Mandalay Resources Corp. T.MND

Alternate Symbol(s): MNDJF

Metals & Mining Gold

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).

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Mandalay Resources Corp. > Annual Information Form and Updated NI 43-101

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Post by SilentRiveron Apr 01, 2021 4:57am

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Annual Information Form and Updated NI 43-101

Mandalay Resources Corporation Announces Filing of Annual Information Form and Updated NI 43-101 Technical Reports For its Bjrkdal and Costerfield Projects

TORONTO, March 31, 2021 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) announces that it has filed its Annual Information Form for the year ended December 31, 2020. The Annual Information Form can be accessed under the Company’s profile at www.sedar.com and on the Company’s website at www.mandalayresources.com.

Mandalay has also filed an updated National Instrument 43-101 compliant Technical Report ("NI 43-101") documenting its recent work at its Bjrkdal gold mine in Sweden and its Costerfield gold-antimony mine in Australia. These Technical Reports can be accessed under the Company’s profile at www.sedar.com and on the Company’s website at www.mandalayresources.com.

The Technical Report for Bjrkdal entitled “Technical Report on the Bjrkdal Gold Mine, Sweden” was prepared by SLR Consulting Ltd. (“SLR”) and the Mineral Resource estimate was carried out under the supervision of Reno Pressacco, M.Sc.(A)., P.Geo., Principal Geologist and an employee of SLR and is independent of Mandalay. He is a Qualified Person for the purpose of NI 43-101. The Mineral Reserve estimate was carried out under the supervision of Rick Taylor, MAusIMM CP (Min), Principal Mining Engineer, Kathleen A. Altman, Ph.D., P.E. and Alessandra (Alex) Pheiffer, M.Sc., PrSciNat, all employees of SLR and are independent of Mandalay. They are all Qualified Persons for the purposes of NI 43-101.

The Technical Report for Costerfield, entitled “Mandalay Resources - Costerfield Property NI 43-101 Technical Report”, was prepared by Mining Plus, and the Mineral Resource estimate was carried out under the supervision of Andrew Fowler, MAusIMM CP (Geo), an employee of Mining Plus and is independent of Mandalay. He is a Qualified Person for the purpose of National Instrument 43-101. The Mineral Reserve estimate was carried out under the supervision of Aaron Spong, MAusIMM CP (Min) and Simon Walsh, BSc (Extractive Metallurgy & Chemistry), MAusIMM CP(Met), both employees of Mining Plus and are independent of Mandalay. They are both Qualified Persons for the purposes of NI 43-101.

For Further Information:

Dominic Duffy
President and Chief Executive Officer

Edison Nguyen
Manager, Analytics and Investor Relations

Contact:
647.260.1566

About Mandalay Resources Corporation:

Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia and Sweden, and care and maintenance and development projects in Chile. The Company is focused on growing production at its gold and antimony operation in Australia, and gold production from its operation in Sweden to continue being a significant cash flow generating Company.