Gold Explorer Middle Island Releases March 2020 Quarter Report

April 29, 2020 12:36 PM AEST
Team Kalkine

Gold player, Middle Island Resources Limited (ASX:MDI) has released Quarterly Report for the period ended 31^st March 2020, during which the Company reported significant progress at its flagship Sandstone project. Below are the key operational highlights for the quarter:

Completed two of the four planned programs in massive ~17,300m drilling campaign.
Identified three new open pit deposits from RC drilling.
Estimated Inferred Mineral Resource for the gold deposit - Two Mile Hill deeps.

In addition to these developments at Sandstone, the Company was allocated portions of a further four competing exploration licence applications within Barkly super project.

The Company had aggregate cash and investments of $2.28 million as at 31^st March 2020.

MDI is trading at $0.013, up by 8.3 per cent, as at 11:51 AM AEST on 29^th April 2020.

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