Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX:
MND, OTCQB: MNDJF) is pleased to provide an update on the eastern
extension drilling and significant intercepts from the North Zone
drilling program at its Björkdal operation in Sweden.
New Drilling Highlights:
North Zone
- 155.0 g/t gold over 0.80 m (Estimated True
Width “ETW” 0.61 m);
- 183.0 g/t gold over 0.45 m (ETW 0.34 m);
and
- 64.8 g/t gold over 0.85 m (ETW 0.55 m) in
MU22-002.
Extension Plunge Extension
- 14.7 g/t gold over 4.10 m (ETW 3.48 m) in
MU21-009;
- 27.3 g/t gold over 2.20 m (ETW 1.61 m) in
MU21-010; and
- 91.3 g/t gold over 0.30 m (ETW 0.26 m) in
MU21-012.
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:
“We are pleased to report progress on the
Eastern Plunge extension program where infill drilling of the
eastern section between the Central and Lake Zone plunge extensions
have produced excellent results while bridging our knowledge in
this new and exciting extension. We expect these results will
increase our 2022 year-end Mineral Reserves.
“Furthermore, as the initial step out phase of
eastern extension drilling concludes, underground drilling
resources will shift towards our North Zone program. An area north
of Aurora in which east-west trending veining parallels the Aurora
and surrounding veins. The latest round of drilling is ongoing and
is aimed at infilling known veining and testing for the lateral and
vertical extents. So far, the drilling supports the interpreted
veining previously tested and suggest a concentration of veining
approximately 450 m north of Aurora where the best grades of the
prospect have been recovered in MU22-002. Lateral extension
drilling is not far progressed, however, there are indications that
the trend could span 750 m.
“Lastly, a video has been prepared by Chris
Davis, Vice President of Operational Geology and Exploration, to
further explain the information in this release. This video can be
found on Mandalay’s website or by clicking here.”
Dual focus for Underground Exploration
During the first half of 2022 underground
exploration at Björkdal has been focused on further defining the
Eastern Plunge extension veining and investigating the breadth and
grade of mineralization to the north of Aurora within the North
Zone.
https://www.globenewswire.com/NewsRoom/AttachmentNg/59472517-26a9-427b-a806-e80d75655662
Figure 1. Perspective view of the Björkdal Mine
looking towards the SW highlighting the interaction of the veining
(Red), Marble (Blue) and Björkdal fault (Yellow). Drilling from the
2022 Eastern extension and North Zone programs is also shown.
Eastern Extension
Late in 2021, it became apparent that a gap of
highly prospective ground was underexplored between Lake and
Central Zones at depth. A testing program was designed to explore
the gap and yielded initial success (press released January 24,
2022). A follow-up drilling campaign was designed to define the
extended and newly discovered veining. The 2022 program included
seven holes and intercepted 17 now modelled veins with encouraging
grades amongst them including 14.7 g/t gold over 4.10 m (3.48 m
ETW) and 27.3 g/t gold over 2.20 m (1.61 m ETW). Assays are pending
for the last half of MU22-006 however veining was identified within
this drillhole along trend.
This drilling program has now identified veining
of mineable grades up to 400 m down plunge from the current
underground infrastructure.
https://www.globenewswire.com/NewsRoom/AttachmentNg/f0ccaea4-94b3-4498-b3ea-67b04851289b
Figure 2. 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.
Like previous drilling of the eastern
continuation, visible gold is common within the quartz veining and
is generally accompanied by significant gold grades when assayed.
Below is an image of the aforementioned MU022-010 intercept.
https://www.globenewswire.com/NewsRoom/AttachmentNg/4bfc75dc-c078-4902-ba7e-d32b98b4a73f
Figure 3. Photograph of core containing gold
within MU22-010 (340.05 – 342.25 m – ETW 1.61m @ 27.3 g/t Au).
North Zone
In January 2022, Mandalay recommenced the North
Zone drilling program with an intention to further define
mineralization intercepted in 2020 and test for lateral and
vertical extents. The drilling program is ongoing with 11 drill
holes completed to-date. Excitingly, the drilling has highlighted
an area of increased veining density at approximately 450 m north
of Aurora. This increased density is also accompanied by increased
grades with two of the best results in the prospect coming from
MU22-002. These are: 155.0 g/t gold over 0.80 m (0.61 m ETW) in
MU22-002 and 183.0 g/t gold over 0.45 m (0.34 m ETW).
Apart from the exceptional grade, these
intercepts are important due to their location above the marble
unit and what that could mean for vertical and lateral grade
continuity. Veining below the marble horizon general persists for
80 m in vertical extent. The Aurora orebody – like the North Zone –
exists above the marble and has a mineable vertical extent of
approximately 350 m and lateral extent of 400 m. The 2022 North
Zone drilling campaign has intersected mineralization across a 750
m trend and 200 m vertical extent although the bounds of the zone
have not yet been found.
https://www.globenewswire.com/NewsRoom/AttachmentNg/75aea6e4-9958-4f6e-891e-5313c639e23f
Figure 4. Plan section of the North Zone
drilling area showing the 2022 drilling complete to date.
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/66c6c133-05d5-4c6c-adde-6f5371182f73
Figure 5. East-West cross-section of area
showing the divergence of Marble and Björkdal Shear. 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.
Drilling and development of both areas of
interest will be ongoing through 2022 with an intent of increasing
reserves and setting up the next high tonnage and grade development
area for the Björkdal Mine.
https://www.globenewswire.com/NewsRoom/AttachmentNg/98e8b3ba-1540-4241-bc8c-9a3e7ee32902
Figure 6. Photograph of the MU22-002 intercept
at 476.7m with image of core showing gold entrained within
quartz.
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 31, 2022, Technical Report entitled “Mandalay Resources –
Björkdal Property NI 43-101 Technical Report” 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 NguyenDirector, Business Valuations and Investor
Relations
Contact:647.260.1566 ext. 1
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, 2022, 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 from
the Central to Lake Zone drilling program
Drill HoleID |
From(m) |
To (m) |
Interval(m) |
EstimatedTrueWidth
(m) |
AuGrade(g/t) |
Au (g/t)overmin.
1mwidth |
MU22-006 |
23.30 |
23.75 |
0.45 |
0.34 |
3.6 |
1.2 |
MU22-006 |
44.00 |
44.35 |
0.35 |
0.22 |
55.8 |
12.3 |
MU22-006 |
74.60 |
75.95 |
1.35 |
1.30 |
1.4 |
1.4 |
MU22-006 |
100.75 |
101.25 |
0.50 |
0.40 |
8.4 |
8.4 |
MU22-006 |
237.00 |
238.10 |
1.10 |
0.87 |
2.7 |
2.7 |
MU22-007 |
110.55 |
113.05 |
2.50 |
1.61 |
2.0 |
2.0 |
MU22-007 |
217.40 |
217.90 |
0.50 |
0.43 |
4.7 |
2.0 |
MU22-007 |
241.30 |
242.65 |
1.35 |
1.17 |
3.8 |
3.8 |
MU22-008 |
101.15 |
101.85 |
0.70 |
0.44 |
1.2 |
1.2 |
MU22-008 |
125.80 |
126.85 |
1.05 |
0.66 |
1.0 |
1.0 |
MU22-008 |
305.00 |
308.00 |
3.00 |
0.78 |
2.8 |
2.2 |
MU22-008 |
359.55 |
359.85 |
0.30 |
0.23 |
24.6 |
5.7 |
MU22-008 |
365.00 |
366.00 |
1.00 |
0.63 |
13.3 |
13.3 |
MU22-009 |
25.00 |
26.00 |
1.00 |
0.77 |
0.9 |
0.9 |
MU22-009 |
33.00 |
34.00 |
1.00 |
0.77 |
1.8 |
1.8 |
MU22-009 |
55.00 |
56.00 |
1.00 |
0.77 |
1.1 |
1.1 |
MU22-009 |
87.00 |
88.00 |
1.00 |
0.77 |
1.5 |
1.5 |
MU22-009 |
94.95 |
95.25 |
0.30 |
0.23 |
68.4 |
15.7 |
MU22-009 |
126.05 |
127.00 |
0.95 |
0.73 |
0.8 |
0.8 |
MU22-009 |
215.40 |
215.80 |
0.40 |
0.38 |
6.1 |
2.3 |
MU22-009 |
229.30 |
233.40 |
4.10 |
3.48 |
14.7 |
14.7 |
MU22-009 |
247.70 |
248.75 |
1.05 |
0.81 |
2.0 |
2.0 |
MU22-009 |
250.80 |
254.50 |
3.70 |
2.83 |
2.4 |
2.4 |
MU22-009 |
356.00 |
359.00 |
3.00 |
2.32 |
8.1 |
8.1 |
MU22-009 |
383.60 |
384.25 |
0.65 |
0.56 |
29.1 |
16.3 |
MU22-009 |
402.35 |
403.00 |
0.65 |
0.50 |
41.8 |
20.9 |
MU22-009 |
427.00 |
427.95 |
0.95 |
0.73 |
0.8 |
0.8 |
MU22-009 |
473.85 |
474.15 |
0.30 |
0.26 |
11.5 |
3.0 |
MU22-010 |
81.85 |
82.95 |
1.10 |
1.08 |
4.2 |
4.2 |
MU22-010 |
101.95 |
103.05 |
1.10 |
0.78 |
1.7 |
1.3 |
MU22-010 |
108.00 |
109.00 |
1.00 |
0.71 |
6.8 |
4.8 |
MU22-010 |
137.00 |
138.00 |
1.00 |
0.78 |
0.8 |
0.8 |
MU22-010 |
148.05 |
148.95 |
0.90 |
0.78 |
0.8 |
0.6 |
MU22-010 |
255.85 |
256.40 |
0.55 |
0.39 |
4.0 |
1.5 |
MU22-010 |
265.05 |
266.05 |
1.00 |
0.78 |
2.5 |
2.5 |
MU22-010 |
319.05 |
320.00 |
0.95 |
0.74 |
0.9 |
0.9 |
MU22-010 |
323.00 |
326.00 |
3.00 |
2.35 |
2.2 |
2.2 |
MU22-010 |
340.05 |
342.25 |
2.20 |
1.61 |
27.3 |
27.3 |
MU22-010 |
360.00 |
361.00 |
1.00 |
0.78 |
0.9 |
0.9 |
MU22-010 |
363.95 |
364.75 |
0.80 |
0.69 |
9.6 |
6.6 |
MU22-010 |
373.20 |
374.15 |
0.95 |
0.78 |
1.9 |
1.5 |
MU22-010 |
385.00 |
386.00 |
1.00 |
0.78 |
1.3 |
1.3 |
MU22-010 |
386.60 |
387.00 |
0.40 |
0.38 |
1.5 |
0.6 |
MU22-011 |
24.00 |
26.05 |
2.05 |
0.87 |
1.7 |
1.5 |
MU22-011 |
32.00 |
33.00 |
1.00 |
0.66 |
1.0 |
1.0 |
MU22-011 |
37.00 |
37.95 |
0.95 |
0.63 |
7.2 |
7.2 |
MU22-011 |
82.00 |
83.00 |
1.00 |
0.66 |
2.1 |
2.1 |
MU22-011 |
215.00 |
215.35 |
0.35 |
0.32 |
7.8 |
2.5 |
MU22-011 |
271.95 |
273.00 |
1.05 |
0.70 |
1.1 |
1.1 |
MU22-011 |
333.60 |
334.20 |
0.60 |
0.56 |
28.9 |
16.2 |
MU22-011 |
345.00 |
347.85 |
2.85 |
2.18 |
1.4 |
1.4 |
MU22-011 |
366.00 |
368.00 |
2.00 |
1.00 |
2.6 |
2.6 |
MU22-011 |
375.95 |
376.95 |
1.00 |
0.50 |
2.1 |
1.1 |
MU22-011 |
405.05 |
405.90 |
0.85 |
0.56 |
3.4 |
3.4 |
MU22-011 |
480.75 |
481.80 |
1.05 |
0.53 |
1.1 |
0.6 |
MU22-012 |
259.45 |
259.75 |
0.30 |
0.28 |
2.5 |
0.7 |
MU22-012 |
265.00 |
266.30 |
1.30 |
1.15 |
3.2 |
3.2 |
MU22-012 |
274.70 |
275.00 |
0.30 |
0.26 |
91.3 |
23.7 |
MU22-012 |
301.70 |
302.00 |
0.30 |
0.27 |
1.9 |
0.5 |
MU22-012 |
309.00 |
310.00 |
1.00 |
1.00 |
1.4 |
1.4 |
MU22-012 |
311.00 |
312.10 |
1.10 |
0.71 |
1.0 |
0.7 |
MU22-012 |
317.95 |
319.00 |
1.05 |
0.95 |
1.2 |
1.1 |
MU22-012 |
347.40 |
347.80 |
0.40 |
0.20 |
3.8 |
0.8 |
MU22-012 |
354.00 |
356.00 |
2.00 |
1.73 |
3.5 |
3.5 |
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. Table of Significant Intercepts from
the North Zone drilling program
Drill HoleID |
From(m) |
To (m) |
Interval(m) |
EstimatedTrueWidth
(m) |
AuGrade(g/t) |
Au (g/t)overmin.
1mwidth |
MU22-001 |
12.70 |
13.35 |
0.65 |
0.53 |
3.6 |
1.9 |
MU22-001 |
22.45 |
22.85 |
0.40 |
0.31 |
6.4 |
2.0 |
MU22-001 |
32.40 |
36.15 |
3.75 |
1.58 |
3.1 |
3.1 |
MU22-001 |
78.85 |
79.30 |
0.45 |
0.19 |
3.4 |
0.6 |
MU22-001 |
322.60 |
323.25 |
0.65 |
0.43 |
3.1 |
1.3 |
MU22-001 |
488.40 |
488.70 |
0.30 |
0.19 |
16.9 |
3.2 |
MU22-001 |
501.55 |
502.35 |
0.80 |
0.51 |
8.9 |
4.5 |
MU22-001 |
509.90 |
510.25 |
0.35 |
0.27 |
2.2 |
0.6 |
MU22-001 |
527.45 |
528.90 |
1.45 |
1.11 |
4.7 |
4.7 |
MU22-001 |
532.50 |
533.10 |
0.60 |
0.32 |
2.5 |
0.8 |
MU22-002 |
103.15 |
104.00 |
0.85 |
0.55 |
64.8 |
35.6 |
MU22-002 |
149.95 |
150.55 |
0.60 |
0.16 |
4.8 |
0.8 |
MU22-002 |
210.35 |
210.80 |
0.45 |
0.29 |
5.7 |
1.7 |
MU22-002 |
216.50 |
217.20 |
0.70 |
0.24 |
2.6 |
0.6 |
MU22-002 |
323.00 |
323.60 |
0.60 |
0.46 |
2.7 |
1.2 |
MU22-002 |
343.00 |
343.45 |
0.45 |
0.37 |
2.5 |
0.9 |
MU22-002 |
352.30 |
353.00 |
0.70 |
0.35 |
5.9 |
2.1 |
MU22-002 |
400.40 |
401.00 |
0.60 |
0.39 |
1.9 |
0.8 |
MU22-002 |
410.85 |
411.40 |
0.55 |
0.35 |
5.9 |
2.0 |
MU22-002 |
476.70 |
477.50 |
0.80 |
0.61 |
155.0 |
94.6 |
MU22-002 |
500.10 |
500.55 |
0.45 |
0.34 |
183.0 |
62.2 |
MU22-002 |
530.85 |
531.55 |
0.70 |
0.54 |
1.0 |
0.5 |
MU22-003 |
2.65 |
3.00 |
0.35 |
0.15 |
135.0 |
20.3 |
MU22-003 |
88.60 |
88.95 |
0.35 |
0.27 |
6.8 |
1.8 |
MU22-003 |
115.65 |
116.45 |
0.80 |
0.40 |
1.4 |
0.6 |
MU22-003 |
122.40 |
123.10 |
0.70 |
0.49 |
4.9 |
2.4 |
MU22-003 |
135.65 |
136.70 |
1.05 |
0.74 |
1.2 |
0.9 |
MU22-003 |
145.15 |
147.25 |
2.10 |
1.13 |
6.7 |
6.7 |
MU22-003 |
173.10 |
173.80 |
0.70 |
0.45 |
2.2 |
1.0 |
MU22-003 |
546.20 |
546.60 |
0.40 |
0.28 |
2.0 |
0.6 |
MU22-003 |
559.65 |
561.20 |
1.55 |
1.10 |
2.6 |
2.6 |
MU22-003 |
584.50 |
585.05 |
0.55 |
0.32 |
1.7 |
0.5 |
MU22-003 |
599.25 |
604.65 |
5.40 |
3.17 |
1.9 |
1.9 |
MU22-004 |
63.90 |
64.65 |
0.75 |
0.48 |
1.6 |
0.7 |
MU22-004 |
237.05 |
237.40 |
0.35 |
0.28 |
2.2 |
0.6 |
MU22-004 |
248.20 |
249.20 |
1.00 |
0.60 |
1.1 |
0.7 |
MU22-004 |
350.65 |
351.60 |
0.95 |
0.57 |
1.5 |
1.5 |
MU22-004 |
424.20 |
424.60 |
0.40 |
0.17 |
5.9 |
1.0 |
MU22-004 |
437.00 |
437.55 |
0.55 |
0.35 |
3.3 |
1.2 |
MU22-005 |
37.20 |
37.80 |
0.60 |
0.49 |
2.0 |
1.0 |
MU22-005 |
58.60 |
59.20 |
0.60 |
0.46 |
1.6 |
0.7 |
MU22-005 |
231.65 |
232.25 |
0.60 |
0.52 |
2.6 |
1.3 |
MU22-005 |
394.80 |
395.30 |
0.50 |
0.25 |
25.9 |
6.5 |
MU22-005 |
462.00 |
462.60 |
0.60 |
0.30 |
6.1 |
1.8 |
MU22-005 |
476.05 |
476.50 |
0.45 |
0.32 |
1.9 |
0.6 |
MU22-013 |
190.00 |
190.50 |
0.50 |
0.19 |
2.4 |
2.4 |
MU22-013 |
251.00 |
251.50 |
0.50 |
0.21 |
3.8 |
0.8 |
MU22-013 |
549.60 |
550.10 |
0.50 |
0.09 |
8.9 |
0.8 |
MU22-013 |
580.00 |
581.80 |
1.80 |
0.62 |
1.5 |
0.9 |
MU22-013 |
585.20 |
587.60 |
2.40 |
1.20 |
3.4 |
3.4 |
MU22-014 |
56.50 |
57.00 |
0.50 |
0.25 |
2.3 |
0.6 |
MU22-014 |
145.60 |
146.00 |
0.40 |
0.26 |
2.8 |
0.7 |
MU22-014 |
149.00 |
150.00 |
1.00 |
0.50 |
1.1 |
1.1 |
MU22-014 |
151.00 |
151.40 |
0.40 |
0.20 |
3.0 |
0.6 |
MU22-014 |
181.90 |
182.30 |
0.40 |
0.26 |
6.0 |
1.5 |
MU22-014 |
199.00 |
200.00 |
1.00 |
0.50 |
1.5 |
1.5 |
MU22-015A |
142.00 |
142.50 |
0.50 |
0.25 |
7.8 |
2.0 |
MU22-015A |
322.00 |
322.50 |
0.50 |
0.43 |
4.2 |
1.8 |
MU22-015A |
549.00 |
549.60 |
0.60 |
0.46 |
12.2 |
5.6 |
MU22-016 |
73.50 |
74.50 |
1.00 |
0.64 |
3.3 |
2.1 |
MU22-016 |
109.40 |
110.00 |
0.60 |
0.39 |
2.1 |
0.8 |
MU22-016 |
117.60 |
118.50 |
0.90 |
0.69 |
1.3 |
0.9 |
MU22-016 |
161.00 |
161.40 |
0.40 |
0.31 |
1.9 |
0.6 |
MU22-016 |
365.70 |
366.00 |
0.30 |
0.26 |
4.7 |
1.2 |
MU22-017 |
69.60 |
72.10 |
2.50 |
2.17 |
2.9 |
2.9 |
MU22-017 |
79.00 |
79.50 |
0.50 |
0.43 |
4.2 |
1.8 |
MU22-017 |
255.80 |
256.30 |
0.50 |
0.25 |
5.9 |
1.5 |
MU22-017 |
274.00 |
275.00 |
1.00 |
0.75 |
6.0 |
6.0 |
MU22-017 |
281.70 |
282.00 |
0.30 |
0.23 |
11.0 |
2.5 |
MU22-017 |
327.00 |
327.40 |
0.40 |
0.38 |
5.4 |
2.0 |
MU22-017 |
410.50 |
411.00 |
0.50 |
0.43 |
1.4 |
0.6 |
MU22-017 |
449.00 |
449.60 |
0.60 |
0.46 |
2.2 |
1.0 |
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 3. Drill Hole Collar Details
DrillProgram |
Drill HoleID |
Easting |
Northing |
Elevation |
Depth |
Dip |
Azimuth |
DateComplete |
CZ - LZ Infill |
MU22-001 |
763276 |
7213187 |
-281 |
598.90 |
-23.0 |
325.3 |
4/5/2022 |
CZ - LZ Infill |
MU22-002 |
763271 |
7213231 |
-203 |
623.80 |
-26.6 |
312.9 |
17/1/2022 |
CZ - LZ Infill |
MU22-003 |
763243 |
7213184 |
-184 |
610.20 |
-27.1 |
316.8 |
7/2/2022 |
CZ - LZ Infill |
MU22-004 |
763242 |
7213184 |
-185 |
621.05 |
-33.1 |
310.2 |
28/2/2022 |
CZ - LZ Infill |
MU22-005 |
763242 |
7213183 |
-184 |
530.40 |
-30.4 |
303.4 |
5/6/2022 |
CZ - LZ Infill |
MU22-006 |
764152 |
7213204 |
-223 |
500.50 |
-35.3 |
330.2 |
5/4/2022 |
CZ - LZ Infill |
MU22-007 |
764149 |
7213200 |
-222 |
491.80 |
-36.4 |
339.1 |
26/4/2022 |
North Zone |
MU22-008 |
764149 |
7213200 |
-222 |
513.45 |
-35.2 |
330.2 |
4/5/2022 |
North Zone |
MU22-009 |
764152 |
7213204 |
-222 |
501.05 |
-30.8 |
321.3 |
6/4/2022 |
North Zone |
MU22-010 |
764152 |
7213204 |
-222 |
404.35 |
-30.4 |
316.3 |
5/2/2022 |
North Zone |
MU22-011 |
764149 |
7213200 |
-222 |
498.05 |
-29.9 |
308.3 |
27/2/2022 |
North Zone |
MU22-012 |
764149 |
7213201 |
-222 |
433.00 |
-22.2 |
299.3 |
16/3/2022 |
North Zone |
MU22-013 |
763463 |
7213371 |
-319 |
600.35 |
-36.7 |
355.5 |
16/3/2022 |
North Zone |
MU22-014 |
763463 |
7213370 |
-319 |
600.30 |
-39.2 |
344.7 |
24/2/2022 |
North Zone |
MU22-015 |
763462 |
7213370 |
-319 |
174.50 |
-41.0 |
330.3 |
22/12/2021 |
North Zone |
MU22-015A |
763462 |
7213370 |
-319 |
603.30 |
-41.1 |
331.0 |
30/1/2022 |
North Zone |
MU22-016 |
763462 |
7213370 |
-319 |
384.50 |
-34.5 |
320.6 |
6/4/2022 |
North Zone |
MU22-017 |
763361 |
7213275 |
-301 |
600.40 |
-26.2 |
330.3 |
4/5/2022 |
North Zone |
MU22-022 |
763276 |
7213187 |
-281 |
597.50 |
-26.0 |
329.3 |
14/5/2022 |
Notes:
- Coordinate
System: SWEREF 99
Mandalay Resources (TSX:MND)
Historical Stock Chart
From Aug 2024 to Sep 2024
Mandalay Resources (TSX:MND)
Historical Stock Chart
From Sep 2023 to Sep 2024