News Articles for Middle Island Resources

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.

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.

The pieces are coming together for ASX-listed Middle Island Resources with positive developments from its ongoing feasibility study aimed at bringing the old Sandstone gold processing plant back to life. Final news on what could be a game-changer for the gold explorer is just a few short weeks away.

Our board moves wrap includes Beau Nicholls, Dennis Wilkins, Benjamin Donovan, and Tara Robson.

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.

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 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' 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.

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 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.

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 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.

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.

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.

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 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 gold hopeful, Middle Island Resources, continues to eke out promising RC drill results from an array of satellite deposits at its historic Sandstone gold project in the central Goldfields of WA as it works towards the potential recommissioning of the old mine site's mothballed treatment plant. Latest numbers are from the Old Town Well deposit, located only 600m north of the plant.

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 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.

A $5.1 million capital raising by Alto Metals has been delayed after its bidder Habrok Mining submitted an application to the Takeovers Panel.

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.

Middle Island Resources is hitting its straps at Sandstone with the latest drilling results from its Ridgeway discovery delivering outstanding high-grade intercepts including 4 metres at 99.5 g/t gold which hosts a 1 metre resample topping the scales at an extraordinary 390 g/t gold. This continues a run of impressive results from the company which has seen it bank five new gold deposits since the start of the year.

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 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 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.

Gold explorer Middle Island Resources has received commitments to raise $4 million under a share placement, with the proceeds to fund continued drilling at the company's Sandstone project in Western Australia.

For the fourth time in as many weeks, Middle Island Resources has ferreted out another emerging deposit less than a kilometre from its mothballed 600Ktpa processing plant in Sandstone, underlining the company's intention to restart gold mining in the historic West Australian mining precinct. New results have extended the Plum Pudding deposit to the south and include 3m grading 3.72g/t from 29m and 10m grading 3.08g/t from 41m.

Middle Island Resources continues to return outstanding results with the drill bit as it aggressively pursues a pathway to production at its Sandstone gold project in WA. The company's extensive drilling program has uncovered three new discoveries in as many weeks and the Perth-based ASX-listed company has now laid out a strategy to fire up the old mothballed Sandstone plant.

Middle Island Resources looks to be onto a third new gold discovery in as many weeks at its Sandstone gold project in Western Australia with the new “Old Town Well” deposit igniting interest following a phase one RC drilling program. The company is looking to translate good results from ongoing drilling into further resource expansions that will eventually support the recommissioning of its mothballed Sandstone mill.

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 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.

Middle Island Resources' punt that the ground surrounding its Sandstone gold project in WA might be harbouring rich pickings appears to be paying off after the Perth based company experienced some extreme success with the drill bit recently. The best result from the latest drill campaign came in at an exceptional 4 metres grading nearly three ounces to the tonne gold from the McClaren prospect.

Middle Island Resources has set upon an aggressive exploration and development program at its Sandstone gold project, with ongoing drilling identifying the first new significant gold anomaly within a stone's throw of the existing processing plant. First pass air core drilling has found two separate, near-linear, gold zones that extend over some 600 metres and 300 metres, respectively.

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 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 started a major, multi-phase drilling campaign at its 100%-owned Sandstone gold project in central WA. The company says the campaign, slated for completion by the end of the March quarter, has the potential to add significant open pit mineral resources to the gold project and take it a step closer to the recommissioning of the old mothballed mill on-site.

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.

Our board moves wrap includes Mark Syropoulo, Cathy Moises, Kate Stoney, Bradley Marwood, Peter Bewick, Henko Vos, Abby Siew, Grant Mooney, Les Davis, Doron Nevo, Michael Soucik, Dan Smith, Swee Chen Goh, Osagie Imasogie, Lisa Gray, Oludare Odumosu, Harry Karelis, Mara Gordon, and Stewart Washer.

Middle Island Resources has attracted WA-based engineer, Brad Marwood to its board as a Non-Executive Director as it approaches its moment of truth at the Sandstone gold project. The ASX-listed company is looking to make the transition from explorer to developer and Marwood looks well placed to give the company a shove in the right direction.

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.