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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 Costerfield operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 km northeast of the town of Heathcote, Victoria. Youle and Shepherd are the main source of material for Costerfield. The Costerfield operation has a land package of approximately 1,219 hectares. 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 Bjorkdal mine produces ore from the Aurora zone underground mine, as well as from a stockpile of low-grade material accumulated over the course of its life of mine. The Bjorkdal operation has a land package of around 12,949 hectares. Its non-core properties include Lupin mines (Canada) and La Quebrada (Chile).


TSX:MND - Post by User

Bullboard Posts
Comment by Sherry35on Mar 25, 2019 1:18pm
98 Views
Post# 29532333

RE:RE:RE:RE:Costerfield NI43-101 Sec 9.6 Surface mapping ...

RE:RE:RE:RE:Costerfield NI43-101 Sec 9.6 Surface mapping ...ganndoplh - I now have the same opinion of the Bjorkdal NI43-101 report. The report indicates:

Target generation completed in 2015 and 2016 consisted of geophysical surveys and re-interpretation of existing geophysical magnetic and electric surveys. These surveys ranged from regional scale airborne surveys to high resolution downhole electric logging and had the objective to establish some geophysical characteristics indicative of mineralized rock systems in the greater Bjrkdal exploration land package.

and
In 2017, ground magnetic surveys and till sampling programs were expanded across high potential areas within the tenement package.

None of the data appears in the Bjorkdal NI report. The only indictaion, in my mind, of Fosterville like deposit at Bjorkdal, is the Au grades are improving with depth. The improved grades found in the Aurora deposit is at 600m.  I would like to see a drill program, or results from a quiescent program ;), for a small number of deep 1200m holes. Similar activity to Costerfield. This activity would firm up another Fosterville at MND.

So, the big boyz definitely have the inside track given the disclosed information of Costerfield in the investor presentation. It will be very interesting to see the results of future drillling at Bjorkdal.








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