Middle Island Resources (ASX:MDI) said a maiden reverse circulation drilling program began in the Bobija project area in Serbia, targeting polymetallic gold-silver-copper-lead-zinc mineralization, immediately below the floor of the historic Bobija open pit mine, according to a Tuesday Australian bourse filing.
The results of the first phase drilling, the recent channel sampling results, and historic drilling results will contribute to the development of a new geological model to assist with ongoing exploration in the Bobija mine area.
The shares of the firm rose 13% on market close.