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Middle Island Resources Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Ridge | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/2/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-7-2020: Middle Island Resources Ltd. announces an Exploration/Drilling Update report for its Ridge deposit at the Sandstone project. Drilling results incl. 4m @ 50.5g/t Au from 3m. Explorer and aspiring gold developer, Middle Island Resources Limited (M | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] Rick Yeates (Internal) | |
| ABSTRACT: | Explorer and aspiring gold developer, Middle Island Resources Limited (Middle Island, MDI or the Company) is pleased to announce further, very high grade drill intercepts derived from infill and extension drilling at the new Ridge satellite deposit at the Company’s 100%-owned Sandstone gold project in the central goldfields of Western Australia. The Phase 2 RC program, exclusively focussed on open pit targets at Sandstone, is designed to infill and extend existing and new deposits defined by the Phase 1 program earlier in 2020, with the objective to define its gold Mineral Resources to an Indicated classification. The new Ridge results lie just northeast of the Company’s 100%-owned Sandstone gold processing plant and on permitted Mining Lease, M57/129 (Figure 1). This announcement details assay results derived from a further two RC drill intercepts, one from MSRC544 and the other from MSRC545, at the new Ridge satellite deposit. The drill intercepts are based on 1m individual samples, reported at a notional open pit cut-off grade of 0.6g/t Au and other parameters (Table 1). All results are based on 50g fire assay analyses completed by Nagrom in Perth. The exploration results have been prepared and reported in accordance with the JORC Code 2012 | |
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