Drilling expands Large Gold Silver Base Metals System
| Stock | Middle Island Resources Ltd (MDI.ASX) |
|---|---|
| Release Time | 2 Jul 2026, 8:24 a.m. |
| Price Sensitive | Yes |
Middle Island Resources Expands Gold-Silver Base Metals at Bobija
- Phase 2 RC drilling significantly expands Bobija discovery
- Gold and silver are major contributors to the system
- Mineralisation remains open in all directions
- Phase 3 drilling planned to further explore the system
- High-grade mineralisation at current drilling limits
Middle Island Resources has released the final assay results from its Phase 2 reverse circulation (RC) drilling program at the Bobija Mine area in Serbia. The drilling has expanded the known footprint of the Bobija discovery to approximately 80,000m² and remains open in all directions. The mineralisation is broad, shallow, and sub-horizontal, with gold and silver now recognized as significant contributors. High-grade intersections continue at the limits of drilling, suggesting potential for further expansion. Phase 3 drilling is planned to explore multiple open extensions to the mineralised system. Historic exploration focused on lead and zinc, but current drilling highlights the significant potential of gold and silver. The company believes there is considerable scope to grow the discovery through systematic exploration.
Middle Island Resources is optimistic about the potential for further expansion of the Bobija discovery through continued exploration. The company plans to test multiple open extensions to the mineralised system in Phase 3 drilling.