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Middle Island Resources Limited (ASX:MDI)

ALERT: Price-sensitive ASX Announcement for MDI
Current share price for MDI : $0.017 -0.001 (-5.56%)+
Announcement
Release
3 Jun 2026 8:56AM
Price at Release
$0.018
Full Release
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Summary
Middle Island Resources Limited (ASX:MDI) announced the results of its Phase 2 reverse circulation drilling program at the Bobija Mine area in Serbia, which significantly expanded the mineralized footprint for gold, silver, lead, and zinc. The drilling results from nine initial holes showed broad intersections of precious and base metals, supporting the hypothesis of a large sub-horizontal layer of mineralization continuous across the mine area. Notably, the results indicated a growing gold and silver component alongside traditional base metals. Encouragingly, each drill hole intersected substantial mineralization, affirming the potential for further expansion and development. Follow-up drilling and further assays are planned to explore the full extent of the Bobija system, with eight additional drill holes pending assay results.
Key Points
  • Phase 2 drilling results expand Bobija gold-silver-lead-zinc system.
  • Significant intersections indicate a broad mineralized system.
  • Gold and silver emerging as major credits in historical base metal deposit.
  • Every drill hole intersected significant mineralization.
  • Follow-up drilling planned to assess full extent of Bobija system.
  • Eight additional drill holes are awaiting assay results.
  • Mineralization interpreted as a large sub-horizontal layer.
  • Drilling supports a continuous mineralized layer across Bobija mine area.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.