MANDALAY RESOURCES REPORTS ENCOURAGING NEAR-MINE EXPLORATION RESULTS FROM THE EASTERN EXTENSION AND NORTH ZONE DRILLING PROGRAMS

2023-07-18 / @newswire

 

TORONTO, July 18, 2023 /CNW/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to provide an update on the Eastern Extension and North Zone drilling programs at its Björkdal operation in Sweden.

Highlights:
  • Extension of Lake Zone veining including intercepts:
    • 116.8 g/t gold over 0.35 m (Estimated True Width "ETW" 0.27 m) in MU23-016;
    • 51.3 g/t gold over 0.60 m (ETW 0.52 m); and
    • 88.6 g/t gold over 0.45 m (ETW 0.34 m) in MU23-015.
  • Further drilling of North Zone provides confidence in veining architecture and continuation of mineralization;
  • Highlights a new mineral domain (the Boreal Zone) that exists between Aurora and North Zone; and
  • North Zone and Boreal Zone composite highlights include:
    • 207.0 g/t gold over 0.55 m (ETW 0.45 m) in MU22-040;
    • 72.8 g/t gold over 0.45 m (ETW 0.29 m) in MU22-025; and
    • 33.6 g/t gold over 0.70 m (ETW 0.61 m) in MU23-022.

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

Frazer Bourchier, President and CEO of Mandalay, commented:

"I am very pleased with the consistent success of our near-mine drilling program at Björkdal. These results reinforce our geologists' keen insights and focus on targeted exploration strategies implemented over the past few years. I am especially impressed with some of the remarkable intercepts of these underground originated exploration drillholes. We are keen to learn more over the coming year as the technical teams continue to update their geological models to better understand the potential mineral reserve impacts."

Chris Davis, Vice President of Exploration and Operational Geology, continued:

"Over the past two years, the Eastern Extension program has been a primary area of exploration and has yielded remarkable results – some of the most significant intercepts seen historically at Björkdal. The drilling conducted in this area has extended the Lake Zone veining both eastward and at depth. Although the veining density is not as high as that of the Main Zone, the veins are continuous with notable intercepts observed up to 560 m from the current infrastructure.

"Furthermore, our upper western extension drilling within the North Zone drilling program identified an exciting new domain of veining, which we have called the Boreal Zone. The veining observed in this domain exhibits a similar orientation and gold endowment to that found in both the North Zone and the Aurora Zone. The extent of the veining in the Boreal Zone is still underexplored and future drilling campaigns will be focused on understanding its full breadth.

"A video has been prepared which walks through the highlights of this release with greater spatial context.  This video can be found on Mandalay's website or by clicking here."

Mr. Bourchier concluded, "These recent developments in exploration underscore one of our strategic objectives committed to organic growth as we continue to explore for both higher margin reserve ounces that may extend life as well as new mineral targets within our land packages. We expect that the inclusion of the Eastern Extension will contribute to the continued growth and success of Björkdal."

Discussion

Building from our press releases in July 20221 and February 20232, near-mine exploration has focussed on two continuing drilling campaigns. The Eastern Extension campaign has continued with a move to the north, testing the eastern continuation of the Lake Zone veining. Running parallel with this program, the North Zone drilling has progressed to an extension phase with four sub-programs, testing the strike and dip extents of the 19 veins now modelled within the emerging domain (see Figure 1).

Figure 1. Perspective view of the Björkdal Mine looking towards the SW highlighting the interaction of the veining (Red), marble (Blue) and Björkdal fault (Yellow). Drilling from the 2023 Lake Zone Eastern Extension and the North Zone extension programs are also shown. (CNW Group/Mandalay Resources Corporation)

1 Mandalay Resources, Mandalay Resources Corporation Confirms Excellent Results from Its Björkdal Eastward Mine Extension Drilling and Reports Encouraging Results from the North Zone Drilling Program, mandalayresources.com/news/2022


2 Mandalay Resources, Mandalay Resources Corporation Continues to Produce Excellent Results from its Björkdal Eastward Mine Extension Drilling and Reports on Successful Aurora Extension Drilling Program, mandalayresources.com/news/2023

Lake Zone Eastern Extension Drilling

Drilling of the eastern flank of the Björkdal mine has consistently delivered high-grade vein intercepts supporting the modelling of gold enrichment within veining continuing to the east underneath the plunging marble horizon. Drilling over 2022 concentrated on the extension of Main Zone and Central Zone with highlight significant results (see previous releases). The latest drilling in this area of enrichment has focussed on the eastward extension to the Lake Zone veining that is being currently mined to the west of the target area.

Ten holes have been drilled in 2023 showing that key veining within the Lake Zone area continues to the east. The density of veining is observed to be lower than that of the Central and Main Zones to the south however significant grades have been intercepted 560 m from current mining showing the mineralisation is still open at depth and to the east. The furthest  intercept from current development returned 5.4 g/t gold over 1 m (ETW 0.64 m) in MU23-017.

Figure 2. Plan section of the Lake Zone and Sub Aurora drilling. Intercepts above 0.5 g/t Au when diluted to 1 m are denoted by dots. Drillholes are annotated with composites over 2.0 g/t Au when diluted to 1 m. (CNW Group/Mandalay Resources Corporation)

Other significant grades within the program include 51.3 g/t gold over 0.60 m (ETW 0.52 m) and 88.6 g/t gold over 0.45 (ETW 0.34 m) in MU23-015 as well as 116.8 g/t over 0.35 m (ETW 0.27) in MU23-016.

Figure 3. Photograph of core from MU22-016 (125.00m – 125.35m – ETW 0.27m @ 116.8 g/t Au). (CNW Group/Mandalay Resources Corporation)

North Zone Extension and Boreal Zone

To the north of the current mine, and well-established Aurora Zone, North Zone is an emerging veining system that has been a recent focus of exploration at Björkdal. The veining exists in a similar setting to that of the Aurora Zone being above the marble horizon and interacting with a number of flat faults theorised to be conduits for mineralising fluids. Like Aurora, the significance of the North Zone is in the geometry of the sheeted veining and potential for structural and grade continuity over a large strike and vertical length which can facilitate greater mining efficiency.

Figure 4. East-West cross-section showing the identified veining of the North Zone drilling. Intercepts above 0.5 g/t Au when diluted to 1 m are denoted by dots. Drillholes are annotated with composites over 2.0 g/t Au when diluted to 1 m.¬ (CNW Group/Mandalay Resources Corporation)

Since the last market update on North Zone in June 2022, a further 19 holes have been drilled into the area to test extensions of the pre-defined veining. Primarily the upper and western extents were tested using a drilling horizon high in the Aurora mine and, as a result, a new mineral domain was intercepted between the Aurora and North Zones, called the Boreal Zone. This new domain is divided from the targeted North Zone by the Balder fault which appears to bound the Boreal Zone to north-east as does the Frea fault to the south-west. Like Aurora and North Zone the Boreal Zone seems to follow an echelon pattern of sheeted veins within their respective fault blocks. Excitingly, the Boreal Zone is only approximately 180 m from current mining infrastructure.

Figure 5. Plan section of the North Zone drilling area showing the 2023 drilling completed since the June 2022 release. Intercepts above 0.5 g/t Au when diluted to 1 m are denoted by dots. Drillholes are annotated with composites over 2.0 g/t Au when diluted to 1 m. (CNW Group/Mandalay Resources Corporation)

Intercept highlights from the North Zone drilling include 19.4 g/t gold over 0.45 m (ETW 0.41m)   within the western extension of North Zone, 207.0 g/t gold over 0.55 m (ETW 0.45 m) within the Boreal Zone and 72.8 g/t gold over 0.45 m (ETW 0.29 m) within the Aurora System which was traversed at the start of the drillholes on the way to the Boreal and North zones.

Drilling and identification of the Boreal Zone was a by-product of the upper west testing of north zone and as such the full extent of the veining has not been tested. A specific Boreal Zone drilling campaign has been designed to test the breadth and depth component of the veining. This campaign commenced in Q2 this year and we expect results in the coming months.

Drilling and Assaying

At Björkdal, all diamond drill core was logged and sampled by Björkdal geologists. Exploration drill hole samples were sent to CRS Laboratories Oy ("CRS") in Kempele, Finland for sample preparation and assaying.

Assaying was conducted utilizing the Pal1000 cyanide leaching processes. Mandalay's rigorous QA/QC program included the use of standard reference samples, blanks, duplicates, repeats, and internal laboratory quality assurance procedures. (see March 30, 2023, Technical Report entitled "Technical Report on the Björkdal Gold Mine, Sweden", available on SEDAR (www.sedar.com), which contains a complete description of drilling, sampling, and assaying procedures).

Qualified Person:

Chris Davis, Vice President of Operational Geology and Exploration at Mandalay Resources, is a Chartered Professional of the Australasian Institute of Mining and Metallurgy (MAusIMM CP(Geo)), as well as a Member of the Australian Institute of Geoscientists (MAIG) and a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical and scientific information provided in this release.

About Mandalay Resources Corporation

Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Björkdal gold mine), with projects in Chile and Canada under closure or development status. The Company is focused on growing its production and reducing costs to generate significant positive cashflow. Mandalay is committed to operating safely and in an environmentally responsible manner, while developing a high level of community and employee engagement.

Mandalay's mission is to create shareholder value through the profitable operation and continuing the regional exploration program, at both its Costerfield and Björkdal mines. Currently, the Company's main objective is to continue mining the high-grade Youle vein at Costerfield, bring online the deeper Shepherd veins, both of which will continue to supply high-grade ore to the processing plant, and to extend Youle Mineral Reserves. At Björkdal, the Company will aim to increase production from the Aurora Zone and other higher-grade areas in the coming years, in order to maximize profit margins from the mine.

Forward-Looking Statements:

This news release contains "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the exploration and development potential of the exploration results disclosed. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in commodity prices and general market and economic conditions. The factors identified above are not intended to represent a complete list of the factors that could affect Mandalay. A description of additional risks that could result in actual results and developments differing from those contemplated by forward-looking statements in this news release can be found under the heading "Risk Factors" in Mandalay's annual information form dated March 31, 2023, a copy of which is available under Mandalay's profile at www.sedar.com. In addition, there can be no assurance that any inferred resources that are discovered as a result of additional drilling will ever be upgraded to proven or probable reserves. Although Mandalay has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Appendix

Table 1. Table of Significant Intercepts from the Lake Zone Eastern Extension drilling program.

Drill Hole ID

From

(m)

To (m)

Interval

 (m)

Estimated

True

 Width (m)

Au

Grade

(g/t)

Au (g/t)

 over

 min. 1m

width 

MU22-033

0.80

1.80

1.00

0.58

6.0

3.4

MU22-033

6.80

7.70

0.90

0.52

3.2

1.7

MU22-033

24.00

24.40

0.40

0.23

20.9

4.8

MU22-033

59.70

60.00

0.30

0.26

8.0

2.1

MU22-033

328.00

328.50

0.50

0.17

4.0

0.7

MU22-034

5.20

6.00

0.80

0.40

4.9

2.0

MU22-034

16.00

17.00

1.00

0.50

2.0

1.0

MU22-034

29.00

30.00

1.00

0.50

4.0

2.0

MU22-034

37.40

38.00

0.60

0.30

2.7

0.8

MU22-034

40.00

40.80

0.80

0.40

6.3

2.5

MU22-034

241.00

242.70

1.70

0.85

0.9

0.8

MU22-035

19.00

20.00

1.00

0.95

1.8

1.7

MU22-035

83.00

84.00

1.00

0.95

7.8

7.4

MU22-035

215.20

216.00

0.80

0.51

1.3

0.6

MU22-036

0.00

3.30

3.30

1.89

1.5

1.5

MU22-036

6.90

7.50

0.60

0.10

5.1

0.5

MU22-036

10.00

11.00

1.00

0.86

0.9

0.8

MU22-036

17.00

18.00

1.00

0.86

5.0

4.3

MU22-036

24.20

25.00

0.80

0.69

0.9

0.6

MU22-036

121.30

123.00

1.70

1.09

1.8

1.8

MU22-036

124.50

125.50

1.00

0.64

1.2

0.8

MU22-036

154.00

155.00

1.00

0.64

1.5

0.9

MU22-036

163.00

164.15

1.15

0.74

7.2

5.3

MU22-037

221.00

221.60

0.60

0.39

1.9

0.7

MU23-014

48.00

49.00

1.00

0.88

0.8

0.7

MU23-014

78.90

79.30

0.40

0.35

4.8

1.7

MU23-014

79.80

80.30

0.50

0.43

1.3

0.6

MU23-014

97.50

98.00

0.50

0.25

22.2

5.6

MU23-014

135.60

136.20

0.60

0.39

5.6

2.2

MU23-014

178.00

179.30

1.30

0.84

1.0

0.9

MU23-014

183.70

184.50

0.80

0.40

1.6

0.6

MU23-014

187.00

188.00

1.00

0.65

2.1

1.3

MU23-014

231.35

231.80

0.45

0.34

40.1

13.6

MU23-014

248.50

248.90

0.40

0.35

2.5

0.9

MU23-014

283.35

283.80

0.45

0.29

3.6

1.1

MU23-014

360.00

360.50

0.50

0.47

1.6

0.7

MU23-014

380.30

381.65

1.35

0.87

1.5

1.3

MU23-015

77.60

78.05

0.45

0.34

88.6

30.1

MU23-015

79.40

80.00

0.60

0.52

1.4

0.7

MU23-015

82.70

83.20

0.50

0.25

3.3

0.8

MU23-015

89.40

90.50

1.10

0.84

1.2

1.0

MU23-015

98.00

98.60

0.60

0.39

1.8

0.7

MU23-015

133.00

133.50

0.50

0.25

13.0

3.2

MU23-015

141.85

142.30

0.45

0.25

2.1

0.5

MU23-015

258.00

259.20

1.20

0.60

40.9

24.6

MU23-015

261.60

262.00

0.40

0.39

2.0

0.8

MU23-015

571.40

572.00

0.60

0.52

51.3

26.7

MU23-016

46.00

46.60

0.60

0.39

1.7

0.7

MU23-016

70.00

70.40

0.40

0.31

2.3

0.7

MU23-016

82.50

83.00

0.50

0.32

9.7

3.1

MU23-016

114.70

115.10

0.40

0.26

5.5

1.4

MU23-016

125.00

125.35

0.35

0.27

116.8

31.1

MU23-016

172.55

173.10

0.55

0.35

1.6

0.6

MU23-016

360.90

361.40

0.50

0.32

2.3

0.7

MU23-016

487.50

489.00

1.50

0.96

7.5

7.2

MU23-017

38.00

41.90

3.90

1.33

1.2

1.2

MU23-017

202.00

203.00

1.00

0.17

16.2

2.8

MU23-017

508.90

509.80

0.90

0.75

1.2

0.9

MU23-017

530.00

531.00

1.00

0.64

0.9

0.6

MU23-017

545.00

546.00

1.00

0.64

1.1

0.7

MU23-017

566.00

566.60

0.60

0.10

14.7

1.5

MU23-017

594.00

595.00

1.00

0.64

5.4

3.4

Notes:

1.  Where true widths are greater than 1m, grades are not diluted and are presented as the grade over the composite true width.

2.  Composites that are below 0.5 g/t Au when diluted to 1 m are not reported in this table.

Table 2. Table of Significant Intercepts from the North Zone drilling program

Drill Hole ID

From

 (m)

To (m)

Interval

 (m)

Estimated

 True

 Width (m)

Au

 Grade

 (g/t)

Au (g/t)

over

min. 1m

width 

MU22-018

32.50

33.00

0.50

0.29

16.4

4.8

MU22-018

85.00

86.00

1.00

0.42

1.6

0.7

MU22-018

149.00

150.00

1.00

0.34

18.3

6.2

MU22-018

164.00

164.50

0.50

0.32

2.6

0.8

MU22-018

564.00

564.95

0.95

0.61

1.2

0.7

MU22-019

44.05

44.50

0.45

0.23

4.8

1.1

MU22-019

53.40

54.20

0.80

0.46

2.4

1.1

MU22-019

63.00

64.05

1.05

0.60

1.3

0.8

MU22-019

72.95

73.45

0.50

0.29

2.0

0.6

MU22-020

23.20

23.50

0.30

0.21

3.6

0.7

MU22-020

63.50

64.00

0.50

0.21

9.7

2.0

MU22-020A

32.50

33.20

0.70

0.61

1.4

0.8

MU22-020A

45.00

46.00

1.00

0.32

2.4

0.8

MU22-020A

81.00

81.50

0.50

0.38

5.9

2.2

MU22-020A

83.00

83.60

0.60

0.46

2.0

0.9

MU22-021

22.85

23.30

0.45

0.32

5.5

1.8

MU22-021

34.40

35.00

0.60

0.34

5.2

1.8

MU22-021

68.00

68.45

0.45

0.26

2.8

0.7

MU22-021

592.80

593.30

0.50

0.32

2.9

0.9

MU22-023

12.15

12.50

0.35

0.30

2.2

0.6

MU22-023

16.00

16.50

0.50

0.45

4.4

2.0

MU22-023

28.55

29.00

0.45

0.34

6.0

2.1

MU22-023

44.30

44.80

0.50

0.38

7.1

2.7

MU22-023

62.95

64.00

1.05

0.80

7.6

6.1

MU22-023

277.60

278.05

0.45

0.41

11.3

4.6

MU22-023

343.30

343.70

0.40

0.28

6.6

1.8

MU22-023

368.95

369.45

0.50

0.35

4.1

1.4

MU22-023

370.55

371.50

0.95

0.61

1.1

0.6

MU22-024

351.40

351.90

0.50

0.32

2.3

0.7

MU22-024

471.85

472.40

0.55

0.32

1.9

0.6

MU22-024

479.30

479.90

0.60

0.46

1.1

0.5

MU22-025

69.35

69.70

0.35

0.27

6.3

1.7

MU22-025

80.60

81.05

0.45

0.29

72.8

21.1

MU22-025

106.65

107.10

0.45

0.32

2.6

0.8

MU22-025

403.10

403.50

0.40

0.31

4.9

1.5

MU22-025

455.20

455.80

0.60

0.46

1.1

0.5

MU22-038

4.60

5.20

0.60

0.30

6.0

1.8

MU22-038

38.40

45.85

7.45

3.73

2.0

2.0

MU22-038

65.45

66.15

0.70

0.49

16.6

8.1

MU22-038

69.20

70.00

0.80

0.57

1.3

0.8

MU22-038

87.80

88.25

0.45

0.37

1.5

0.6

MU22-038

117.40

117.90

0.50

0.35

5.0

1.7

MU22-038

318.15

318.75

0.60

0.46

2.2

1.0

MU22-039

26.70

27.30

0.60

0.21

3.1

0.7

MU22-039

42.65

43.10

0.45

0.37

1.8

0.6

MU22-039

207.80

208.55

0.75

0.43

1.2

0.5

MU22-039

282.40

283.00

0.60

0.42

1.5

0.6

MU22-039

312.00

312.45

0.45

0.37

2.6

1.0

MU22-039

493.75

494.35

0.60

0.39

1.8

0.7

MU22-039

583.15

583.60

0.45

0.41

19.4

8.0

MU22-040

19.30

19.80

0.50

0.21

3.2

0.7

MU22-040

42.70

43.50

0.80

0.51

5.2

2.7

MU22-040

50.25

51.10

0.85

0.60

1.7

1.0

MU22-040

69.00

69.60

0.60

0.45

1.2

0.5

MU22-040

95.10

96.00

0.90

0.69

3.2

2.2

MU22-040

185.30

185.80

0.50

0.38

2.0

0.8

MU22-040

193.50

194.45

0.95

0.54

9.9

5.3

MU22-040

215.40

216.00

0.60

0.49

16.1

7.9

MU22-040

253.65

254.20

0.55

0.45

207.0

93.0

MU22-041

4.30

4.90

0.60

0.46

1.1

0.5

MU22-041

7.60

8.00

0.40

0.31

5.7

1.8

MU22-041

34.40

34.70

0.30

0.25

2.8

0.7

MU22-041

107.55

108.25

0.70

0.61

33.6

20.5

MU22-041

175.20

175.90

0.70

0.57

1.5

0.8

MU22-041

256.50

257.00

0.50

0.47

1.3

0.6

MU22-041

380.30

381.00

0.70

0.61

0.9

0.6

MU22-041

455.10

455.50

0.40

0.35

1.5

0.5

MU22-041

466.20

466.65

0.45

0.37

8.2

3.0

MU22-042

4.40

5.40

1.00

0.76

1.0

0.7

MU22-042

7.70

8.15

0.45

0.34

10.1

3.4

MU22-042

38.40

39.05

0.65

0.50

1.5

0.7

MU22-042

176.15

176.75

0.60

0.42

8.4

3.5

MU22-042

579.80

580.50

0.70

0.63

1.9

1.2

MU23-019

9.50

9.95

0.45

0.29

5.6

1.6

MU23-019

20.15

20.60

0.45

0.44

3.2

1.4

MU23-019

63.90

64.90

1.00

0.77

6.0

4.6

MU23-019

94.30

94.80

0.50

0.32

15.6

5.0

MU23-019

197.55

198.50

0.95

0.54

8.7

4.7

MU23-019

208.00

209.05

1.05

0.99

1.0

1.0

MU23-019

238.70

239.50

0.80

0.51

8.8

4.5

MU23-019

276.20

276.70

0.50

0.25

2.0

0.5

MU23-020

12.60

13.10

0.50

0.38

1.5

0.6

MU23-020

20.20

22.05

1.85

0.90

6.3

5.7

MU23-020

44.50

44.90

0.40

0.35

7.1

2.5

MU23-020

64.50

65.10

0.60

0.49

4.4

2.2

MU23-020

78.90

79.30

0.40

0.26

3.9

1.0

MU23-020

102.50

103.25

0.75

0.48

4.0

1.9

MU23-020

275.10

276.00

0.90

0.64

0.8

0.5

MU23-021

11.60

12.05

0.45

0.29

6.9

2.0

MU23-021

19.45

22.00

2.55

2.21

23.7

23.7

MU23-021

28.05

38.15

10.10

8.27

1.2

1.2

MU23-021

40.90

41.35

0.45

0.41

1.4

0.6

MU23-021

49.15

49.95

0.80

0.73

9.1

6.6

MU23-021

309.15

309.80

0.65

0.50

1.5

0.8

MU23-022

18.75

21.60

2.85

2.02

16.8

16.8

MU23-022

31.45

32.00

0.55

0.35

6.0

2.1

MU23-022

45.70

46.45

0.75

0.65

1.7

1.1

MU23-022

92.30

92.80

0.50

0.38

1.7

0.6

MU23-022

111.85

112.40

0.55

0.45

4.5

2.0

MU23-022

162.15

163.05

0.90

0.86

13.7

11.7

MU23-022

168.90

169.30

0.40

0.38

2.9

1.1

MU23-022

239.00

239.50

0.50

0.31

9.3

2.9

MU23-023

17.30

20.30

3.00

2.45

2.6

2.6

MU23-023

41.60

45.20

3.60

2.95

4.8

4.8

MU23-023

56.10

56.50

0.40

0.33

2.9

1.0

MU23-023

84.75

85.20

0.45

0.39

7.0

2.7

MU23-024

18.95

20.00

1.05

0.91

2.6

2.6

MU23-024

33.25

33.70

0.45

0.29

2.3

0.7

MU23-024

47.60

52.70

5.10

3.61

2.6

2.6

MU23-024

86.45

86.90

0.45

0.42

2.0

0.9

MU23-024

194.70

195.15

0.45

0.43

1.7

0.7

MU23-024

208.45

209.95

1.50

1.06

2.9

2.9

Notes:

1.  Where true widths are greater than 1 m, grades are not diluted and are presented as the grade over the composite true width.

2.  Composites that are below 0.5 g/t Au when diluted to 1 m are not reported in this table.

Table 3. Drill Hole Collar Details

DRILL PROGRAM

DRILL HOLE

 ID

NORTHING

EASTING

ELEVATION

DEPTH

DIP

AZIM

UTH

DATE COMPLETE

Lake Zone East

MU22-033

7213310

763607

-304

501.20

-37.1

355.1

7/09/2022

Lake Zone East

MU22-034

7213310

763607

-304

405.20

-42.0

356.1

18/09/2022

Lake Zone East

MU22-035

7213309

763608

-304

471.00

-44.9

336.3

3/10/2022

Lake Zone East

MU22-036

7213309

763609

-304

528.30

-42.7

349.7

16/10/2022

Lake Zone East

MU22-037

7213292

763591

-306

402.10

-40.9

326.5

1/11/2022

Lake Zone East

MU23-014

7213203

763986

-218

599.90

-36.7

315.3

3/03/2023

Lake Zone East

MU23-015

7213203

763986

-218

605.90

-40.3

330.3

11/02/2023

Lake Zone East

MU23-016

7213203

763986

-218

575.60

-40.1

337.3

24/01/2023

Lake Zone East

MU23-017

7213203

763991

-217

600.00

-44.1

347.2

3/04/2023

Lake Zone East

MU23-018

7213203

763986

-218

402.00

-44.7

355.3

14/03/2023

North Zone

MU22-018

7213275

763361

-301

600.50

-38.6

315.6

27/05/2022

North Zone

MU22-019

7213484

763481

-294

600.00

-43.2

351.8

20/06/2022

North Zone

MU22-020

7213484

763481

-293

167.00

-38.8

325.3

29/06/2022

North Zone

MU22-020A

7213484

763481

-293

234.20

-40.0

325.3

15/08/2022

North Zone

MU22-021

7213186

763275

-281

600.40

-25.7

322.0

2/06/2022

North Zone

MU22-023

7213186

763275

-283

600.20

-21.2

312.2

22/06/2022

North Zone

MU22-024

7213272

763359

-301

600.10

-33.1

312.3

11/08/2022

North Zone

MU22-025

7213272

763359

-301

600.40

-30.2

320.3

7/09/2022

North Zone

MU22-038

7213134

763289

-133

600.20

-24.0

320.6

22/10/2022

North Zone

MU22-039

7213134

763289

-133

603.45

-24.1

311.3

4/10/2022

North Zone

MU22-040

7213134

763289

-133

603.15

-24.0

298.3

12/11/2022

North Zone

MU22-041

7213134

763289

-133

591.10

-20.3

318.7

7/12/2022

North Zone

MU22-042

7213134

763289

-133

600.20

-16.8

306.8

30/12/2022

North Zone

MU23-019

7213132

763289

-132

511.00

-17.1

287.8

19/01/2023

North Zone

MU23-020

7213059

763236

-111

540.35

-20.6

304.2

28/03/2023

North Zone

MU23-021

7213059

763236

-111

527.50

-19.1

288.3

8/03/2023

North Zone

MU23-022

7213059

763236

-111

535.00

-19.9

298.3

19/02/2023

North Zone

MU23-023

7213059

763236

-111

363.50

-14.5

295.3

2/02/2023

North Zone

MU23-024

7213058

763237

-111

395.40

-17.0

277.8

15/04/2023

Notes:

1. Coordinate System: SWEREF 99

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/mandalay-resources-reports-encouraging-near-mine-exploration-results-from-the-eastern-extension-and-north-zone-drilling-programs-301879132.html

SOURCE Mandalay Resources Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2023/18/c2236.html

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