THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) reported further positive results from Stage II ore sorting trials conducted on drill core from the Two Mile Hill tonalite deeps deposit at the company’s 100 per cent-owned Sandstone gold project in Wetsrn Australia.
The Two Mile Hill tonalite deeps deposit comprises a gold mineralised, tonalite (granite) plug or stock, which at surface measures some 250 metres in length, 80-90m width and extends to at least 700m depth.
The deposit is located four kilometres north of Middle Island’s 600,000 tonnes per annum Sandstone gold processing plant and comprises an Exploration Target of 24 million tonnes to 34 million tonnes at 1.1 grams per tonne to 1.4g/t gold (0.9 million to 1.5 million ounces of gold) situated between 140m and 700m vertical depth, below which it remains open.
“Ore sorting trials continue to demonstrate a significant enhancement in gold grade, along with a commensurate reduction in feed mass that improves the potential viability of underground mining at the Two Mile Hill tonalite deeps deposit,” Middle Island Resources managing director Rick Yeates said in the company’s announcement to the Australian Securities Exchange.
“Considerable newsflow associated with the Two Mile Hill deposit can be anticipated in the current quarter, including diamond drilling results, a Mineral Resource upgrade and an updated underground mining concept study.
“We look forward to keeping shareholders updated on progress with the substantial Two Mile Hill tonalite deeps deposit at the Sandstone gold project during the remainder of 2018.”