- Middle Island Resources (MDI) has received significant gold results from its phase one drilling program the at the Sandstone gold project in WA
- Phase one was primarily focused on open-pit targets and results come from the McIntyre prospect
- Results from McIntyre peaked at 1.66 grammes per tonne gold and outline a second substantial gold deposit for Middle Island
- Results are now pending for the nearby Ridge prospect and will be announced once they have been analysed
- Middle Island is up a steady 25 per cent and shares are currently trading for 1.5 cents each
Middle Island Resources (MDI) has received significant gold results from the phase one drilling program at the Sandstone gold project.
The company’s Sandstone gold project is located 400 kilometres northwest of Kalgoorlie in Western Australia.
Since the 1890s, more than one million ounces of gold have been produced from surface, open pit, and underground operations.
This 13,400-metre phase one reverse circulation (RC) drill is one of four planned programs that will be undertaken at the project.
Phase one primarily focused on open-pit targets and tested 14 gold deposits and prospects.
Initial results from this program come from the Two Mile Hill deposit and the McClaren, Tailings East, and McIntyre prospects.
On April 14, results from McClaren, Tailings East and Two Mile Hill were announced, and today’s announcement only covers McIntyre.
McIntyre
The McIntyre prospect was identified by historic exploration drilling, completed by Middle Island, Herald Resources, and Troy Resources.
Mineralisation appears to extend to a depth of at least 140 metres and 180 metres in width.
Better results include 24 metres 1.66g/t gold, 23 metres 1.40g/t gold, and 11 metres at 1.39g/t gold.
These results outline a second substantial gold deposit for Middle Island.
“The broad, consistent gold intercepts returned from phase one RC drilling at the McIntyre prospect provide further exciting encouragement that the prospect may well prove to represent a second new, low stripe ratio, open-pit deposit to supplement the planned Sandstone mill recommissioning inventory,” Managing Director Rick Yeates commented.
“At this stage, the results of this program, coupled with the resources announced last week and the prevailing gold price, significantly heighten the prospect of a positive mill recommissioning decision,” he said.
Results are now pending for the nearby Ridge prospect and will be announced once they have been analysed.
Middle Island is up a steady 25 per cent and shares are trading for 1.5 cents each at 11:02 am AEST.