Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • Data Privacy
  • Français
  • my CNW 
    • Login
    • Register
  • Client Login 
    • Online Member Centre
    • Next Gen Communications Cloud
    • Cision Communications Cloud®
  • Sign Up
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
Advanced Search
  • News in Focus
      • Browse News Releases

      • All News Releases
      • All Public Company
      • News Releases Overview

      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
      • Multimedia Gallery Overview

      • Trending Topics

      • All Trending Topics
  • Business
      • Auto & Transportation

      • All Automotive & Transportation
      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • Auto & Transportation Overview

      • View All Auto & Transportation

      • Business Technology

      • All Business Technology
      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • Business Technology Overview

      • View All Business Technology

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Financial Services & Investing

      • All Financial Services & Investing
      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • Financial Services & Investing Overview

      • View All Financial Services & Investing

      • General Business

      • All General Business
      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • General Business Overview

      • View All General Business

  • Science & Tech
      • Consumer Technology

      • All Consumer Technology
      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • Consumer Technology Overview

      • View All Consumer Technology

      • Energy & Natural Resources

      • All Energy
      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • Energy & Natural Resources Overview

      • View All Energy & Natural Resources

      • Environ­ment

      • All Environ­ment
      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • Environ­ment Overview

      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • All Heavy Industry & Manufacturing
      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • Heavy Industry & Manufacturing Overview

      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • All Telecomm­unications
      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • Telecomm­unications Overview

      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • All Consumer Products & Retail
      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • Consumer Products & Retail Overview

      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Health

      • All Health
      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • Health Overview

      • View All Health

      • Sports

      • All Sports
      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • Sports Overview

      • View All Sports

      • Travel

      • All Travel
      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • Travel Overview

      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • All Policy & Public Interest
      • Advocacy Group Opinion
      • Animal Welfare
      • Canadian Federal Government
      • Canadian Municipal Government
      • Canadian Provincial Government
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • Policy & Public Interest Overview

      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • All People & Culture
      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • People & Culture Overview

      • View All People & Culture

  • Advanced Search
  • Overview
  • Multichannel Amplification
  • Monitoring
  • Distribution
  • Multimedia
  • Guaranteed Paid Placement
  • AI Tools
  • IR
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media
  • Worldwide Offices
  • Hamburger menu
  • Cision Canada
  • Send a Release
  • FR
    • Phone

    • 877-269-7890 from 8 AM - 10 PM ET

    • ALL CONTACT INFO
    • Contact Cision

      877-269-7890
      from 8 AM - 10 PM ET

  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
    • Trending Topics
  • Business
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • Overview
  • Multichannel Amplification
  • Monitoring
  • Distribution
  • Multimedia
  • Guaranteed Paid Placement
  • AI Tools
  • IR
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media
  • Worldwide Offices
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR

Mandalay Resources Corporation extends mineralized zones at its Costerfield gold-antimony mine, Australia


News provided by

Mandalay Resources Corporation

Jan 07, 2013, 07:30 ET

Share this article

Share toX

Share this article

Share toX

View PDF
View PDF
View PDF
View PDF

TORONTO, Jan. 7, 2013 /CNW/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) is pleased to provide drilling results from its 100%-owned Costerfield gold-antimony mine in Victoria, Australia. Results presented here were acquired between the cutoff date for the Company's previous exploration update for Costerfield on July 9, 2012 and December 31, 2012.

Highlights include:

  • N-Lode - New, widely spaced drill intercepts have confirmed much of the northward extension of the N-Lode mineralization toward the previously reported high-grade intercept located approximately 300 metres ("m") north of the previous limit of Inferred Mineral Resources. Infill drilling and mine development sampling in the area of the previously Inferred Resources has increased confidence in the resource and is supporting ongoing successful mining.

  • Cuffley Lode - New, widely spaced drill intercepts have confirmed partial southward and depth extension of Cuffley mineralization toward previously reported high-grade intercepts approximately 100 m south of and approximately 150 m below the previous limit of Inferred Mineral Resources.  Closely spaced infill drilling of two panels within the Cuffley Inferred Resource has established short-range continuity of the mineralization.

  • W-Lode - Infill drilling and development sampling in the area of previously Inferred Mineral Resource has increased confidence in the minability of W-Lode. Capital development to the 860 m level continues. A new vein intercept approximately 150 m below the previous limits of drilling, though itself of low-grade, suggests further exploration potential at depth.

These new drill results will be incorporated in an independent NI 43-101 compliant technical report updating Mineral Resources and Reserves, planned for release in the first quarter of 2013.

Brad Mills, CEO of Mandalay, commented, "We continue to achieve significant exploration success at Costerfield. In extending the drilled areas of high-grade gold and antimony mineralization in the N-Lode to the north and Cuffley to the south, we have not only demonstrated the potential for a larger resource than previously estimated, but also shown at least 300 m of strike length overlap of the two veins.  This new geometry requires careful reconsideration of capital development and mine design for Costerfield, which we expect will ultimately support significant improvements in the amount, timing, and rate of mill feed relative to previous concepts. Given this rapidly changing picture, we have postponed completion of the Preliminary Economic Analysis on the Cuffley project.  We will incorporate all of the currently reported drilling, plus further infill and extension drilling planned on Cuffley over the next two quarters, into a capital development plan and decision by mid-year 2013, accompanied by a determination of the optimum mining and processing rate."

Costerfield drilling, sampling, and assaying

During the second half of 2012, Mandalay drilled 11,712 m in 50 holes for a total investment of approximately US$2.3 million. In addition, the Company completed 2,726 m of on-vein operating development and associated sampling of the E-, W- and N-Lodes in the Augusta mine.

Drill core was logged and sampled by Costerfield geologists, who also performed mine sampling of the development advances.  All samples were sent to Onsite Labs in Bendigo, Victoria, Australia, for sample preparation and assay. Site geological and metallurgical personnel have implemented a QA/QC process that includes the regular submission of standard reference materials and blanks with drill and face samples submitted for assay. Standard reference materials have been certified by Geostats Pty Ltd. (see March 2012 technical report entitled "Mandalay Resources Corporation: Costerfield (Augusta) Gold-Antimony Mine: Mineral Resource and Mineral Reserve Estimate", available on SEDAR (www.sedar.com), which contains a complete description of drilling, sampling, and assaying procedures.)

Costerfield drill results

For the locations of the N-Lode, Cuffley Lode, and W-Lode, click here for Figure 1.

N-Lode

Drilling results for N-Lode appear in Table 1.  Click here for Figure 2, which displays drill results and mine sampling results in long section.

Table 1:  N-Lode drill results

Hole
ID
Hole
Completion
Depth
(m)
Hole
Completion
Date
Intercept
Northing
(Mine Grid)
(m)
Intercept
Easting
(Mine Grid)
(m)
RL
(Mine Grid)
(m)
*True
Width
(m)
Gold
Grade
(g/t)
Antimony
Grade
(%)
MH258 196.3 26/Mar/12 4487 15318 884 0.93 18.0 5.1
MH259 195.4 3/Apr/12 4367.6 15285.2 916.9 0.55 3.5 0.3
MH261 185.5 23/May/12 4458 15305 911 0.12 70.2 0.2
MH262 272.5 4/Jun/12 4404.5 15302.0 889.2 0.08 1.6 4.3
MH263 225.2 7/Jun/12 4451.0 15305.8 870.6 0.60 0.5 0.0
MH264 143.3 2/Jul/12 4582.5 15318.5 1028.9 0.74 15.2 15.2
MH265 147.4 5/Jul/12 4601.8 15316.7 995.5 2.72 13.3 6.7
MH266 141.1 10/Jul/12 4622.5 15324.8 1018.4 0.10 27.5 15.3
MH267 230.7 16/Jul/12 4563.1 15298.4 873.6 0.92 28.8 23.9
MH268 162.8 14/Jun/12 4560.3 15310.4 977.0 0.36 27.4 2.5
MH269 157.2 20/Jun/12 4563.7 15299.6 937.3 1.14 11.4 1.3
MH270 210.0 26/Jun/12 4559.9 15300.2 902.3 0.92 25.7 14.7
MH274 150.2 18/Jul/12 4616.2 15298.1 967.8 0.04 13.8 6.5
MH275 190.1 30/Jul/12 4615.0 15295.2 918.3 0.37 37.9 27.9
MH276 199.2 2/Aug/12 4611.5 15302.5 880.1 0.73 3.1 0.8
MH273 332.0 8/Aug/12 4612.8 15312.8 1065.2 0.07 1.1 2.0
AD027 327.7 21/Jun/12 4697.8 15335.9 1003.1 0.13 56.1 36.7
AD028 380.5 16/Jul/12 4730.9 15334.8 927.9 0.76 4.5 4.6
AD024 471.0 20/Aug/12 4847.0 15367.0 1109.0 0.43 3.3 1.1
MH298 168.3 17/Oct/12 4530.1 15303.9 960.8 0.47 150.10 30.90
MH299 171.4 22/Oct/12 4533.0 15303.4 929.4 0.28 181.90 0.97
MH300 187.8 24/Oct/12 4539.0 15305.9 900.9 0.19 8.28 6.80
MH314 189.2 12/Nov/12 4656.9 15342.5 1037.4 0.14 82.70 39.90
MH315 207.4 15/Nov/12 4660.5 15312.0 964.7 0.19 32.60 30.00
MH316 222.1 21/Nov/12 4658.9 15302.9 904.9 0.09 46.30 20.50
MH317 261.3 26/Nov/12 Assays Not Yet Received
MH318 285.3 28/Nov/12 Assays Not Yet Received
MB017 261.1 5/Oct/12 4785.8 15356.3 1046.4 0.26 13.8 16.0
MB018 402.3 30/Oct/12 4783.4 15342.8 942.5 0.05 7.78 4.79
MB020 256.8 15/Oct/12 4941.9 15365.7 1047.1 0.14 3.97 1.47
MB021 359.3 1/Nov/12 4936.4 15362.0 976.5 0.10 5.44 10.30
MB022
W2
353.5 3/Dec/12 4941.9 15358.3 891.2 0.08 31.5 0.48

*True width is a preliminary estimate only and may not reflect final true width used in resource estimate

On N-Lode, widely spaced drilling has generated multiple high-grade intercepts spanning the 300 m north-south gap between the limits of previously Inferred Resources (announced on July 9, 2012) and a high-grade intercept previously reported on the vein at approximately 4850 Northing.  The northern limit of N-Lode mineralization is currently understood to be represented by the vertical line of low-grade intercepts in MB020, MB021 and MB022 at approximately 4950 Northing.

In addition, closely spaced drilling and mine sampling at the southern end of N-Lode confirms and fills in the previous Inferred Resource.

With these reported results, the Company expects its 2012 Mineral Resource and Reserve estimate will include a significant increase in Inferred and Indicated Mineral Resources in N-Lode.

Cuffley Lode

Drilling results for Cuffley Lode appear in Table 2.  Click here for Figure 3, which displays drill results in long section.

Table 2:  Cuffley Lode drill results

Hole ID Hole
Completion
Depth
(m)
Hole
Completion
Date
Intercept
Northing
(Mine Grid)
(m)
Intercept
Easting
(Mine Grid)
(m)
RL
(Mine Grid)
(m)
*True
Width
(m)
Gold
Grade
(g/t)
Antimony
Grade
(%)
AD021 436.3 4/Jun/12 4604.9 15135.1 910.8 1.96 1.34 0.52
AD023W1 369.3 5/Jul/12 4763.5 15159.9 924.2 0.77 90.84 10.14
AD024 471.0 20/Aug/12 4851.2 15193.3 842.2 0.16 59.80 0.08
AD025 432.0 25/Jul/12 4768.0 15183.1 838.1 0.59 11.17 26.94
AD027 327.7 21/Jun/12 4738.0 15230.9 1102.6 0.25 8.45 6.70
AD028 380.5 13/Jul/12 4757.6 15224.6 1071.9 0.11 5.34 0.01
AD029 315.9 6/Sep/12 4856.1 15172.2 935.1 0.46 0.06 0.00
AD033 296.2 20/Sep/12 4945.7 15176.3 964.8 0.90 5.70 1.69
AD035 334.8 1/Aug/12 4994.8 15187.2 946.4 0.05 1.08 18.50
AD036 335.0 16/Aug/12 5032.6 15194.5 955.8 0.22 138.10 24.80
AD037 326.3 4/Sep/12 5048.1 15195.9 933.0 0.45 78.31 35.04
AD038 300.8 2/Oct/12 5068.2 15190.7 966.2 1.84 80.99 16.15
MH282 239.2 31/Oct/12 4493.4 15131.4 942.5 0.11 0.03 0.00
MH283 252.2 5/Nov/12 4494.4 15128.2 860.9 0.70 7.42 0.01

*True width is a preliminary estimate only and may not reflect final true width used in resource estimate

Holes AD021, AD023, AD024 and AD025 tested the Cuffley Lode toward two previously reported mineralized intercepts - one approximately 100 m south of, and the other approximately 150 m below, the previous limits of Inferred Resources. Encouraging results in these holes suggest that more drilling in this area, planned for the first half of 2013, will eventually delineate a significantly expanded resource, although only a modest increase is expected in the end-of-2012 estimation.

MH282 and MH283 are low-grade intercepts along the 4500 Northing. They may serve to bound the southern limit of Cuffley mineralization.

Holes AD033, AD035, AD036, AD037 and AD038 commenced closely spaced infill drilling on two mining panels to gain early confidence in continuity of grade and geology within the existing Cuffley Inferred Resource. Figure 3 shows that results were generally consistent with previous, widely spaced drilling.

W-Lode

Drilling results for W-Lode appear in Table 3.  Click here for Figure 4, which displays drill results and mine sampling results in long section.

MH 279, MH 280, MH 281 and MH284 were step-out holes designed to test extension of W-Lode at depth. The last of these, MH284, intersected W-Lode 130 m below the previous deepest intercept. It contains weakly mineralized vein material, which is interpreted to represent W- and/or N-Lodes offset by a possible low-angle fault. Future drilling to probe for high-grade segments below this fault is planned in 2013.

MH 258 through MH 263 were infill holes. These, in conjunction with geologic interpretations from underground mapping and sampling, increase confidence in the resource and provide support for optimized mining.

Table 3: W-Lode drill results

Hole ID Hole
Completion
Depth
(m)
Hole
Completion
Date
Intercept
Northing
(Mine Grid)
(m)
Intercept
Easting
(Mine Grid)
(m)
RL
(Mine Grid)
(m)
*True
Width
(m)
Gold
Grade
(g/t)
Antimony
Grade
(%)
MH258 196.3 26/Mar/12 4487.4 15318.0 883.9 0.42 47.5 12.8
MH259 195.4 3/Apr/12 4360.8 15302.1 924.9 0.18 9.0 4.7
MH261 185.5 23/May/12 4457.8 15307.9 912.7 0.10 1.2 7.3
MH262 272.5 4/Jun/12 4408.7 15309.5 895.2 0.19 4.4 3.4
MH263 225.2 7/Jun/12 4453.4 15318.1 882.6 0.14 11.4 18.7
MH279 338.6 6/Sep/12 4259.3 15273.4 902.0 0.47 9.48 0.00
MH280W1 130.5 12/Oct/12 4273.3 15283.8 935.7 1.54 7.41 1.18
MH284 387 10/Oct/12 4481.546 15252.56 698.247 0.19 0.25 0.07
MH281 184.9 26/Sep/12 No Significant Intersection

*True width is a preliminary estimate only and may not reflect final true width used in resource estimate

Qualified Person:

Chris Gregory, General Manager of Australasian Corporate Development and Exploration for Mandalay Resources, a Member of Australian Institute of Geoscientists (AIG) and a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical and scientific information contained in this release.

About Mandalay Resources Corporation:

Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia and producing and exploration projects in Chile. The Company is focused on executing a roll-up strategy, creating critical mass by aggregating advanced or in-production gold, copper, silver and antimony projects in Australia and the Americas to generate near-term cash flow and shareholder value.

Forward-Looking Statements:

This news release contains "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the Company's mineral Resources, mineral Reserves, the timing of an updated technical report for Costerfield, the Company's expectation of significant increases in mineral Resources and Reserves at Costerfield, anticipated changes to the Costerfield life of mine production estimates and the Company's planned 2013 exploration program. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in commodity prices and general market and economic conditions. The factors identified above are not intended to represent a complete list of the factors that could affect Mandalay. A description of additional risks that could result in actual results and developments differing from those contemplated by forward-looking statements in this news release can be found under the heading "Risk Factors" in Mandalay's annual information form dated March 30, 2012, a copy of which is available under Mandalay's profile at www.sedar.com. In addition, there can be no assurance that any current or future Inferred Resources that are discovered as a result of additional drilling will ever be upgraded to Proven or Probable Reserves.  Although Mandalay has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

PDF available at: http://stream1.newswire.ca/media/2013/01/07/20130107_C4214_DOC_EN_22298.pdf

PDF available at: http://stream1.newswire.ca/media/2013/01/07/20130107_C4214_DOC_EN_22299.pdf

PDF available at: http://stream1.newswire.ca/media/2013/01/07/20130107_C4214_DOC_EN_22300.pdf

PDF available at: http://stream1.newswire.ca/media/2013/01/07/20130107_C4214_DOC_EN_22301.pdf

SOURCE: Mandalay Resources Corporation

Bradford Mills
Chief Executive Officer

Greg DiTomaso
Investor Relations

Contact:
647.260.1566

Modal title

Organization Profile

Mandalay Resources Corporation

    Also from this source

  • Mandalay Resources Reports Discovery of a New Gold Domain at Björkdal

  • Mandalay Resources Announces 2025 Outlook and Guidance for Gold and Antimony Production

  • Mandalay Resources Reports Solid Q3 2024 Financials and Debt-Free Balance Sheet

Contact Cision

  • 866-245-2317
    from 8 AM - 10 PM ET
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media

Products

  • Cision Communications Cloud®
  • Media Monitoring
  • Content Distribution
  • Multimedia Distribution
  • Measurement & Analytics
  • Investor Relations

About

  • About Cision Canada
  • About Cision
  • Media Partners
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Online Member Centre
  • Next Gen Communications Cloud
  • Cision Communications Cloud®
  • my CNW

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Centre
  • Next Gen Communications Cloud
  • Cision Communications Cloud
  • my CNW
877-269-7890
from 8 AM - 10 PM ET
  • Terms of Use
  • Information Security Policy
  • Site Map
  • Cookie Settings
  • Accessibility Statement
Copyright © 2025 CNW Group Ltd. All Rights Reserved. A Cision company.