Middle Island Resources Identifies Gold Targets at Davis Prospect

THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) announced results from recent geochemical auger and aircore drilling undertaken at the Davis prospect, within the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Middle Island said the Davis prospect was designated as a highest priority target by a targeting study completed earlier this year.

A combined auger (shallow) and aircore (deeper) geochemical drilling program was completed over the Davis target resulting in the identification of four principal anomalies.

Individually the anomalies have strike lengths of approximately 200 metres, however Middle Island believes some may prove to be linked over strike lengths up to 600m.

The company described the gold anomalies as cohesive in nature, with each comprising a series of high values considered to be typical of gold dispersion patterns in such environments.

As the company currently has a RC drill rig on site, it decided to drill a traverse of angled RC holes across each of the Davis West and Davis East anomalies to provide an initial assessment as to the nature and tenor of the saprolitic source of gold mineralisation.

Five initial RC holes, to approximately 80m depth (400m in total), are planned.

All gold anomalies comprising the Davis prospect are situated within one kilometre of the 600,000 tonnes per annum Sandstone gold processing plant.

Middle Island considers the resource definition drilling currently underway at the nearby Wirraminna deposit, combined with the Davis targets enhances the potential to contribute to an early mill recommissioning decision.

“Although only a technical success at this stage, identification of the Davis anomalies beneath an extensive blanket of transported cover, in the company’s first genuine grassroots exploration campaign at the Sandstone gold project, is extremely gratifying,” Middle Island Resources managing director Rick Yeates said in the company’s announcement to the Australian Securities Exchange.

“The discovery thoroughly vindicates the Orefind team’s application of sound structural and lithological evidence, based on geophysical data and astute field observations, and provides considerable confidence that additional anomalies will be generated from the remaining 30 targets generated by the WoE (weights of evidence) study.

“Should drilling confirm the presence of significant saprolite mineralisation at any one or more of the Davis anomalies, such a discovery would represent an additional catalyst for an early plant recommissioning decision.”

Email: info@middleisland.com.au

Website: www.middleisland.com.au