Mandalay Resources Corp (MNDJF)

[NYBob]

$RE: ganndolph, any comments?
AlfTanner,

The following link shows the Mandalay Resources drilling addressed in
the news release.

https://youtu.be/riDBUuHcT3M


$This NR confirms that Costerfield = Fosterville at depth, where gold at
depth is in high grade veins
in quartz with stibnite largely absent.

This implies that the gold is all free gold recoverable at 90 percent
plus recovery through the gravity circuit.

10,000 square meters times an average of 66.45 g/t over a 1.8 meter
mining width based on 6 holes equates to about 115,000 ounces of free
gold over the Eastern Vein, while

20,000 square meters times an average of 12.2 g/t over a 1.8 meter
mining width based on 4 holes equates to another 42,000 ounces of free
gold at the Western Vein.

Since these results are based on two drilling platforms confirming these
high grade gold intercepts from two different angles, small wonder why
the company has accelerated its exploration drilling program.

This reminds me of Crocodile Gold, except in the case of
Mandalay Resources, 80 percent of the stock is in the hands of large
institutional firms.

Yet their market makers are still capping this stock at
$2.00 USD per share, and hoping that retail investors would
cough up their shares at that bottom basement price.


https://mandalayresources.com/news/mandalay-resources-corporation-discovers-new-gold-rich-structural-domain-below-the-youle-mine-1/


https://www.mandalayresources.com