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Mandalay Resources Corp.
Summary
| Project: | Cerro Bayo | |
|---|---|---|
| Deposit: | Cerro Bayo | |
| Location: | Chile | |
| Commodities: | Gold-Silver | |
| Date: | 2/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 23-2-2017: Mandalay Resources Corp. announces a Resource Estimation report for its Cerro Bayo deposit at the Cerro Bayo project. Year-end 2016 mineral resources and ore reserves update for project. TORONTO, ON, February 23, 2017 - Mandalay Resources Corpo | |
| Resources: | (Reserve, P+P): 0.979Mt @ 282g/t Ag, 2.29g/t Au | |
| CP/QP: | [Resources]: Rosmery Julia Cardenas Barzola (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | TORONTO, ON, February 23, 2017 - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) today announced its year-end 2016 Mineral Resources and Reserves estimations. In the Proven and Probable Reserves category (Table 1), contained gold (“Au”) increased by approximately 10%, contained silver (“Ag”) decreased by 40%, and contained antimony (“Sb”) decreased by 7%. In the Measured and Indicated Resource category (Table 2), contained gold increased by approximately 15%, contained silver decreased by 14%, and contained antimony decreased by 16%. All dollar amounts in this press release are in U.S. dollars unless otherwise noted. Details of the Mineral Resources and Reserves estimates at each property are related below. They were prepared or verified by the following independent third parties: Roscoe Postle Associates Inc. (“RPA”) at Björkdal and Cerro Bayo, and SRK Consulting (Australasia) Pty Ltd. (“SRK”) at Costerfield. The estimate of Mineral Resources at the Challacollo project has not changed from 2014. | |
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