RC drilling at the K4/K5 prospect on Middle Island Resources‘ Reo gold project has confirmed significant resource potential.Further encouraging broad gold intercepts have been returned from a 26 hole RC drilling program at the K4/K5 Prospect. Collectively the results confirm an open-ended, 2.5km long zone of continuous mineralisation coincident with a major, northeast trending and southeast dipping shear structure (Madi Shear Zone) lying along the southeast margin of the K4/K5 anomaly, confirming the primary focus for further aircore and RC pattern drilling. This zone comprises part of a 7km long, coincident, gold-arsenic-potassium auger anomaly, providing ample scope to extend mineralisation along the structure. A series of additional, sub-parallel satellite zones, interpreted to be associated with splays off the primary structure, account for the remaining significant drilling results returned from the K4/K5 target to date. The K4/K5 Prospect at the Reo Project in Burkina Faso represents one of the more advanced, ‘stand-alone’ gold resource targets identified to date by Middle Island from its suite of maturing assets across West Africa.
Middle Island Resources managing director, Rick Yeates, said that “we are becoming increasingly confident that drilling at the K4/K5 Prospect during the 2012-13 field season supports an exploration target that is more than adequate to achieve the Company’s minimum 1.1-1.2Moz ‘stand-alone’ project objective. The work also demonstrates the potential for at least an additional four, higher grade, satellite deposits within the larger K4/K5 target area to compliment that previously identified at the Morley Prospect, 20km to the north.“We now have the confidence necessary to embark on a major resource definition aircore and RC drilling campaign at the K4/K5 Prospect during the 2013-14 field season as funds permit. “While it appears that the grade of mineralisation along the main Madi Zone is lower than ideal for a conventional CIL operation, the indicative metallurgy completed in the 2013 March quarter generated exceptional recoveries of 93%, 97% and 95% in oxide, transitional and primary material respectively. This provides the opportunity to investigate heap leaching as a possible lower capital cost development alternative that will also be assessed during the 2013-14 field season.”