Mandalay Resources Corp. is pleased to provide preliminary details on the newly-discovered structural domain below the Youle deposit named the Shepherd Zone at its Costerfield Operation , containing coarse visible gold in two major veining horizons. Drilling highlights: Eastern Veining 23.6 g/t gold over true width of 6.27 m in BC187; and 426.7 g/t gold over a true width of 0.77 m in BC193 Western Veining 231.0 g/t gold [...]
Mandalay Resources Corp. announced today its production and sales results for the first quarter of 2021. First Quarter 2021 Production Highlights: Consolidated saleable gold equivalent production and sales of 28,676 and 28,218 ounces respectively; Consolidated 23,857 ounces of gold sold, highest quarterly amount since Q1 2018; 15,458 ounces of saleable gold equivalent production at Costerfield, highest quarterly [...]
Mandalay Resources Corp. announces that it has filed its Annual Information Form for the year ended December 31, 2020. The Annual Information Form can be accessed under the Company's profile at www.sedar.com and on the Company's website. Mandalay has also filed an updated National Instrument 43-101 compliant Technical Report documenting its recent work at its Bj?rkdal gold mine in Sweden and its Costerfield gold-antimony [...]
Mandalay Resources Corp. is pleased to announce its financial results for the fourth quarter and full-year ended December 31, 2020. The Company's consolidated financial results for the year ended December 31, 2020, together with its Management's Discussion and Analysis for the corresponding period, can be accessed under the Company's profile on www.sedar.com and on the Company's website at www.mandalayresources.com. All [...]
Mandalay Resources Corp. is pleased to announce updated Mineral Resources and Reserves estimates for its Costerfield gold-antimony mine in Victoria, Australia and its Björkdal gold mine in Skellefteå, Sweden as at December 31, 2020. All dollar amounts in this press release are in U.S. dollars unless otherwise noted. Highlights: Costerfield Proven and Probable Mineral Reserves for contained gold and antimony increased by [...]
Mandalay Resources Corp. today announced that its fourth quarter and full-year 2020 financial results will be released after market close on February 25, 2021, followed by a conference call with Dominic Duffy, President and Chief Executive Officer of Mandalay, for investors and analysts on February 26, 2021 at 8:00 AM . Analysts and interested investors are invited to participate using the following dial-in numbers [...]
Mandalay Resources Corp. is pleased to provide an update on the encouraging results from the Bj?rkdal Depth Testing drilling program. Bj?rkdal Depth Testing Highlights 15 veins containing significant grades have been intercepted with inferred strike extensions of up to and over 300 meters Standout intercepts identified: ○ 92.2 g/t gold over a true width of 0.40 m in MU20-021; ○ 32.5 g/t gold over a true width of 1.1 m in MU20-021; ○ 16.4 g/t gold over a true width of 1.11 m in MU20-022; ○ 119.2 g/t gold over a true width of 0.44 m in MU20-023; and ○ 58.5 g/t gold over a true width of 0.32 m in MU20-025. Identified skarnified marble lens: ○ 3.4 g/t gold over a true width of 5.01 m in MU20-024 Note: Significant drill composites are provided i... [...]
Mandalay Resources Corp. is pleased to provide preliminary details on the initial intercepts into a newly discovered veining horizon underneath and related to the Youle deposit at its Costerfield operations . Highlights: 460.5 g/t gold over a partially recovered true width of 0.11 m in BC176; and 165.1 g/t gold over a true width of 0.20 m in BC176W1 wedge hole off BC176. Notes: True width of BC176 is quoted from only [...]
Mandalay Resources Corp. is pleased to provide an update on the Youle extension project at Costerfield, highlighting the delineation of the previously reported southern domain, and the discovery of a new high-grade extension to the northern trend of Youle. Youle Drilling Highlights Drill holes convey lateral continuity of current mine development area, linking to previously reported southern domain : 264.1 g/t gold and [...]
Mandalay Resources Corp. announced today its production and sales results for the fourth quarter and full-year 2020 and provided production and cost guidance for 2021. Fourth Quarter and Full-Year 2020 Production Highlights: Met full-year 2020 production guidance with a consolidated 103,444 ounces of gold equivalent produced; Achieved 35% year-over-year production growth in 2020; Produced 24,488 saleable gold ounces [...]
Mandalay Resources Corp. is pleased to provide an update on encouraging results from the Aurora extension and delineation drill programs at its Björkdal mine. These results highlight the open nature of the plunge extensions and an emerging new high-grade domain. Aurora Drilling Highlights Extensional drilling to the east and down plunge: 4.8 g/t gold over a true width of 2.47 m in MU20-007; and 2.7 g/t gold over a true [...]
Mandalay Resources Corp. is pleased to announce its financial results for the quarter ended September 30, 2020. The Company’s unaudited condensed and consolidated interim financial results for the quarter ended September 30, 2020, together with its Management’s Discussion and Analysis for the corresponding period, can be accessed under the Company’s profile on www.sedar.com and on the Company’s website at [...]