Continues To Add To Exciting Sandstone Gold Project Story
Middle Island Resources Limited (ASX: MDI) has announced further significant gold results emerging from the company’s Phase 2 reverse circulation (RC) drilling campaign at its 100%-owned Sandstone gold project in the central goldfields of Western Australia.
Middle Island has completed more than 50,000m of drilling in Phase 1 and Phase 2 to date in 2020, extending several existing Sandstone deposits and identifying five new satellite open pit deposits.
The Phase 2 RC and diamond drilling programme was predominantly focussed on upgrading existing deposits and infilling and extending the five new satellite open pit deposits, McClaren, McIntyre, Ridge, Old Town Well and Plum Pudding, identified by the Phase 1 RC drilling campaign in the first half of CY2020.
New high-graded Phase 2 reverse circulation (RC) intercepts derived from the Shillington deposit include 6m @ 10.5g/t Au and 8m @ 9.12g/t Au.
The Phase 2 drilling campaign was designed to upgrade existing deposits and infill and extend the five new satellite open pit deposits to an Indicated Mineral Resource classification (nominal 20m x 20m drill pattern).
Reconnaissance RC drill traverses were also completed across elements of the 1.1km-long Shillington Gap target, interpreted from high resolution airborne magnetic data to lie beneath shallow transported cover between the Shillington and Ridge gold deposits.
Notably, all new deposits are located on existing Mining Leases within 2.5km of the company’s 100%-owned gold processing plant.
Managing Director, Rick Yeates, said the final Phase 2 RC drilling at Shillington has validated the existing resource model and is anticipated to permit the two ‘panels’ of Inferred Mineral Resources to be upgraded to an Indicated classification for consideration as Ore Reserves.
The recent drilling has also extended shallow mineralisation to the north of the existing deposit limits.
