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Middle Island Resources Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Two Mile hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/14/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-4-2020: Middle Island Resources Ltd. announces a Resource Estimation report for its Two Mile hill deposit at the Sandstone project. Updated Mineral Resource Estimate for Project. Explorer and aspiring gold developer, Middle Island Resources Limited (Mi | |
| Resources: | (Resources, Inf.): 14.2Mt @ 1.1g/t Au | |
| CP/QP: | [Resources]: Lisa Bascombe (Mining Plus Pty Ltd.) | |
| ABSTRACT: | Explorer and aspiring gold developer, Middle Island Resources Limited (Middle Island, MDI or the Company) is pleased to announce a new 500,000oz JORC Code 2012 gold Mineral Resource at the Two Mile Hill deeps deposit within the Company’s 100%-owned Sandstone gold project in Western Australia. Estimation of the Two Mile Hill deeps deposit takes Middle Island’s total JORC Code 2012 Mineral Resources to 624,000oz gold, with further additions anticipated once the Company’s current 17,300m drilling campaign is complete. Middle Island commissioned Mining Plus Pty Ltd to undertake an independent estimate of the Two Mile Hill deeps deposit, comprising both the tonalite deeps and BIF deeps components. The tonalite deeps deposit was previously classified as an Exploration Target (refer ASX Release dated 29 November 2017), extending from the base of the quantified open pit Mineral Resources at 140m below surface to 700m depth, below which it remains open. The deepest diamond drillhole (MSDD156) completed to date at the Two Mile Hill tonalite deeps deposit is 713m, which generated a mineralised intercept of 508.3m at 1.38g/t Au from the commencement of coring at 83.7m depth, including 160m at 2.31g/t Au from 432m depth (refer ASX Release dated 14 November 2017). | |
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