Broad intervals of shallow dipping, BIF-hosted gold...

Broad intervals of shallow dipping, BIF-hosted gold mineralisation from
surface have been confirmed in infill and extension drilling of the new
McIntyre satellite gold deposit at Middle Island’s wholly-owned
Sandstone gold project in WA’s central goldfields.
• New Phase 2 reverse circulation (RC) intercepts at McIntyre include:-
- 13m @ 1.94g/t Au
- 9m @ 3.53g/t Au
- 26m @ 1.38g/t Au
- 18m @ 1.36g/t Au
- 17m @ 1.20g/t Au
- 23m @ 2.08g/t Au
- 24m @ 1.95g/t Au
- 18m @ 2.47g/t Au
- 14m @ 2.22g/t Au
• The new results complement those derived from Phase 1 RC drilling at
McIntyre, including 24m @ 1.66g/t, 23m a@ 1.40g/t, 11m @ 1.39g/t and
18m @ 1.35g/t Au.
• Mineralisation at McIntyre still remains open to the east, where it has
been identified on the southeast side of a narrow ‘rift’ structure.
• The results announced today comprise a further 31 RC holes (1,830m) of
the broader Sandstone 2020 drilling campaign that to date aggregates
over 37,000m.
• The Company is excited to note that there is a high likelihood that the
McIntyre prospect will make a significant positive contribution to the
project’s mill recommissioning inventory.
• McIntyre is one of a cluster of three proximal satellite gold deposits, the
others being McClaren and Ridge, where substantial intercepts of 4m @
90.6g/t, 4m @ 99.5g/t and 4m @ 50.5g/t Au were recently reported.
• McIntyre, McClaren and the Ridge gold prospects are hosted within the
southeast extension of the Shillington banded iron formation (BIF)
package, located on granted Mining Lease M57/129, 2.5km from the
Company’s on-site Sandstone gold processing plant.
• Assay results for the remaining four new satellite deposits are anticipated
to be reported in coming weeks.