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Mandalay Resources Corp.
Summary
| Project: | Costerfield | |
|---|---|---|
| Deposit: | Brown | |
| Location: | Australia | |
| Commodities: | Antimony-Gold | |
| Date: | 6/22/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 22-6-2020: Mandalay Resources Corp. announces an Exploration/Drilling Update report for its Brown deposit at the Costerfield project. Drilling results incl. 2.31m @ 61.7g/t Au, 15% Sb. TORONTO, ON, June 22, 2020 – Mandalay Resources Corporation ("Mandalay | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] Chris Davis (Internal) | |
| ABSTRACT: | TORONTO, ON, June 22, 2020 – Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) is pleased to report on the initial encouraging results of its regional testing programs and high-grade resource extensions in both the Youle and Aurora ore bodies at its Costerfield operation in Victoria, Australia, and its Björkdal operation in Skellefteå, Sweden, respectively. Dominic Duffy, President and Chief Executive Officer of Mandalay, commented, “We are pleased to report continued exploration success at both of our sites. The most recent drilling results at Costerfield and Björkdal confirm the significant upside potential value of our operations. Despite the ongoing COVID-19 pandemic, we have been able to increase our drilling while protecting our staff and contractors with strict risk mitigation protocols.” Mr. Duffy added, “At Costerfield, we are excited by the early success in our regional testing programs which have targeted parallel lines of historically mined gold reefs. The first hole drilled into the Brown’s prospect, which is 2.3 km east from our high-grade Youle mine, returned a highly significant intersection of high-grade gold, along with encouraging intercepts on parallel veins. | |
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