Middle Island Resources has outlined an extensive lead-zinc target in Serbia after its first soil-sampling program at the historic Tisovik lead mine returned a widespread anomalism. The company says the mineralisation remain open to the north where sampling lines near the projected strike of the “Tisovik limestone” - the same geological unit that historically produced exceptional lead grades during multiple mining phases dating back to the 1930's.
Middle Island Resources has struck a multi-metal jackpot with a rich mix of gold, silver, copper, lead and zinc at its historic Bobija mine in Serbia. Channel sampling from the pit floor delivered standout hits including 8.25g/t gold and 499g/t silver across four channels. The results mark the company's first major exploration success in the Western Tethyan belt and set up a strong platform for drilling.
Middle Island Resources has appointed dealmaker Daniel Raihani as its new non-executive chairman to steer the company through its next growth phase. The move comes as Middle Island prepares to seal the deal to buy Konstantin Resources and kick off a maiden drilling program targeting copper, gold, silver, zinc and lead at Konstantin's Bobija project in Serbia.
Middle Island Resources has launched a maiden, 800m reverse circulation drilling program at its Serbian Bobija polymetallic project, targeting gold-silver-copper-lead-zinc mineralisation below the historic Bobija open pit from which channel sample results are pending. With Bobija rock chip results assaying up to 5.24g/t gold, 120g/t silver, 4.66% zinc and 4.36% lead, the company sees a possible analogue with the 20Mt polymetallic DPM Metals' Vares project in adjacent Bosnia-Herzegovina.
Middle Island Resources has begun field exploration at the company's Bobija polymetallic project in western Serbia, targeting exposed barite-sulphide mineralisation in the historic open-pit mine. Initial rock chip and channel sampling aims to validate previous sample results up to 5.24g/t gold and 120g/t silver, while soil sampling is planned to chase up areas defined by anomalous stream sediment results.
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Middle Island Resources' share price rocketed 80 per cent from $0.02 to $0.036 a share today, driven by its potentially transformative acquisition of Konstantin Resources. The unlisted Australian company holds 14 exploration and mining licences enclosing 620 square kilometres of Serbia's Western Tethyan Belt, a globally renowned copper-gold province. The deal, paired with a $3.4 million placement at $0.017 per share, strengthens Middle Island's position as a multi-jurisdictional copper-gold explorer.
Middle Island Resources' review of data from its fully owned Ridgelands project in Queensland has produced a walk-up target area where 1980s exploration revealed enticing rock sample assays to 14.6g/t gold. The old data also reveals soil-gold anomalism above 0.05 parts per million to a peak of 5.66g/t gold, while shallow reverse circulation drilling attained a best intercept of 10m at 1.15g/t gold.
Middle Island Resources has hit the ground running with the completion of the first of three diamond drill holes at its Flintstones-themed Georgina project in the Northern Territory where it is testing for iron oxide-copper-gold (IOCG) potential. The company recently kicked off its first round of drilling at Georgina and is expecting to drill three diamond drill holes between 600m and 650m deep.
Middle Island Resources has kicked off its first round of drilling for the year, with three deep diamond drillholes to test three iron oxide-copper-gold (IOCG) targets at its Barkly “super project” in the Northern Territory. The program entails three holes targeting depths between 600m and 650m, constituting the company's maiden testing of the Wilma, Pebbles and Dino IOCG prospects within its Georgina project.
Middle Island Resources has secured the maximum $300,000 grant from the NT Government, which the company says is an endorsement of the significant targets at its Barkly copper-gold “super-project” in the Top End. The co-funded payment will enable the first-round testing of a spread of iron oxide-copper-gold targets at its Georgina project and one deep diamond-hole at its Bedrock prospect within the Barkly ground.
Middle Island Resources is onto several new iron-oxide-copper-gold and sediment-hosted base metals targets from gravity survey data at its Barkly project close to Tennant Creek in the Northern Territory. Modelling of detailed geophysical data collected in 2023 over eight priority targets has detected several density anomalies with shapes and sizes that may represent sizeable mineral deposits.
Perth-based explorer King River Resources is on the hunt for high-grade gold in elephant country in Australia's Top End. It has plenty of cash and a gaggle of lucrative-looking targets begging to see a drill bit. With miners selling gold at record highs, King River's focus on Tennant Creek in the NT, an area that has historically pumped out millions of gold ounces, is timely.
Middle Island Resources has prioritised exploration targets for iron oxide-copper-gold mineralisation and sediment-hosted base metals of copper-zinc-lead-silver at its Barkly project near Tennant Creek in the Northern Territory. The company says one of its company's application areas has two high-priority shallow targets based on historic data that reveal a pathway copper-gold indicator of silver showing 87 grams per tonne.
Aurumin has acquired two new exploration licence applications next to the company's 881,000-ounce Sandstone gold project. The new ground encloses similar prospective geology and mineralisation controls to those within Aurumin's main project area. With only limited exploration to date at the company's new ground, it offers considerable additional potential to discover previously unknown areas of gold mineralisation.
Middle Island Resources has officially increased its tenure in the Northern Territory and expanded its Barkly site after completing the acquisition of the East Tennant project from Strategic Energy Resources. The purchase covers six exploration licenses, taking its total landholding in the East Tenant region to an impressive 6753 square kilometres, with exploration programs set to be planned to identify new priority targets.
Middle Island Resources has increased its tenement holdings in the Northern Territory after entering into a binding agreement with ASX-listed Strategic Energy Resources to purchase its East Tennant project. The acquisition will expand the company's Barkly super project in the region and adds 1319 square kilometres of ground to take its total tenement area to an impressive 6753sq km.
Middle Island Resources has named Roland Bartsch, a geologist with 35 years' experience, as its new CEO. The industry veteran will lead the company's copper-gold hunt at its flagship Barkly project in the Northern Territory. With its maiden drilling program delivering the trademarks of an iron oxide-copper-gold-style mineralisation, the company has plucked a CEO with a background of developing and managing similar projects.
Middle Island Resources is widening its copper-gold chase at its Barkly project in the NT with its maiden drilling program throwing up all the trademarks of an iron oxide-copper-gold style mineralisation. The company has been on the hunt for all available sources of data to build into its geological model as it awaits final assay results from the four-hole probe.
ASX-listed Aurumin is now wielding a gold inventory of 946,000 ounces in WA's Mid West region after tabling resource updates for the company's newly acquired Central Sandstone deposits and incorporating its nearby Johnson Range project into one operation. Notably, the explorer boosted the gold grade of the operation's centrepiece, the Two Mile Hill underground deposit, from 1.1 grams per tonne to 1.6 g/t.
ASX-listed Aurumin has embarked on a mapping and soil sampling campaign across the company's Greater Sandstone gold project in WA's Mid West region as it looks to generate targets for further exploration work. Aurumin's program aims to cover the majority of its tenement package and has kicked off at the explorer's newly acquired ground that was purchased from private outfit Mining Equities for 500,000 Aurumin shares and a one per cent net smelter royalty.
Middle Island Resources has been buoyed by visual analysis of a completed maiden drill program at its Crosswinds copper prospect in the NT where the company is targeting iron oxide-copper-gold alteration. The company says iron oxide-copper-gold hematite alteration, including carbonate, potassic feldspar, sericite and biotite alteration has been visually observed in all four completed holes.
Middle Island Resources has completed its maiden drilling program for iron oxide-copper-gold, or "IOCG”-style mineralisation at the company's copper gold project in the NT's Barkly region, east of Tennant Creek. After intersecting IOCG-style alteration in its first 808m diamond drill hole at the start of the month, the explorer has chewed through another 2217m in search of a large-scale and lucrative IOCG deposit.
Middle Island Resources has revealed a strong iron oxide-copper-gold-style alteration in its first diamond drill hole at Crosswinds in the Northern Territory East Tenant region. The hole was drilled to 808.4m and intersected increasing veining, brecciation and alteration at depth. The current exploration campaign is targeting previously uncovered aeromagnetic and induced polarisation geophysical anomalies beneath a trench sample of 130m at 0.75 per cent copper.
Middle Island has unveiled a couple of drill-ready targets at its Crosswinds copper prospect in the Northern Territory after a five-line Induced Polarisation survey at the site. The company says the zones are supported by ground-based gravity work and regulatory assessments are the only thing standing in the way of an imminent probe.
Junior explorer Aurumin has just wrapped up the first stage of auger drilling at its recently-acquired Central Sandstone gold project in WA. A vehicle-mounted auger drill rig tested five near-mill targets in addition to a further 29 areas of interest. The 467-hole program aimed to geochemically sample the interface between the covering sediments and bedrock with the company expecting its results in a few weeks.
ASX-listed Middle Island Resources has completed a ground-based induced polarity survey at its Barkly copper-gold project in the Northern Territory's East Tennant Creek region. The company says the survey is expected to provide a three-dimensional outline of the prospect's anomaly and assist in target definition with a drill program expected to kick off next month.
Having just received the keys to its Sandstone project in Western Australia, gold developer Aurumin Limited is gearing up to begin systematically exploring with an initial round of auger drilling. The vehicle-mounted program, due to kick off next week, is designed to build on five near-mill targets handed over from the previous owner – plus test a further 36 targets generated by the company.
Junior gold explorer Aurumin Limited has taken control of a 784,000 ounce gold resource through the acquisition of the Sandstone gold project from Middle Island Resources near the town of Sandstone in WA. The asset acquisition will add to Aurumin's existing and nearby 65,000-ounce gold mineral resource base at its Johnson Range project in addition to providing a new prospective hunting ground for further discoveries.
Middle Island has locked onto copper mineralisation at its Barkly copper-gold project in the Northern Territory. In a purposeful pursuit of iron-oxide copper gold style mineralisation, the company will shed its gold assets and launch into further exploration of the prospective Tennant Creek region. The impending sale of the $14m market capped company's Sandstone gold project for $12m in cash and shares presents an eye-catching valuation on Middle Island's remaining Tennant Creek operations.
Middle Island Resources has defined multiple drill targets considered prospective for “IOCG” style copper-gold mineralisation at its Crosswinds project within the emerging Tennant Creek mineral hub in the NT. An induced polarisation geophysical survey identified the deep-seated targets below previously defined surface copper mineralisation. A recent cash injection has the company well-funded with plans now being drawn up to commence an aggressive drilling campaign of the area.
Middle Island has kicked off a detailed magnetics and radiometrics survey over its prospective Barkly copper-gold project area located in the emerging Tennant Creek mineral hub in the Northern Territory. The company is also marching forward with the Crosswinds copper discovery, also in the NT having recently completed a 2 kilometre IP survey following up on initial copper oxide mineralisation identified in October.
Middle Island Resources has sold its Sandstone gold project and processing plant to Aurumin for $6m cash and $6m in Aurumin shares. The deal allows Middle Island to maintain some upside to the project via its Aurumin holdings whilst it takes its $6m in cash up to Tennant Creek in the NT where it is planning to hit the turbo charge button on its copper gold portfolio.
Middle Island Resources has been quietly beavering away, pulling together a swag of new gold prospects and a 2km long nickel anomaly at its Sandstone project in Western Australia. It has also increased its footprint around the newly discovered Crosswinds copper prospect in the Northern Territory.
Our board moves wrap includes Clive Donner, Chris Singleton, Richard Yeates, Bradley Marwood, Bruce Stewart, Peter Venn, Ben Jones, Luke Timmermans, John Kay, David McArthur, and Andrew Childs.
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.
Middle Island Resources is set to restart targeting and drilling at its Sandstone gold project in Western Australia's Murchison region in a bid to add ounces and fine tune the economics of its recently delivered project feasibility study. The company is aiming to unearth at least 25,000 ounces of new resources on its own ground or from a nearby third-party source.
