Mandalay Resources (TSE:MND) has released an update.
Mandalay Resources Corporation reports promising gold discovery with successful drilling results at regional targets near Björkdal Mine in Sweden, revealing high-grade gold intercepts and significant mineralization continuity. The exploration campaign identified several areas with similar characteristics to the notable Boliden deposit, with results including 5.3 g/t gold over 7.05m at Lapptjärn and 14.9 g/t gold over 0.5m at Granholm, indicating substantial expansion potential for the company’s gold resources.
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