Mandalay Resources Corporation Announces Commencement of On Vein Development on the Youle Lode
T.MND | 12 days ago
TORONTO, Sept. 12, 2019 (GLOBE NEWSWIRE) --
Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) is pleased to announce that the first access drive has been completed at the Youle lode with level development now commenced.
Dominic Duffy, President and CEO of Mandalay, commented, “We are extremely pleased with the team’s execution in accessing Youle on the 957 level safely and sooner than originally planned.
Furthermore, on vein development was initiated on the lode, and we will begin processing ore during September.
We foresee the first stope being mined late in the fourth quarter of this year.”
Mr. Duffy continued, “Initial assays have been as expected with the most significant being 118 g/t gold and 55.3% antimony over a true width of 0.2 metres.”
Mr. Duffy continued, “We were able to access the Youle lode sooner though design changes allowing the access drive to begin higher up the primary access ramp. With the orebody accessed, development and stoping will be ramping up and we expect a continual uplift in Youle production over the next 12 months.”
Mr. Duffy concluded, “On the exploration side, due to the late start to our drilling programs in 2019, assays have been delayed on key exploration holes although we will be providing an update on all of our drilling programs by the end of September.”
Table 1: Initial Youle Vein Grades
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