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Mandalay Resources Corporation Announces Initial Drilling Results at its Costerfield Gold-Antimony Mine

^{Published on 2010-08-24 05:16:49 - Market Wire}
 

 ------------------------------------------------------------------------- New Drilling Intercepts ----------------------- ------------------------------------------------------------------------- Intercept Intercept Intercept Estimated Gold Antimony Hole Northing Easting Depth True Width Grade Grade ID (GDA94) (GDA94) (m) (m) (g/t) (%) ------------------------------------------------------------------------- MH198 5914154.1 304139.2 213.7 0.34 81 53.5 ------------------------------------------------------------------------- MH199 5914237.8 304110.8 262.8 4.20* 33.8 5.5 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Assay Data Included in the calculation of the above MH199 intercept. ------------------------------------------------------------------------- Down Hole Down Hole Interval Estimated Gold Antimony Hole Depth Depth Length True Width Grade Grade ID From (m) To (m) (m) (m) (g/t) (%) ------------------------------------------------------------------------- MH199 285.95 286.25 0.3 0.15 96.1 59.7 ------------------------------------------------------------------------- MH199 286.25 286.5 0.25 107.6 2.6 ------------------------------------------------------------------------- MH199 286.5 287.1 0.6 0.108 703.9 34.4 ------------------------------------------------------------------------- MH199 287.1 287.91 0.81 3.8 0.1 ------------------------------------------------------------------------- MH199 287.91 288.75 0.84 0.6 0.1 ------------------------------------------------------------------------- MH199 288.75 289.37 0.62 0.062 162.8 14.1 ------------------------------------------------------------------------- MH199 289.37 289.9 0.53 47.8 5.4 ------------------------------------------------------------------------- MH199 289.9 290.7 0.8 1.2 0.1 ------------------------------------------------------------------------- MH199 290.7 291.6 0.9 0.4 0 ------------------------------------------------------------------------- MH199 291.6 293.27 1.67 0 0 ------------------------------------------------------------------------- MH199 293.27 294 0.73 0.3 0.1 ------------------------------------------------------------------------- MH199 294 294.85 0.85 0.7 1.1 ------------------------------------------------------------------------- MH199 294.85 295.45 0.6 0.18 26.4 26.8 ------------------------------------------------------------------------- MH199 295.45 295.65 0.2 18.3 8.6 ------------------------------------------------------------------------- MH199 295.65 295.9 0.25 0.075 98.2 23 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Previously Drilled Intercepts Below Current Workings ---------------------------------------------------- ------------------------------------------------------------------------- Intercept Intercept Intercept Estimated Gold Antimony Hole Northing Easting Depth True Width Grade Grade ID (GDA94) (GDA94) (m) (m) (g/t) (%) ------------------------------------------------------------------------- MH165 5914213.2 304138.7 174.7 0.26 22.5 25.6 ------------------------------------------------------------------------- MH168 5914279.1 304128.2 167.8 0.81 30.8 16.2 ------------------------------------------------------------------------- MH173 5914129.9 304151.5 184.4 0.74 85.0 27.1 ------------------------------------------------------------------------- MH174 5914350.0 304088.3 198.1 0.05 29.5 29.7 ------------------------------------------------------------------------- MH176 5914245.8 304131.5 164.6 0.59 33.0 59.9 ------------------------------------------------------------------------- MH177 5914108.4 304162.0 159.4 0.20 36.1 16.6 ------------------------------------------------------------------------- MH178 5914166.5 304161.5 158.8 0.61 3.5 2.9 ------------------------------------------------------------------------- MH179 5914184 304122.5 237.5 0.140 67.8 45.4 ------------------------------------------------------------------------- MH182 5914145.4 304163.2 158.8 0.400 8.5 22.4 ------------------------------------------------------------------------- MH184 5914164.4 304141.7 184.9 0.220 71.3 40.5 ------------------------------------------------------------------------- * The true width of the intercept in MH199 is to be confirmed by follow up drilling.