Mandalay Intercepts Gold at Two Highly Prospective Targets Near the Björkdal Mine, Sweden

Original announcement by tmx on Jun 5, 2024

Bullish

Company: Mandalay Resources Corporation
Ticker: MND
Exchange: TSX
Region: Sweden
Primary commodity: Gold
Secondary commodities: None reported
Document categories: Drill results
Extracted: 2026-08-23 22:54:03 UTC

Minestarters Atlas analysis

Summary

Mandalay Resources announced successful drill results from regional exploration campaigns at Lapptjärn and Granholm, near its Björkdal Mine in Sweden. The program intercepted high-grade gold, including 5.3 g/t gold over 7.05 m at Lapptjärn and 14.9 g/t gold over 0.5 m at Granholm, confirming mineralization continuity. The company plans follow-up geophysical surveys at Lapptjärn and Tarsnäs to advance these prospective targets.

Reasoning: Mandalay Resources reported successful drill results from regional exploration near its Björkdal Mine, with high-grade gold intercepts at Lapptjärn and Granholm, confirming mineralization continuity and identifying further exploration potential. The program was conducted with robust QA/QC and QP oversight, though some intercepts were narrow and compositing rules could be more transparent.

Positive factors

High-grade gold intercepts at new regional targets
Confirmation of mineralization continuity at Lapptjärn
Robust QA/QC procedures and QP sign-off
Identification of further exploration potential at Tarsnäs

Negative factors

Intercepts are generally narrow
Some holes returned no significant assays (Nyholm, Tarsnäs)
Compositing cut-off grade and internal dilution rules not fully transparent

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 22

Atlas analysis — Mandalay Resources Corporation: Mandalay Intercepts Gold at Two Highly Prospective Targets Near the Björkdal Mine, Sweden

Classification and evidence

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: Mandalay's rigorous QA/QC program included the use of standard reference samples, blanks, duplicates, repeats, and internal laboratory quality assurance procedures.

Evidence · text

“Mandalay's rigorous QA/QC program included the use of standard reference samples, blanks, duplicates, repeats, and internal laboratory quality assurance procedures.”

QP/CP Signedpositive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: Chris Davis, Vice President of Operational Geology and Exploration at Mandalay Resources, is a Qualified Person as defined by NI 43-101 and has reviewed and approved the technical and scientific information.

Evidence · text

“Chris Davis , Vice President of Operational Geology and Exploration at Mandalay Resources, is a Chartered Professional of the Australasian Institute of Mining and Metallurgy (MAusIMM CP(Geo)), as well as a Member of the Australian Institute of Geoscientists (MAIG) and a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical and scientific information provided in this release.”

Deleterious Elements Presentnegative

Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.

Why it applies: Mineralization at Lapptjärn is associated with disseminated arsenopyrite, and Granholm has massive arsenopyrite, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: The document states a reporting threshold for composites below 0.5 g/t Au when diluted to 1 m, but does not explicitly disclose the cut-off grade or internal dilution rules used for compositing the reported intervals.

Evidence · text

“Composites that are below 0.5 g/t Au when diluted to 1 m are not reported in this table.”

Extracted facts

Stored fact records: 22. Some facts used in scoring do not have a stored record.

Drill Results (22)

GH-1Granholm · goldGrade: 2.1Grade Unit: g/tIntercept: 0.4 mView all details

Link to this fact

Identity

Hole ID: GH-1
Project: Granholm
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 2.1
Grade Unit: g/t
Intercept: 0.4 m
True Width: 0.31 m
From: 60 m
To: 60.4 m
Hole Depth: 199.1 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 759799
Northing: 7206791
CRS: SWEREF
Elevation: 193 m
Azimuth: 170 °
Dip: -45 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows weak gold grade over a very narrow width, indicating limited economic significance for underground mining, despite being from a new exploration target.

Negative factors

Narrow intercept
Low grade for underground mining

Evidence · table

“2.1”

Context: 0.40

GH-2Granholm · goldGrade: 14.9Grade Unit: g/tIntercept: 0.5 mView all details

Link to this fact

Identity

Hole ID: GH-2
Project: Granholm
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 14.9
Grade Unit: g/t
Intercept: 0.5 m
True Width: 0.38 m
From: 106.7 m
To: 107.2 m
Hole Depth: 199.9 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 759681
Northing: 7206778
CRS: SWEREF
Elevation: 188 m
Azimuth: 170 °
Dip: -45 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows a very high gold grade, approaching the exceptional threshold for underground mining, which is a strong positive for exploration, despite its narrow width.

Positive factors

High-grade gold intercept
True width disclosed

Negative factors

Very narrow intercept

Evidence · table

“14.9”

Context: 0.50

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

High Grade Narrow InterceptRejected · positive · Story-specific tag

No canonical definition is currently available.

Reason: The intercept of 14.9 g/t gold is very high grade, but the width is only 0.5 m, making it a narrow but significant finding.

Evidence · table

“14.9”

Context: 0.50

True Width DisclosedRejected · positive

Actual thickness perpendicular to structure is stated, not just downhole length.

Reason: The estimated true width of 0.38 m is explicitly stated for this intercept.

Evidence · table

“0.38”

Context: 0.50

GH-2Granholm · goldGrade: 2.2Grade Unit: g/tIntercept: 0.6 mView all details

Link to this fact

Identity

Hole ID: GH-2
Project: Granholm
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 2.2
Grade Unit: g/t
Intercept: 0.6 m
True Width: 0.39 m
From: 115.6 m
To: 116.2 m
Hole Depth: 199.9 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 759681
Northing: 7206778
CRS: SWEREF
Elevation: 188 m
Azimuth: 170 °
Dip: -45 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows weak gold grade over a very narrow width, indicating limited economic significance for underground mining, despite being from a new exploration target.

Negative factors

Narrow intercept
Low grade for underground mining

Evidence · table

“2.2”

Context: 0.60

GH-2Granholm · goldGrade: 2.5Grade Unit: g/tIntercept: 0.45 mView all details

Link to this fact

Identity

Hole ID: GH-2
Project: Granholm
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 2.5
Grade Unit: g/t
Intercept: 0.45 m
True Width: 0.32 m
From: 142 m
To: 142.45 m
Hole Depth: 199.9 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 759681
Northing: 7206778
CRS: SWEREF
Elevation: 188 m
Azimuth: 170 °
Dip: -45 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows weak gold grade over a very narrow width, indicating limited economic significance for underground mining, despite being from a new exploration target.

Negative factors

Narrow intercept
Low grade for underground mining

Evidence · table

“2.5”

Context: 0.45

GH-3Granholm · goldGrade: 5.4Grade Unit: g/tIntercept: 0.55 mView all details

Link to this fact

Identity

Hole ID: GH-3
Project: Granholm
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 5.4
Grade Unit: g/t
Intercept: 0.55 m
True Width: 0.35 m
From: 23.75 m
To: 24.3 m
Hole Depth: 200 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 759636
Northing: 7206906
CRS: SWEREF
Elevation: 186 m
Azimuth: 170 °
Dip: -45 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade for underground mining, but its very narrow width limits its overall materiality for exploration.

Positive factors

Moderate grade for underground mining

Negative factors

Very narrow intercept

Evidence · table

“5.4”

Context: 0.55

GH-3Granholm · goldGrade: 3.1Grade Unit: g/tIntercept: 0.35 mView all details

Link to this fact

Identity

Hole ID: GH-3
Project: Granholm
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 3.1
Grade Unit: g/t
Intercept: 0.35 m
True Width: 0.27 m
From: 32.05 m
To: 32.4 m
Hole Depth: 200 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 759636
Northing: 7206906
CRS: SWEREF
Elevation: 186 m
Azimuth: 170 °
Dip: -45 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows weak gold grade over a very narrow width, indicating limited economic significance for underground mining, despite being from a new exploration target.

Negative factors

Narrow intercept
Low grade for underground mining

Evidence · table

“3.1”

Context: 0.35

LP-1Lapptjärn · goldGrade: 1Grade Unit: g/tIntercept: 1.75 mView all details

Link to this fact

Identity

Hole ID: LP-1
Project: Lapptjärn
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 1
Grade Unit: g/t
Intercept: 1.75 m
True Width: 0.88 m
From: 82.6 m
To: 84.35 m
Hole Depth: 250.05 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 757994
Northing: 7208500
CRS: SWEREF
Elevation: 217 m
Azimuth: 75 °
Dip: -46 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows a low gold grade for underground mining, limiting its economic significance despite being from a new exploration target.

Negative factors

Low grade for underground mining

Evidence · table

“1.0”

Context: 1.75

LP-1Lapptjärn · goldGrade: 1.1Grade Unit: g/tIntercept: 0.9 mView all details

Link to this fact

Identity

Hole ID: LP-1
Project: Lapptjärn
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 1.1
Grade Unit: g/t
Intercept: 0.9 m
True Width: 0.78 m
From: 83.45 m
To: 84.35 m
Hole Depth: 250.05 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 757994
Northing: 7208500
CRS: SWEREF
Elevation: 217 m
Azimuth: 75 °
Dip: -46 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows a low gold grade for underground mining, limiting its economic significance despite being from a new exploration target.

Negative factors

Low grade for underground mining

Evidence · table

“1.1”

Context: 0.90

LP-11Lapptjärn · goldGrade: 4.5Grade Unit: g/tIntercept: 0.6 mView all details

Link to this fact

Identity

Hole ID: LP-11
Project: Lapptjärn
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 4.5
Grade Unit: g/t
Intercept: 0.6 m
True Width: 0.59 m
From: 18.3 m
To: 18.9 m
Hole Depth: 201.5 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 758098
Northing: 7208723
CRS: SWEREF
Elevation: 217 m
Azimuth: 235 °
Dip: -46 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade for underground mining, but its very narrow width limits its overall materiality for exploration.

Positive factors

Moderate grade for underground mining

Negative factors

Very narrow intercept

Evidence · table

“4.5”

Context: 0.60

LP-12Lapptjärn · goldGrade: 8.7Grade Unit: g/tIntercept: 0.7 mView all details

Link to this fact

Identity

Hole ID: LP-12
Project: Lapptjärn
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 8.7
Grade Unit: g/t
Intercept: 0.7 m
True Width: 0.66 m
From: 180.9 m
To: 181.6 m
Hole Depth: 281.9 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 758179
Northing: 7208765
CRS: SWEREF
Elevation: 199 m
Azimuth: 220 °
Dip: -45 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows a strong gold grade for underground mining and confirms down-dip continuity, which is a positive for exploration, despite its narrow width.

Positive factors

Strong gold grade for underground mining
True width disclosed
Confirms down-dip continuity

Negative factors

Narrow intercept

Evidence · table

“8.7”

Context: 0.70

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

True Width DisclosedRejected · positive

Actual thickness perpendicular to structure is stated, not just downhole length.

Reason: The estimated true width of 0.66 m is explicitly stated for this intercept.

Evidence · table

“0.66”

Context: 0.70

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: Hole LP-12 confirmed the down-dip continuation of mineralization, leaving the system open at depth.

Evidence · text

“the down-dip continuation of mineralization was confirmed by hole LP-12, leaving the system open at depth”

LP-12Lapptjärn · goldGrade: 2.7Grade Unit: g/tIntercept: 0.6 mView all details

Link to this fact

Identity

Hole ID: LP-12
Project: Lapptjärn
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 2.7
Grade Unit: g/t
Intercept: 0.6 m
True Width: 0.3 m
From: 201.9 m
To: 202.5 m
Hole Depth: 281.9 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 758179
Northing: 7208765
CRS: SWEREF
Elevation: 199 m
Azimuth: 220 °
Dip: -45 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows weak gold grade over a very narrow width, indicating limited economic significance for underground mining, despite being from a new exploration target.

Negative factors

Narrow intercept
Low grade for underground mining

Evidence · table

“2.7”

Context: 0.60

LP-2Lapptjärn · goldGrade: 3.4Grade Unit: g/tIntercept: 0.65 mView all details

Link to this fact

Identity

Hole ID: LP-2
Project: Lapptjärn
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 3.4
Grade Unit: g/t
Intercept: 0.65 m
True Width: 0.61 m
From: 118.45 m
To: 119.1 m
Hole Depth: 254.4 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 757909
Northing: 7208511
CRS: SWEREF
Elevation: 210 m
Azimuth: 65 °
Dip: -46 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows weak gold grade over a very narrow width, indicating limited economic significance for underground mining, despite being from a new exploration target.

Negative factors

Narrow intercept
Low grade for underground mining

Evidence · table

“3.4”

Context: 0.65

LP-3Lapptjärn · goldGrade: 4.5Grade Unit: g/tIntercept: 1.25 mView all details

Link to this fact

Identity

Hole ID: LP-3
Project: Lapptjärn
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 4.5
Grade Unit: g/t
Intercept: 1.25 m
True Width: 1.08 m
From: 35.25 m
To: 36.5 m
Hole Depth: 250.35 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 758209
Northing: 7208622
CRS: SWEREF
Elevation: 216 m
Azimuth: 230 °
Dip: -45 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade for underground mining, but its narrow width limits its overall materiality for exploration.

Positive factors

Moderate grade for underground mining

Negative factors

Narrow intercept

Evidence · table

“4.5”

Context: 1.25

LP-4Lapptjärn · goldGrade: 2.5Grade Unit: g/tIntercept: 0.5 mView all details

Link to this fact

Identity

Hole ID: LP-4
Project: Lapptjärn
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 2.5
Grade Unit: g/t
Intercept: 0.5 m
True Width: 0.32 m
From: 13.9 m
To: 14.4 m
Hole Depth: 251 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 758267
Northing: 7208619
CRS: SWEREF
Elevation: 206 m
Azimuth: 205 °
Dip: -44 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows weak gold grade over a very narrow width, indicating limited economic significance for underground mining, despite being from a new exploration target.

Negative factors

Narrow intercept
Low grade for underground mining

Evidence · table

“2.5”

Context: 0.50

LP-4Lapptjärn · goldGrade: 1.3Grade Unit: g/tIntercept: 0.5 mView all details

Link to this fact

Identity

Hole ID: LP-4
Project: Lapptjärn
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 1.3
Grade Unit: g/t
Intercept: 0.5 m
True Width: 0.38 m
From: 98.3 m
To: 98.8 m
Hole Depth: 251 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 758267
Northing: 7208619
CRS: SWEREF
Elevation: 206 m
Azimuth: 205 °
Dip: -44 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows a low gold grade for underground mining, limiting its economic significance despite being from a new exploration target.

Negative factors

Low grade for underground mining

Evidence · table

“1.3”

Context: 0.50

LP-6Lapptjärn · goldGrade: 4.2Grade Unit: g/tIntercept: 0.65 mView all details

Link to this fact

Identity

Hole ID: LP-6
Project: Lapptjärn
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 4.2
Grade Unit: g/t
Intercept: 0.65 m
True Width: 0.61 m
From: 27 m
To: 27.65 m
Hole Depth: 200.2 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 758140
Northing: 7208670
CRS: SWEREF
Elevation: 214 m
Azimuth: 230 °
Dip: -45 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade for underground mining, but its very narrow width limits its overall materiality for exploration.

Positive factors

Moderate grade for underground mining

Negative factors

Very narrow intercept

Evidence · table

“4.2”

Context: 0.65

LP-6Lapptjärn · goldGrade: 3.7Grade Unit: g/tIntercept: 0.45 mView all details

Link to this fact

Identity

Hole ID: LP-6
Project: Lapptjärn
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 3.7
Grade Unit: g/t
Intercept: 0.45 m
True Width: 0.42 m
From: 78.35 m
To: 78.8 m
Hole Depth: 200.2 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 758140
Northing: 7208670
CRS: SWEREF
Elevation: 214 m
Azimuth: 230 °
Dip: -45 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows weak gold grade over a very narrow width, indicating limited economic significance for underground mining, despite being from a new exploration target.

Negative factors

Narrow intercept
Low grade for underground mining

Evidence · table

“3.7”

Context: 0.45

LP-6Lapptjärn · goldGrade: 5.3Grade Unit: g/tIntercept: 7.05 mView all details

Link to this fact

Identity

Hole ID: LP-6
Project: Lapptjärn
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 5.3
Grade Unit: g/t
Intercept: 7.05 m
True Width: 5.4 m
From: 79.8 m
To: 86.85 m
Hole Depth: 200.2 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 758140
Northing: 7208670
CRS: SWEREF
Elevation: 214 m
Azimuth: 230 °
Dip: -45 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept represents a significant high-grade gold zone with a strong grade-thickness product, making it a highly material and positive result for exploration, with true width disclosed.

Positive factors

Strong gold grade for underground mining
Significant intercept length
High grade-thickness product
True width disclosed

Evidence · table

“5.3”

Context: 7.05

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

Exceptionally high-grade zone, well above the deposit-type norm.

Reason: The intercept of 5.3 g/t gold over 7.05 m results in a grade-thickness product of 37.365 g/t·m, which exceeds the moderate threshold (30 g/t·m) for gold.

Evidence · table

“5.3”

Context: 7.05

True Width DisclosedRejected · positive

Actual thickness perpendicular to structure is stated, not just downhole length.

Reason: The estimated true width of 5.40 m is explicitly stated for this intercept.

Evidence · table

“5.40”

Context: 7.05

LP-6Lapptjärn · goldGrade: 1.8Grade Unit: g/tIntercept: 0.8 mView all details

Link to this fact

Identity

Hole ID: LP-6
Project: Lapptjärn
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 1.8
Grade Unit: g/t
Intercept: 0.8 m
True Width: 0.51 m
From: 128.55 m
To: 129.35 m
Hole Depth: 200.2 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 758140
Northing: 7208670
CRS: SWEREF
Elevation: 214 m
Azimuth: 230 °
Dip: -45 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows a low gold grade for underground mining, limiting its economic significance despite being from a new exploration target.

Negative factors

Low grade for underground mining

Evidence · table

“1.8”

Context: 0.80

LP-9Lapptjärn · goldGrade: 1.4Grade Unit: g/tIntercept: 0.6 mView all details

Link to this fact

Identity

Hole ID: LP-9
Project: Lapptjärn
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 1.4
Grade Unit: g/t
Intercept: 0.6 m
True Width: 0.46 m
From: 26 m
To: 26.6 m
Hole Depth: 233.4 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 758289
Northing: 7209201
CRS: SWEREF
Elevation: 197 m
Azimuth: 215 °
Dip: -60 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows a low gold grade for underground mining, limiting its economic significance despite being from a new exploration target.

Negative factors

Low grade for underground mining

Evidence · table

“1.4”

Context: 0.60

TN-2Tarsnäs · goldGrade: 1.4Grade Unit: g/tIntercept: 0.4 mView all details

Link to this fact

Identity

Hole ID: TN-2
Project: Tarsnäs
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 1.4
Grade Unit: g/t
Intercept: 0.4 m
True Width: 0.35 m
From: 44.8 m
To: 45.2 m
Hole Depth: 250.65 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 760659
Northing: 7205902
CRS: SWEREF
Elevation: 194 m
Azimuth: 305 °
Dip: -45 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows a low gold grade over a very narrow width, indicating limited economic significance for underground mining, despite being from a new exploration target.

Negative factors

Low grade for underground mining

Evidence · table

“1.4”

Context: 0.40

TN-2Tarsnäs · goldGrade: 1.7Grade Unit: g/tIntercept: 0.55 mView all details

Link to this fact

Identity

Hole ID: TN-2
Project: Tarsnäs
Commodity: gold
Region: sweden
Reported Region: Sweden
Ticker: MND

Geometry

Grade: 1.7
Grade Unit: g/t
Intercept: 0.55 m
True Width: 0.48 m
From: 48.5 m
To: 49.05 m
Hole Depth: 250.65 m

Classification

Deposit Type: orogenic
Program: exploration
Sample Type: drill
Mining Method: underground

Location

Easting: 760659
Northing: 7205902
CRS: SWEREF
Elevation: 194 m
Azimuth: 305 °
Dip: -45 °
Loc. Confidence: high

QA/QC

Laboratory: CRS Laboratories Oy
QA/QC Disclosed: Yes
Lab Certified: No
QP Signed: Yes
QA/QC Methods: standard_reference_samples, blanks, duplicates, repeats

Deleterious

Deleterious Flag: Yes
Deleterious Elements: arsenic

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-06-05T00:00:00.000Z

Reasoning: This intercept shows a low gold grade over a very narrow width, indicating limited economic significance for underground mining, despite being from a new exploration target.

Negative factors

Low grade for underground mining

Evidence · table

“1.7”

Context: 0.55

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.