Sponsored Content for Bradley Marwood

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 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 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 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 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 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.