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Middle Island Resources aiming high for 1m ounces of gold in Liberia

Middle Island Resources (ASX: MDI) has uncovered a new broad, cohesive, 3 kilometre long, high tenor gold soil anomaly at the Big Hill Prospect in Liberia, West Africa.

Soil gold geochemical results from the Barteh Jam mining camp defined the east to west trending anomaly which indicates a peak value of 2,340 parts per billion, or 2.34 grams per tonne (g/t).

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

Big Hill at Barteh Jam mining camp

The Big Hill 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.

In November, Middle Island announced its soil sampling program had extended the known strike length of the mineralised gold zone to more than 3.5 kilometres. 

The southern margin of this new anomaly is consistent with the mapped distribution of major artisanal saprolite gold workings associated with the Big Hill Prospect.

Satellite gold anomalies also appear to be present along the northern extremity of the existing soil grid that will require further investigation.

Equally, the distribution of artisanal saprolite and alluvial gold workings suggest there is considerable potential to identify extensions and repetitions of the main Big Hill anomaly to both the east and the west.

Middle Island will begin a 5,000 metre reverse circulation program at Big Hill this month. Site access and drill pad preparation are already underway.

Meanwhile, a comprehensive stream sediment sampling campaign, covering the whole of the Nuon River project area, is now well underway with 122 samples of a planned 340 sample program already collected and submitted for multi-element analysis.

The campaign is designed to identify and discriminate anomalies to delineate specific sources of primary gold mineralisation. Sample collection is progressing at the rate of three to five samples per day, depending on terrain.

Middle Island is also planning to undertake an airborne magnetic and radiometric survey over the whole of the Nuon River Project, starting next week.

The survey, which is being conducted by South Africa based Xcalibur Geophysics, is expected to take two to three weeks to complete.

The potential for a substantial gold Resource at the Nuon River Project is high given it is immediately along strike from the 5 million ounce Ity gold project in Cote d’Ivoire.


Reo – Burkina Faso

Middle Island has completed an additional 26,169 metres across 3,430 holes since recommencing geochemical augur drilling at the Reo Gold Project in Burkina Faso in October.

The additional drilling brings the total drilling to date to 42,144 metres across 5,400 holes of the extended 58,000 metre program. Four auger rigs are currently deployed on the Reo Project.

Assays for a further 2,358 auger holes have been received and are being progressively compiled.

Of particular note is the definition of a 3 kilometre long gold anomaly at the northern end of the project, known as the Samba Prospect, where the major Yako Shear is deflected around the western margin of an interpreted mafic intrusive body.

Significantly, this is the third broad target to be identified at the Reo Project, all three of which are being assessed through a rotary air blast drilling campaign.

An initial 10,000 metres rotary air blast drilling program, designed to assess priority auger gold geochemical targets, began at the Reo Project at the end of November.

To date 140 holes totalling 5,008 metres have been completed, primarily within the Morley Prospect area.

An indicator of the potential of the Reo Project is its proximity to multi-million ounce mines in the region.

Reo is just 90 kilometres to the south of the 1.5 million ounce Poura mine, 100 kilometres southwest of the 3 million ounce Mana mine, and the Perkoa mine is immediately adjacent to the southeast.


Nassile & Dogona Gold Projects – Niger


An initial 7,500 metre reverse circulation drilling program began at the Nassile Project and so far 31 holes for 2,453 metres have been completed on the Songonduari Prospect.

The program is assessing the 7 kilometre long Songonduari and 1.2 kilometre long Forbemi gold anomalies, defined by auger geochemistry last field season.



Middle Island’s Goal

Middle Island is targeting a 1.1 million ounce gold Resource base within two years on at least one project in West Africa.

The company has seven drill rigs operating on three projects to assess five significant targets, any of which has the potential to meet Middle Island’s state minimum resource objective.

Middle Island is also continuing geophysical and geochemical surveys to ensure a pipeline of similar targets are being progressively generated.

This aggressive, yet systematic, exploration campaign is expected to generate a flow of news during the March and June quarters this year.

Analysis

MDI has a highly experienced team and strong projects. Barteh Jam is the second largest artisanal gold camp in Liberia and with strong technical merit it is entirely feasible that it may develop into the company’s first significant gold resource.