viewMiddle Island Resources Ltd

Middle Island Resources set to drill Liberian gold prospect on soil sample results


Middle Island Resources' (ASX: MDI) soil sampling program at the Big Hill Prospect in Liberia, West Africa, has extended the known strike length of the mineralised gold zone to more than 3.5 kilometres.

The company is now planning an initial 5,000 metre reverse circulation drilling program to commence in the first week of January 2012, with site access and pad preparation commencing in December.

This substantially under-explored region of Liberia may yet prove to host the company’s first significant gold resource.

The Prospect is taking on significant dimensions in terms of both strike length and persistent width which, along with the shallow dip on the main mineralised zone and a deep oxidation profile, amounts to a substantial potential open pit target.

While there is clear evidence of strongly gold mineralised, sheeted quartz veins throughout the Prospect, only drilling will be able to determine if they are of sufficient density to support an adequate grade over substantial intervals.

The results come from reinvigorated artisanal saprolite (bedrock) gold mining activity at the Barteh Jam alluvial mining camp within the Nuon River Project.

Comprehensive soil sampling programs have been completed over both the Nico and Barteh Jam mining camps, with the latter grid expanded to cover potential mineralised strike extensions and repetitions.

Abundant free gold is visible in every washed pan and washed quartz vein fragments frequently carry coarse visible gold.

Reo gold project

The company has recommenced geochemical auger drilling at the Reo gold project in Burkina Faso, with three rigs on double shift having now completed some 22,598 metres (2,872 holes) of the initial 40,000 metre program.

A further 18,000 metres of infill geochemical auger drilling has been approved to refine higher priority targets for subsequent cost-effective aircore drill assessment, and one auger rig is currently assigned to this task.

An initial 10,000 metre aircore drilling program commenced at the Reo Project in November assessing existing auger geochemical anomalies associated with the Morley and K4/K5 targets.

In addition, Middle Island’s first community development program, comprising a potable water reticulation system at Pouni Nord village within the Reo Project, was officially inaugurated during October by the Burkina Faso Minister for Mines, Quarries and Energy.

Quick facts: Middle Island Resources Ltd

Price: 0.016 AUD

Market: ASX
Market Cap: $43.59 m

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