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Mandalay Resources Corp. T.MND

Alternate Symbol(s):  MNDJF

Mandalay Resources Corporation is a Canada-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Bjorkdal gold mine). The Company’s operations include the Costerfield mine, Bjorkdal mine, and non-core operations. The Costerfield mine operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 kilometers (km) northeast of the town of Heathcote, Victoria. The Bjorkdal operation is located within the Boliden mining district, approximately 28 km northwest of the municipality of Skelleftea and approximately 750 km north of Stockholm. The Company’s non-core properties include La Quebrada and Lupin. The Company's La Quebrada is a copper-silver development property located in the Coquimbo Region of Chile, neighboring the Minera San Geronimo owned Tugal open pit.


TSX:MND - Post by User

Comment by Nick2021on Jun 09, 2022 9:54pm
207 Views
Post# 34745889

RE:Intersects 1,780 g/t Gold Over 0.17 m

RE:Intersects 1,780 g/t Gold Over 0.17 mThe grade is great -- at Costerfield, their stopes are a minimum of 1.8 meters.  This means that a width of 1.8 meters means that grade is what gets mined.  

This is 1780 g/t a width of .17 meters, which is almost 10% of 1.8 meters (math here is approximate).  That means that when they convert this into reserves, or mine it, it is functionally 178 g/t.  Needless to say, that's terrific.  A network of extensive veins at that grade will be a huge boost to reserves.  
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