Post successful completion of Phase 1 drilling campaign, Middle Island Resources Limited (ASX:MDI) has kick-started Phase 2 drilling campaign at Sandstone, comprising ~13,800m of resource definition reverse circulation (RC) drilling and ~1,000m of HQ diamond drilling prior to feasibility study.
The Phase 2 resource definition drilling has been commenced as scheduled and will primarily target five new satellite deposits and an extension to Shillington. In addition, the Company has also planned the following exploration work programs:
- 1,000m of HQ diamond drilling: Expected to start in July 2020.
- Airborne magnetic & radiometric survey: Targeted to commence in June 2020.
- Phase 2 RC exploration drilling: Expected to start in July following Phase 2 RC resource definition drilling and airborne magnetic survey.
- Drone terrain survey commenced last week to complete Digital Terrain Model (DTM).
As at 11:55 AM AEST, MDI is trading at $0.016.