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Middle Island Resources Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Two Mile Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-8-2018: Middle Island Resources Ltd. announces an Exploration/Drilling Update report for its Two Mile Hill deposit at the Sandstone project. Drilling results incl. 93m @ 2.57g/t Au from surface. Aspiring gold developer, Middle Island Resources Limited | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Geoffrey Laing, Hugo Viviani, Rick Yeates (Not stated;Internal) | |
| ABSTRACT: | Aspiring gold developer, Middle Island Resources Limited (Middle Island, MDI or the Company) is pleased to advise that final assay results have been received for the Stage 1 infill diamond drilling programme, completed in July at the Company’s wholly-owned Sandstone gold project in WA. The drilling programme comprised infill diamond drilling in the upper half of the tonalite deeps deposit at Two Mile Hill. The Two Mile Hill tonalite deeps deposit comprises a ubiquitously gold-mineralised tonalite (granite) plug or stock, which at surface measures some 250m in length, 80-90m in width and extends to at least 700m depth. The deposit is located 4km north of the Company’s 600,000tpa Sandstone gold processing plant via an existing haul road. The Two Mile Hill tonalite deeps deposit comprises an Exploration Target of 24Mt to 34Mt at 1.1g/t to 1.4g/t Au for 0.9M to 1.5Moz of gold (refer ASX Release 29 November 2017) situated between 140m and 700m vertical depth, below which it remains open. Seven drill holes (MSDD262-MSDD268) comprising 988.0m of RC pre-collar and 1,121.2m of NQ2 diamond tails, for a total of 2,109.2m, were completed at the Two Mile Hill tonalite deeps deposit during July 2018. The programme was designed to infill the existing diamond drilling within the upper half of the tonalite deeps deposit, extending from 140m depth (base of the open pit Mineral Resource) to ~420m depth. | |
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