Mandalay Resources Corp (MND)

[NYBob]

Mandalay Resources sees encouraging results from extension drilling
at Aurora target on its Björkdal gold mine


https://ca.proactiveinvestors.com/companies/news/934810/mandalay-resources-sees-encouraging-results-from-extension-drilling-at-aurora-target-on-its-bjrkdal-gold-mine-934810.html

Extension drilling at Aurora returned results of 4.8 grams per ton (g/t)
gold over around 2.5 metres in one hole and 2.7 g/t gold over 2.8
metres in another, indicating the plunge extent of Aurora is still open
at depth

Mandalay Resources Corp. -
Definition drilling to the east also revealed results of 8.1 g/t gold
over a true width of 3 metres and 3 g/t gold over 3.5 metres

Mandalay Resources Corporation (TSE:MND) (OTCQB:MNDJF)
revealed positive drill results from the Aurora target at its
Björkdal gold mine in Sweden that highlighted the open plunge extension
and an emerging new high-grade area.

The Canadian miner said Tuesday that extension drilling at Aurora returned results of 4.8 grams per ton (g/t) gold over around 2.5 metres in one hole and 2.7 g/t gold over 2.8 metres in another, indicating the plunge extent of Aurora is still open at depth.

Definition drilling to the east also revealed results of 8.1 g/t gold over a true width of 3 metres and 3 g/t gold over 3.5 metres.

READ: Mandalay Resources reports 'stellar' performance in 3Q, thanks to metals prices and its Australia mine
Further results also provided grade information on the stacked set of veins that are found in the footwall and hanging wall, where drilling returned values of 14.5 g/t gold over 2.9 metres, 38.7 g/t gold over 0.6 metres and 55.6 g/t gold over 0.3 metres.



North-South cross section illustrating the location and orientation of the new intercepts surrounding Aurora

Mandalay CEO Dominic Duffy told shareholders that the results come at a time when ore production from Aurora is ramping up and “becoming the most significant ore source” for its Swedish mining operation.

“With the exceptional grades seen at Aurora, its extension - both to the east and west - represents an important incremental step for Björkdal providing the foundation to bolster overall feed grade and extend mine life,” Duffy said in a statement. “We are also encouraged by some very high-grade intercepts of veins in close proximity to Aurora which will also be a focus of additional drilling going forward.”

Given the intricate nature of the vein system and gold enrichment in and around the area, Mandalay said it is necessary to conduct a targeted definition drilling program to optimize ore extraction at Björkdal.

Toronto-based Mandalay expects its extension campaign to continue into 2021.

Contact Angela at [e-mail]

Follow her on Twitter @AHarmantas

Quick facts: Mandalay Resources Corp.
Price: 1.44 CAD

TSX:MND