Middle Island Resources Hits “Bonanza” Gold Intercepts at Sandstone

THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) declared its latest drilling results from the company’s 100 per cent-owned Sandstone gold project in Western Australia as being “bonanza gold grade intercepts”.

Middle Island’s latest gold results emerge from the recent Phase 2 reverse circulation (RC) drilling campaign at the Sandstone gold project at the new Ridge satellite deposit.

New Phase 2 reverse circulation (RC) intercepts at Ridge include:

4m at 99.5 grams per tonne gold
4m at 50.5g/t gold
4m at 2.42g/t gold
9m at 1.05g/t gold
9m at 5.41g/t gold
2m at 5.85g/t gold
11m at 2.16g/t gold

“Phase 2 RC drilling at the new Ridge satellite deposit confirm the previous drilling and, subject to pending drilling results from the northern extension, provide further encouragement that Ridge likely represents another new open pit deposit to supplement the planned Sandstone mill recommissioning inventory,” Middle Island Resources managing director Rick Yeates said in the company’s announcement to the Australian Securities Exchange.

“The veracity of a bonanza grade intercept in MSRC544 of 4m at 50.5g/t gold (from 3m depth), including 1m at 198g/t gold (from 4m) is confirmed by MSRC545, drilled 20 metres directly behind and down dip from MSRC544, which includes an intercept of 9m at 5.41g/t gold (from 22m depth).

“MSRC544 and MSRC545 are infill holes drilled towards the southern end of the Ridge satellite gold deposit.

“The bonanza intercept in MSRC530 of 4m at 99.5g/t gold (from 13m depth), includes 1m at 390g/t gold (from 14m) for which a duplicate assay of 1m at 502g/t gold was returned.

“MSRC530 is the most northerly hole assayed to date at the Ridge deposit; potential extensions to the north are being addressed via the completion of a further 37 RC holes (1,261m), for which assays results are pending.

“To the north of this, yet again, lies the Shillington Gap target, where initial exploratory RC drill traverses are planned later in the Phase 2 campaign.”

Ridge is one of a cluster of three new proximal satellite gold deposits at Sandstone, the others being McClaren and McIntyre, and all hosted within the southeast extension of the Shillington banded iron formation (BIF) package, located on granted Mining Lease M57/129, 2.5 kilometres from the company’s on-site Sandstone gold processing plant.




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