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Middle Island Resources Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Two Mile Hill BIF | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/14/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-7-2016: Middle Island Resources Ltd. announces an Exploration/Drilling Update report for its Two Mile Hill BIF deposit at the Sandstone project. Re-sampling historic drill core gives results incl. 22m @ 23.8g/t Au from 243m. Re-sampling of diamond dril | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rick Yeates (Internal) | |
| ABSTRACT: | Re-sampling of diamond drill core by Middle Island of the Two Mile Hill (2MH) banded iron formation (BIF) at the newly acquired Sandstone gold project in WA confirms broad widths of high grade gold at priority underground target. Re-sampling comprises part of a broader geological and geophysical review initiated by Middle Island to understand and refine Two Mile Hill’s underground potential prior to a September diamond core drilling program to extend the resource. The review is in addition to Middle Island’s immediate plans to undertake a ~4,200m RC drilling programme designed to upgrade open pit resources at the Two Mile Hill, Shillington and Shillington North deposits for inclusion in the pre-feasibility study (PFS). Middle Island Managing Director, Mr Rick Yeates: “…the current review confirms the Two Mile Hill BIF deposit as a very real, high value, readily accessible, underground target that could supplement the initial open pit operation, thereby significantly enhancing the grade, mine life and envisaged production profile at the Sandstone gold project…”. In order to verify previous diamond core results from the 2MH BIF target, a selection of the remaining half-core intercepts were cut by Middle Island, and resulting quarter-core intervals sampled and submitted to Intertek Minerals for 50gm fire assay. | |
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