# Mandalay Successfully Depth Tests the Bj&\#xF6;rkdal Norrberget Gold Deposit Intercepting 13.3 g/t Gold Over 5.5 Meters

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/mandalay-successfully-depth-tests-the-bj-xf6-rkdal-norrberget-gold-deposit-inter--d47f623d-3c8b-4bfc-9dff-93d20eeaa0d2

Original source: https://money.tmx.com/en/quote/MND/news/6265411672276352/mandalay-successfully-depth-tests-the-bj-xf6-rkdal-norrberget-gold-deposit-inter

Publisher: tmx

Original announcement: 2024-05-14T20:55:00.000Z

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 22:51:11 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Mandalay Resources announced successful depth testing at its Björkdal Norrberget gold deposit, extending the mineralization down-plunge by 80% with high-grade intercepts such as 13.3 g/t gold over 5.55 meters. The company also reported gold-bearing veining at the nearby Vidmyran target, highlighting significant regional exploration potential. These results are part of a broader regional exploration program at the Björkdal mine in Sweden.

Reasoning: Mandalay Resources successfully extended the Norrberget gold deposit down-plunge by 80% with high-grade intercepts, including 13.3 g/t gold over 5.55 m, and confirmed gold-bearing veining at the Vidmyran target, indicating significant growth potential supported by robust QA/QC and QP sign-off.

- Positive factor: Depth extension of known deposit

- Positive factor: High-grade gold intercepts

- Positive factor: True width disclosed for significant intercepts

- Positive factor: QA/QC procedures disclosed

- Positive factor: QP/CP signed off

Facts used in scoring: 11

## Classification and evidence

**Bonanza Intercept**

Polarity: positive

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

Why it applies: The intercept of 13.3 g/t gold over 5.55 m \(ETW 5.22m\) in NB23-004 and 17.5 g/t gold over 1.50 m \(ETW 1.41m\) in NB23-007, and 17.2 g/t gold over 1.30 m \(ETW 0.6m\) in VM22-001 are exceptionally high-grade for an orogenic gold deposit.

Evidence · text

> 13.3 g/t gold over 5.55 m \(ETW 5.22m \) in NB23-004; and 17.5 g/t gold over 1.50 m \(ETW 1.41m \) in NB23-007. Vidmyran 17.2 g/t gold over 1.30 m \(ETW 0.6m \) in VM22-001

**True Width Disclosed**

Polarity: positive

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

Why it applies: The document explicitly states 'ETW = Estimated True Width' and provides estimated true widths for all reported intercepts in Table 1.

Evidence · text

> ETW = Estimated True Width

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The drilling successfully extended the Norrberget deposit down-plunge by approximately 120 m or by an additional 80%, indicating an extension beyond the previously known limits.

Evidence · text

> Successfully extended the Norrberget deposit down-plunge by approximately 120 m or by an additional 80%

**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: The release details the use of standard reference samples, blanks, duplicates, repeats, and internal laboratory quality assurance procedures, and mentions samples were sent to CRS Laboratories Oy and MSALABS.

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, VP of Exploration and Operational Geology, is stated as 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 Qualified Person as defined by NI 43-101. He has reviewed and approved the technical and scientific information provided in this release.

## Extracted facts

Stored fact records: 11. Some facts used in scoring do not have a stored record.

## Drill Results (11)

### NB23-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-successfully-depth-tests-the-bj-xf6-rkdal-norrberget-gold-deposit-inter--d47f623d-3c8b-4bfc-9dff-93d20eeaa0d2#fact-drill-facts-0)

Norrberget · gold

#### Identity

- Hole ID: NB23-004
- Project: Norrberget
- Commodity: gold
- Region: sweden
- Reported Region: Sweden
- Ticker: MND

#### Geometry

- Grade: 1
- Grade Unit: g/t
- Intercept: 1.45 m
- True Width: 1.26 m
- From: 108.85 m
- To: 110.3 m
- Hole Depth: 182.6 m

#### Classification

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

#### Location

- Easting: 769155
- Northing: 7211970
- CRS: SWEREF
- Elevation: 124 m
- Azimuth: 140 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: CRS Laboratories Oy
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates, check\_assays

#### Review

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

#### Dates

- Event date: 2024-05-14T00:00:00.000Z

Reasoning: This intercept shows a low-grade gold value over a narrow width, but contributes to the overall understanding of the deposit's continuity and is supported by true width disclosure and robust QA/QC.

- Positive factor: True Width Disclosed

Evidence · table

> 1.0

Context: 1.45

### NB23-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-successfully-depth-tests-the-bj-xf6-rkdal-norrberget-gold-deposit-inter--d47f623d-3c8b-4bfc-9dff-93d20eeaa0d2#fact-drill-facts-1)

Norrberget · gold

#### Identity

- Hole ID: NB23-004
- Project: Norrberget
- Commodity: gold
- Region: sweden
- Reported Region: Sweden
- Ticker: MND

#### Geometry

- Grade: 13.3
- Grade Unit: g/t
- Intercept: 5.55 m
- True Width: 5.22 m
- From: 111.8 m
- To: 117.35 m
- Hole Depth: 182.6 m

#### Classification

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

#### Location

- Easting: 769155
- Northing: 7211970
- CRS: SWEREF
- Elevation: 124 m
- Azimuth: 140 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: CRS Laboratories Oy
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates, check\_assays

#### Review

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

#### Dates

- Event date: 2024-05-14T00:00:00.000Z

Reasoning: This is a bonanza-grade gold intercept over a significant true width, representing a successful depth extension of the Norrberget deposit, indicating strong potential for resource growth.

- Positive factor: Bonanza Intercept

- Positive factor: True Width Disclosed

- Positive factor: Step-Out Extension

Evidence · table

> 13.3

Context: 5.55

### NB23-004

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-successfully-depth-tests-the-bj-xf6-rkdal-norrberget-gold-deposit-inter--d47f623d-3c8b-4bfc-9dff-93d20eeaa0d2#fact-drill-facts-2)

Norrberget · gold

#### Identity

- Hole ID: NB23-004
- Project: Norrberget
- Commodity: gold
- Region: sweden
- Reported Region: Sweden
- Ticker: MND

#### Geometry

- Grade: 2.3
- Grade Unit: g/t
- Intercept: 2.1 m
- True Width: 1.61 m
- From: 127.3 m
- To: 129.4 m
- Hole Depth: 182.6 m

#### Classification

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

#### Location

- Easting: 769155
- Northing: 7211970
- CRS: SWEREF
- Elevation: 124 m
- Azimuth: 140 °
- Dip: -60 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: CRS Laboratories Oy
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates, check\_assays

#### Review

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

#### Dates

- Event date: 2024-05-14T00:00:00.000Z

Reasoning: This intercept provides moderate-grade gold over a narrow true width, contributing to the understanding of the deposit's continuity at depth.

- Positive factor: True Width Disclosed

Evidence · table

> 2.3

Context: 2.10

### NB23-005

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-successfully-depth-tests-the-bj-xf6-rkdal-norrberget-gold-deposit-inter--d47f623d-3c8b-4bfc-9dff-93d20eeaa0d2#fact-drill-facts-3)

Norrberget · gold

#### Identity

- Hole ID: NB23-005
- Project: Norrberget
- Commodity: gold
- Region: sweden
- Reported Region: Sweden
- Ticker: MND

#### Geometry

- Grade: 1.7
- Grade Unit: g/t
- Intercept: 4.5 m
- True Width: 3.69 m
- From: 134.2 m
- To: 138.7 m
- Hole Depth: 182.5 m

#### Classification

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

#### Location

- Easting: 769130
- Northing: 7212039
- CRS: SWEREF
- Elevation: 123 m
- Azimuth: 140 °
- Dip: -56 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: CRS Laboratories Oy
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates, check\_assays

#### Review

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

#### Dates

- Event date: 2024-05-14T00:00:00.000Z

Reasoning: This intercept shows moderate-grade gold over a reasonable true width, supporting the continuity of mineralization at Norrberget.

- Positive factor: True Width Disclosed

Evidence · table

> 1.7

Context: 4.50

### NB23-006

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-successfully-depth-tests-the-bj-xf6-rkdal-norrberget-gold-deposit-inter--d47f623d-3c8b-4bfc-9dff-93d20eeaa0d2#fact-drill-facts-4)

Norrberget · gold

#### Identity

- Hole ID: NB23-006
- Project: Norrberget
- Commodity: gold
- Region: sweden
- Reported Region: Sweden
- Ticker: MND

#### Geometry

- Grade: 2
- Grade Unit: g/t
- Intercept: 4.5 m
- True Width: 3.9 m
- From: 130.65 m
- To: 135.15 m
- Hole Depth: 203.7 m

#### Classification

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

#### Location

- Easting: 769130
- Northing: 7212039
- CRS: SWEREF
- Elevation: 123 m
- Azimuth: 150 °
- Dip: -50 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: CRS Laboratories Oy
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates, check\_assays

#### Review

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

#### Dates

- Event date: 2024-05-14T00:00:00.000Z

Reasoning: This intercept shows moderate-grade gold over a reasonable true width, supporting the continuity of mineralization at Norrberget.

- Positive factor: True Width Disclosed

Evidence · table

> 2.0

Context: 4.50

### NB23-007

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-successfully-depth-tests-the-bj-xf6-rkdal-norrberget-gold-deposit-inter--d47f623d-3c8b-4bfc-9dff-93d20eeaa0d2#fact-drill-facts-5)

Norrberget · gold

#### Identity

- Hole ID: NB23-007
- Project: Norrberget
- Commodity: gold
- Region: sweden
- Reported Region: Sweden
- Ticker: MND

#### Geometry

- Grade: 17.5
- Grade Unit: g/t
- Intercept: 1.5 m
- True Width: 1.41 m
- From: 120.8 m
- To: 122.3 m
- Hole Depth: 163.8 m

#### Classification

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

#### Location

- Easting: 769093
- Northing: 7212045
- CRS: SWEREF
- Elevation: 122 m
- Azimuth: 170 °
- Dip: -44 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: CRS Laboratories Oy
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates, check\_assays

#### Review

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

#### Dates

- Event date: 2024-05-14T00:00:00.000Z

Reasoning: This is a bonanza-grade gold intercept over a narrow but significant true width, contributing to the successful depth extension of the Norrberget deposit.

- Positive factor: Bonanza Intercept

- Positive factor: True Width Disclosed

- Positive factor: Step-Out Extension

Evidence · table

> 17.5

Context: 1.50

### NB23-007

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-successfully-depth-tests-the-bj-xf6-rkdal-norrberget-gold-deposit-inter--d47f623d-3c8b-4bfc-9dff-93d20eeaa0d2#fact-drill-facts-6)

Norrberget · gold

#### Identity

- Hole ID: NB23-007
- Project: Norrberget
- Commodity: gold
- Region: sweden
- Reported Region: Sweden
- Ticker: MND

#### Geometry

- Grade: 2.5
- Grade Unit: g/t
- Intercept: 0.5 m
- True Width: 0.47 m
- From: 138.5 m
- To: 139 m
- Hole Depth: 163.8 m

#### Classification

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

#### Location

- Easting: 769093
- Northing: 7212045
- CRS: SWEREF
- Elevation: 122 m
- Azimuth: 170 °
- Dip: -44 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: CRS Laboratories Oy
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates, check\_assays

#### Review

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

#### Dates

- Event date: 2024-05-14T00:00:00.000Z

Reasoning: This intercept shows a low-grade gold value over a very narrow true width, contributing to the overall geological understanding but with limited individual materiality.

- Positive factor: True Width Disclosed

Evidence · table

> 2.5

Context: 0.50

### NB23-008B

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-successfully-depth-tests-the-bj-xf6-rkdal-norrberget-gold-deposit-inter--d47f623d-3c8b-4bfc-9dff-93d20eeaa0d2#fact-drill-facts-7)

Norrberget · gold

#### Identity

- Hole ID: NB23-008B
- Project: Norrberget
- Commodity: gold
- Region: sweden
- Reported Region: Sweden
- Ticker: MND

#### Geometry

- Grade: 3.5
- Grade Unit: g/t
- Intercept: 1.9 m
- True Width: 1.46 m
- From: 143.9 m
- To: 145.8 m
- Hole Depth: 171 m

#### Classification

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

#### Location

- Easting: 769095
- Northing: 7212046
- CRS: SWEREF
- Elevation: 123 m
- Azimuth: 140 °
- Dip: -51 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: CRS Laboratories Oy
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates, check\_assays

#### Review

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

#### Dates

- Event date: 2024-05-14T00:00:00.000Z

Reasoning: This intercept shows moderate-grade gold over a narrow true width, supporting the continuity of mineralization at Norrberget.

- Positive factor: True Width Disclosed

Evidence · table

> 3.5

Context: 1.90

### VM22-001

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-successfully-depth-tests-the-bj-xf6-rkdal-norrberget-gold-deposit-inter--d47f623d-3c8b-4bfc-9dff-93d20eeaa0d2#fact-drill-facts-8)

Vidmyran · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: VM22-001
- Project: Vidmyran
- Commodity: gold
- Region: sweden
- Reported Region: Sweden
- Ticker: MND

#### Geometry

- Grade: 17.2
- Grade Unit: g/t
- Intercept: 1.3 m
- True Width: 0.65 m
- From: 221.9 m
- To: 223.2 m
- Hole Depth: 297.7 m

#### Classification

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

#### Location

- Easting: 769358
- Northing: 7209709
- CRS: SWEREF
- Elevation: 49 m
- Azimuth: 305 °
- Dip: -53 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: CRS Laboratories Oy
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates, check\_assays

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-05-14T00:00:00.000Z

Reasoning: This is a bonanza-grade gold intercept at the Vidmyran target, confirming the presence of high-grade mineralization, though over a narrow true width.

- Positive factor: Bonanza Intercept

- Positive factor: True Width Disclosed

Evidence · table

> 17.2

Context: 1.30

### VM22-003

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-successfully-depth-tests-the-bj-xf6-rkdal-norrberget-gold-deposit-inter--d47f623d-3c8b-4bfc-9dff-93d20eeaa0d2#fact-drill-facts-9)

Vidmyran · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: VM22-003
- Project: Vidmyran
- Commodity: gold
- Region: sweden
- Reported Region: Sweden
- Ticker: MND

#### Geometry

- Grade: 1.5
- Grade Unit: g/t
- Intercept: 0.5 m
- True Width: 0.43 m
- From: 62.5 m
- To: 63 m
- Hole Depth: 299.3 m

#### Classification

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

#### Location

- Easting: 769429
- Northing: 7209817
- CRS: SWEREF
- Elevation: 95 m
- Azimuth: 305 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: CRS Laboratories Oy
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates, check\_assays

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-05-14T00:00:00.000Z

Reasoning: This intercept shows a low-grade gold value over a very narrow true width at Vidmyran, contributing to the overall geological understanding but with limited individual materiality.

- Positive factor: True Width Disclosed

Evidence · table

> 1.5

Context: 0.50

### VM22-003

[Link to this fact](https://atlas-staging.minestarters.com/news/mandalay-successfully-depth-tests-the-bj-xf6-rkdal-norrberget-gold-deposit-inter--d47f623d-3c8b-4bfc-9dff-93d20eeaa0d2#fact-drill-facts-10)

Vidmyran · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: VM22-003
- Project: Vidmyran
- Commodity: gold
- Region: sweden
- Reported Region: Sweden
- Ticker: MND

#### Geometry

- Grade: 12.2
- Grade Unit: g/t
- Intercept: 1.4 m
- True Width: 1.21 m
- From: 141.3 m
- To: 142.7 m
- Hole Depth: 299.3 m

#### Classification

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

#### Location

- Easting: 769429
- Northing: 7209817
- CRS: SWEREF
- Elevation: 95 m
- Azimuth: 305 °
- Dip: -55 °
- Loc. Confidence: high

#### QA/QC

- Laboratory: CRS Laboratories Oy
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates, check\_assays

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-01T00:00:00.000Z

#### Dates

- Event date: 2024-05-14T00:00:00.000Z

Reasoning: This is a bonanza-grade gold intercept at the Vidmyran target, confirming the presence of high-grade mineralization over a narrow true width.

- Positive factor: Bonanza Intercept

- Positive factor: True Width Disclosed

Evidence · table

> 12.2

Context: 1.40

## 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.