For personal use only - ASX · SX Rele sland in nd 12m ompleted r strike leng so has inter ... the...
Transcript of For personal use only - ASX · SX Rele sland in nd 12m ompleted r strike leng so has inter ... the...
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www
Inves
AuexW
10Fajugr
EaNiBi
Eaapun
10eacoRi
Capi
99.9
16.2
Cash
$8.8m
Direc
Pete
Chai
Rick
Man
Beau
Tech
Linto
Non‐
Andr
Explo
Denn
Com
Cont
Rick
Mob
rick@
dle Island Res
142 361 608
ASX Code: M
w.middleislan
stment Highli
ustralian and Axploration comWest Africa
00% of Reo Praso – 1,166kmnction of the Breenstone belt
arning70% in Niger – 577km2
irimian greens
arning 90% intpplications in Nnexplored Birim
00% interest inarning 75% in omprising the iver Project in
ital Structure:
million ordina
million unlist
h
m
ctors & Mana
er Thomas
rman
Yeates
naging Directo
u Nicholls
hnical Director
on Kirk
‐Executive Dir
rew Chubb
oration Mana
nis Wilkins
pany Secretar
tact:
Yeates
b: +61 (0)401 6
@middleisland
sources Ltd
MDI
nd.com.au
ights:
ASX listed golmpany focused
roject in Burkinm2 straddling Boromo & Hots.
Nassilé Projec2 of lightly expstones.
terest in DogoNiger – 823kmmian greensto
n four permitsa fifth, collect2,918km2 NuoLiberia.
:
ary shares
ed options
agement:
or
r
rector
ager – West Af
ry
694 313
d.com.au
ld d on
na
oundé
ct in plored
ona m2 of ones.
s and tively on
frica
M1
A
Middle I14.0g/t a
Recently cinitial 800mBurkina Fasamples, in
‐ MRRB0
‐ MRRB0
‐ MRRB0
‐ MRRB0
‐ MRRB0
‐ MRRB0
‐ MRRB0
‐ MRRB0
The aboveaircore anwhich ende
‐ NAC02
‐ MRRC0
The two extremitiesopen along
Mineralisatcarbonate which venGranodiori
The geomebroadly we
These initconsiderabtarget thatfield seaso
ASX Rele
sland inand 12m
completed rm strike lengso has interncluding:‐
009 – 4m at
030 ‐ 4m at 2
030 ‐ 4m at 1
044 – 4m at
049 – 4m at
062 – 4m at
074 – 4m at
076 – 12m at
e results comnd reverse ced in minera
27 – 18m at 2
047 – 13m at
highest gras of the drig strike to bo
tion at K5 veining w
neer the shite.
etry of mineest‐northwe
tial results bly more extt readily jusn.
ease – 3
ntersectm at 4.1
kirotary air bgth at the K5sected signif
16.2g/t Au (
2.83g/t Au (1
1.78g/t Au (2
1.88g/t Au (
1.59g/t Au (
14.0g/t Au (
1.40g/t Au (
t 4.11g/t Au
mpliment pcirculation alisation) at t
2.51g/t Au (1
t 2.23g/t Au
ade interseclled area, inoth the east
is associatewithin intenallowly sou
eralisation ast trending a
confirm thtensive K4/Kstifies furthe
31 Augu
ts 4m at11g/t Au
last (RAB) d5 target withficant miner
4m)
12m)
28m)
32m)
48m)
28m)
24m)
(4m)
reviously an(RC) percusthe K5 Prosp
12m)
(59m)
ctions are ndicating thaand west.
ed with shesely sericiteth plunging
at the K5 taand shallowl
hat the K5 K5 target areer RAB and
ust 2011
t 16.2g/u at Reo
drilling proghin the Reo gralisation in
nnounced ression intercepect as follow
located on at mineralis
eeted to me‐altered mg extremity
arget appearly dipping zo
zone, lyinea, represenRC drilling
1
/t, 4m ao Projec
gram over gold project4m compos
econnaissanepts (both ws:‐
lines at tsation remai
assive quarmetasedimenof the Did
rs to compriones.
ng within tnts an excitiin the comi
t t
an t in ite
nce of
the ins
rtz‐nts dyr
ise
the ing ing
For
per
sona
l use
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y
Reo P
RAB D
A 4,02
early
Figure
the ma
Along
target
millio
The p
miner
target
south
Project – Bur
Drilling
29m (90 hol
August 2011
1; Soil gold geo
argins of the Did
with the M
t that has th
n ounces on
urpose of th
ralisation ben
t (Figure 2 b
ern portion
kina Faso
le) rotary ai
1 at the K5 ta
ochemistry show
dyr granitoid.
Morley Prospe
e potential t
n at least one
his initial RAB
neath the m
below). The
of the consi
r blast (RAB
arget within
wing the distrib
ect, 15km to
to fulfil the C
e project wit
B drilling pro
ineralised la
drilling was
derably mor
B) drilling pr
the Reo Gol
bution of identif
o the north,
Company’s s
thin two yea
ogramme wa
aterite that h
s confined to
re substantia
Sign
rogramme w
ld Project, Bu
fied gold anom
the K4/K5 P
stated prima
ars of listing’
as to determ
has been the
o a single m
al (4km by 2
nificant drilling
was complet
urkina Faso (
malies, including
Prospect wa
ary objective
’.
ine the natu
e subject of i
mineralised z
2.5km) K4/K5
g progress at
ed over an
(Figure 1 belo
g the Morley an
s selected b
‘to identify
ure, geometr
ntense artisa
one within
5 soil anoma
Reo gold proj
initial 800m
ow).
nd K4/K5 Prospe
by Middle Isl
y a minimum
ry and tenor
anal mining
the K5 area
aly.
ect, Burkina F
m strike leng
ects, situated a
land as a pri
m resource o
of saprolite
activity at th
a, comprising
Faso
gth in
around
iority
of 1.1
gold
he K5
g the
For
per
sona
l use
onl
y
Figure 2
for safe
All 4m
inters
the pr
Table 1
2; Artisanal lat
ety reasons. So
m composite
ections gene
rincipal area
1; Significant K5
Hole
MRRB
MRRB
MRRB
MRRB
MRRB
MRRB
MRRB
MRRB
Notes
All hoSignifiAll res
terite gold minin
ome 10,000 min
fire assay re
erated, the b
of previous
5 Prospect RAB
Prosp
B0009 K5
B0030 K5
B0030 K5
B0044 K5
B0049 K5
B0062 K5
B0074 K5
B0076 K5
s
les drilled to gridicant Intercepts csults are based on
ng activity at th
ners were active
esults from th
best of which
artisanal late
drill intersectio
ect East
532470
532630
532790
532787
532946
532471
532470
180o and incline
calculated at a 1gn fire assays of 4m
he K5 target pr
e at the site from
he K5 RAB d
h are provide
erite mining
ons
North R
1371406 2
1371235 2
1371352 2
1371144 2
1371054 2
1370983 2
1370948 2
d at ‐50o
g/t cutoff value.m composite sam
Sign
rior to the oper
m February to J
rilling progra
ed in Table 1
activity is sh
RL Total Depth
282 57
289 57
and
291 63
289 54
297 72
287 30
288 51
mples.
nificant drilling
ration being clo
June 2011.
amme have b
1 below. The
hown in Figu
h From
4
12
28
32
48
28
24
4
g progress at
sed by the Burk
been receive
e distribution
re 3 below.
To W
8 4
16 4
32 4
36 4
52 4
32 4
28 4
16 1
Reo gold proj
kina Faso Gove
ed, with num
n of minerali
Width Au (ppm
4 16.2
4 2.83
4 1.78
4 1.88
4 1.59
4 14.0
4 1.40
12 4.11
ect, Burkina F
ernment in June
merous signif
sation relati
m)
Faso
e 2011
ficant
ve to
For
per
sona
l use
onl
y
Minermetas
The gdippinextenimporminerintersanom
The twwesteboth d800m
Discus
Comminitial ProjecComp
“The Mforthc
“AlonProspwell.
Figure 3;
mining ac
ralisation at sediments th
eometry of ng zones. Itsive (200m trtant to underalised zonesect the Didyaly where th
wo highest ern traversesdirections. T strike length
ssion
menting on thresults are ct, either or panies minim
Morley and Kcoming field
g with the oect persist aNotwithstan
Plan of RAB dri
ctivity.
K5 is associahat veneer th
mineralisatiot would appto 300m widerstand the s be found toyr Granodiorihe granodior
grade inters at the extrThis providesh.
he initial RABextremely eboth of wh
mum primary
K4/K5 targetseason.”
obvious openat depth, pronding this, ou
illing at the K5
ated with shhe shallowly
on at the K5pear, howevde zones on controls on o dip more site at depth,ite will occu
sections of remities of ts an opportu
B results froencouraging,hich represenobjective.”
ts now provid
n pit potentiaoviding the our initial prio
Prospect, show
heeted to masouth plung
5 target appever, that thetraverses) tthese highesteeply, then particularly r at consider
4m at 14.0gthe drilled aunity to cons
m the K5 tar, confirming nt the oppo
de a clear fo
al of these twopportunity tority remains
Sign
wing better drill
assive quartging extremit
ears to compe distributionthan the higer grade zonn it is interes in the yet torably shallow
g/t Au and rea, indicatisiderably exte
rget, Middle the existenrtunity to de
ocus for on‐g
wo targets, to ultimatelys to define a
nificant drilling
intercepts rela
z‐carbonatety of the Did
prise broadlyn of quartz‐her grade mes in order tsting to speco be tested Kwer depth.
4m at 16.2ng that minend the K5 m
Island Manace of at leaefine a ‘stan
oing RAB, ai
broad high gy contemplastand‐alone
g progress at
tive to the main
veining withyr Granodior
y west‐northcarbonate v
mineralised into optimise fculate what pK4 (up‐plung
g/t Au are eralisation rmineralised z
aging Directost two advand‐alone’ res
rcore, RC and
grade minerate a potentiopen pit res
Reo gold proj
n area of previo
hin intenselyrite.
hwest trendiveining is contervals. It future drillinpotential mage or norther
located on remains opezone well bey
or, Mr Rick Yanced targetsource suffic
d diamond d
alised interval undergrosource” Mr Y
ect, Burkina F
ous artisanal
y sericite‐alt
ng and shallonsiderably mwill thereforng. Should tay lie where rn) portion o
the easternen along striyond the pre
eates said “ts within thecient to fulfi
drilling durin
als at the Mund operatioYeates said.
Faso
tered
lowly more re be these they
of the
n and ke in esent
these e Reo il the
g the
orley on as
For
per
sona
l use
onl
y
Geoch
Middlprogramonsoengagby a m
The acorridmajormargi
The inassignpatter
Figure 4
Mr Yeleast ieasteraroun
hemical Aug
e Island is amme commoonal rains aged to undermonth.
uger work codor and commr shear zone,n of an intru
nitial auger dned priority, rn for cost ef
4; 40,000m geo
eates is confiidentify a thirn portion ofnd the weste
ger Drilling
pleased to menced in Mand extensivrtake the cam
ompleted tomencement , defined by usive stock, s
drilling is vaas shown inffective follo
ochemical auge
dent that third target cof the projectrn margin of
advise that May 2011 at ve cropping ampaign have
date includeof work on tan earlier aisimilar to the
ariously beinn Figure 4 bow‐up RAB, a
er drilling progr
e already wensistent with, where the f an intrusive
18,299m (2the Reo Proactivity resue made signi
es confirmatthe main Prirborne magne Didyr Grano
g undertakebelow. Idenaircore and R
amme commen
ell‐advancedh the Compamajor shear e body, simila
Sign
2,259 holes),oject, have alted in curtaficant progre
tion of all Priority 2 targenetic surveyodiorite to th
en on 400m,ntified anomRC drilling, as
nced at the Reo
d geochemicaany’s objectivzone, identiar to, but sm
nificant drilling
, of a plannlready beenailment of thess, effective
iority 1 targeet at the nor, undergoes he south.
, 800m and alies will thes required.
o Project in June
al auger drillves. “This is ified by our amaller than, t
g progress at
ned 40,000m completed.e programmely extendin
ets along thethern end ofa marked de
1,600m spaen be infille
e, with complet
ing programmost likely tairborne survhe Didyr Gra
Reo gold proj
m geochemic. While the me in July, thg the traditi
e K4/K5‐Dassf the projecteflection aro
aced lines, ded to at leas
ted holes shown
me at the Reto come fromvey earlier inanodiorite to
ect, Burkina F
cal auger dronset of he
he four augeonal field se
sa‐Goumi‐Mt area, whereound the wes
epending onst a 200m x
n in red.
eo Project wm the north‐n 2011, defleo the south.”
Faso
rilling avier r rigs eason
orley e the stern
n the 50m
ill at
ects ”
For
per
sona
l use
onl
y
Gener
With tin LibcommNotwiperiodgeochof the
COMP
Rick Ye
Kate M
MEDIA
Kevin S
WEBSI
www.m
Compet
InformaAustralaexperienPersonsNicholls
Please nMineral
Forward
Certain industryor compIsland bhave be
Accordinmarket hazards environfluctuatfilings wcircumst
ral
the exceptioeria, and air
mence in Sepithstanding td. Initial prhemical augee substantial
ANY CONTAC
eates – Manag
Manning – Adm
A CONTACT:
Skinner Fi
ITE:
middleisland.c
tent Persons Stat
tion in this reporasian Institute of nce which is relev as defined in the consent to the in
note with regard tResource and th
d Looking Statem
statements mady, expectations reprise certain forwelieves that the een correct.
ngly, results couconditions, succeinherent in thement and other gions in gold pricewith ASX. Middletances after toda
on of soil samrborne survetember 201this, a flow riorities for ner drilling antargets gene
CTS:
ging Director
ministration M
eld Public Rel
com.au
tement
rt relates to exploMining and Metavant to the style e 2004 Edition of nclusion in the re
to exploration taat it is uncertain
ments
e during or in coegarding gold pricward looking stateexpectations refl
ld differ materiaess of business ae mining businesgovernment actioes and exchange e Island undertakay’s date or to ref
mpling, pittineys over the1, all other fof results renext field sed Morley RAerated by ge
Manager
ations +6
oration results orallurgy) and Mr Bof mineralisationthe ‘Australasian
elease of the stat
rgets, the potentif further explora
onnection with thces, exploration cements regardinglected in such for
lly from those seand operating iniss (including induons, risks inherenrates and businekes no obligationflect the occurren
ng and trenche Nassilé andfield activitieelating to inieason (commAB drilling prochemical a
+61 (0)401
+61 (0)418
61 (0)8 8234 9
mineral resourceBeau Nicholls (Men and type of depn Code for Reportements based on
tial quantity and gation will result in
his communicatiocosts and other og Middle Island’s rward‐looking sta
et out in the foritiatives, changesustrial accidents,nt in the ownershss and operationn to update pubnce of unanticipa
Sign
hing on idend Dogona goes have beenitial geochemmencing Octrogrammes wuger drilling
1 694 313
8 883 959
9555 / +61 (0)
es that are basedember of Australiposits under consting of Exploration their informatio
grade is conceptun the determinati
on, including, wioperating results, exploration opeatements are rea
rward looking stas that could resu, environmental hip, exploration ans risks managemblicly or release aated events.
nificant drilling
tified saprolold projects n suspended mical auger tober 2011) within the Rat the Nassi
)414 822 631
d on information an Institute of Geideration and to on Results, Mineron in the form an
ual in nature, thaion of a Mineral R
thout limitation, , growth prospecrations, economiasonable, no assu
atements as a reult from future ahazards or geoland operation of ment, as well as geany revisions to
g progress at
ite targets atin Niger, bofor the duradrilling shouwill includeeo gold projlé gold proje
compiled by Mr Reoscientists). Mr the activities undral Resources andd context in whic
at there has been Resource.
those concernincts and the outlooic performance aurance can be giv
sult of, among ocquisitions of neogically related or investment inenerally those adthese forward‐lo
Reo gold proj
t the Nuon Roth of whichation of the muld be forthe completionject, followeect in Niger.
Rick Yeates (MemYeates and Mr Ndertaken to qualid Ore Reserves’. Mch they appear.
insufficient explo
ng the economic ok of Middle Islaand financial condven that such exp
other factors, chaew exploration pconditions), chan mining propertdditional factors sooking statemen
ect, Burkina F
River gold prh are plannemonsoon seacoming overn of the reged by RAB dr
mber of the Nicholls have sufffy as Competent Mr Yeates and M
oration to define
outlook for the nd’s operations cdition. Although pectations will pr
anges in economroperties, the risnges in the reguies in foreign couset forth in our pnts to reflect eve
Faso
oject ed to ason. r this gional rilling
icient
r
a
mining contain Middle rove to
mic and sks and ulatory untries, eriodic ents or
For
per
sona
l use
onl
y