Mandalay Resources Corporation Announces Filing of Annual Information Form and Updated NI 43-101 Technical Reports For its Björkdal and Costerfield Operations
31 Mars 2022 - 10:31PM
Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX:
MND, OTCQB: MNDJF) announces that it has filed its Annual
Information Form for the year ended December 31, 2021. The Annual
Information Form can be accessed under the Company’s profile at
www.sedar.com and on the Company’s website at
www.mandalayresources.com.
Mandalay has also filed an updated National
Instrument 43-101 compliant Technical Report ("NI 43-101")
documenting its recent work at its Björkdal gold mine in Sweden and
its Costerfield gold-antimony mine in Australia. These Technical
Reports can be accessed under the Company’s profile at
www.sedar.com and on the Company’s website at
www.mandalayresources.com.
The technical report for Costerfield, entitled
“Costerfield NI 43-101 Technical Report” (the “Costerfield
Technical Report”), was prepared by Mining Plus, and the Mineral
Resource Estimate was carried out under the supervision of Andrew
Fowler, MAusIMM CP (Geo), an employee of Mining Plus and
independent of Mandalay. He is a Qualified Person for the purpose
of National Instrument 43-101. The Mineral Reserve Estimate was
carried out under the supervision of Aaron Spong, FAusIMM CP(Min),
an employee of Mining Plus and independent of Mandalay. He is a
Qualified Person for the purposes of NI 43-101.
The technical report for Björkdal entitled
“Björkdal NI 43-101 Technical Report” (the “Björkdal Technical
Report”) was prepared by Mining Plus and the Mineral Resource
Estimate was carried out under the supervision of Andrew Fowler,
MAusIMM CP (Geo), an employee of Mining Plus and independent of
Mandalay. He is a Qualified Person for the purpose of NI 43-101.
The Independent Qualified Person for Norrberget Mineral Resource
estimate is Reno Pressacco, P.Geo., Principal Geologist with SLR
Consulting Ltd. (“SLR”), who is a Qualified Person as defined by NI
43-101. The Mineral Reserve Estimate was independently verified by
Aaron Spong, FAusIMM CP (Min), an employee of Mining Plus and
independent of Mandalay. He is a Qualified Person for the purposes
of NI 43-101. The Independent Qualified Person for the Norrberget
Mineral Reserve estimate is Rick Taylor, MAusIMM (CP), Principal
Mining Engineer with SLR, who is a Qualified Person as defined by
NI 43-101.
For Further Information:
Dominic DuffyPresident and Chief Executive
Officer
Edison NguyenDirector, Business Valuations and
IR
Contact: 647.260.1566
About Mandalay Resources
Corporation:
Mandalay Resources is a Canadian-based natural
resource company with producing assets in Australia (Costerfield
gold-antimony mine) and Sweden (Björkdal gold mine). The Company is
focused on growing its production and reducing costs to generate
significant positive cashflow. Mandalay is committed to operating
safely and in an environmentally responsible manner, while
developing a high level of community and employee engagement.
Mandalay Resources (TSX:MND)
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