Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine

Original announcement by tmx on

Company
Mandalay Resources Corporation
Ticker
MND
Exchange
TSX
Region
Sweden
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Drill results
Extracted
2026-09-16 11:12:05 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Mandalay Resources announced high-grade gold drill results from its Storheden deposit, adjacent to the operating Björkdal Mine in Sweden. The 2023 drilling program successfully extended the deposit along strike to over 1.6 km and doubled its known depth to approximately 200 m. Key intercepts include 70.2 g/t gold over 0.45 m (ETW 0.15 m) and 39.7 g/t gold over 0.70 m (ETW 0.45 m), with all results including estimated true widths.

Reasoning: Mandalay Resources announced high-grade gold drill results from its Storheden deposit, successfully extending the mineralization along strike and at depth. The results include several bonanza-grade intercepts with estimated true widths, indicating significant exploration success. However, the narrow nature of many intercepts and the presence of potential deleterious elements warrant consideration.

Positive factors

  • High-grade gold intercepts, including bonanza grades, extend the deposit along strike and at depth
  • True width estimates are provided for all intercepts, enhancing geological confidence
  • Rigorous QA/QC program disclosed, including standards, blanks, and duplicates
  • The drilling successfully extended the known mineralization, doubling its depth and extending strike length

Negative factors

  • Many intercepts are very narrow, which could impact economic viability for bulk mining methods
  • The specific certification of the assay laboratories is not explicitly stated
  • Compositing cut-off grade for reported intervals is not disclosed
  • Presence of arsenopyrite indicates potential for deleterious arsenic

Facts used in scoring: 47

Classification and evidence

Bonanza Interceptpositive

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

Why it applies: Intercepts like 70.2 g/t gold over 0.45 m and 39.7 g/t gold over 0.70 m are exceptionally high-grade for an orogenic gold deposit, well above the exceptional threshold for underground mining.

Evidence · text

“70.2 g/t gold over 0.45 m (ETW 0.15 m ) in SH-06 at 136 m ; 39.7 g/t gold over 0.70 m (ETW 0.45 m ) in SH-06 at 120 m”

True Width Disclosedpositive

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

Why it applies: The document provides an 'ESTIMATED TRUE WIDTH (M)' column for all reported intercepts, which is crucial for understanding the actual thickness of mineralization.

Evidence · table

“ESTIMATED TRUE WIDTH (M)”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The drilling program successfully 'expanded the Storheden gold deposit' along strike and 'doubled known system depth', indicating an extension of the known mineralization.

Evidence · text

“expanded the Storheden gold deposit, 600 meters ("m") from the Björkdal mine, on-strike to over 1.6 kilometers ("km") and at depth of approximate 200 m”

QA/QC Disclosedpositive

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

Why it applies: The release explicitly states that 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.”

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The Storheden deposit is described as 'adjacent to the Operating Björkdal Mine' and having a 'Structural setting akin to multi-million ounce Björkdal deposit', leveraging its proximity to a known large deposit.

Evidence · text

“Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine”

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: While a rigorous QA/QC program is mentioned, the specific certifications (e.g., ISO 17025, NATA) of CRS Laboratories Oy and MSALABS are not explicitly stated in the document.

Evidence · text

“Exploration drill hole samples were sent to CRS Laboratories Oy ("CRS") in Kempele, Finland for sample preparation and assaying. ... Fire-Assaying conducted at MSALABS (FAS-221, 50 g charge) in Canada”

Cut-off Undisclosednegative

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

Why it applies: The document states that 'Composites that are below 0.5 g/t Au when diluted to 1 m are not reported in this table', which is a reporting threshold, but the actual compositing cut-off grade for the reported intervals is not explicitly disclosed.

Evidence · table

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

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: The document mentions 'arsenopyrite' as a sulphide associated with gold mineralization, which indicates the presence of arsenic, a common penalty element.

Evidence · text

“Gold rich quartz veins are often associated with minor sulphides such as pyrrhotite, pyrite, chalcopyrite and arsenopyrite.”

Extracted facts

Stored fact records: 47. Some facts used in scoring do not have a stored record.

Drill Results (47)

SH-02Storheden · goldGrade: 1.9Grade Unit: g/tIntercept: 0.65 mView all details
Link to this fact

Identity

Hole ID
SH-02
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.9
Grade Unit
g/t
Intercept
0.65 m
True Width
0.56 m
From
64.75 m
To
65.4 m
Hole Depth
309 m
Intercept Depth
64.75 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-02:64.75-65.4
Mining Method
underground

Location

Easting
765396
Northing
7213653
Elevation
138 m
Azimuth
173 °
Dip
-45 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.9 g/t) for underground mining
  • Very narrow intercept length (0.65 m) and true width (0.56 m)

Evidence · table

“1.9”

Context: 0.65

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.56

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-02Storheden · goldGrade: 5.6Grade Unit: g/tIntercept: 0.7 mView all details
Link to this fact

Identity

Hole ID
SH-02
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
5.6
Grade Unit
g/t
Intercept
0.7 m
True Width
0.61 m
From
88 m
To
88.7 m
Hole Depth
309 m
Intercept Depth
88 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-02:88-88.7
Mining Method
underground

Location

Easting
765396
Northing
7213653
Elevation
138 m
Azimuth
173 °
Dip
-45 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a strong gold grade, contributing to the extension of the deposit, despite the very narrow width.

Positive factors

  • Strong gold grade (5.6 g/t) for underground mining
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (0.70 m) and true width (0.61 m)

Evidence · table

“5.6”

Context: 0.70

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.61

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-02Storheden · goldGrade: 2.1Grade Unit: g/tIntercept: 0.55 mView all details
Link to this fact

Identity

Hole ID
SH-02
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
2.1
Grade Unit
g/t
Intercept
0.55 m
True Width
0.35 m
From
92.3 m
To
92.85 m
Hole Depth
309 m
Intercept Depth
92.3 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-02:92.3-92.85
Mining Method
underground

Location

Easting
765396
Northing
7213653
Elevation
138 m
Azimuth
173 °
Dip
-45 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (2.1 g/t) for underground mining
  • Very narrow intercept length (0.55 m) and true width (0.35 m)

Evidence · table

“2.1”

Context: 0.55

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.35

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-02Storheden · goldGrade: 6Grade Unit: g/tIntercept: 0.45 mView all details
Link to this fact

Identity

Hole ID
SH-02
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
6
Grade Unit
g/t
Intercept
0.45 m
True Width
0.39 m
From
97.85 m
To
98.3 m
Hole Depth
309 m
Intercept Depth
97.85 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-02:97.85-98.3
Mining Method
underground

Location

Easting
765396
Northing
7213653
Elevation
138 m
Azimuth
173 °
Dip
-45 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a strong gold grade, contributing to the extension of the deposit, despite the very narrow width.

Positive factors

  • Strong gold grade (6.0 g/t) for underground mining
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (0.45 m) and true width (0.39 m)

Evidence · table

“6.0”

Context: 0.45

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.39

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-02Storheden · goldGrade: 0.9Grade Unit: g/tIntercept: 0.75 mView all details
Link to this fact

Identity

Hole ID
SH-02
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
0.9
Grade Unit
g/t
Intercept
0.75 m
True Width
0.65 m
From
168.25 m
To
169 m
Hole Depth
309 m
Intercept Depth
168.25 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-02:168.25-169
Mining Method
underground

Location

Easting
765396
Northing
7213653
Elevation
138 m
Azimuth
173 °
Dip
-45 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (0.9 g/t) for underground mining
  • Very narrow intercept length (0.75 m) and true width (0.65 m)

Evidence · table

“0.9”

Context: 0.75

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.65

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-04Storheden · goldGrade: 1.1Grade Unit: g/tIntercept: 0.65 mView all details
Link to this fact

Identity

Hole ID
SH-04
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.1
Grade Unit
g/t
Intercept
0.65 m
True Width
0.56 m
From
70.6 m
To
71.25 m
Hole Depth
307.6 m
Intercept Depth
70.6 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-04:70.6-71.25
Mining Method
underground

Location

Easting
765257
Northing
7213384
Elevation
138 m
Azimuth
351 °
Dip
-40 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.1 g/t) for underground mining
  • Very narrow intercept length (0.65 m) and true width (0.56 m)

Evidence · table

“1.1”

Context: 0.65

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.56

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-04Storheden · goldGrade: 3.5Grade Unit: g/tIntercept: 1.15 mView all details
Link to this fact

Identity

Hole ID
SH-04
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
3.5
Grade Unit
g/t
Intercept
1.15 m
True Width
1 m
From
89.95 m
To
91.1 m
Hole Depth
307.6 m
Intercept Depth
89.95 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-04:89.95-91.1
Mining Method
underground

Location

Easting
765257
Northing
7213384
Elevation
138 m
Azimuth
351 °
Dip
-40 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade and narrow width, contributing to the extension of the deposit.

Positive factors

  • Moderate gold grade (3.5 g/t) for underground mining
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (1.15 m) and true width (1.0 m)

Evidence · table

“3.5”

Context: 1.15

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 1

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-04Storheden · goldGrade: 7.1Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
SH-04
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
7.1
Grade Unit
g/t
Intercept
0.5 m
True Width
0.25 m
From
112.5 m
To
113 m
Hole Depth
307.6 m
Intercept Depth
112.5 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-04:112.5-113
Mining Method
underground

Location

Easting
765257
Northing
7213384
Elevation
138 m
Azimuth
351 °
Dip
-40 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a strong gold grade, contributing to the extension of the deposit, despite the very narrow width.

Positive factors

  • Strong gold grade (7.1 g/t) for underground mining
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (0.50 m) and true width (0.25 m)

Evidence · table

“7.1”

Context: 0.50

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.25

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-04Storheden · goldGrade: 1.6Grade Unit: g/tIntercept: 0.75 mView all details
Link to this fact

Identity

Hole ID
SH-04
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.6
Grade Unit
g/t
Intercept
0.75 m
True Width
0.65 m
From
171.7 m
To
172.45 m
Hole Depth
307.6 m
Intercept Depth
171.7 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-04:171.7-172.45
Mining Method
underground

Location

Easting
765257
Northing
7213384
Elevation
138 m
Azimuth
351 °
Dip
-40 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.6 g/t) for underground mining
  • Very narrow intercept length (0.75 m) and true width (0.65 m)

Evidence · table

“1.6”

Context: 0.75

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.65

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-04Storheden · goldGrade: 14.6Grade Unit: g/tIntercept: 1.3 mView all details
Link to this fact

Identity

Hole ID
SH-04
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
14.6
Grade Unit
g/t
Intercept
1.3 m
True Width
0.84 m
From
181.1 m
To
182.4 m
Hole Depth
307.6 m
Intercept Depth
181.1 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-04:181.1-182.4
Mining Method
underground

Location

Easting
765257
Northing
7213384
Elevation
138 m
Azimuth
351 °
Dip
-40 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a strong gold grade, contributing to the extension of the deposit, despite the very narrow width.

Positive factors

  • Strong gold grade (14.6 g/t) for underground mining
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (1.30 m) and true width (0.84 m)

Evidence · table

“14.6”

Context: 1.30

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.84

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-05Storheden · goldGrade: 1.2Grade Unit: g/tIntercept: 0.8 mView all details
Link to this fact

Identity

Hole ID
SH-05
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.2
Grade Unit
g/t
Intercept
0.8 m
True Width
0.4 m
From
50.6 m
To
51.4 m
Hole Depth
199.95 m
Intercept Depth
50.6 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-05:50.6-51.4
Mining Method
underground

Location

Easting
764932
Northing
7213563
Elevation
147 m
Azimuth
234 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.2 g/t) for underground mining
  • Very narrow intercept length (0.80 m) and true width (0.40 m)

Evidence · table

“1.2”

Context: 0.80

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.4

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-05Storheden · goldGrade: 1.9Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
SH-05
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.9
Grade Unit
g/t
Intercept
0.5 m
True Width
0.43 m
From
96.7 m
To
97.2 m
Hole Depth
199.95 m
Intercept Depth
96.7 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-05:96.7-97.2
Mining Method
underground

Location

Easting
764932
Northing
7213563
Elevation
147 m
Azimuth
234 °
Dip
-70 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.9 g/t) for underground mining
  • Very narrow intercept length (0.50 m) and true width (0.43 m)

Evidence · table

“1.9”

Context: 0.50

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.43

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-06Storheden · goldGrade: 39.7Grade Unit: g/tIntercept: 0.7 mView all details
Link to this fact

Identity

Hole ID
SH-06
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
39.7
Grade Unit
g/t
Intercept
0.7 m
True Width
0.45 m
From
119.3 m
To
120 m
Hole Depth
275.2 m
Intercept Depth
119.3 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-06:119.3-120
Mining Method
underground

Location

Easting
764933
Northing
7213563
Elevation
147 m
Azimuth
329 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows an exceptionally high gold grade and strong GT product, contributing to the extension of the deposit, despite the very narrow width.

Positive factors

  • Exceptional gold grade (39.7 g/t) for underground mining
  • Strong grade-thickness product (27.79 g/t·m)
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (0.70 m) and true width (0.45 m)

Evidence · table

“39.7”

Context: 0.70

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.45

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-06Storheden · goldGrade: 1.7Grade Unit: g/tIntercept: 0.35 mView all details
Link to this fact

Identity

Hole ID
SH-06
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.7
Grade Unit
g/t
Intercept
0.35 m
True Width
0.27 m
From
133.7 m
To
134.05 m
Hole Depth
275.2 m
Intercept Depth
133.7 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-06:133.7-134.05
Mining Method
underground

Location

Easting
764933
Northing
7213563
Elevation
147 m
Azimuth
329 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.7 g/t) for underground mining
  • Very narrow intercept length (0.35 m) and true width (0.27 m)

Evidence · table

“1.7”

Context: 0.35

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.27

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-06Storheden · goldGrade: 70.2Grade Unit: g/tIntercept: 0.45 mView all details
Link to this fact

Identity

Hole ID
SH-06
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
70.2
Grade Unit
g/t
Intercept
0.45 m
True Width
0.15 m
From
136.8 m
To
137.25 m
Hole Depth
275.2 m
Intercept Depth
136.8 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-06:136.8-137.25
Mining Method
underground

Location

Easting
764933
Northing
7213563
Elevation
147 m
Azimuth
329 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows an exceptionally high gold grade and GT product, contributing to the extension of the deposit, although the width is very narrow.

Positive factors

  • Exceptional gold grade (70.2 g/t) for underground mining
  • Exceptional grade-thickness product (31.59 g/t·m)
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (0.45 m) and true width (0.15 m)

Evidence · table

“70.2”

Context: 0.45

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.15

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-07Storheden · goldGrade: 1.9Grade Unit: g/tIntercept: 2.3 mView all details
Link to this fact

Identity

Hole ID
SH-07
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.9
Grade Unit
g/t
Intercept
2.3 m
True Width
1.15 m
From
113.1 m
To
115.4 m
Hole Depth
197.6 m
Intercept Depth
113.1 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-07:113.1-115.4
Mining Method
underground

Location

Easting
764933
Northing
7213562
Elevation
147 m
Azimuth
129 °
Dip
-75 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.9 g/t) for underground mining
  • Narrow intercept length (2.30 m) and true width (1.15 m)

Evidence · table

“1.9”

Context: 2.30

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 1.15

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-08Storheden · goldGrade: 1.9Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
SH-08
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.9
Grade Unit
g/t
Intercept
0.5 m
True Width
0.25 m
From
60.35 m
To
60.85 m
Hole Depth
251.3 m
Intercept Depth
60.35 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-08:60.35-60.85
Mining Method
underground

Location

Easting
764834
Northing
7213567
Elevation
148 m
Azimuth
94 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.9 g/t) for underground mining
  • Very narrow intercept length (0.50 m) and true width (0.25 m)

Evidence · table

“1.9”

Context: 0.50

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.25

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-08Storheden · goldGrade: 1Grade Unit: g/tIntercept: 0.6 mView all details
Link to this fact

Identity

Hole ID
SH-08
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1
Grade Unit
g/t
Intercept
0.6 m
True Width
0.52 m
From
74.2 m
To
74.8 m
Hole Depth
251.3 m
Intercept Depth
74.2 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-08:74.2-74.8
Mining Method
underground

Location

Easting
764834
Northing
7213567
Elevation
148 m
Azimuth
94 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.0 g/t) for underground mining
  • Very narrow intercept length (0.60 m) and true width (0.52 m)

Evidence · table

“1.0”

Context: 0.60

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.52

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-08Storheden · goldGrade: 1.9Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
SH-08
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.9
Grade Unit
g/t
Intercept
0.5 m
True Width
0.43 m
From
75.7 m
To
76.2 m
Hole Depth
251.3 m
Intercept Depth
75.7 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-08:75.7-76.2
Mining Method
underground

Location

Easting
764834
Northing
7213567
Elevation
148 m
Azimuth
94 °
Dip
-65 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.9 g/t) for underground mining
  • Very narrow intercept length (0.50 m) and true width (0.43 m)

Evidence · table

“1.9”

Context: 0.50

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.43

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-09Storheden · goldGrade: 3.4Grade Unit: g/tIntercept: 3.5 mView all details
Link to this fact

Identity

Hole ID
SH-09
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
3.4
Grade Unit
g/t
Intercept
3.5 m
True Width
2.25 m
From
104.5 m
To
108 m
Hole Depth
202 m
Intercept Depth
104.5 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-09:104.5-108
Mining Method
underground

Location

Easting
764835
Northing
7213566
Elevation
148 m
Azimuth
323 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade and GT product, contributing to the extension of the deposit.

Positive factors

  • Moderate gold grade (3.4 g/t) for underground mining
  • Moderate grade-thickness product (11.9 g/t·m)
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Narrow intercept length (3.50 m) and true width (2.25 m)

Evidence · table

“3.4”

Context: 3.50

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 2.25

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-09Storheden · goldGrade: 2.1Grade Unit: g/tIntercept: 0.45 mView all details
Link to this fact

Identity

Hole ID
SH-09
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
2.1
Grade Unit
g/t
Intercept
0.45 m
True Width
0.29 m
From
132.85 m
To
133.3 m
Hole Depth
202 m
Intercept Depth
132.85 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-09:132.85-133.3
Mining Method
underground

Location

Easting
764835
Northing
7213566
Elevation
148 m
Azimuth
323 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (2.1 g/t) for underground mining
  • Very narrow intercept length (0.45 m) and true width (0.29 m)

Evidence · table

“2.1”

Context: 0.45

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.29

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-11Storheden · goldGrade: 7.3Grade Unit: g/tIntercept: 3.05 mView all details
Link to this fact

Identity

Hole ID
SH-11
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
7.3
Grade Unit
g/t
Intercept
3.05 m
True Width
1.96 m
From
223.1 m
To
226.15 m
Hole Depth
301.6 m
Intercept Depth
223.1 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-11:223.1-226.15
Mining Method
underground

Location

Easting
764835
Northing
7213564
Elevation
148 m
Azimuth
339 °
Dip
-44 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a strong gold grade and moderate GT product, contributing to the extension of the deposit.

Positive factors

  • Strong gold grade (7.3 g/t) for underground mining
  • Moderate grade-thickness product (22.27 g/t·m)
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Narrow intercept length (3.05 m) and true width (1.96 m)

Evidence · table

“7.3”

Context: 3.05

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 1.96

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-11Storheden · goldGrade: 5.1Grade Unit: g/tIntercept: 0.35 mView all details
Link to this fact

Identity

Hole ID
SH-11
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
5.1
Grade Unit
g/t
Intercept
0.35 m
True Width
0.22 m
From
243.95 m
To
244.3 m
Hole Depth
301.6 m
Intercept Depth
243.95 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-11:243.95-244.3
Mining Method
underground

Location

Easting
764835
Northing
7213564
Elevation
148 m
Azimuth
339 °
Dip
-44 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a strong gold grade, contributing to the extension of the deposit, despite the very narrow width.

Positive factors

  • Strong gold grade (5.1 g/t) for underground mining
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (0.35 m) and true width (0.22 m)

Evidence · table

“5.1”

Context: 0.35

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.22

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-11Storheden · goldGrade: 1.5Grade Unit: g/tIntercept: 0.4 mView all details
Link to this fact

Identity

Hole ID
SH-11
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.5
Grade Unit
g/t
Intercept
0.4 m
True Width
0.31 m
From
248.5 m
To
248.9 m
Hole Depth
301.6 m
Intercept Depth
248.5 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-11:248.5-248.9
Mining Method
underground

Location

Easting
764835
Northing
7213564
Elevation
148 m
Azimuth
339 °
Dip
-44 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.5 g/t) for underground mining
  • Very narrow intercept length (0.40 m) and true width (0.31 m)

Evidence · table

“1.5”

Context: 0.40

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.31

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-18Storheden · goldGrade: 1.4Grade Unit: g/tIntercept: 1.4 mView all details
Link to this fact

Identity

Hole ID
SH-18
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.4
Grade Unit
g/t
Intercept
1.4 m
True Width
0.7 m
From
221.1 m
To
222.5 m
Hole Depth
276.55 m
Intercept Depth
221.1 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-18:221.1-222.5
Mining Method
underground

Location

Easting
763818
Northing
7213889
Elevation
164 m
Azimuth
126 °
Dip
-62 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.4 g/t) for underground mining
  • Very narrow intercept length (1.40 m) and true width (0.70 m)

Evidence · table

“1.4”

Context: 1.40

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.7

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-18Storheden · goldGrade: 2.7Grade Unit: g/tIntercept: 0.9 mView all details
Link to this fact

Identity

Hole ID
SH-18
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
2.7
Grade Unit
g/t
Intercept
0.9 m
True Width
0.45 m
From
231.6 m
To
232.5 m
Hole Depth
276.55 m
Intercept Depth
231.6 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-18:231.6-232.5
Mining Method
underground

Location

Easting
763818
Northing
7213889
Elevation
164 m
Azimuth
126 °
Dip
-62 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • Weak gold grade (2.7 g/t) for underground mining
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (0.90 m) and true width (0.45 m)

Evidence · table

“2.7”

Context: 0.90

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.45

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-19Storheden · goldGrade: 1.9Grade Unit: g/tIntercept: 0.7 mView all details
Link to this fact

Identity

Hole ID
SH-19
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.9
Grade Unit
g/t
Intercept
0.7 m
True Width
0.45 m
From
81.3 m
To
82 m
Hole Depth
305.7 m
Intercept Depth
81.3 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-19:81.3-82
Mining Method
underground

Location

Easting
763885
Northing
7214039
Elevation
168 m
Azimuth
132 °
Dip
-61 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.9 g/t) for underground mining
  • Very narrow intercept length (0.70 m) and true width (0.45 m)

Evidence · table

“1.9”

Context: 0.70

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.45

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-19Storheden · goldGrade: 1.3Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
SH-19
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.3
Grade Unit
g/t
Intercept
1 m
True Width
0.64 m
From
92.1 m
To
93.1 m
Hole Depth
305.7 m
Intercept Depth
92.1 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-19:92.1-93.1
Mining Method
underground

Location

Easting
763885
Northing
7214039
Elevation
168 m
Azimuth
132 °
Dip
-61 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.3 g/t) for underground mining
  • Very narrow intercept length (1.00 m) and true width (0.64 m)

Evidence · table

“1.3”

Context: 1.00

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.64

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-19Storheden · goldGrade: 3.1Grade Unit: g/tIntercept: 0.35 mView all details
Link to this fact

Identity

Hole ID
SH-19
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
3.1
Grade Unit
g/t
Intercept
0.35 m
True Width
0.2 m
From
142.45 m
To
142.8 m
Hole Depth
305.7 m
Intercept Depth
142.45 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-19:142.45-142.8
Mining Method
underground

Location

Easting
763885
Northing
7214039
Elevation
168 m
Azimuth
132 °
Dip
-61 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade and very narrow width, contributing to the extension of the deposit.

Positive factors

  • Moderate gold grade (3.1 g/t) for underground mining
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (0.35 m) and true width (0.20 m)

Evidence · table

“3.1”

Context: 0.35

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.2

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-19Storheden · goldGrade: 1.5Grade Unit: g/tIntercept: 0.75 mView all details
Link to this fact

Identity

Hole ID
SH-19
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.5
Grade Unit
g/t
Intercept
0.75 m
True Width
0.43 m
From
221.7 m
To
222.45 m
Hole Depth
305.7 m
Intercept Depth
221.7 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-19:221.7-222.45
Mining Method
underground

Location

Easting
763885
Northing
7214039
Elevation
168 m
Azimuth
132 °
Dip
-61 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.5 g/t) for underground mining
  • Very narrow intercept length (0.75 m) and true width (0.43 m)

Evidence · table

“1.5”

Context: 0.75

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.43

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-19Storheden · goldGrade: 2.2Grade Unit: g/tIntercept: 0.9 mView all details
Link to this fact

Identity

Hole ID
SH-19
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
2.2
Grade Unit
g/t
Intercept
0.9 m
True Width
0.78 m
From
228 m
To
228.9 m
Hole Depth
305.7 m
Intercept Depth
228 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-19:228-228.9
Mining Method
underground

Location

Easting
763885
Northing
7214039
Elevation
168 m
Azimuth
132 °
Dip
-61 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (2.2 g/t) for underground mining
  • Very narrow intercept length (0.90 m) and true width (0.78 m)

Evidence · table

“2.2”

Context: 0.90

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.78

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-19Storheden · goldGrade: 1.5Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
SH-19
Project
Storheden
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
290.35 m
To
290.85 m
Hole Depth
305.7 m
Intercept Depth
290.35 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-19:290.35-290.85
Mining Method
underground

Location

Easting
763885
Northing
7214039
Elevation
168 m
Azimuth
132 °
Dip
-61 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.5 g/t) for underground mining
  • Very narrow intercept length (0.50 m) and true width (0.43 m)

Evidence · table

“1.5”

Context: 0.50

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.43

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-20Storheden · goldGrade: 5.6Grade Unit: g/tIntercept: 0.6 mView all details
Link to this fact

Identity

Hole ID
SH-20
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
5.6
Grade Unit
g/t
Intercept
0.6 m
True Width
0.21 m
From
135.5 m
To
136.1 m
Hole Depth
181.7 m
Intercept Depth
135.5 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-20:135.5-136.1
Mining Method
underground

Location

Easting
764159
Northing
7213869
Elevation
160 m
Azimuth
334 °
Dip
-62 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a strong gold grade, contributing to the extension of the deposit, despite the very narrow width.

Positive factors

  • Strong gold grade (5.6 g/t) for underground mining
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (0.60 m) and true width (0.21 m)

Evidence · table

“5.6”

Context: 0.60

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.21

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-20Storheden · goldGrade: 2.1Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

Hole ID
SH-20
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
2.1
Grade Unit
g/t
Intercept
0.5 m
True Width
0.25 m
From
140.8 m
To
141.3 m
Hole Depth
181.7 m
Intercept Depth
140.8 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-20:140.8-141.3
Mining Method
underground

Location

Easting
764159
Northing
7213869
Elevation
160 m
Azimuth
334 °
Dip
-62 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (2.1 g/t) for underground mining
  • Very narrow intercept length (0.50 m) and true width (0.25 m)

Evidence · table

“2.1”

Context: 0.50

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.25

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-21Storheden · goldGrade: 2.2Grade Unit: g/tIntercept: 0.7 mView all details
Link to this fact

Identity

Hole ID
SH-21
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
2.2
Grade Unit
g/t
Intercept
0.7 m
True Width
0.66 m
From
43.5 m
To
44.2 m
Hole Depth
299.55 m
Intercept Depth
43.5 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-21:43.5-44.2
Mining Method
underground

Location

Easting
764304
Northing
7214047
Elevation
163 m
Azimuth
161 °
Dip
-61 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (2.2 g/t) for underground mining
  • Very narrow intercept length (0.70 m) and true width (0.66 m)

Evidence · table

“2.2”

Context: 0.70

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.66

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-21Storheden · goldGrade: 1.2Grade Unit: g/tIntercept: 0.7 mView all details
Link to this fact

Identity

Hole ID
SH-21
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.2
Grade Unit
g/t
Intercept
0.7 m
True Width
0.61 m
From
47.9 m
To
48.6 m
Hole Depth
299.55 m
Intercept Depth
47.9 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-21:47.9-48.6
Mining Method
underground

Location

Easting
764304
Northing
7214047
Elevation
163 m
Azimuth
161 °
Dip
-61 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.2 g/t) for underground mining
  • Very narrow intercept length (0.70 m) and true width (0.61 m)

Evidence · table

“1.2”

Context: 0.70

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.61

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-21Storheden · goldGrade: 2.7Grade Unit: g/tIntercept: 0.55 mView all details
Link to this fact

Identity

Hole ID
SH-21
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
2.7
Grade Unit
g/t
Intercept
0.55 m
True Width
0.48 m
From
83.8 m
To
84.35 m
Hole Depth
299.55 m
Intercept Depth
83.8 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-21:83.8-84.35
Mining Method
underground

Location

Easting
764304
Northing
7214047
Elevation
163 m
Azimuth
161 °
Dip
-61 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • Weak gold grade (2.7 g/t) for underground mining
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (0.55 m) and true width (0.48 m)

Evidence · table

“2.7”

Context: 0.55

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.48

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-21Storheden · goldGrade: 1.4Grade Unit: g/tIntercept: 0.6 mView all details
Link to this fact

Identity

Hole ID
SH-21
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.4
Grade Unit
g/t
Intercept
0.6 m
True Width
0.34 m
From
87.2 m
To
87.8 m
Hole Depth
299.55 m
Intercept Depth
87.2 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-21:87.2-87.8
Mining Method
underground

Location

Easting
764304
Northing
7214047
Elevation
163 m
Azimuth
161 °
Dip
-61 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.4 g/t) for underground mining
  • Very narrow intercept length (0.60 m) and true width (0.34 m)

Evidence · table

“1.4”

Context: 0.60

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.34

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-21Storheden · goldGrade: 33Grade Unit: g/tIntercept: 0.4 mView all details
Link to this fact

Identity

Hole ID
SH-21
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
33
Grade Unit
g/t
Intercept
0.4 m
True Width
0.26 m
From
89.1 m
To
89.5 m
Hole Depth
299.55 m
Intercept Depth
89.1 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-21:89.1-89.5
Mining Method
underground

Location

Easting
764304
Northing
7214047
Elevation
163 m
Azimuth
161 °
Dip
-61 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows an exceptionally high gold grade and strong GT product, contributing to the extension of the deposit, despite the very narrow width.

Positive factors

  • Exceptional gold grade (33.0 g/t) for underground mining
  • Strong grade-thickness product (13.2 g/t·m)
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (0.40 m) and true width (0.26 m)

Evidence · table

“33.0”

Context: 0.40

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.26

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-21Storheden · goldGrade: 3.3Grade Unit: g/tIntercept: 0.6 mView all details
Link to this fact

Identity

Hole ID
SH-21
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
3.3
Grade Unit
g/t
Intercept
0.6 m
True Width
0.21 m
From
118.5 m
To
119.1 m
Hole Depth
299.55 m
Intercept Depth
118.5 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-21:118.5-119.1
Mining Method
underground

Location

Easting
764304
Northing
7214047
Elevation
163 m
Azimuth
161 °
Dip
-61 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade and very narrow width, contributing to the extension of the deposit.

Positive factors

  • Moderate gold grade (3.3 g/t) for underground mining
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (0.60 m) and true width (0.21 m)

Evidence · table

“3.3”

Context: 0.60

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.21

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-21Storheden · goldGrade: 1.8Grade Unit: g/tIntercept: 0.8 mView all details
Link to this fact

Identity

Hole ID
SH-21
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.8
Grade Unit
g/t
Intercept
0.8 m
True Width
0.66 m
From
130.7 m
To
131.5 m
Hole Depth
299.55 m
Intercept Depth
130.7 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-21:130.7-131.5
Mining Method
underground

Location

Easting
764304
Northing
7214047
Elevation
163 m
Azimuth
161 °
Dip
-61 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.8 g/t) for underground mining
  • Very narrow intercept length (0.80 m) and true width (0.66 m)

Evidence · table

“1.8”

Context: 0.80

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.66

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-22Storheden · goldGrade: 3Grade Unit: g/tIntercept: 0.9 mView all details
Link to this fact

Identity

Hole ID
SH-22
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
3
Grade Unit
g/t
Intercept
0.9 m
True Width
0.74 m
From
48.3 m
To
49.2 m
Hole Depth
392.15 m
Intercept Depth
48.3 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-22:48.3-49.2
Mining Method
underground

Location

Easting
764026
Northing
7214043
Elevation
167 m
Azimuth
131 °
Dip
-67 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade and very narrow width, contributing to the extension of the deposit.

Positive factors

  • Moderate gold grade (3.0 g/t) for underground mining
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (0.90 m) and true width (0.74 m)

Evidence · table

“3.0”

Context: 0.90

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.74

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-22Storheden · goldGrade: 1.8Grade Unit: g/tIntercept: 1.75 mView all details
Link to this fact

Identity

Hole ID
SH-22
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.8
Grade Unit
g/t
Intercept
1.75 m
True Width
1.34 m
From
64 m
To
65.75 m
Hole Depth
392.15 m
Intercept Depth
64 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-22:64-65.75
Mining Method
underground

Location

Easting
764026
Northing
7214043
Elevation
167 m
Azimuth
131 °
Dip
-67 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.8 g/t) for underground mining
  • Very narrow intercept length (1.75 m) and true width (1.34 m)

Evidence · table

“1.8”

Context: 1.75

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 1.34

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-22Storheden · goldGrade: 3Grade Unit: g/tIntercept: 1.1 mView all details
Link to this fact

Identity

Hole ID
SH-22
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
3
Grade Unit
g/t
Intercept
1.1 m
True Width
0.84 m
From
70 m
To
71.1 m
Hole Depth
392.15 m
Intercept Depth
70 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-22:70-71.1
Mining Method
underground

Location

Easting
764026
Northing
7214043
Elevation
167 m
Azimuth
131 °
Dip
-67 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • Moderate gold grade (3.0 g/t) for underground mining
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (1.10 m) and true width (0.84 m)

Evidence · table

“3.0”

Context: 1.10

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.84

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-22Storheden · goldGrade: 4.1Grade Unit: g/tIntercept: 0.4 mView all details
Link to this fact

Identity

Hole ID
SH-22
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
4.1
Grade Unit
g/t
Intercept
0.4 m
True Width
0.33 m
From
73.7 m
To
74.1 m
Hole Depth
392.15 m
Intercept Depth
73.7 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-22:73.7-74.1
Mining Method
underground

Location

Easting
764026
Northing
7214043
Elevation
167 m
Azimuth
131 °
Dip
-67 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade and very narrow width, contributing to the extension of the deposit.

Positive factors

  • Moderate gold grade (4.1 g/t) for underground mining
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (0.40 m) and true width (0.33 m)

Evidence · table

“4.1”

Context: 0.40

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.33

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-22Storheden · goldGrade: 3.2Grade Unit: g/tIntercept: 0.35 mView all details
Link to this fact

Identity

Hole ID
SH-22
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
3.2
Grade Unit
g/t
Intercept
0.35 m
True Width
0.2 m
From
109.85 m
To
110.2 m
Hole Depth
392.15 m
Intercept Depth
109.85 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-22:109.85-110.2
Mining Method
underground

Location

Easting
764026
Northing
7214043
Elevation
167 m
Azimuth
131 °
Dip
-67 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a moderate gold grade and very narrow width, contributing to the extension of the deposit.

Positive factors

  • Moderate gold grade (3.2 g/t) for underground mining
  • True width disclosed
  • Part of deposit extension

Negative factors

  • Very narrow intercept length (0.35 m) and true width (0.20 m)

Evidence · table

“3.2”

Context: 0.35

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.2

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

SH-22Storheden · goldGrade: 1.3Grade Unit: g/tIntercept: 0.8 mView all details
Link to this fact

Identity

Hole ID
SH-22
Project
Storheden
Commodity
gold
Region
sweden
Reported Region
sweden
Ticker
MND

Geometry

Grade
1.3
Grade Unit
g/t
Intercept
0.8 m
True Width
0.66 m
From
113 m
To
113.8 m
Hole Depth
392.15 m
Intercept Depth
113 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
SH-22:113-113.8
Mining Method
underground

Location

Easting
764026
Northing
7214043
Elevation
167 m
Azimuth
131 °
Dip
-67 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
CRS Laboratories Oy and MSALABS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2024-04-24T00:00:00.000Z

Reasoning: This intercept shows a weak gold grade and very narrow width, but contributes to the overall understanding of the deposit extension.

Positive factors

  • True width disclosed
  • Part of deposit extension

Negative factors

  • Weak gold grade (1.3 g/t) for underground mining
  • Very narrow intercept length (0.80 m) and true width (0.66 m)

Evidence · table

“1.3”

Context: 0.80

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 0.66

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine Mandalay Extends the Storheden Gold "

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.