Middle Island Resources Limited (AU:MDI) has released an update.
Middle Island Resources Limited has completed the first hole of its three-hole diamond drill program at the Barkly Copper-Gold Super Project, funded by the Northern Territory Government’s Resourcing the Territory initiative. While the initial drilling did not uncover visible economic mineralization, the presence of various alteration zones and minor copper and iron sulphides aligns with the targeted Iron Oxide Copper Gold (IOCG) geological model. Additional exploration is sparked by the potential Mississippi Valley Type (MVT) base metal mineralization found in shallower geological layers.
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