MINEX Forum

Tag: Middle Island Resources

  • Middle Island Resources Expands Bobija Gold-Silver Discovery to 80,000m² as Phase Two Drilling Links Three Separate Zones in Serbia

    Middle Island Resources Expands Bobija Gold-Silver Discovery to 80,000m² as Phase Two Drilling Links Three Separate Zones in Serbia

    Middle Island Resources has received final assay results from phase two reverse circulation drilling at its Bobija project in Serbia, with results expanding the discovery significantly and linking three previously separate mineralised zones into a single large system covering approximately 80,000 square metres.

    The standout intersection from the programme came in hole BMLRC022, which returned 41 metres at 1.03 grams per tonne gold, 52.9 grams per tonne silver, 0.17% copper, 0.94% lead and 1.26% zinc from one metre depth. Other significant Central Zone results include BMLRC023, which returned 40 metres at 1.23 grams per tonne gold, 64.0 grams per tonne silver, 0.15% copper, 0.99% lead and 0.92% zinc from one metre, and BMLRC028, which intersected 28 metres at 1.18 grams per tonne gold, 66.6 grams per tonne silver, 0.19% copper, 1.22% lead and 1.62% zinc from 20 metres. Step-out drilling north of the historic Central Zone extended the mineralised footprint beyond previously interpreted boundaries, with BMLRC024 returning 13 metres at 1.87 grams per tonne gold, 93.2 grams per tonne silver, 0.30% copper, 1.46% lead and 0.68% zinc from three metres.

    Phase two comprised 17 holes for 1,363 metres. Mineralisation remains open to both the east and west on each cross section, with several high-grade intersections at the limits of current drilling. CEO Peter Spiers described Bobija as rapidly emerging as a major shallow gold-silver discovery. “Historic work targeted lead, zinc, and barite and largely overlooked gold, but our drilling is consistently demonstrating that gold and silver comprise a dominant part of the Bobija system,” he said.

    Phase three drilling is planned to test multiple open extensions, focusing on the northern and southern limits of the current target area and assessing continuity within and between the Central, West and North zones. The Bobija project covers 182 square kilometres across five mineral licences, with Middle Island holding a ten-year option to acquire two granted mining licences from local company Bobija doo Ljubovija.

  • Middle Island Resources Becomes Serbia’s Largest Mineral License Holder After Konstantin Acquisition

    Middle Island Resources Becomes Serbia’s Largest Mineral License Holder After Konstantin Acquisition

    Australian explorer Middle Island Resources has secured a dominant position in Serbia’s mining sector after acquiring fellow Australian firm Konstantin Resources, gaining ownership of 14 mineral exploration licenses covering 62,000 hectares — the largest portfolio held by any company in the country.

    The licenses are spread across three key project areas: Bobija, Priboj, and Timok. While primarily targeting gold and copper, the assets also show potential for silver, lead, and zinc, according to reports from Mining, cited by Ekapija.

    Middle Island has already commenced exploration at the Bobija project, which will be the company’s initial focus. Located roughly 100 kilometers southwest of Belgrade, the project spans 20,800 hectares and includes three granted exploration permits — Bobija, Bobija East, and Kamenita Kosa. In addition, Middle Island holds an application for the Orovica area and a ten-year option for two mining licenses owned by local operator Bobija doo Ljubovija.

    The acquisition underscores Serbia’s growing importance as a European hub for critical gold and copper exploration, with Middle Island positioning itself at the forefront of this activity.

  • Middle Island Resources Begins Exploration at Bobija Polymetallic Project in Serbia

    Middle Island Resources Begins Exploration at Bobija Polymetallic Project in Serbia

    Australian copper and gold explorer Middle Island Resources announced on Wednesday that it has commenced exploration activities at the Bobija polymetallic project in western Serbia, which is prospective for gold, silver, copper, lead, and zinc.

    “The Bobija deposit and surrounding region remains inadequately explored and offers potential for the delineation of significant polymetallic mineralisation through a systematic exploration program. Furthermore, the full extent of the gold mineralisation is yet to be fully quantified, with gold potentially representing a major component,” the company stated.

    Earlier this month, Middle Island signed a binding share sale and purchase agreement to acquire local peer Konstantin Resources, whose Serbian portfolio includes the Bobija, Priboj, and Timok projects. Together, these projects cover 620 square kilometres and are prospective for gold and copper.

    The Bobija project itself comprises six mineral licences across 208 square kilometres. Historic work in the area included exploratory underground development and multiple drilling campaigns during the 1960s and 1980s by the former Yugoslav government, focused on barium, lead, zinc, and silver. Recent limited rock chip sampling by Konstantin Resources returned promising results, including assays of up to 5.24 grams per tonne of gold, 120 g/t of silver, 4.66% zinc, and 4.36% lead.

    Middle Island will seek shareholder approval for the acquisition of Konstantin Resources at a meeting scheduled for late October. The projects are located within the Western Tethyan Belt, a globally significant mineral province hosting major deposits such as Zijin Mining’s Čukaru Peki and Dundee Precious Metals’ Čoka Rakita in Serbia, as well as Rio Tinto’s Jadar project and Dundee’s Vareš project in Bosnia and Herzegovina.