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Middle Island Resources Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Two Mile Hill, McIntyre | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-6-2017: Middle Island Resources Ltd. announces an Exploration/Drilling Update report for its Two Mile Hill, McIntyre deposit at the Sandstone project. Drilling results incl. 2m @ 44.7g/t Au from 119m. Gold developer, Middle Island Resources Limited (Mid | |
| 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 reverse circulation percussion (RC) drilling completed during the June quarter at the Two Mile Hill and McIntyre prospects within the Company’s Sandstone gold project in WA. Infill RC drilling at the Two Mile Hill open pit deposit comprised 6 holes (618m). A single traverse of holes was completed across the northern end of the known open pit resource in order to refine the northern extent of the mineralised tonalite. A series of holes was also drilled on two orientations within basalts in the north-eastern quadrant of the open pit resource in order to establish the degree of mineralised zone continuity (Figure 1). This area of the Two Mile Hill resource was determined to be critical in establishing the optimum depth of the proposed open pit cut-back at this point. The Two Mile Hill RC drilling results, which include better intercepts of 2m at 44.7g/t and 4m at 3.37g/t Au, will need to be incorporated into an updated resource estimate, prior to further pit optimisation studies, to establish their economic significance. Two elements of the substantial McIntyre prospect were drilled in this RC programme, each designed to confirm and extend broad, shallow, gold intercepts encountered in previous RAB and limited RC drilling within south-eastern extensions of the Shillington banded iron formation (BIF) that are dislocated by extensive faulting (Figure 2). | |
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