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Mandalay Resources' exploration drill results at Björkdal bode well for future mine development

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Mandalay Resources Corporation (TSE:MND) (OTCQB:MNDJF) (FRA:R7X2) has reported encouraging exploration drill results from its Björkdal operation in Sweden, which augur well for mining higher gold grades within the current life-of-mine plan. 

The work, via two drill campaigns, has been focused on the eastern margin of the orebody, where significant veins have been encountered. 

READ: Mandalay Resources ‘excited’ by Shepherd zone discovery at its Australia mine and continuity of high grades

In the Main Zone veining program, highlight intercepts included 174 grams per ton (g/t) gold over true width of 0.49 metres (m) from 388.7m depth in one hole. The same hole also hit 8.85m of 6.1 g/t gold from 106m depth.

Meanwhile, in the Lane Zone veining campaign, Mandalay hit 25.3 g/t gold over a true width of 1.03m in one hole from 51.8m depth. In another hole, 226.0 g/t gold over a true width of 0.21m from 269.8m depth.

“We are very encouraged by the high grades within veining to the east of the mine and by the strong indications of major extensions to two previously mined high-grade skarn lenses. Results from these two programs support Mandalay’s primary objective of elevating gold grades within the site’s current life-of-mine plan,” said Dominic Duffy, CEO of Mandalay in a statement.

“Building upon the success of these two campaigns, exploration efforts will test another eastern extension, as well as following-up on the targeting of the skarn mineralization sitting above the veining.

“This drilling aims to gain sufficient information to support a mining concession application that will cover the extended veining. Beyond these targets, significant extension potential also exists within the Aurora Zone and surrounding veins, which will also be a major focus of underground exploration efforts at Björkdal in the near future.”

Mandalay also noted that the potential for vein extensions and upgrading have been supported by extensional drilling started in late 2020 by the Björkdal Deeps Drilling campaign and continued through the Lake Zone Infill and the Main Zone Extension drilling programs this year.

The metals miner has producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Björkdal gold mine). It also has projects in Chile and Canada under care and maintenance, closure or development status.

Contact the author at [email protected]

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/953633/mandalay-resources--exploration-drill-results-at-bjrkdal-bode-well-for-future-mine-development-953633.html


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