Middle Island Resources Intersects 415m of Gold

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THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) announced remarkable gold assay results from three diamond drill holes completed at the Two Mile Hill prospect within the company’s Sandstone gold project in Western Australia.

Middle Island Resources said the diamond coring program, comprising drilling co-funded under Round 14 of the WA Government’s Exploration Incentive Scheme (EIS), was tasked with:

Testing the down-plunge extent of gold mineralisation within the Two Mile Hill intrusive tonalite stock in an area of more limited information and to a greater depth than any previous drilling (Holes MSDD155 and MSDD156); and

Testing strong, dual electro-magnetic conductors, interpreted to represent massive sulphide (pyrite) replacement of magnetite horizons with the upper and middle Shillington BIF units at depth, where intruded by the north-eastern contact of the Two Mile Hill tonalite (Hole MSDD154).

Hole MSDD156 returned a gold intersection of 415.2 metres at 1.34 grams per tonne, ending in mineralisation.

This is the deepest hole to be drilled thus far at the Two Mile Hill prospect.

A cored portion of MSDD156 displayed mineralisation from start to finish and remains open at depth, with the final interval comprising 66.9m at 3.27g/t gold (from 432m to end of hole at 498.9m).

Middle Island explained that when combined with the RC pre-collar (MSDD155) immediately adjacent to MSDD156, the extended mineralised intercept becomes 457.9m at 1.28g/t gold with veining, alteration and associated gold mineralisation in MSDD156 consistently developed throughout the entire hole.

The company reported the intercept in MSDD156 to be entirely consistent with previous diamond drilling at Two Mile Hill, which includes:

372.7m at 1.52g/t gold;
230.4m at 1.62g/t gold;
353.3m at 1.04g/t gold;
141.0m at 2.30g/t gold; and
156.3m at 1.14g/t gold.

Middle island claims the drilling confirms the presence of a substantial and ubiquitously mineralised system measuring 250m in strike and up to 80m in width that is mineralised to at least 500m depth.

The company considers the results to increase the possibility of bulk underground mining beneath the proposed open-pit cutback at Two Mile Hill.

“The intercept of 412.2m at 1.34g/t Au in MSDD156 is an exceptional result, by any measure, that I am extremely pleased and proud to be able to report to Middle Island shareholders,” Middle Island Resources managing director Rick Yeates said in the company’s announcement to the Australian Securities Exchange.

“While the result itself is no great surprise, given the multiple previous intercepts of similar length and tenor returned from the Two Mile Hill tonalite, it does serve to confirm the extraordinary depth continuity and consistency of mineralisation within the intrusive.

“What is particularly encouraging is that the last 67 metres of MSDD156 averages 3.27 grams per tonne gold, suggesting that not only does the strong mineralisation persist, but that the tenor may even increase with depth closer to the interpreted position of the Shillington Thrust.”

Email: info@middleisland.com.au

Website: www.middleislandcom.au