Middle Island Reports Further High-Grade Results from Phase 2 Drilling at Ridge Deposit

  • Jul 02, 2020 AEST
  • Team Kalkine

Middle Island Resources Limited (ASX:MDI) has announced further high-grade results from new Ridge deposit at Sandstone gold project.

The Company notified a new hole MSRC544 intersected 4m @ 50.5g/t Au (from 3m depth), including 1m @ 198g/t Au in initial Phase 2 RC drilling at Ridge deposit. Besides, another new hole, MSRC545 returned a confirmatory intercept of 9m @ 5.41g/t Au (from 22m depth).

The Company has already completed ~12,000m of the Phase 2 drilling campaign while oxide diamond coring of all of Sandstone’s new satellite deposits is planned to begin on schedule next week.

As at 11:40 AM AEST, MDI is trading at $0.021.

 


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