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The latest announcement is out from Middle Island Resources Limited ( (AU:MDI) ).
Middle Island Resources Limited has announced significant findings from its initial channel sampling program at the historic Bobija Mine, confirming high-grade mineralization of gold, silver, copper, lead, and zinc. These results, including standout assays and wide intervals of polymetallic mineralization, suggest a substantial remaining deposit in the former open pit mine, enhancing the company’s prospects and potentially increasing its value. The completion of the Phase 1 Reverse Circulation drilling program further supports the company’s exploration efforts, with results expected soon, which could impact the company’s operations and stakeholder interests positively.
More about Middle Island Resources Limited
Middle Island Resources Limited is a company operating in the mining industry, focusing on the exploration and development of precious and base metal resources. The company is particularly engaged in identifying and developing mineral deposits, with a market focus on gold, silver, copper, lead, and zinc.
YTD Price Performance: 175.00%
Average Trading Volume: 2,646,063
Technical Sentiment Signal: Hold
Current Market Cap: A$30.75M
See more data about MDI stock on TipRanks’ Stock Analysis page.