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Mandalay Resources Corp.
Summary
| Project: | Costerfield | |
|---|---|---|
| Deposit: | Costerfield | |
| Location: | Australia | |
| Commodities: | Gold-Antimony | |
| Date: | 6/18/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-6-2019: Mandalay Resources Corp. announces an Exploration/Drilling Update report for its Costerfield deposit at the Costerfield project. Drilling results incl. 1.45m @ 133.7g/t Au, 5.4% Sb. TORONTO, ON, June 18, 2019 – Mandalay Resources Corporation (" | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Chris Gregory (Internal) | |
| ABSTRACT: | TORONTO, ON, June 18, 2019 – Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) is pleased to announce the commencement of its 2019 exploration campaign at its Costerfield operation in Victoria, Australia, as well as its Björkdal operation in Sweden. The Company is also pleased to report additional diamond drilling results from both operations based on drilling that was carried out since the Company’s last exploration release on November 14, 2018. Readers are advised to review the corresponding figures found at the end of this press release. Mandalay’s drilling programs since the fourth quarter of 2018 have continued to yield encouraging results. At Costerfield, the Company is testing extensions to the Youle orebody (see tables 1 and 2) and has commenced a deep drilling program under the known Costerfield mineral systems to test for potential high-grade mineralization similar to Fosterville’s Swan zone. At Björkdal, the Company has expanded the Aurora mineralization, and in addition is pleased to provide drilling results for newly discovered high-grade skarn at the Lake zone (see tables 3, 4, and 5). Dominic Duffy, President and CEO of Mandalay, commented, “We are pleased to announce that we have commenced our 2019 exploration programs at both of our sites. We believe that the most recent drilling results at Costerfield and Björkdal are very positive and suggest further opportunities for increasing the value of our operations. | |
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