12:04 PM EST - Mandalay Resources Corporation : Reported on the initial encouraging results of its regional testing programs and high-grade resource extensions in both the Youle and Aurora ore bodies at its Costerfield operation in Victoria, Australia, and its Björkdal operation in Skellefteå, Sweden. Exploration Highlights:Early success in regional drilling program with significant intercepts in first drill hole into Brown’s prospect: 14.5 g/t gold, over a true width of 1.27 m and 23.5 g/t gold over a true width of 0.12 m in BWN001 (first hole in the testing program). The high-grade Youle ore body extends to the north with substantial grades intercepted: 21.7 g/t gold and 1.7% antimony over a true width of 1.23 m in BC099; and 44.3 g/t gold and 26.3% antimony over a true width of 1.07 m in BC100. Mandalay Resources Corporation
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