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

Original announcement by tmx on

Company
Mandalay Resources Corporation
Ticker
MND
Exchange
TSX
Region
Sweden
Primary commodity
Gold
Secondary commodities
Zinc, Copper
Document categories
Drill results
Extracted
2026-09-16 11:16:26 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Mandalay Resources announced successful regional exploration drill results from two new targets, Lapptjärn and Granholm, near its Björkdal Mine in Sweden. The program, comprising 26 holes, yielded high-grade gold intercepts, including 5.3 g/t gold over 7.05 meters (5.40 m estimated true width) in hole LP-6 at Lapptjärn, and 14.9 g/t gold over 0.5 meters (0.38 m estimated true width) in hole GH-2 at Granholm. While Tarsnäs and Nyholm did not return significant intercepts, Tarsnäs showed anomalous zinc and copper, and follow-up geophysical surveys are planned for Lapptjärn and Tarsnäs.

Reasoning: Mandalay's regional exploration program successfully identified high-grade gold mineralization at two new targets, Lapptjärn and Granholm, near its Björkdal Mine in Sweden. The results, including a strong intercept of 5.3 g/t gold over 7.05 meters at Lapptjärn, are positive for early-stage exploration, demonstrating new potential in a prospective district. The disclosure of true widths and robust QA/QC procedures adds confidence, though the narrow nature of many intercepts and the mention of arsenopyrite warrant caution.

Positive factors

  • High-grade gold intercepts at new regional targets (Lapptjärn and Granholm) demonstrate exploration potential.
  • Significant intercept length with good grade in LP-6 (5.3 g/t Au over 7.05 m) indicates potential for broader mineralization.
  • Estimated true widths are provided for all reported intercepts, improving geological confidence.
  • Comprehensive QA/QC procedures are disclosed, and the release is signed off by a Qualified Person.
  • The results identify new areas for follow-up geophysical surveys, indicating ongoing exploration commitment.

Negative factors

  • Many reported intercepts are narrow, particularly at Granholm, which may limit economic viability.
  • Tarsnäs and Nyholm prospects did not return significant mineralized intercepts, despite being part of the same regional program.
  • The presence of arsenopyrite in mineralization suggests potential processing challenges and penalty elements.
  • The reporting cut-off of 0.5 g/t Au diluted to 1m is relatively low, and specific compositing cut-off grades for intervals are not explicitly stated.

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

Facts used in scoring: 22

Classification and evidence

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, indicating that true widths have been estimated.

Evidence · table

“ESTIMATED TRUE WIDTH (M)”

Context: INTERVAL (M)

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The drilling targeted 'high priority regional targets' and 'new targets' (Lapptjärn, Granholm, Tarsnäs, Nyholm) near the Björkdal Mine, indicating an effort to extend mineralization beyond known areas.

Evidence · text

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

QA/QC Disclosedpositive

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

Why it applies: The release details the use of standard reference samples, blanks, duplicates, repeats, and internal laboratory quality assurance procedures, and mentions a Qualified Person sign-off.

Evidence · text

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

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-bearing veins in the context of mineralization at Lapptjärn and Tarsnäs, indicating the presence of arsenic, a common penalty element.

Evidence · text

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

Cut-off Undisclosednegative

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

Why it applies: While a reporting cut-off of 0.5 g/t Au diluted to 1m is mentioned for what is not reported, the specific compositing cut-off grade used for the reported intervals is not explicitly stated.

Evidence · text

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

Exploration Drillingneutral · Story-specific tag

No canonical definition is currently available.

Why it applies: The document describes the program as 'regional target testing drill campaigns' and 'regional exploration programs' focused on new prospects.

Evidence · text

“successful results from its regional target testing drill campaigns approximately 6 km to the southwest of the Björkdal Mine.”

Extracted facts

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

Drill Results (22)

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

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
GH-1:60-60.4

Location

Easting
759799
Northing
7206791
Elevation
193 m
Azimuth
170 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a narrow, low-grade intercept from a new exploration target, contributing to the overall understanding of the prospect but not highly material on its own.

Positive factors

  • Intercept from a new exploration target (Granholm).
  • True width estimated.

Negative factors

  • Low grade (2.1 g/t Au is weak for gold).
  • Very narrow intercept (0.4 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 0.31 m is stated for the intercept.

Evidence · table

“0.31”

Context: 0.40

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
GH-2Granholm · goldGrade: 14.9Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
GH-2:106.7-107.2

Location

Easting
759681
Northing
7206778
Elevation
188 m
Azimuth
170 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a bonanza-grade intercept from a new exploration target, indicating high-grade potential, though its very narrow width limits overall materiality.

Positive factors

  • High-grade gold intercept (14.9 g/t Au) from a new exploration target (Granholm).
  • True width estimated.

Negative factors

  • Very narrow intercept (0.5 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

Bonanza InterceptRejected · positive

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

Reason: The grade of 14.9 g/t gold is exceptionally high, well above the typical threshold for gold deposits.

Evidence · table

“14.9”

Context: 0.50

True Width DisclosedRejected · positive

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

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

Evidence · table

“0.38”

Context: 0.50

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
GH-2Granholm · goldGrade: 2.2Grade Unit: g/tIntercept: 0.6 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
GH-2:115.6-116.2

Location

Easting
759681
Northing
7206778
Elevation
188 m
Azimuth
170 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a narrow, low-grade intercept from a new exploration target, contributing to the overall understanding of the prospect but not highly material on its own.

Positive factors

  • Intercept from a new exploration target (Granholm).
  • True width estimated.

Negative factors

  • Low grade (2.2 g/t Au is weak for gold).
  • Very narrow intercept (0.6 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 0.39 m is stated for the intercept.

Evidence · table

“0.39”

Context: 0.60

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
GH-2Granholm · goldGrade: 2.5Grade Unit: g/tIntercept: 0.45 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
GH-2:142-142.45

Location

Easting
759681
Northing
7206778
Elevation
188 m
Azimuth
170 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a narrow, low-grade intercept from a new exploration target, contributing to the overall understanding of the prospect but not highly material on its own.

Positive factors

  • Intercept from a new exploration target (Granholm).
  • True width estimated.

Negative factors

  • Low grade (2.5 g/t Au is weak for gold).
  • Very narrow intercept (0.45 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 0.32 m is stated for the intercept.

Evidence · table

“0.32”

Context: 0.45

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
GH-3Granholm · goldGrade: 5.4Grade Unit: g/tIntercept: 0.55 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
GH-3:23.75-24.3

Location

Easting
759636
Northing
7206906
Elevation
186 m
Azimuth
170 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a high-grade intercept from a new exploration target, indicating potential, but its very narrow width limits overall materiality.

Positive factors

  • High-grade gold intercept (5.4 g/t Au) from a new exploration target (Granholm).
  • True width estimated.

Negative factors

  • Very narrow intercept (0.55 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 0.35 m is stated for the intercept.

Evidence · table

“0.35”

Context: 0.55

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
GH-3Granholm · goldGrade: 3.1Grade Unit: g/tIntercept: 0.35 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
GH-3:32.05-32.4

Location

Easting
759636
Northing
7206906
Elevation
186 m
Azimuth
170 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a narrow, low-grade intercept from a new exploration target, contributing to the overall understanding of the prospect but not highly material on its own.

Positive factors

  • Intercept from a new exploration target (Granholm).
  • True width estimated.

Negative factors

  • Low grade (3.1 g/t Au is weak for gold).
  • Very narrow intercept (0.35 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 0.27 m is stated for the intercept.

Evidence · table

“0.27”

Context: 0.35

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
LP-1Lapptjärn · goldGrade: 1Grade Unit: g/tIntercept: 1.75 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
LP-1:82.6-84.35

Location

Easting
757994
Northing
7208500
Elevation
217 m
Azimuth
75 °
Dip
-46 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a narrow, low-grade intercept from a new exploration target, contributing to the overall understanding of the prospect but not highly material on its own.

Positive factors

  • Intercept from a new exploration target (Lapptjärn).
  • True width estimated.

Negative factors

  • Low grade (1.0 g/t Au is weak for gold).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 0.88 m is stated for the intercept.

Evidence · table

“0.88”

Context: 1.75

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
LP-1Lapptjärn · goldGrade: 1.1Grade Unit: g/tIntercept: 0.9 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
LP-1:83.45-84.35

Location

Easting
757994
Northing
7208500
Elevation
217 m
Azimuth
75 °
Dip
-46 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a narrow, low-grade intercept from a new exploration target, contributing to the overall understanding of the prospect but not highly material on its own.

Positive factors

  • Intercept from a new exploration target (Lapptjärn).
  • True width estimated.

Negative factors

  • Low grade (1.1 g/t Au is weak for gold).
  • Narrow intercept (0.9 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 0.78 m is stated for the intercept.

Evidence · table

“0.78”

Context: 0.90

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
LP-11Lapptjärn · goldGrade: 4.5Grade Unit: g/tIntercept: 0.6 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
LP-11:18.3-18.9

Location

Easting
758098
Northing
7208723
Elevation
217 m
Azimuth
235 °
Dip
-46 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a good grade intercept from a new exploration target, but its very narrow width limits overall materiality.

Positive factors

  • Good grade gold intercept (4.5 g/t Au) from a new exploration target (Lapptjärn).
  • True width estimated.

Negative factors

  • Very narrow intercept (0.6 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 0.59 m is stated for the intercept.

Evidence · table

“0.59”

Context: 0.60

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
LP-12Lapptjärn · goldGrade: 8.7Grade Unit: g/tIntercept: 0.7 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
LP-12:180.9-181.6

Location

Easting
758179
Northing
7208765
Elevation
199 m
Azimuth
220 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a high-grade intercept from a new exploration target, confirming down-dip continuity, but its very narrow width limits overall materiality.

Positive factors

  • High-grade gold intercept (8.7 g/t Au) from a new exploration target (Lapptjärn).
  • True width estimated.
  • Confirms down-dip continuity of mineralization.

Negative factors

  • Very narrow intercept (0.7 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

Bonanza InterceptRejected · positive

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

Reason: The grade of 8.7 g/t gold is exceptionally high, well above the typical threshold for gold deposits.

Evidence · table

“8.7”

Context: 0.70

True Width DisclosedRejected · positive

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

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

Evidence · table

“0.66”

Context: 0.70

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
LP-12Lapptjärn · goldGrade: 2.7Grade Unit: g/tIntercept: 0.6 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
LP-12:201.9-202.5

Location

Easting
758179
Northing
7208765
Elevation
199 m
Azimuth
220 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a narrow, low-grade intercept from a new exploration target, contributing to the overall understanding of the prospect but not highly material on its own.

Positive factors

  • Intercept from a new exploration target (Lapptjärn).
  • True width estimated.

Negative factors

  • Low grade (2.7 g/t Au is weak for gold).
  • Very narrow intercept (0.6 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 0.30 m is stated for the intercept.

Evidence · table

“0.30”

Context: 0.60

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
LP-2Lapptjärn · goldGrade: 3.4Grade Unit: g/tIntercept: 0.65 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
LP-2:118.45-119.1

Location

Easting
757909
Northing
7208511
Elevation
210 m
Azimuth
65 °
Dip
-46 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a good grade intercept from a new exploration target, but its very narrow width limits overall materiality.

Positive factors

  • Good grade gold intercept (3.4 g/t Au) from a new exploration target (Lapptjärn).
  • True width estimated.

Negative factors

  • Very narrow intercept (0.65 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 0.61 m is stated for the intercept.

Evidence · table

“0.61”

Context: 0.65

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
LP-3Lapptjärn · goldGrade: 4.5Grade Unit: g/tIntercept: 1.25 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
LP-3:35.25-36.5

Location

Easting
758209
Northing
7208622
Elevation
216 m
Azimuth
230 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a good grade intercept from a new exploration target, but its narrow width limits overall materiality.

Positive factors

  • Good grade gold intercept (4.5 g/t Au) from a new exploration target (Lapptjärn).
  • True width estimated.

Negative factors

  • Narrow intercept (1.25 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 1.08 m is stated for the intercept.

Evidence · table

“1.08”

Context: 1.25

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
LP-4Lapptjärn · goldGrade: 2.5Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
LP-4:13.9-14.4

Location

Easting
758267
Northing
7208619
Elevation
206 m
Azimuth
205 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a narrow, low-grade intercept from a new exploration target, contributing to the overall understanding of the prospect but not highly material on its own.

Positive factors

  • Intercept from a new exploration target (Lapptjärn).
  • True width estimated.

Negative factors

  • Low grade (2.5 g/t Au is weak for gold).
  • Very narrow intercept (0.5 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 0.32 m is stated for the intercept.

Evidence · table

“0.32”

Context: 0.50

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
LP-4Lapptjärn · goldGrade: 1.3Grade Unit: g/tIntercept: 0.5 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
LP-4:98.3-98.8

Location

Easting
758267
Northing
7208619
Elevation
206 m
Azimuth
205 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a narrow, low-grade intercept from a new exploration target, contributing to the overall understanding of the prospect but not highly material on its own.

Positive factors

  • Intercept from a new exploration target (Lapptjärn).
  • True width estimated.

Negative factors

  • Low grade (1.3 g/t Au is weak for gold).
  • Very narrow intercept (0.5 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

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

Evidence · table

“0.38”

Context: 0.50

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
LP-6Lapptjärn · goldGrade: 4.2Grade Unit: g/tIntercept: 0.65 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
LP-6:27-27.65

Location

Easting
758140
Northing
7208670
Elevation
214 m
Azimuth
230 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a good grade intercept from a new exploration target, but its very narrow width limits overall materiality.

Positive factors

  • Good grade gold intercept (4.2 g/t Au) from a new exploration target (Lapptjärn).
  • True width estimated.

Negative factors

  • Very narrow intercept (0.65 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 0.61 m is stated for the intercept.

Evidence · table

“0.61”

Context: 0.65

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
LP-6Lapptjärn · goldGrade: 3.7Grade Unit: g/tIntercept: 0.45 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
LP-6:78.35-78.8

Location

Easting
758140
Northing
7208670
Elevation
214 m
Azimuth
230 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a good grade intercept from a new exploration target, but its very narrow width limits overall materiality.

Positive factors

  • Good grade gold intercept (3.7 g/t Au) from a new exploration target (Lapptjärn).
  • True width estimated.

Negative factors

  • Very narrow intercept (0.45 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 0.42 m is stated for the intercept.

Evidence · table

“0.42”

Context: 0.45

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
LP-6Lapptjärn · goldGrade: 5.3Grade Unit: g/tIntercept: 7.05 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
LP-6:79.8-86.85

Location

Easting
758140
Northing
7208670
Elevation
214 m
Azimuth
230 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a highly material intercept with strong grade and significant true width from a new exploration target, representing a key success for the regional exploration program.

Positive factors

  • Strong gold grade (5.3 g/t Au) over a significant intercept length (7.05 m) from a new exploration target (Lapptjärn).
  • True width estimated at 5.4 m, indicating a substantial mineralized zone.
  • This intercept is highlighted as a program highlight, indicating its importance to the company.

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

Bonanza InterceptRejected · positive

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

Reason: The grade of 5.3 g/t gold is exceptionally high, well above the typical threshold for gold deposits, especially considering the significant width.

Evidence · table

“5.3”

Context: 7.05

True Width DisclosedRejected · positive

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

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

Evidence · table

“5.40”

Context: 7.05

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
LP-6Lapptjärn · goldGrade: 1.8Grade Unit: g/tIntercept: 0.8 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
LP-6:128.55-129.35

Location

Easting
758140
Northing
7208670
Elevation
214 m
Azimuth
230 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a narrow, low-grade intercept from a new exploration target, contributing to the overall understanding of the prospect but not highly material on its own.

Positive factors

  • Intercept from a new exploration target (Lapptjärn).
  • True width estimated.

Negative factors

  • Low grade (1.8 g/t Au is weak for gold).
  • Narrow intercept (0.8 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 0.51 m is stated for the intercept.

Evidence · table

“0.51”

Context: 0.80

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
LP-9Lapptjärn · goldGrade: 1.4Grade Unit: g/tIntercept: 0.6 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
LP-9:26-26.6

Location

Easting
758289
Northing
7209201
Elevation
197 m
Azimuth
215 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a narrow, low-grade intercept from a new exploration target, contributing to the overall understanding of the prospect but not highly material on its own.

Positive factors

  • Intercept from a new exploration target (Lapptjärn).
  • True width estimated.

Negative factors

  • Low grade (1.4 g/t Au is weak for gold).
  • Very narrow intercept (0.6 m).

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 0.46 m is stated for the intercept.

Evidence · table

“0.46”

Context: 0.60

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
TN-2Tarsnäs · goldGrade: 1.4Grade Unit: g/tIntercept: 0.4 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
TN-2:44.8-45.2

Location

Easting
760659
Northing
7205902
Elevation
194 m
Azimuth
305 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a narrow, low-grade intercept from a new exploration target, explicitly stated as not significant by the company, which limits its materiality.

Positive factors

  • Intercept from a new exploration target (Tarsnäs).
  • True width estimated.

Negative factors

  • Low grade (1.4 g/t Au is weak for gold).
  • Very narrow intercept (0.4 m).
  • The document explicitly states that drilling at Tarsnäs did not return any significant mineralized intercepts.

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 0.35 m is stated for the intercept.

Evidence · table

“0.35”

Context: 0.40

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

“Mineralization at Lapptjärn is associated with structurally controlled lodes of disseminated arsenopyrite or irregular, arsenopyrite-bearing, Quartz-Carbonate veins.”
TN-2Tarsnäs · goldGrade: 1.7Grade Unit: g/tIntercept: 0.55 mView all details
Link to this fact

Identity

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

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
TN-2:48.5-49.05

Location

Easting
760659
Northing
7205902
Elevation
194 m
Azimuth
305 °
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

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: This is a narrow, low-grade intercept from a new exploration target, explicitly stated as not significant by the company, which limits its materiality.

Positive factors

  • Intercept from a new exploration target (Tarsnäs).
  • True width estimated.

Negative factors

  • Low grade (1.7 g/t Au is weak for gold).
  • Very narrow intercept (0.55 m).
  • The document explicitly states that drilling at Tarsnäs did not return any significant mineralized intercepts.

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

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

True Width DisclosedRejected · positive

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

Reason: The estimated true width of 0.48 m is stated for the intercept.

Evidence · table

“0.48”

Context: 0.55

QA/QC DisclosedRejected · positive

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

Reason: The release details 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.”

Deleterious Elements PresentRejected · negative

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.

Reason: The document mentions arsenopyrite-bearing veins in the context of mineralization, indicating the presence of arsenic.

Evidence · text

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

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.