Middle Island Resources Scores at McIntyre Deposit

THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) continued its run of positive results from a Phase 2 reverse circulation (RC) drilling campaign underway at the company’s 100 per cent-owned Sandstone gold project in the central goldfields of Western Australia.

Middle Island’s recent results have come in the form of broad intervals of shallow dipping, BIF-hosted gold mineralisation from surface in infill and extension drilling of the new McIntyre satellite gold deposit.

New Phase 2 reverse circulation (RC) intercepts from McIntyre include:

13 metres at 1.94 grams per tonne gold
9m at 3.53g/t gold
26m at 1.38g/t gold
18m at 1.36g/t gold
17m at 1.20g/t gold
23m at 2.08g/t gold
24m at 1.95g/t gold
18m at 2.47g/t gold
14m at 2.22g/t gold

Middle Island believes the McIntyre prospect could very well make a positive contribution to the project’s mill recommissioning inventory.

“Phase 2 infill and extension RC drilling at the new McIntyre deposit has confirmed the broad, consistent gold intercepts returned from Phase 1 RC drilling of that deposit,” Middle Island Resources managing director Rick Yeates said in the company’s announcement to the Australian Securities Exchange.

“These provide further encouragement that McIntyre will likely represent a new, low strip ratio, open pit deposit to supplement the planned Sandstone mill recommissioning inventory.

“I look forward to sharing with you further Phase 2 RC drilling results, derived from the remaining four new satellite deposits, as they are received and compiled over the coming weeks.”

The McIntyre results were quickly followed up by further Phase 2 reverse circulation (RC) intercepts from the Old Town Well target that included:

3m at 20.6g/t gold
14m at 2.22g/t gold
6m at 3.23g/t gold
14m at 1g/t gold
8m at 1.8g/t gold

Middle Island considers Old Town Well is likely to represent a larger oxide gold deposit, the majority of which is shallow, including a blanket of mineralised laterite from surface.

The Old Town Well satellite deposit, situated only 600m north of the company’s 100 per cent-owned 600,000 tonnes per annum gold processing plant, will now be assessed as part of Sandstone’s current feasibility study (FS).

TO READ BOTH ANNOUNCEMENTS IN FULL: CLICK HERE and CLICK HERE

 

Email: info@middleisland.com.au

Web: www.middleisland.com.au