Middle Island Resources Quarterly Activities Report
Key points
- Outstanding results from the Phase 2 drill program at Bobija, Serbia
- Drilling confirms a laterally extensive, shallow gold-silver-base metal system
- High-grade intersections reported from multiple drill holes
- Phase 3 drilling planned to extend mineralisation at Bobija
- Tisovik soil and rock chip sampling identifies multiple silver-lead-zinc-antimony targets
Full summary
Middle Island Resources Limited (ASX:MDI) reports positive quarterly activities and cash flow for the period ended 30 June 2026. The company highlights outstanding results from the Phase 2 drill program at Bobija, Serbia, which confirmed a laterally extensive, shallow gold-silver-base metal system. Significant intersections include BMLRC012, BMLRC014, BMLRC016, BMLRC022, and BMLRC023. Phase 3 drilling is planned to extend mineralisation at Bobija. Soil and rock chip sampling at Tisovik identified multiple silver-lead-zinc-antimony targets extending across approximately 6km of strike. High-grade antimony values and visible stibnite mineralisation at Tisovik strengthen the potential for a large carbonate replacement deposit (CRD) system. The company's cash and listed investments total approximately $3.15 million, providing a solid platform for continued exploration success.
Summary generated by a large language model. Please interpret with care.