.40 |
403.00 |
0.60 |
0.56 |
3.3 |
1.9 |
MU21-055 |
41.90 |
42.30 |
0.40 |
0.31 |
2.1 |
0.7 |
MU21-055 |
98.00 |
98.60 |
0.60 |
0.56 |
1.9 |
1.1 |
MU21-055 |
129.00 |
129.50 |
0.50 |
0.43 |
1.4 |
0.6 |
MU21-055 |
229.00 |
230.00 |
1.00 |
0.86 |
0.9 |
0.8 |
MU21-055 |
232.00 |
233.00 |
1.00 |
0.86 |
2.3 |
1.9 |
MU21-055 |
242.00 |
242.60 |
0.60 |
0.59 |
1.7 |
1.0 |
MU21-055 |
314.60 |
316.10 |
1.50 |
1.30 |
2.2 |
2.2 |
MU21-055 |
317.00 |
320.00 |
3.00 |
2.30 |
0.9 |
0.9 |
MU21-057 |
99.00 |
101.00 |
2.00 |
1.43 |
1.4 |
1.4 |
MU21-057 |
195.70 |
196.60 |
0.90 |
0.45 |
1.4 |
0.6 |
MU21-057 |
282.20 |
282.60 |
0.40 |
0.35 |
2.6 |
0.9 |
MU21-057 |
502.00 |
502.60 |
0.60 |
0.56 |
2.7 |
1.5 |
MU21-065 |
15.75 |
16.20 |
0.45 |
0.42 |
1.3 |
0.6 |
MU21-065 |
32.90 |
37.80 |
4.90 |
3.52 |
10.6 |
10.6 |
MU21-065 |
42.30 |
42.80 |
0.50 |
0.38 |
52.1 |
19.8 |
MU21-065 |
48.60 |
49.00 |
0.40 |
0.28 |
5.6 |
1.6 |
MU21-065 |
63.85 |
66.55 |
2.70 |
1.91 |
26.4 |
26.4 |
MU21-065 |
83.30 |
83.75 |
0.45 |
0.32 |
2.9 |
0.9 |
MU21-065 |
85.60 |
85.95 |
0.35 |
0.25 |
3.9 |
1.0 |
MU21-065 |
108.60 |
109.40 |
0.80 |
0.61 |
2.0 |
1.2 |
MU21-065 |
136.50 |
136.90 |
0.40 |
0.20 |
3.7 |
0.7 |
MU21-065 |
162.10 |
162.60 |
0.50 |
0.41 |
1.7 |
0.7 |
MU21-065 |
165.30 |
165.80 |
0.50 |
0.25 |
2.1 |
0.5 |
MU21-065 |
202.95 |
203.35 |
0.40 |
0.36 |
2.4 |
0.9 |
MU21-065 |
331.30 |
332.30 |
1.00 |
0.42 |
1.3 |
0.5 |
MU21-065 |
351.80 |
352.70 |
0.90 |
0.38 |
4.3 |
1.6 |
Notes:
- Where true
widths are greater than 1m, grades are not diluted and are
presented as the grade over the composite true width.
- Composites that
are below 0.5 g/t Au when diluted to 1 m are not reported in this
table.
Table 2. Drill Hole Collar Details
DRILL PROGRAM |
DRILL HOLE ID |
EASTING |
NORTHING |
ELEVATION |
DEPTH |
DIP |
AZIMUTH |
DATECOMPLETE |
CZ Extension |
MU21-025 |
764366 |
7213135 |
-252 |
432 |
-32 |
349 |
30/06/2021 |
CZ Extension |
MU21-026 |
764362 |
7213127 |
-251 |
383 |
-16 |
313 |
24/07/2021 |
CZ Extension |
MU21-027 |
764362 |
7213127 |
-252 |
423 |
-23 |
324 |
12/08/2021 |
CZ Extension |
MU21-028 |
764364 |
7213128 |
-251 |
429 |
-25 |
333 |
11/06/2021 |
CZ Extension |
MU21-029 |
764001 |
7213223 |
-195 |
453 |
-24 |
88 |
27/08/2021 |
CZ Extension |
MU21-030 |
764001 |
7213223 |
-195 |
486 |
-28 |
80 |
17/09/2021 |
CZ Extension |
MU21-031 |
764001 |
7213223 |
-195 |
526 |
-30 |
72 |
3/10/2021 |
CZ Conversion |
MU21-046 |
764332 |
7213143 |
-250 |
357 |
-17 |
307 |
15/10/2021 |
CZ Conversion |
MU21-047 |
764332 |
7213143 |
-251 |
360 |
-24 |
312 |
23/10/2021 |
CZ Conversion |
MU21-048 |
764332 |
7213143 |
-251 |
374 |
-26 |
321 |
2/11/2021 |
CZ Conversion |
MU21-050 |
764401 |
7213123 |
-272 |
432 |
-28 |
325 |
6/12/2021 |
CZ Conversion |
MU21-051 |
764401 |
7213123 |
-273 |
441 |
-28 |
332 |
26/11/2021 |
CZ Conversion |
MU21-052 |
764401 |
7213123 |
-273 |
510 |
-30 |
337 |
22/12/2021 |
CZ Conversion |
MU21-065 |
764332 |
7213144 |
-250 |
375 |
-20 |
320 |
13/11/2021 |
CZ-LZ Link |
MU21-053 |
764149 |
7213200 |
-222 |
411 |
-26 |
303 |
17/10/2021 |
CZ-LZ Link |
MU21-054 |
764149 |
7213200 |
-222 |
411 |
-28 |
313 |
29/10/2021 |
CZ-LZ Link |
MU21-055 |
764152 |
7213204 |
-222 |
429 |
-34 |
324 |
10/11/2021 |
CZ-LZ Link |
MU21-057 |
764152 |
7213204 |
-222 |
531 |
-36 |
343 |
3/12/2021 |
Notes:
- Coordinate
System: SWEREF 99
Mandalay Resources (TSX:MND)
Historical Stock Chart
From Feb 2024 to Mar 2024
Mandalay Resources (TSX:MND)
Historical Stock Chart
From Mar 2023 to Mar 2024