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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 ganndolphon Oct 09, 2019 11:33pm
173 Views
Post# 30215124

RE:RE:Bjorkdal set up for a reocrd Q3 2019 blow out quarter?

RE:RE:Bjorkdal set up for a reocrd Q3 2019 blow out quarter?ResourceInv,
Average ore grades above 2 g/t have happened in the recent past. In Q4 2017, all three months had average underground ore grades above 2 g/t, and in December 2017 the average underground ore grade was 2.75 g/t!  So it has happened before.

When I compare the 3 levels at Aurora that were developed in June 2019 and then look at the 5 levels of development in September, my conclusion is that 30,000 metric tons of ore were extracted from that Aurora zone development in Q3. So I am guessing that there could have been 60,000 metric tons of stoped ore produced out of the high grade Aurora Zone.  If so, we could be looking at  up to half of Q3 production coming from the Aurora zone.  If that is the case, then my numbers from my previous post would be low.  Not high.
Bullboard Posts