09:49 AM EST - Mandalay Resources Corporation : announced today that it has launched a board-approved exploration program for 2011 totaling $11.7 million U.S. and 91,000 metres across its portfolio. This program includes: 43,600 metres ($3.6 million U.S.) for infill drilling of currently inferred resources in and around the proven and probable reserves contained in the Dagny, Fabiola, Delia NW and Delia SE veins currently being mined or scheduled for mining at the Cerro Bayo Silver-Gold mine in Patagonia, Chile; 17,300 metres ($1.8 million U.S.) for step-out drilling along these same veins. Mandalay Resources Corporation
shares T.MND are trading even at $0.45.
