For thousands of other reports visit RSC's Mineral Intellingence Map
Middle Island Resources Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Two Mile Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-6-2017: Middle Island Resources Ltd. announces an Exploration/Drilling Update report for its Two Mile Hill deposit at the Sandstone project. Drilling results incl. 415.2m @ 1.34g/t Au from 83.7m. Gold developer, Middle Island Resources Limited (Middle I | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rick Yeates (Internal) | |
| ABSTRACT: | Gold developer, Middle Island Resources Limited (Middle Island, MDI or the Company) is pleased to announce that all gold assay results have now been returned for three diamond drill holes completed at the Two Mile Hill prospect within the Company’s Sandstone gold project in WA. The diamond coring programme comprised initial drilling co-funded under Round 14 of the WA Government’s Exploration Incentive Scheme (EIS). The purpose of the diamond core drilling programme was twofold: A) To test the down-plunge extent of gold mineralisation within the Two Mile Hill intrusive tonalite stock in an area of more limited information and to a greater depth than any previous drilling (MSDD155 & MSDD156). B) To test strong, dual electro-magnetic conductors, interpreted to represent massive sulphide (pyrite) replacement of magnetite horizons with the upper & middle Shillington BIF units at depth, where intruded by the north-eastern contact of the Two Mile Hill tonalite (MSDD154). Applying a minimum intercept grade of 0.5g/t Au, a lower cut-off grade of 0.1g/t Au and maximum 5m interval of included waste, MSDD155 generated an intercept of 70m at 0.50g/t Au from a down-hole depth of 56m, below a zone of depletion within the oxide profile. MSDD156 proved to be mineralised from the commencement of coring to the end of the hole at 498.9m, with logging and assaying demonstrating remarkably consistent vein densities, alteration intensity (as shown in Figure 1) and gold grades. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report