Mandalay Resources Discovers High-Grade Skarn and Provides Update on Near Mine Exploration at Björkdal

Core Insights - Mandalay Resources Corporation reports ongoing exploration success at its Björkdal mine in Sweden, highlighting the discovery of a new high-grade skarn zone that could enhance mill feed in the near term [1][3] - Infill and extension drilling at the Main (Eastern Extension) and North Zones are yielding results above expectations, indicating strong potential for resource growth [1][3] Exploration Highlights - The newly discovered North Zone Below Marble features consistent high-grade veining approximately 200 meters north of the current underground mine [3] - The Lake Zone Skarn discovery shows promising short-term production potential with significant gold grades, including 34.2 g/t over 9.20 m and 16.2 g/t over 19.00 m [6][8] - Infill drilling at the Main Zone confirms consistent mineralization down to 870 m, with notable intercepts of 10.8 g/t over 9.60 m and 15.2 g/t over 3.10 m [6][14] Future Plans - The company plans to focus on definition drilling at the Lake Zone Skarn, ongoing programs at the Main Zone, and an 8,000-meter drill campaign at Storheden to expand and upgrade resources [4][27] - Drilling will continue in the second half of 2025, targeting both the North Zone and Main Zone extension projects to expand the mining inventory [27][28] Technical Details - The exploration program includes a rigorous QA/QC process for sample preparation and assaying, ensuring the reliability of results [29][30] - Significant intercepts from the drilling programs are documented, showcasing high-grade gold mineralization across various zones [35][38][41]