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Middle Island Resources Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Wirraminna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/2/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-11-2017: Middle Island Resources Ltd. announces an Exploration/Drilling Update report for its Wirraminna deposit at the Sandstone project. Drilling results incl. 4m @ 13.4g/t Au from 0m. Aspiring gold developer, Middle Island Resources Limited (Middle I | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rick Yeates (Internal) | |
| ABSTRACT: | Aspiring gold developer, Middle Island Resources Limited (Middle Island, MDI or the Company) is pleased to advise that assay results associated with the RC component of three recently completed drilling programmes at the Company’s Sandstone gold project in WA have been returned and compiled. Results from the diamond coring components for the Two Mile Hill tonalite deeps and BIF deposits, and diamond tails relating to resource definition drilling at the Wirraminna deposit (Figure 1), are anticipated to be received within the next two weeks. A programme of resource definition RC and diamond drilling was completed during September on the recently optioned Wirraminna deposit. The Wirraminna deposit lies immediately adjacent to the Company’s Sandstone project and within 1km of the Company’s 100%-owned, 600ktpa gold processing plant (Figure 1). The Wirraminna deposit is associated with a steeply northeast dipping and northwest trending, high grade, ferruginous quartz lode that remains open at depth and to a lesser extent along strike. The latest RC and diamond drilling programme was variously designed to verify, infill and extend the existing Wirraminna gold deposit prior to upgrading the Mineral Resource to JORC 2012 compliance and undertaking pit optimisation studies. The programme comprised 1,939m of RC drilling (24 holes) as shown in Table 1 and Figure 2, including 175.9m of HQ3 diamond core tails on four holes | |
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