Latest news with #Mandalay
Hamilton Spectator
a day ago
- Business
- Hamilton Spectator
Mandalay Discovers New High-Grade Gold Trend at Brunswick South, Adjacent to Existing Costerfield Infrastructure
TORONTO, July 29, 2025 (GLOBE NEWSWIRE) — Mandalay Resources Corporation ('Mandalay' or the 'Company') (TSX: MND, OTCQB: MNDJF) reports exploration results from the Brunswick South extension, part of the operating Costerfield gold-antimony mine in Australia. Highlights: Note: Further intercept details including significant intercepts within composite intervals can be found in the Appendix to this document. Where antimony grades are not stated they are below detection. ETW refers to the Estimated True Width of the intercept. Frazer Bourchier, President and CEO of Mandalay, commented: 'We are extremely excited about the new discovery at Brunswick South following on the heels of our success at True Blue. Brunswick South is within 300 metres of existing underground infrastructure, providing potential near term mine life extension of Costerfield. The Company will ramp up drilling from both surface and underground to advance this discovery rapidly. When added to the ongoing drilling at the True Blue discovery, Costerfield is delivering value to shareholders through the drill bit. Costerfield is expected to be a strong cash-flow generator for the combined Alkane–Mandalay following the anticipated closing of the merger of the two companies on August 5, 2025.' Chris Davis, VP of Exploration and Operational Geology, commented: 'The Brunswick deposit, mined in the 1990s and again in 2018, is hosted within a vertical fault that has been traced along a 2km strike length. Two domains of gold and antimony endowment have been identified so far along the fault. Our 2025 program targeted the depth extension of the southern domain, and extraordinarily, all three drillholes intersected high-grade gold across a 175-metre strike and 30-metre vertical extent. 'Given the impressive results and ease of access from existing infrastructure, this discovery is now being prioritized for further drilling in parallel with True Blue. As part of this work, we will also investigate constructing an underground drill platform that could accelerate our drilling program and definition of the deposit. With only high-grade results at this level, the veining remains largely open along strike and at depth with historic drilling above, we have launched an extension program to further evaluate the full potential of this emerging discovery.' Brunswick South Depth Discovery The Brunswick deposit is situated between the Cuffley and Youle deposits and has direct access and portal to the Brunswick Processing facility that concentrates all ore produced at Costerfield. The deposit was mined by means of an open pit in the mid-1990s and underground mining commenced from 2018 under Mandalay. Current mining activity at Brunswick is primarily focused on a high-grade zone with limited vertical extent known as the K-R Panel, just below the historically mined block, separated by a flat-lying fault that has offset the lode laterally by several meters. Figure 1. Oblique view (looking north-east) of the Costerfield gold-antimony field, showing Mandalay underground development, current resource outlines of the Brunswick deposits, and the central position of the three drill intercepts reported in this announcement. The Brunswick vein is remarkably linear in the context of the field. Mineralization has been drill tested over a length of 2000m near surface with negligible offsets. The vein (where mined) occupies the hinge of an open north-south striking anticline, and typically contains a greater proportion of stibnite to quartz than most other Costerfield veins. The vein is intersected, and sometimes offset laterally by flat-lying faults that follow, or are at a low angle to, the flat or gently west-dipping bedding of the host Costerfield siltstone. As these faults pass over the axis of the Brunswick anticline, they tend to bifurcate and flatten to horizontal, creating sliced stacks with progressive downward western offest – occasionally creating bonanza-grade ore shoots and localized blowouts. Additionally, steep north-east trending shears create grade pods where found intersecting the vein, without causing significant lode offset. At Brunswick South, near-surface historical drilling highlights a second panel of enrichment, separated from the Brunswick Main pannel by a grade-controlling north-east shear set. Reinterpretation of the previously drilled deepest low-grade intercepts suggested that interference from flat-lying faulting was highly likely given the ambiguous nature of the broken material recovered. Due to the assessment a two-hole drill testing program was designed to investigate the untested continuation below. Figure 2. Longitudinal section of the Brunswick South vein showing the position of the new intercepts in relation to existing drilling data. The position of the Cuffley to Brunswick access is shown, with annotation showing its distance east of the target vein, decreasing to the north. The southern end of the mined Brunswick lode can be seen at the far right of the section. Annotations describe the intercepts grade over an estimated true width. BD387 intersected the Brunswick vein approximately 270m south of the limit of existing development on the Brunswick Main lode. The vein intersected graded 76.6 g/t gold over 0.49m downhole, consisting of healed quartz breccia containing visible gold. BD388 passed through the vein 175m south of BD387, and found higher grade mineralization at 265 g/t gold and 0.7% antimony over 0.29m downhole. Clusters of fine visible gold are evenly spread throughout the quartz in this intercept, and stibnite is present as a late-stage vein infill phase. A third hole (BD391) was directed between and approximately 30m down-dip of the two prior intercepts and also intercepted high-grade gold mineralization, 52.3g/t gold over 1.69m downhole. Figure 3. Tray photographs of the three new high-grade intercepts with individual grades annotated. An inset for BD388 shows a close-up of the style of mineralization encountered, predominantly free gold in quartz. BD391 is considerably more faulted than the others, interpreted to be due to proximity of a bedding-parallel fault as is commonplace in Costerfield ore veins. The new intercepts are situated within the hinge of an open syncline; a slightly different structural setting to both the Brunswick Main lode (which occupies an anticlinal hinge) and the already defined mineralized panel above the newly targeted zone which does not appear to be associated with a well defined fold hinge (figure 4). These encouraging intercepts are of immediate operational importance to the Costerfield mine, situated just 320m west of the Brunswick access drive. A high-grade resource in this location will be quick and cost-effective to access. Significant prospectivity surrounds these exciting new intercepts, not only along the so-far untested strike and down dip extents but also upwards into the existing Brunswick South resource, where drilling is relatively sparse and targeted infill may build considerable upside in steeply plunging high-grade pods as seen in the Brunswick Main deposit. Figure 4. Cross section at 5350N (at BD391) through the Brunswick South system, with the two other intercepts of the program shown diagrammatically. The stratigraphy presented up-dip is repeated over several early thrust faults, which are crosscut by later subvertical faults and the Brunswick vein itself. Annotations describe the intercepts grade over an estimated true width. Next Steps Followup drilling has commenced and will investigate both strike and down-dip extension to the new high-grade area, and also further define the up-dip link with the near-surface veining. This program will be undertaken from underground by one of the three drill rigs currently focused on near mine expansion, and by an additional surface rig due to arrive in August 2025. Drilling and Assaying All diamond drill core was logged and sampled by Costerfield geologists or contracted geologists with significant industry experience who worked under Costerfield geologist's oversight. All samples were sent to On Site Laboratory Services (OSLS) in Bendigo, Victoria, Australia, for sample preparation and analysis by fire assay for gold, and Atomic Absorption Spectroscopy (AAS) for antimony. Site geological and metallurgical personnel have implemented a QA/QC procedure that includes systematic submission of standard reference materials and blanks within batches of drill and face samples submitted for assay. Costerfield specific reference materials produced from Costerfield ore have been prepared and certified by OREAS, a specialist laboratory quality control consultancy. See Technical Report entitled 'Costerfield Operation, Victoria, Australia NI 43-101 Report' dated March 30, 2025, available on SEDAR ( for a complete description of drilling, sampling, and assaying procedures. Qualified Person: 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. For Further Information Frazer Bourchier Director, President and Chief Executive Officer Edison Nguyen Director, Business Valuations and Investor Relations Contact: 647.258.9722 About Mandalay Resources Corporation Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Björkdal gold mine). The Company is focused on growing its production and reducing costs to generate cashflow. Mandalay is committed to operating safely and in an environmentally responsible manner, while developing a high level of community and employee engagement. Forward-Looking Statements: This news release contains 'forward-looking statements' within the meaning of applicable securities laws, including statements regarding the exploration and development potential of the Brunswick South discovery. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in commodity prices and general market and economic conditions. The factors identified above are not intended to represent a complete list of the factors that could affect Mandalay. A description of additional risks that could result in actual results and developments differing from those contemplated by forward-looking statements in this news release can be found under the heading 'Risk Factors' in Mandalay's annual information form dated March 30, 2025, a copy of which is available under Mandalay's profile at In addition, there can be no assurance that any inferred resources that are discovered as a result of additional drilling will ever be upgraded to proven or probable reserves. Although Mandalay has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Appendix Table 1. Significant Intercepts from drilling program. Notes 1. The AuEq (gold equivalent) grade is calculated using the following formula: Prices and recoveries used: Au $/oz = 2,500; Sb $/t = 19,000; Au Recovery = 91% and; Sb Recovery = 92% 2. LLD signifies an undetectable amount of antimony. Detection limit for the analysis used is 0.01% Table 4. Drill Hole Collar Details Notes: Photos accompanying this announcement are available at
Hamilton Spectator
2 days ago
- Business
- Hamilton Spectator
Mandalay Shareholders Overwhelmingly Approve Transaction with Alkane Resources
TORONTO, July 28, 2025 (GLOBE NEWSWIRE) — Mandalay Resources Corporation ('Mandalay' or the 'Company') (TSX: MND, OTCQB: MNDJF) is pleased to announce that Mandalay shareholders (the 'Mandalay Shareholders') have overwhelmingly approved a special resolution (the 'Arrangement Resolution') authorizing an arrangement under the Business Corporations Act (British Columbia) (the 'Arrangement') pursuant to which Alkane Resources Limited ('Alkane') (ASX: ALK, OTC: ALKEF) will indirectly acquire all of the issued and outstanding common shares of Mandalay (the 'Mandalay Shares') at a special meeting (the 'Meeting') of Mandalay Shareholders held earlier today on July 28, 2025. The Arrangement Resolution required the approval of at least two-thirds of the votes cast at the Meeting in person or by proxy by Mandalay Shareholders. The voting results from the Meeting are as follows: Full voting results will be filed under Mandalay's profile on SEDAR+ at . Alkane announced earlier today that its shareholders approved the issuance of the Alkane ordinary shares as consideration to Mandalay Shareholders under the Arrangement. Mandalay will seek a final order of the Supreme Court of British Columbia to approve the Arrangement at a hearing to be held on August 1, 2025. The Arrangement is expected to be completed on or about August 5, 2025. In conjunction with the Arrangement, Alkane has applied to upgrade its current U.S. over-the-counter (OTC) listing from the Pink Limited Market to the OTCQX Market around the time of closing of the Arrangement. This uplisting is expected to provide enhanced visibility, improved liquidity, and greater accessibility for U.S.-based investors who will receive Alkane shares in exchange for their Mandalay Shares. Frazer Bourchier, President and CEO of Mandalay, commented: 'We are pleased with the overwhelming support our shareholders have shown for the combination with Alkane. This transformative transaction will create a powerful, dual ASX and TSX listed gold and antimony producer operating in tier-one jurisdictions and poised for growth. We look forward to delivering the full benefits of the merger to all shareholders as we work toward a closing and integration.' Further information regarding the Arrangement is available in the management information circular dated June 24, 2025, which is available on Mandalay's website at and under Mandalay's profile on SEDAR+. For Further Information: Frazer Bourchier President and Chief Executive Officer Edison Nguyen Director, Business Valuations and IR Contact: 647.258.9722 About Mandalay Resources: Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Björkdal gold mine). The Company is focused on growing its production and reducing costs to generate significant positive cashflow. Mandalay is committed to operating safely and in an environmentally responsible manner, while developing a high level of community and employee engagement. Forward-Looking Statements: This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation and may include future-oriented financial information or financial outlook information (collectively 'Forward-looking Information'). Forward-looking Information may relate to future outlook and anticipated events, such as the consummation and timing of the Arrangement. Forward-looking Information is generally identified by the use of words like 'will', 'create', 'enhance', 'improve', 'potential', 'expect', 'upside', 'growth' and similar expressions and phrases or statements that certain actions, events or results 'may', 'could', or 'should', or the negative connotation of such terms, are intended to identify Forward-looking Information. Although Mandalay believes that the expectations reflected in the Forward-looking Information are reasonable, undue reliance should not be placed on Forward-looking Information since no assurance can be provided that such expectations will prove to be correct. Forward-looking Information is based on information available at the time those statements are made and/or good faith belief of the officers and directors of Mandalay as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the Forward-looking Information. Forward-looking Information involves numerous risks and uncertainties. Such factors include, without limitation: risks related to the closing of the Arrangement; risks relating to changes in the gold and antimony price and the factors identified in the section titled 'Risk Factors' in Mandalay's most recently filed Annual Information Form which is available on SEDAR+ at . Forward-looking Information is designed to help readers understand Mandalay's views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, Mandalay assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the Forward-looking Information. If Mandalay updates any one or more forward-looking statements, no inference should be drawn that either company will make additional updates with respect to those or other Forward-looking Information. All Forward-Looking Information contained in this news release is expressly qualified in its entirety by this cautionary statement.
Daily Mirror
2 days ago
- Business
- Daily Mirror
Dunelm shoppers say there's 'no need to iron' new-in 'amazing quality' bedding
Recently launched on the Dunelm website, shoppers are praising the fresh take on bedding with a double set retailing for £38 A crisp set of bedding can truly transform a bedroom and ensure a good night's sleep. Dunelm have a number of stylish and comfortable sets on their website and new-in for this month is a classy set that is already racking up fans. The Malmo Global Duvet Cover & Pillowcase set features a geometric, textured pattern, evoking a calming aesthetic in a fresh white colourway. It will easily slot into existing interiors thanks to the neutral shade and print, but it's a little bit different from a plain white set. Reminiscent of Dunelm's best-selling Mandalay Duvet Cover and Pillowcase Set but for a little cheaper, the Malmo set starts at £26 for a single, a double is £38, kingsize £42 and for a super kingsize it's £48. Each set comes with a duvet cover and two pillowcases. Dunelm customers that have already tried and tested the bedding are calling it 'amazing' and 'top quality', making its £38 price tag even more appealing. There are other retailers that also offer affordable bedding, such as Next. This Textured Square Pattern Bedding Duvet Cover and Pillowcase Set matches the price of Dunelm, being £38 for a double. The Next bedding comes in white or sage green, a feature that the Dunelm set could benefit from as it is currently only available in one shade. At Debenhams, the OHS Tufted Arch bedding is now 40% off, priced at £32.99 for a double down from £54.99. It has a striking design that the brand say will 'elevate your space'. As Dunelm's Malmo bedding is fairly new to the website, it hasn't had many reviews, but the current ones have both given full five star ratings. Those that find ironing a tedious task might be pleased to know customers are saying this bedding can be placed straight from the wash, back onto the bed. One person said: "Absolutely beautiful. The quality is amazing. There's no need to iron. Straight out the packet and not a single crease." A second shopper shared similar views, writing: "I love the look of this duvet cover on my bed. No need to iron after washing too which is a bonus." Those that find it hard to sleep during the summer, might want to switch their duvet out for a bedspread. A popular pick that is 'selling fast' is Dunelm's Mandalay Bedspread. Featuring a 'classy' textured pattern that 'transforms' bedrooms as it looks so 'luxurious', customers are noting that it 'makes the bed so easy to make up'. Highlighting how effective it is for the warm weather, another person added: "Lovely summer throw, perfect to replace a duvet in the summer months. Just add a cotton sheet and it's the ideal cover. It looks really pretty too."
Free Malaysia Today
6 days ago
- Politics
- Free Malaysia Today
Myanmar junta claims recapture of gold mining hub
Some 3.5 million people have been displaced by the war in Myanmar. (EPA Images pic) YANGON : Myanmar's junta claimed today to have ousted anti-coup rebels from a gold mining hub after a year-long battle, its second declared recapture of a key town in a week. A civil war has consumed Myanmar since a 2021 coup deposed the civilian government, with the military battling a myriad of pro-democracy guerrillas and ethnic armed organisations. Scattered anti-coup forces initially struggled to make headway, but won a string of stunning victories – mostly in the north – when many banded together for a coordinated offensive starting late 2023. This year, the junta's China and Russia-backed forces have clawed back ground on the northern front, and state media said its soldiers managed 'to fully retake' the town of Thabeikkyin yesterday. One resident, Ye Dinn, said people had fled fighting to shelter in the forest or nearby schools and monasteries. 'People have nothing to eat and no place to flee to,' the 65-year-old said. Thabeikkyin, located about 100km north of the second most populous city of Mandalay, is a lucrative hive of gold mining sitting on the banks of the Irrawaddy River bisecting Myanmar. State mouthpiece the Global New Light of Myanmar said an anti-coup alliance attacked Thabeikkyin with 'overwhelming strength' last August, but its counter-offensive retook the town after 17 major battles. 'We are really scared,' said another resident, speaking on condition of anonymity. 'Nowhere is safe. We are all looking for a safe place, but people have no idea where they should go and hide.' The junta last Thursday said it had recaptured the northeastern town of Nawnghkio, on another key highway towards Mandalay city, fending allied rebels back further into the fringes of the country. Earlier this week, guerrillas said they ambushed a junta flotilla of five ships sailing up the Irrawaddy north of Mandalay – another apparent sign of the military's renewed regional offensive. With control of Thabeikkyin and Nawnghkio, junta forces hold two flanks of the town of Mogok – the renowned centre of Myanmar's ruby mining industry which rebel forces claimed last summer. Mines excavating precious metals, gemstones and rare earth elements are coveted by all factions in Myanmar's civil war, allowing them to fill their coffers and fund their offensives. Some 3.5 million people are living displaced amid the war, according to the United Nations, while more than half the nation of around 50 million now lives in poverty.
Yahoo
22-07-2025
- Science
- Yahoo
In world first, CCTV captures supershear velocity earthquake
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Generate Key Takeaways Earthquakes are violent events that alter the face of the planet. In many cases, those changes occur beneath the surface and only gradually become visible over thousands of years. Occasionally, however, an earthquake's effects aren't just felt—they're seen. It's even rarer to actually capture one of those moments on camera, but according to seismologists at Japan's Kyoto University, the footage highlights the first-known video of a strike-slip fault. Their analysis, published in The Seismic Record, has led to new findings based on real-time visual evidence of tectonic motion. The magnitude 7.7 event took place on March 28 along the Sagaing Fault with an epicenter near Myanmar's second-largest city, Mandalay. Although the initial rupture process lasted barely 80 seconds, it and numerous aftershocks were ultimately responsible for 5,456 confirmed deaths and over 11,000 injuries. Later evaluations indicated the quake was the second deadliest in modern history, as well as the most powerful to hit Myanmar in over a century. According to a separate group's paper published in the same journal, the southern portion of the rupture occurred at an astonishing 3.7 miles per second—fast enough to qualify as 'supershear velocity.' Amid the catastrophe, an outdoor CCTV camera about 74.5 miles south of the epicenter recorded a visceral illustration of its power. Over just a few moments, what at first looks like a single chunk of the ground appears to suddenly divide and horizontally shift past one another in opposite directions. Completely by accident, the camera recorded a direct look of a strike-slip fault, something previously analyzed by remote seismic instruments. To researchers at Kyoto University, the clip wasn't just a jaw-dropping scene—it was an opportunity to study a strike-slip fault using visual data. Geologists analyzed the brief video frame-by-frame to learn about the fault shift. Credit: KyotoU / Jesse Kearse 'We did not anticipate that this video record would provide such a rich variety of detailed observations,' corresponding author and geologist Jesse Kearse said in a statement. 'Such kinematic data is critical for advancing our understanding of earthquake source physics.' Kearse and colleagues utilized a technique called pixel cross-correlation to analyze the fault movement on a frame-by-frame basis. Their findings showed the fault slipped horizontally by 8.2 feet in only 1.3 seconds, with a maximum speed of about 10.5 feet per second. While the movement matched experts' existing knowledge of strike-slip ruptures, the short duration and speed were new developments. 'The brief duration of motion confirms a pulse-like rupture, characterized by a concentrated burst of slip propagating along the fault, much like a ripple traveling down a rug when flicked from one end,' Kearse explained. Additional examinations also proved that the slip path was slightly curved, confirming previous observations recorded elsewhere in the world. This means subtly curving strike-slips instead of totally linear ones may be the rule, not the exception. 'Overall, these observations establish a new benchmark for understanding dynamic rupture processes,' the study's authors wrote, adding that the video offers real-time confirmation of curved slip paths while helping 'deepen our understanding of the physical mechanisms that control rapid fault slip during large earthquakes.' Such discoveries may also help seismologists, geologists, and urban planners design more resilient architecture to ensure that when major earthquakes inevitably occur, their damage is minimized as much as possible.
