Significant Copper Targets Confirmed at Jelaca & Oglavak
Middle Island Resources Ltd
Key points
- Large-scale copper targets identified in Serbia
- High copper-in-soil anomalies at Jelaca and Oglavak
- Rock chip samples show up to 3.21% Cu and 26.0g/t Ag
- Potential for volcanogenic massive sulphide (VMS) copper deposits
- Further exploration planned based on positive results
Full summary
Middle Island Resources Limited has reported significant copper targets in Serbia, specifically within the Priboj Project area. The company's infill soil sampling program has defined large-scale copper anomalies, with assays up to 862ppm Cu at the Jelaca Prospect and up to 1,614ppm Cu at the Oglavak Prospect. Rock chip sampling at Jelaca Prospect returned assays up to 3.21% Cu and 26.0g/t Ag, indicating the presence of outcropping copper mineralization. The company is testing the area for the potential to host volcanogenic massive sulphide (VMS)-style copper deposits. The positive results have encouraged the company to consider additional testing of these targets. The company is awaiting further assay results from ongoing exploration programs in Serbia.
Outlook
The company plans to continue assessing the results in the context of their geological models and will update investors on future exploration plans based on the team's conclusions.