The Conversation (0)
Mandalay Resources Provides Exploration Results for the First Half of 2017
Jul. 24, 2017 08:43AM PST
Base Metals Investing Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX:MND) is pleased to provide exploration updates for the first half of 2017 for two of its producing properties, Björkdal (Sweden) and Costerfield (Australia), and its Challacollo (Chile) development project. As quoted in the press release: Dr. Mark Sander, President and CEO of Mandalay, commented, “In the first …
Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX:MND) is pleased to provide exploration updates for the first half of 2017 for two of its producing properties, Björkdal (Sweden) and Costerfield (Australia), and its Challacollo (Chile) development project.
As quoted in the press release:
Dr. Mark Sander, President and CEO of Mandalay, commented, “In the first half of 2017, our exploration programs yielded excellent results, which clearly demonstrate the potential for significant near-term and long-term Mineral Reserve additions at both Björkdal and Costerfield.
“At Björkdal, extensional drilling to the northeast and north of the mine demonstrated that the gold mineralized system extends several hundred metres beyond the current mine in those directions and is not yet closed off. As a result, we have demonstrated the potential to increase Mineral Reserves at Lake Zone underground and West Pit at surface. We have also made significant progress in understanding the distribution and characteristics of high-grade skarn mineralization that occurs both in the open pit and underground mines. Follow-up drilling is planned.”
