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Middle Island Resources Ltd.
Summary
| Project: | Sandstone | |
|---|---|---|
| Deposit: | Wirraminna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-10-2018: Middle Island Resources Ltd. announces an Exploration/Drilling Update report for its Wirraminna deposit at the Sandstone project. Drilling results incl. 6m @ 6.62g/t Au from 84m. Aspiring gold developer, Middle Island Resources Limited (Middle | |
| 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) advises that new assay results have been received for an infill and extension RC (reverse circulation percussion) drilling programme recently completed at the optioned Wirraminna gold deposit, as well as maiden RC drilling at the Cowan gold prospect, both within the Company’s wholly-owned Sandstone gold project in WA. The Wirraminna deposit is situated 1km northwest of the Company’s 100%-owned, 600ktpa gold processing plant, while the Cowan prospect is located ~500m east of the Two Mile Hill gold deposit (Figure 1). The Wirraminna deposit is associated with a steeply northeast dipping and northwest trending, ferruginous quartz lode that remains open at depth and to a lesser extent along strike. The recent drilling programme was designed variously to verify, infill, and extend the existing Wirraminna gold deposit. The existing Mineral Resource estimate for the Wirraminna deposit is 550,000t at 1.3g/t Au for 23,000oz gold (at a 0.5g/t lower cut-off grade), some 55% of which is classified as an Indicated Mineral Resource, whilst the balance is in the Inferred category (refer ASX Release dated 8 December 2017). Twenty-three RC drill holes (MSRC269 - MSRC291) comprising 1,944mwere completed at the Wirraminna deposit during August 2018 (Table 1) and (Figure 2). | |
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