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- Explorer and aspiring gold developer Middle Island Resources (MDI) has found further gold at its Plum Pudding deposit within its Sandstone project
- The company has found multiple gold intercepts from its phase two drilling program
- Results include seven metres at 24.1g/t of gold and seven metres at 19.0g/t of gold
- Middle Island has currently completed more than 45,000 metres of drilling in phase one and phase two in 2020
- The company has also elected to launch phase three exploration drilling at Sandstone due to the positive results in the first two phases
- Middle Island remains in the grey before the market opens and is trading for 1.7 cents per share
Explorer and aspiring gold developer Middle Island Resources (MDI) has found further gold at its Plum Pudding deposit within its Sandstone project in WA.
The company has seen results from its phase two drilling program and has found multiple gold intercepts.
Middle Island has currently completed more than 45,000 metres of drilling over phase one and phase two in 2020, this has extended several existing deposits and identified five new satellite open pit deposits.
The ongoing phase two drilling was focused on the five new satellite open pit deposits — McClaren, McIntyre, Ridge, Old Town Well and Plum Pudding — which were identified in the phase one drilling program.
Plum Pudding was the standout and included results such as seven metres at 24.1g/t of gold and seven metres at 19g/t of gold. The deposit is located 850 metres south of the company’s owned 600,000 tonnes per annum gold processing plant.
What’s next?
Around 10,000 reverse circulation (RC) samples from the phase two drilling campaign still remain in Perth laboratories awaiting assays. These results will be in the feasibility study.
“The remaining RC rig has now moved to Sandstone’s exciting Shillington Gap target, situated between the Shillington and Ridge gold deposits,” the company said.
Additionally, the company has also elected to launch phase three exploration drilling at Sandstone due to the positive results in the first two phases.
Middle Island remains in the grey before the market opens and is trading for 1.7 cents per share at 9:51 am AEST.
