Gold player Middle Island Resources Limited (ASX:MDI) has released an Investor Presentation for April/May 2020 on the ASX. The Company’s presentation is centred around the crucial developments at its Sandstone gold project since the commencement of the massive drilling program continuing at the project.
The key things to note from the presentation include:
- 17,300m drilling campaign in progress to increase & upgrade open pit Mineral Resources.
- Aircore (1,800m) & Phase 1 RC (13,400m) completed; ~50% of assays received & reported.
- Three new discoveries to date; McClaren, McIntyre & Old Town Well.
- Total 2012 JORC Mineral Resources at Sandstone is now 624,000oz gold.
As at 11:43 AM AEST on 30th April 2020, MDI is trading at $0.012.