Middle Island Secures Commitments Worth $4 million, Further 13,000 metres RC Drilling Program Planned

May 14, 2020 12:40 PM AEST
Team Kalkine

Middle Island Resources Limited (ASX:MDI) announced that it secured commitments for $4 million to fund the second phase of exploration drilling program at the wholly owned Sandstone Gold Project.

The new capital raisings from the institutional and sophisticated investors would be utilised to fund the second phase of the drilling program with over 13,000 metres of Reverse Circulation (RC) drilling at the Sandstone Gold project.
The Gold explorer recently announced identification of the new “Plum Pudding” deposit along with encouraging assay results from the exploration program with more results to follow soon.

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