Mandalay Resources Corp (MNDJF)

[NYBob]

bigone thanks; Some sizable numbers. We were with Mandalay a few years
ago.

$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.


$MAJOR PRODUCTION UPLIFT, STABLE OPERATIONS
GROWING PRODUCTION
from 81,568 oz gold equivalent in 2018 to 105-117,000 AuEq oz in 2021

$COSTERFIELD GOLD & ANTIMONY MINE IN AUSTRALIA -



Significant production growth expected via Youle vein
Deep hole drilling below Youle and Cuffley

Testing shallow targets around old-workings

Target and generative testing focus in 2021


$BJÖRKDAL GOLD MINE, SWEDEN -



Step change in underground production. Increasing underground production
with higher-grade ore from Aurora zone.

HIGH-POTENTIAL EXPLORATION UPSIDE

CONTINUING REGIONAL EXPLORATION

programs on known targets; seeking repetition of mineralization

BJÖRKDAL

Extensional drilling at aurora
Defining mineralization and assessing the economics of the high-grade skarn deposit

FULLY-FUNDED

Cash position of $34.2M at 2020 year-end affords Mandalay with the
financial flexibility to continue funding its exploration programs and
sets the Company up for future profitability and growth

COSTERFIELD
High-grade Youle vein the major growth catalyst

BJÖRKDAL
Ramping up underground production, focusing on higher-cash margin ore

2021 GUIDANCE
LATEST PRESENTATION
Q4 2020 PRODUCTION REPORT
Q4 AND YE2020 FINANCIAL
2020 RESERVES AND RESOURCES

https://mandalayresources.com/investors/why-invest/

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


https://www.mandalayresources.com


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Ps.
opinion appreciated
TIA