Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Apr 24, 2019 4:31pm
54 Views
Post# 29666213

RE:RE:RE:RE:2.63M shares on ASK at 11.5 cents

RE:RE:RE:RE:2.63M shares on ASK at 11.5 centsCorrect me if I'm wrong, we are waiting for updates 18 drill holes at Bjorkdal as identified in the investor presentation. Some marked "assays pending" at the time the presentation was released. As per my conservation, I was informed the grade and width increases with depth. This lead me to ask about the source of the gold -> to be determined. This is where deeper drilling with DH geophysics would shed more light on the source and grades.

As pointed out by you, the "Lake North Zone" and Aurora Zone could be pitable. And, I agree with gandolph on the merits of the Bjorkdal mill over the Costerfield mill. I wouldn't discount the further upside on Bjorkdal operation.

I see drilling in three specific areas at Costerfield:

1) Youle lode
2) 1200m deep hole drilliing (3 to 4 holes as per the presentation)
3) True Blue, Brown’s Diggings Robinson’s Reef.

The priority will be on drilling the Youle load and the four 1200m deep holes, of which 2 are under the Youle lode. I was told drilling should have commenced on the 4 deep holes at approx. $450K per hole. This may include assays??



Bullboard Posts