Middle Island Resources Identifies Fresh Gold Targets

THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) has been encouraged by results of a recent geochemical aircore drilling program on several Weights of Evidence (WoE) targets defined within the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Middle Ialnd said the new gold targets are close to five known deposits it had previously identified in fresh drilling at southern end of the Sandstone gold project.

The results from geochemical aircore drilling on several Weights of Evidence (WoE) targets have defined several new blind gold anomalies defined beneath a blanket of transported sheetwash cover with a further 18, including higher priority, WoE targets still to be tested.

Three cohesive gold anomalies, with peak values up to 337ppb gold (0.34g/t) were defined over individual strike lengths of approximately 160 metres, some of which remain open beyond the sampled area.

Each of the anomalies is consistent with nearby, high-grade open pit deposits that have been mined and processed.

All new gold anomalies lie within 2.5 kilometres of Middle Island’s 600,000 tonnes per annum Sandstone gold processing plant, consistent with an area hosting the highest density of gold deposits within the entire Sandstone greenstone belt.

The company said that the correlation between the position and orientation of the anomalies, and previous success enjoyed at the project’s Davis prospect, provides considerable confidence that other Sandstone WoE targets may generate similar anomalies.

Each of these new WoE targets enhances the potential of a mill recommissioning decision, consistent with Middle Island’s primary objective.

Further aircore and reconnaissance RC drilling will be planned to respectively extend and test the WoE anomalies in order to understand the nature and tenor of associated saprolitic and bedrock mineralisation.

“The receipt of further encouraging exploration results from the recently completed aircore geochemical drilling is extremely pleasing,” Middle Island Resources managing director Rick Yeates said in the company’s announcement to the Australian Securities Exchange.

“All gold anomalies associated with these WoE targets lie on permitted Mining Leases and within 2.5 kilometres of the company’s 600,000 tonnes per annum Sandstone gold processing plant, enhancing their potential to contribute to a mill recommissioning decision.

“Following initial exploration success at Davis, the latest results also serve to further confirm the validity of the WoE study, with a further 18 targets (many of which are higher priority) yet to be tested.

“I acknowledge the efforts of the small, but effective, MDI team that is progressing our exploration strategy, while simultaneously progressing our consolidation strategy, consistent with the company’s stated objectives.”


Email: info@middleisland.com.au

Website: www.middleisland.com.au