# Mandalay Intercepts Gold at Two Highly Prospective Targets Near the Bj&\#xF6;rkdal Mine, Sweden

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec

Original source: https://money.tmx.com/en/quote/MND/news/5379735680846145/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal

Publisher: tmx

Original announcement: 2024-06-05T11:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas 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 factor: High-grade gold intercepts at new regional targets

- Positive factor: Confirmation of mineralization continuity at Lapptjärn

- Positive factor: Robust QA/QC procedures and QP sign-off

- Positive factor: Identification of further exploration potential at Tarsnäs

- Negative factor: Intercepts are generally narrow

- Negative factor: Some holes returned no significant assays \(Nyholm, Tarsnäs\)

- Negative factor: 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

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: 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 Signed**

Polarity: positive

Story-specific tag

Definition: 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 Present**

Polarity: negative

Definition: 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 Undisclosed**

Polarity: negative

Definition: 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-1

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-0)

Granholm · gold

#### 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 factor: Narrow intercept

- Negative factor: Low grade for underground mining

Evidence · table

> 2.1

Context: 0.40

### GH-2

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-1)

Granholm · gold

#### 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 factor: High-grade gold intercept

- Positive factor: True width disclosed

- Negative factor: Very narrow intercept

Evidence · table

> 14.9

Context: 0.50

#### Rejected tags

**High Grade Narrow Intercept** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-2

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-2)

Granholm · gold

#### 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 factor: Narrow intercept

- Negative factor: Low grade for underground mining

Evidence · table

> 2.2

Context: 0.60

### GH-2

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-3)

Granholm · gold

#### 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 factor: Narrow intercept

- Negative factor: Low grade for underground mining

Evidence · table

> 2.5

Context: 0.45

### GH-3

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-4)

Granholm · gold

#### 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 factor: Moderate grade for underground mining

- Negative factor: Very narrow intercept

Evidence · table

> 5.4

Context: 0.55

### GH-3

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-5)

Granholm · gold

#### 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 factor: Narrow intercept

- Negative factor: Low grade for underground mining

Evidence · table

> 3.1

Context: 0.35

### LP-1

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-6)

Lapptjärn · gold

#### 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 factor: Low grade for underground mining

Evidence · table

> 1.0

Context: 1.75

### LP-1

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-7)

Lapptjärn · gold

#### 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 factor: Low grade for underground mining

Evidence · table

> 1.1

Context: 0.90

### LP-11

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-8)

Lapptjärn · gold

#### 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 factor: Moderate grade for underground mining

- Negative factor: Very narrow intercept

Evidence · table

> 4.5

Context: 0.60

### LP-12

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-9)

Lapptjärn · gold

#### 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 factor: Strong gold grade for underground mining

- Positive factor: True width disclosed

- Positive factor: Confirms down-dip continuity

- Negative factor: Narrow intercept

Evidence · table

> 8.7

Context: 0.70

#### Rejected tags

**True Width Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Extension** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-12

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-10)

Lapptjärn · gold

#### 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 factor: Narrow intercept

- Negative factor: Low grade for underground mining

Evidence · table

> 2.7

Context: 0.60

### LP-2

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-11)

Lapptjärn · gold

#### 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 factor: Narrow intercept

- Negative factor: Low grade for underground mining

Evidence · table

> 3.4

Context: 0.65

### LP-3

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-12)

Lapptjärn · gold

#### 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 factor: Moderate grade for underground mining

- Negative factor: Narrow intercept

Evidence · table

> 4.5

Context: 1.25

### LP-4

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-13)

Lapptjärn · gold

#### 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 factor: Narrow intercept

- Negative factor: Low grade for underground mining

Evidence · table

> 2.5

Context: 0.50

### LP-4

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-14)

Lapptjärn · gold

#### 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 factor: Low grade for underground mining

Evidence · table

> 1.3

Context: 0.50

### LP-6

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-15)

Lapptjärn · gold

#### 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 factor: Moderate grade for underground mining

- Negative factor: Very narrow intercept

Evidence · table

> 4.2

Context: 0.65

### LP-6

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-16)

Lapptjärn · gold

#### 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 factor: Narrow intercept

- Negative factor: Low grade for underground mining

Evidence · table

> 3.7

Context: 0.45

### LP-6

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-17)

Lapptjärn · gold

#### 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 factor: Strong gold grade for underground mining

- Positive factor: Significant intercept length

- Positive factor: High grade-thickness product

- Positive factor: True width disclosed

Evidence · table

> 5.3

Context: 7.05

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: 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 Disclosed** — Rejected; excluded from scoring

Polarity: positive

Definition: 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-6

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-18)

Lapptjärn · gold

#### 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 factor: Low grade for underground mining

Evidence · table

> 1.8

Context: 0.80

### LP-9

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-19)

Lapptjärn · gold

#### 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 factor: Low grade for underground mining

Evidence · table

> 1.4

Context: 0.60

### TN-2

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-20)

Tarsnäs · gold

#### 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 factor: Low grade for underground mining

Evidence · table

> 1.4

Context: 0.40

### TN-2

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-intercepts-gold-at-two-highly-prospective-targets-near-the-bj-xf6-rkdal--0253af1d-c9fb-44bd-baaa-a8ff5da86dec#fact-drill-facts-21)

Tarsnäs · gold

#### 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 factor: 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.