en.Wedoany.com Reported - Middle Island Resources (ASX: MDI) has received final assay results from the second phase of reverse circulation drilling at the Bobija project in Serbia.
The latest drilling has expanded the discovery, intersecting broad, shallow gold-silver-base metal mineralization in the Central, North, and West zones, with the mineralized footprint now covering approximately 80,000 square meters. Phase two drilling completed 17 holes totaling 1,363 meters, successfully connecting three previously separate zones into a single large mineralized system.
Key intercepts include: Hole BMLRC022 returned 41 meters at 1.03 g/t gold, 52.9 g/t silver, 0.17% copper, 0.94% lead, and 1.26% zinc from 1 meter; Hole BMLRC023 returned 40 meters at 1.23 g/t gold, 64.0 g/t silver, 0.15% copper, 0.99% lead, and 0.92% zinc from 1 meter; Hole BMLRC028 returned 28 meters at 1.18 g/t gold, 66.6 g/t silver, 0.19% copper, 1.22% lead, and 1.62% zinc from 20 meters.
Infill drilling north of the historical Central zone has extended the mineralized footprint beyond previously interpreted boundaries, with results including Hole BMLRC024 returning 13 meters at 1.87 g/t gold, 93.2 g/t silver, 0.30% copper, 1.46% lead, and 0.68% zinc from 3 meters. Mineralization remains open to the east and west on each section line, with multiple high-grade intercepts at the current drilling boundaries.
CEO Peter Spiers stated that Bobija is rapidly emerging as a significant shallow gold-silver discovery, with each drilling zone returning broad near-surface mineralization while the system boundaries remain undefined. Historical work primarily targeted lead, zinc, and barite, largely overlooking gold, but drilling consistently shows that gold and silver constitute a major component of the Bobija system.
The company plans phase three drilling to test multiple open extensions, focusing on the northern and southern boundaries of the current target areas, and to assess continuity within and between the Central, West, and North zones. The Bobija project comprises five licenses covering 182 square kilometers. The company holds a 10-year option to acquire two granted mining rights from local company Bobija doo Ljubovija, with the seller entitled to a 0.5% net smelter return royalty capped at €500,000 ($825,672).
