Australia's largest stock trading and investment forum Australia's #1 stock forum

MDI

Click for more information

8.33%

1.1¢ middle island resources limited

Ann: Second new gold deposit defined at Sandstone project, page-34

First 34 Last

Share
Profile

Follow
Uselessinvestor

1,002 Posts.

102

21/04/20

12:08

Post #: 44163464
Share

Originally posted by tolate: ↑

Middle Island Resources (ASX:MDI) has defined a second new gold deposit at its Sandstone project in central Western Australia just a week after finding gold at the McClaren prospect.Drilling at the McIntyre prospect returned shallow drill intercepts including 24m at 1.66 grams per tonne (g/t) gold, 23m at 1.4g/t gold, 11m at 1.39g/t and 18m at 1.35g/t gold.Managing director Rick Yeates believes that McIntyre could represent a second new, low strip ratio, open pit deposit to supplement the planned Sandstone mill recommissioning inventory. McIntyre is one of a cluster of three proximal gold prospects, which include McClaren, where substantial intercepts of 4m at 90.6g/t gold and 8m at 3.35g/t gold were made.Results are also pending from the third prospect, Ridge, to determine if associated gold mineralisation links up with McIntyre and/or McClaren.

Expand

I'm here for a while, it's hard to see them doing bad with already know information. I will read more up on them. Mining is not normally something I will enter positions with. But the numbers here look fantastic so I'm taking a gamble

MDI Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

PV1

Provaris updates on progress with Uniper under hydrogen MOU – not long after interesting ASX response

WGX

Mining start at South Junction adds to Westgold's hopes for WA gold complex

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

SXG

Southern Cross finds large gold-antimony zone underneath historic Victorian mine

EBR

EBR Systems' heart pacing device on-target to reach the US market

There are more pages in this discussion • 94 more messages in this thread...

First 34 Last

Add MDI (ASX) to my watchlist

(20min delay)
Last 1.1¢		Change -0.001(8.33%)		Mkt cap ! $2.402M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.1¢	$217	19.67K

Buyers (Bids)

No.	Vol.	Price($)
15	1962188	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	319798	2

View Market Depth

No.	Vol.	Price($)
14	1892188	0.011
3	243040	0.010
4	381114	0.009
1	120000	0.008
2	342850	0.007

Price($)	Vol.	No.
0.011	39	1
0.013	319798	2
0.014	63044	2
0.015	1000000	1
0.018	179999	1

Last trade - 16.10pm 04/09/2024 (20 minute delay)

MDI (ASX) Chart