The work is targeting prospective areas for IOCG and Sediment Hosted Cu-Zn-Pb-Ag deposits at
High priority exploration targets have been identified for immediate follow-up. A total of 55 targets have been identified for ongoing assessment. Targeting was based on deposit conceptual model parameters evidenced by magnetic, gravity and structural model signatures. Rankings consider the character, amplitude and size of the target signatures in addition to simplicity to explore including depth to target. Targets are predominantly 'blind' beneath post-mineralisation cover ranging from 100-400m but include several targets in areas of outcropping prospective basement or shallow cover. Of note are new shallow targets,
Many of the high-grade copper-gold deposits in the
The ranked targets will inform MDI's exploration strategy. Initial field testing of the targets applying soil sampling has commenced using sampling and analytical methods that may detect low level metal anomalies in unmineralised cover above 'blind' deposits.
The soil sampling programmes have started on the new shallow targets in addition to further work on the Crosswinds Prospect copper occurrence which was drilled in 2022. Commenting on the company's exploration programme, MDI Chief Executive Officer,
Contact:
Tel: +61 (8) 9322 1430
Forward Looking Statements
Statements contained in this release, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of Middle Island, industry growth or other trend projections are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors
Competent Persons Statement
The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr
(C) 2023 Electronic News Publishing, source