Mandalay Resources Corp. (TSX:MND, OTCQB:MNDJF) has provided an update on the eastern extension drilling from the North Zone drilling program at its Björkdal operation in Sweden, which included what it called “significant intercepts” such as 155.0 grams per tonne (g/t) gold over 0.8 metres (m).
The junior mining company said during the first half of 2022, underground exploration at Björkdal has been focused on further defining the Eastern Plunge extension veining and investigating the breadth and grade of mineralization to the north of Aurora within the North Zone.
“We expect these results will increase our 2022 year-end Mineral Reserves,” Mandalay Resources CEO Dominic Duffy said in a statement.
READ: Mandalay Resources highlights early success of Robinson drilling campaign at Costerfield operation
“The latest round of drilling is ongoing and is aimed at infilling known veining and testing for the lateral and vertical extents,” Duffy added.
Mandalay noted that so far, the drilling supports the interpreted veining previously tested and suggests concentration of veining about 450m north of Aurora where the best grades of the prospect have been recovered in MU22-002.
It added that lateral extension drilling is not far progressed, however, there are indications that the trend could span 750m.
The company also reported that drilling at the Eastern Extension has now identified veining of mineable grades up to 400m down plunge from the current underground infrastructure, with results that included 14.7 g/t gold over 4.1m.
Drilling and development of both areas of interest will be ongoing through 2022, aiming to increase reserves and setting up the next high tonnage and grade development area for the Björkdal Mine, according to the company.
Mandalay released a video prepared by its vice president of operational geology and exploration, Chris Davis, to further explain the information in this release, which can be found here.
Mandalay Resources is a natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Bjorkdal gold mine).
Contact Sean at sean@proactiveinvestors.com