THE DRILL SERGEANT: Middle Island Resources has claimed discovery of a fourth new god deposit at the company’s 100 per cent-owned Sandstone gold project in Western Australia.
Middle Island Resources declared the Plum Pudding deposit has been defined from Phase 1 reverse circulation (RC) drilling, conducted 850m south of the gold processing plant.
Highlighted intercepts from the recent RC drilling at the Plum Pudding deposit include:
3 metres at 3.72 grams per tonne gold from 29m, 10m at 3.08g/t gold from 41m, and 3m at 3.72g/t gold from 29m; and
2m at 4.98g/t gold from 33m, 2m at 4.98g/t gold from 33m, and 12m at 0.93g/t gold from 39m.
“Centred on a high-grade mineralised core defined by previous drilling, Phase 1 RC drilling at the Plum Pudding deposit has extended mineralisation over a 240 metres strike length to the south,” Middle Island Resources managing director Rick Yeates said in the company’s announcement to the Australian Securities Exchange.
“Subject to infill and verification RC and diamond drilling, Plum Pudding is likely to represent a further new, shallow, oxide gold deposit that will be assessed as part of the updated pre-feasibility study (PFS), particularly as it is situated only 850 metres south of the company’s 100 per cent-owned, 600,000 tonnes per annum processing plant, within granted Mining Lease M57/129.
“The Directors look forward to sharing the final Phase 1 RC drilling results with you as they are received and compiled.
“The results of this program to date and the strong prevailing gold price significantly heighten the prospects of a positive mill recommissioning decision.”