Mandalay Resources Corp (MNDJF)

[NYBob]

$bigone thanks; 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....

$Mandalay Resources Extends the Newly Discovered Shepherd Zone and
Provides Update on the Costerfield Mineral System
June 8, 2021

https://youtu.be/7HcWQpojnHY

https://mandalayresources.com/news/mandalay-resources-extends-the-newly-discovered-shepherd-zone-and-provides-update-on-the-costerfield-mineral-system/

https://mandalayresources.com/news/

Mandalay Resources Extends the Newly Discovered Shepherd Zone and
Provides Update on the Costerfield Mineral System
T.MND | 7 hours ago


Eastern and Western veining horizons are extended in the Shepherd Zone, with numerous high-grade gold intercepts along a 400 metre strike extent
TORONTO, June 08, 2021 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) is pleased to provide an update on the newly discovered Shepherd Zone at its Costerfield Operation in Victoria, Australia.
The Eastern vein has now been traced over 300 metres (“m”) of strike length and approximately 100 m in vertical extent. The mineralization remains open to the south and at depth (Figure 2).

The Western vein has now been traced over 400 m of strike length and approximately 100 m in vertical extent and remains open to the south and at depth (Figure 4).

$New Drilling Highlights:

Eastern Veining

172.3 g/t gold over true width of 0.27 m in BC213; and
69.5 g/t gold over true width of 1.11 m in BC210 including:
406.0 g/t gold over true width of 0.14 m
Western Veining

33.7 g/t gold over true width of 3.22 m in BC201 including:
127.0 g/t gold over true width of 0.69 m ;
712 . 8 g/t gold over true width of 0.10 m in BC205; and
19.4 g/t gold over true width of 4.84 m in BC210 including:
657.3 g/t gold over true width of 0.13 m

https://mandalayresources.com/news/

So in the coming weeks and months when you see MND going from its current
price to over $10 USD per share,
it will be because big money knows this is another FOSTERVILLE
and they will reprice the stock after the last of
the small retail investors are out.

IMHO the current yoyo trading action is a few market makers
trying to pick off the last of the few remaining loose shares.
by ganndolph1 (174) sth.

https://stockhouse.com/companies/bullboard?symbol=t.mnd&postid=33208812


$Costerfield = Fosterville = BESIDE KIRKLAND LAKE GOLD MINE = WHY KL
SHOULD BUY IT = at depth, where gold at depth is in high grade veins
in quartz with stibnite largely absent.


$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