Middle Island Resources Limited (ASX:MDI "Middle Island") has announced that a further new gold deposit, Plum Pudding, has been defined from Phase 1 reverse circulation (RC) drilling,
What are the key highlights?
- Plum Pudding is 850m south of the gold processing plant within Middle Island’s wholly-owned Sandstone gold project in WA.
- The Plum Pudding deposit has been significantly extended south of previous drilling results of 17m at 8.16g/t, 11m at 22.5g/t, 12m at 3.52g/tand 8m at 6.98g/t Au.
- The southern extension comprises stacked, shallow mineralised zones over a 120m aggregate width and 240m strike length, including new intercepts of 3m at 3.72g/t, 10m at 3.08g/t, 2m at 4.98g/t, 3m at 3.72g/t, 2m at 4.98g/t and 12m at 0.93g/t Au.
- Subject to infill and twin-hole drilling, Plum Pudding is likely to represent a further new, shallow, oxide open pit gold deposit, including a blanket of mineralised laterite from surface.
- Results relating to the remaining 65 holes (4,209m) of the Phase 1 RC drilling program are anticipated in coming weeks.
Refer to the announcement linked below for further details.