Richard Yeates

Middle Island Resources has confirmed grade increases of between 155% and 213% from ore sorting test work at its Two Mile Hill underground gold deposit near Sandstone. The ore sorting results are a precursor to an updated mineral resource estimate which is expected this year. The sorting process uses a combination of colour and X-ray sensors to increase the ore grade by rejecting more than 50% of the waste.

ASX explorer Middle Island Resources’ diamond drilling campaign at the Two Mile Hill gold deposit in Western Australia has had a fantastic start with the first hole intersecting 8m @ 14.5g/t gold in the a banded iron formation. This style of mineralisation adds to the more substantial, but lower grade, adjacent tonalite-hosted style mineralisation in the deposit.

Middle Island Resources is keeping the momentum going at its Sandstone gold project in WA with a slew of holes to be drilled at greenfield targets during the first half of 2019. The program is aimed at identifying and quantifying additional open pit deposits of sufficient scale and grade to facilitate a recommissioning of the historic gold operation.

Middle Island Resources has been awarded a $150,000 grant from the WA Government, which will assist in funding an exploratory diamond drilling program on three geophysical gravity targets at its Sandstone gold project in WA. The discrete gravity lows are interpreted to be similar to, and located within a 1km radius of the major Two Mile Hill tonalite deposit, which is a large, low grade, gold-mineralised ore system.

Middle Island Resources pocketed $1.4m last week from an entitlements offer to shareholders that closed well over-subscribed in a challenging market. The funds were raised primarily for key exploration and development activities at the company’s Sandstone gold Project in WA’s Murchison region. This will include completing work on the flagship Two Mile Hill tonalite deeps deposit and diamond drilling three intriguing lookalike gravity targets nearby.

Middle Island Resources has announced a takeover offer for Alto Metals, proposing an all-scrip off-market consideration of five of the company’s shares for every Alto share, which could consolidate the parties’ Sandstone gold assets in WA. The addition of Alto’s gold resources could provide initial mill feed and critical mass to a combined entity with synergies that may potentially benefit shareholders of both companies.

Middle Island Resources has launched a formal takeover bid for Alto Metals, offering five of its shares for every Alto share, which could amalgamate the parties’ substantial Sandstone gold assets in WA. The addition of Alto’s gold resources could provide initial mill feed and critical mass to a combined entity with synergies that may potentially benefit the shareholders of both companies.

Middle Island Resources has identified new targets at the southern end of its Sandstone gold project in WA, which the gold explorer says indicates the area could host the densest clustering of gold deposits within the entire Sandstone greenstone belt. The targets lie within 2.5km of the company’s gold processing plant and significantly enhances the potential to contribute to a mill recommissioning decision.

Middle Island Resources has strongly reaffirmed its plan to consolidate the neighbouring gold holdings in the Sandstone region of WA, by releasing an updated Supplementary Bidder’s Statement for its all-scrip, off-market takeover of Alto Metals that it launched during the June quarter. In doing so, it has also agreed to publicly waive a condition breach related to a shortfall of securities issued by Alto earlier this year.

Middle Island Resources has completed a re-optimisation mining study at its Sandstone gold project in WA and with elevated gold prices and new pit wall parameters improving on the 2016 PFS results, the updated work now captures 75% of the global mineral resources in proposed pits. The company is also looking to recommission the Sandstone plant on a standalone basis after studies confirmed it could be refurbished over 16 weeks for only $10.3m.

WA-based explorer, Middle Island Resources, has added another notch to its exploration belt by becoming a first mover in the Northern Territory’s unexplored East Tennant province, where it has so far been awarded six out of 10 exploration licences covering part of its proposed Barkly “super-project”. The company is now confident East Tennant is, like the well-established Tennant Creek mineral field to the west, hosting IOCG ore bodies.

Existing Middle Island Resources shareholders and renowned mining investor, Stephen Copulos, have corner-stoned a $2.35 million capital raise that will see the aspiring gold miner turbocharge its WA Sandstone project. The company will now look to substantially boost its mineral resources, which already houses a mothballed mill that could be prodded back into life if a solid mineral reserve can be eeked out.

Middle Island Resources has the wind at its back and prolific investor, Stephen Copulos by its side, as the company launches into a 20,000m drilling blitz across the Sandstone Gold project in WA. The first phase of this program involves 13,000 metres of RC drilling across 14 prospective looking “open pit” gold targets that according to Middle Island, have the potential to lift existing mineral resources ahead of another update to the project’s pre-feasibility study.

Middle Island Resources has picked up an additional 1,363 square kilometres of prospective iron oxide-copper-gold, or “IOCG” ground in the Northern Territory after the Government there lifted an exploration moratorium over the East Tennant province. The company now holds ten exploration licence applications covering 3,253 square kilometres that combined are known as the Barkly Super-Project.

Middle Island Resources has tabled an impressive five-fold increase to the global mineral resource at its Sandstone gold play in Western Australia, adding half a million ounces to the Two Mile Hill Deeps deposit. This brings the total resource at the project to nearly 624,000 ounces. With the rods still turning on site and a goal of ploughing 17,000 metres of drilling into the project, it is unclear as to just where this resource will finally end up.

ASX-Listed Middle Island Resources has defined a shallow new gold deposit at the McIntyre prospect, which is just one of fourteen targets within its wholly owned Sandstone gold project, located in central WA. New, consistent shallow drill intercepts from the current RC drill program include 24m grading 1.66 grams per tonne, 23m at 1.40g/t, 11m at 1.39g/t and 18m going 1.35g/t gold have delivered a second deposit in a week.

Middle Island Resources has been on a roll at its Sandstone project in Western Australia, having smashed out over 13 kilometres of phase one RC drilling across some 14 different prospects that has identified four new deposits in the process. All of the phase one drilling was completed within a 4km radius of the company’s processing plant and importantly, most of the targets already sit on mining leases.

Middle Island Resources has continued its extraordinary track record at the Sandstone project in Western Australia, identifying a fifth new gold deposit from its latest drilling program that took in an impressive 13.4 kilometres. The company’s recent evaluation of historical data identified the Ridge prospect, which contains solid intercepts like 13 metres grading 3.81 grams per tonne gold from just 24m.

Middle Island Resources is set to build on its exceptional success at Sandstone with its Phase 2 drill campaign already underway. The new campaign comes hot on the heels of the company’s recent run of discoveries with five new gold deposits uncovered during Phase 1. The company is looking to upgrade its existing resources whilst keeping one eye firmly trained on even more new discoveries.

Middle Island Resources' Sandstone project looks to be the gift that just keeps on giving with latest drill results showing a 4m hit going 50.5 g/t gold which includes a 1m section at a crazy 198 grams per tonne gold – and only 3 metres from surface. Additional results from the Ridge prospect are expected to flow over the coming weeks.

ASX-listed aspiring gold developer, Middle Island Resources, is steadily building towards a mineable resource inventory at its historic Sandstone project in the central Goldfields in WA after recently reporting an increase in the total mineral resource that pushed it above 650,000 ounces of gold. The new resource now stands at 17.97 million tonnes going 1.13 grams per tonne for a contained 650,600 ounces of gold.

ASX-listed aspiring gold developer, Middle Island Resources, appears to have another satellite deposit unfolding at its Sandstone gold project in the central Goldfields of WA as it works towards building a mineable resource inventory to support a strategy of recommissioning the mine site’s mothballed processing plant. The new McIntyre deposit recently returned better intersections of 13m grading 1.94 g/t gold and 9m at 3.53 g/t.

ASX-listed gold hopeful, Middle Island Resources, looks to have struck paydirt at one of its new satellite deposits at its historic Sandstone gold project in WA, returning bonanza RC drill hits from the Ridge prospect that appears to be shaping up as an open pit ore source in its own right.

ASX-listed aspiring gold developer, Middle Island Resources, continues to steadily build its global gold resource based on a host of satellite deposits at its historic Sandstone gold project in WA. The latest update comes courtesy of an increase of about 7,000 ounces, or 13 per cent, for the Two Mile Hill open-pittable resource that is now estimated at 1.25 million tonnes going 1.36 grams per tonne for 55,000oz of contained gold.

ASX-listed aspiring WA gold developer, Middle Island Resources, is on the verge of receiving government approvals for multiple exploration licences that collectively make up its big greenfields Barkly copper-gold play in the Northern Territory’s newly identified East Tennant mineral province. The NT Government has given the nod to the company’s applications for licences spanning a whopping 3,253sqkm and they can now be granted at Middle Island’s option.

Middle Island Resources looks to have a new near-surface gold resource in the making at its historic Sandstone gold project in WA following more high-grade drill hits from the Plum Pudding satellite deposit. Notable latest RC drill intersections included 7m at 24.1 g/t gold from 36m, 7m at 19.0 g/t from 36m, 12m at 7.22 g/t from 40m, 3m at 24.7 g/t from surface and 3m at 10.0 g/t from 30m.

Middle Island continues to pile more gold into its inventory at Sandstone, with the company tabling its maiden resources for both the Plum Pudding and Old Town Well discoveries increasing its resource book at the developing WA gold project to 692,000 ounces. The company’s updated feasibility study for Sandstone is scheduled for release in the coming months.

The proposed multibillion-dollar merger between Kalgoorlie Super Pit owners Northern Star Resources and Saracen Mineral Holdings might be the talk of the town at next week’s Diggers & Dealers conference but gold junior and budding developer, Middle Island Resources, has been consistently kicking goals at its historic Sandstone gold project in WA during a massive two-phase, 50,000m-plus drilling campaign this year.

Middle Island Resources has increased the global gold resource based on multiple satellite deposits at its historic Sandstone gold project in WA as its massive drilling effort this year continues to pay dividends. A maiden resource estimate for the McIntyre deposit and updated estimates for the Twin Shafts and Goat Farm deposits pushed up the project’s overall contained gold figure by 40,100 ounces to above 732,100 ounces.

Middle Island Resources has pulled out all stops to get its Sandstone gold project feasibility study on the street by early in the new year. The company has cleared its backlog of samples in the assay lab, paving the way for the completion of the resource estimates over its recent gold discoveries and open pit optimisation work with the goal being first gold by 2021.

Middle Island Resources’ 50,000m-plus drilling campaign this year has reaped a mind-boggling array of high-grade gold hits from its historic Sandstone gold project in the East Murchison mineral field in WA. The positive results from its drilling blitz aimed at upgrading existing deposits, infilling and extending five new satellite open-pit deposits saw the Sandstone gold resource climb to the latest total of 732,100 ounces.

ASX-listed gold explorer and aspiring developer, Middle Island Resources, has again increased the global gold resource base at its historic Sandstone project 12km south of Sandstone in WA’s East Murchison mineral field. The Perth-based company released initial mineral resource estimates for a further two out of five new satellite deposits, pushing up the total gold content for the entire project to more than 745,000 ounces.

Middle Island Resources has discovered what it says is “significant” copper oxide mineralisation at surface at the Crosswinds prospect within its greenfields Barkly copper-gold project in the NT’s East Tennant mineral district. The company’s share price touched 38.5¢ today, rising from its closing price of 30.5¢ yesterday, after it revealed cracking spot portable XRF-gun readings of between 24.8 per cent and 76.2 per cent copper at Crosswinds.

ASX-listed gold and base metals explorer, Middle Island Resources has expanded its ground position surrounding the surface copper oxide mineralisation discovered at its 100 per cent-owned Barkly copper-gold project in the NT’s East Tennant mineral district. The company has broadened its footprint around the recent Crosswinds copper discovery by 26 per cent to a colossal 4,411 square kilometres by applying for two new tenements.

ASX-listed gold and base metals explorer, Middle Island Resources is planning to demerge its Barkly copper-gold project in the NT with the aim of creating a separately listed entity on the ASX. The move, designed to unlock greater value in its wholly owned subsidiary that houses the 4,411sqkm of Barkly tenement holdings in the East Tennant mineral district, remains subject to shareholder approval.

ASX-listed gold and base metals explorer, Middle Island Resources is looking to pick up more ground at its exciting Barkly copper-gold project in the Northern Territory’s East Tennant region. The Perth-based company has made an application for a further 809 square kilometres of prized territory that will swell its project tenure to 5,220 square kilometres across 13 exploration licences.

Middle Island Resources has set about the task of expanding the overall gold resource inventory at its multi-deposit Sandstone project in WA as it looks to improve the economic feasibility of recommissioning the old Sandstone processing plant. To help kick things along the company says it decided to extinguish the legacy two per cent net smelter return royalty that was hanging over Sandstone by paying Troy Resources $250,000.