CNW Group
Mandalay Resources Reports Discovery of a New Gold Domain at Björkdal
CNW Group
20 min read

In This Article:

TORONTO, Dec. 19, 2024 /CNW/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to provide an update on near mine exploration success at its Björkdal operation in Sweden, highlighting the discovery of North Zone Below Marble – a new underground mineral domain 200 meters ("m") north of the current operations. This news release is the fourth in a series of updates on our 2024 exploration progress at Björkdal.

New Drilling Highlights:

  • North Zone Below Marble Discovery:

    • Identified 18 interpreted veins over a 400 m strike length and 250 m in height, located approximately 200 m from current development.

    • A maiden Mineral Resource estimate expected in Mandalay's year-end update (to be released February 2025), has the potential to add multiple years of mine life.

    • Key intercepts include:

      • 178.9 g/t gold over 1.15 m (Estimated True Width "ETW" 0.94 m) and;

      • 39.6 g/t gold over 3.90 m (ETW 2.76 m) in MU24-010 and;

      • 69.4 g/t gold over 0.80 m (ETW 0.69 m) in MU24-024.

  • Main Zone Infill Drilling:

    • Continued success in Eastern Extension with intercepts:

    • 115.8 g/t gold over 1.85 m (ETW 1.60 m) in MU24-018 and;

    • 43.0 g/t gold over 1.55 m (ETW 1.34 m) in MU24-020.

  • Aurora Zone Extension:

    • Successful testing of a 200 m strike extension identified:

    • 3.4 g/t gold over 7.40 m (ETW 3.70 m) in MU24-004 and;

    • 3.9 g/t gold over 2.70 m (ETW 1.70 m) in MU24-001.

Note: Further intercept details including significant intercepts within composite intervals can be found in the Appendix to this document.

Chris Davis, VP of Exploration and Operational Geology, commented:

"Björkdal's near-mine exploration primarily targets higher margin resources. The newly discovered North Zone Below Marble exhibits consistent, high-grade veining approximately 200 m north of the current underground mine. The veining architecture is similar to the Main Zone, known for its consistently higher-grade ore. This discovery remains open at depth and along strike.

"Additionally, infill drilling in the Eastern Extension of the Main Zone has continued to demonstrate consistent veining and gold endowment through the zone. The Main Zone remains unbound and further extension is expected as appropriate drill platforms become available as mining progresses into the area.

"Lastly, exploration in the larger Aurora Zone has successfully identified wide gold-bearing veins at depth and to the east, approximately 180 m along strike of current mining operations. These intercepts reinforce Aurora's potential for extended delivery of bulk tonnage."

Terms and Privacy Policy
Your Privacy Choices
Utah Privacy Notice

Recommended Stories