Mandalay Resources Corporation (TSE:MND) (OTCQB:MNDJF) revealed positive drill results from the Aurora target at its Björkdal gold mine in Sweden that highlighted the open plunge extension and an emerging new high-grade area.
The Canadian miner said Tuesday that extension drilling at Aurora returned results of 4.8 grams per ton (g/t) gold over around 2.5 metres in one hole and 2.7 g/t gold over 2.8 metres in another, indicating the plunge extent of Aurora is still open at depth.
Definition drilling to the east also revealed results of 8.1 g/t gold over a true width of 3 metres and 3 g/t gold over 3.5 metres.
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Further results also provided grade information on the stacked set of veins that are found in the footwall and hanging wall, where drilling returned values of 14.5 g/t gold over 2.9 metres, 38.7 g/t gold over 0.6 metres and 55.6 g/t gold over 0.3 metres.
North-South cross section illustrating the location and orientation of the new intercepts surrounding Aurora
Mandalay CEO Dominic Duffy told shareholders that the results come at a time when ore production from Aurora is ramping up and “becoming the most significant ore source” for its Swedish mining operation.
“With the exceptional grades seen at Aurora, its extension - both to the east and west - represents an important incremental step for Björkdal providing the foundation to bolster overall feed grade and extend mine life,” Duffy said in a statement. “We are also encouraged by some very high-grade intercepts of veins in close proximity to Aurora which will also be a focus of additional drilling going forward.”
Given the intricate nature of the vein system and gold enrichment in and around the area, Mandalay said it is necessary to conduct a targeted definition drilling program to optimize ore extraction at Björkdal.
Toronto-based Mandalay expects its extension campaign to continue into 2021.
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