Mandalay Resources Corporation announced the results of its first three, widely-spaced core holes drilled underground from the Dagny mine northeast to intersect the Fabiola and Yasna veins under Laguna Verde. All three holes intercepted major veins, tentatively correlated with strike extensions of the Fabiola and Yasna veins. Two out of the three holes (DLV13-056 and DLV13-086) intersected high-grade silver and gold mineralization over significant widths.

In addition, there are additional significant intercepts, especially in DVL12-086, that are not obviously associated with any previously known veins. Diamond core was drilled from an underground station in the Dagny mine. All holes were directionally surveyed.

Core was logged and sampled by Mandalay geologists. Core samples, including blanks, standards and duplicates, were assayed on-site at the Compañia Minera Cerro Bayo laboratory. The Cerro Bayo laboratory, which was audited in 2011 by SGS Lakefield Research Ltd., routinely sends check samples to ALS Laboratory in La Serena, Chile, following QA/QC practices established by Mandalay.