03:52 PM EST - Mandalay Resources Corporation : announced that the 2010 Augusta Deeps drilling and capital development project has resulted in increased mineral resources and replaced reserves in the Augusta East and West lodes at its 100% owned Costerfield gold-antimony mine in Victoria, Australia. The new resources consists of a total of 236,000 tonnes containing 89,000 ounces of gold (+7.8%) and 16,700 tonnes of antimony (+16.1%) in the measured and indicated categories as of December 30, 2010, compared to 219,000 tonnes of measured and indicated resource containing 83,133 ounces of gold and 14,015 tonnes of antimony in the March 1, 2010, estimate. Mandalay Resources Corporation
shares T.MND are trading even at $0.71.
