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  • Middle Island Resources Finds High Grade Gold In New Drilling In Burkina Faso 0 comments
    Jan 31, 2013 6:24 PM

    Middle Island Resources (ASX: MDI) has uncovered further high grade gold in new diamond drilling at the K4/K5 Prospect, part of the Reo Project, in Burkina Faso.

    Notable intercepts were 3 metres at 11.52 grams per tonne (g/t), including 1 metre at 31.9g/t; and 3 metres at 11.45g/t, including 1 metre at 23.2g/t gold.

    Five diamond holes were drilled to assess the geology, structure, alteration and metallurgy associated with four separate mineralised zones comprising the composite K4/K5 target, prior to infill rotary air blast and reverse circulation drilling.

    The focus of mineralisation appears to comprise a major northeast trending shear zone, which dips to the southeast, lying along the southeastern margin of the K4/K5 anomaly.

    This shear zone is consistent with a coincident gold‐arsenic‐potassium geochemical anomaly, identified in previous auger drilling.

    Although some of the diamond holes are up to 1 kilometre apart, all demonstrate intense alteration, which appears to be distinctively zoned.

    A representative selection of oxide and primary coarse rejects from the diamond drilling are being composited for preliminary metallurgical testing, prior to planned reverse circulation drilling at K4/K5 in the June quarter.

    Infill rotary air blast drilling of the K4/K5 target, comprising 156 holes for 4,916 metres, has also recently been completed and initial assays are being received and compiled.

    The results of this program will determine the quantity and extent of reverse circulation drilling at the K4/K5 Prospect.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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