What's Happening?
Middle Island Resources has announced the results of its expanded soil sampling program at the Bobija Project in Serbia. The program, which involved 243 samples collected from broad-spaced, north-south oriented lines, has identified significant silver, lead, zinc, and antimony targets. These findings are located east of the historic Tisovik Mine and span a five-kilometer strike length, including the Tisovik, Crvene Stene (Red Rock), and Kozila target areas. The peak soil assays revealed values of 7.1 grams per tonne silver, 4,685 parts per million (ppm) lead, 969 ppm zinc, and 1,049 ppm antimony. The anomalies remain open, particularly to the north, where prospective limestone units have yet to be explored. Middle Island plans to extend soil sampling into
a 10 square kilometer untested area, supported by gravity surveys, trenching, and drilling. The company is also preparing to resume drilling at Bobija, following earlier intersections of gold-silver-lead-zinc mineralization.
Why It's Important?
The discovery of new polymetallic targets at the Bobija Project underscores the potential for significant mineralization in this under-explored area. This development is crucial for Middle Island Resources as it enhances the company's exploration portfolio in the Western Tethyan Mineral Province, a region known for hosting world-class deposits. The identification of these targets could lead to substantial economic benefits, potentially increasing the company's resource base and attracting further investment. The expansion of exploration activities also highlights the strategic importance of Serbia in the global mining sector, as it continues to attract international mining companies seeking to capitalize on its mineral wealth.
What's Next?
Middle Island Resources plans to continue its exploration efforts at the Bobija Project by extending soil sampling and conducting further drilling. The company aims to explore the untested northern areas, which could reveal additional mineralization. An expanded exploration team is set to facilitate these activities on the ground in Serbia. The company holds a 10-year option to acquire the Bobija and Tisovik mining licenses, which could lead to future development and production if significant resources are confirmed. Stakeholders, including investors and local communities, will be closely monitoring the outcomes of these exploration activities.
