Proactive Investors - Run By Investors For Investors

Midas Gold Corp's latest assays include best hole results so far from Idaho project

Metals explorer Midas Gold Corp today unveiled further positive results from its ongoing resource optimisation drill program at the Stibnite Gold project in Idaho
Midas Gold Corp's latest assays include best hole results so far from Idaho project
Positive results in Stibnite Gold project in Idaho

Metals explorer Midas Gold Corp (TSX: MAX, OTCQX: MDRPF)  today unveiled further positive results from its ongoing resource optimisation drill program at the Stibnite Gold project in Idaho.

The program is aimed at enhancing the mineral resources defined in4 the preliminary feasibility study (PFS) three years ago.

One hole threw up the best results ever reported by the firm, it said.

Stephen Quin, president and chief executive of Midas, said: "The latest assay data from our ongoing drill campaign at Yellow Pine continues to provide positive results that support Midas Gold's goal of enhancing the mineral resource at the Stibnite Gold Project,"

The assays come from three additional holes completed at the Yellow Pine deposit and a fourth at the Hangar Flats area.

"Hole MGI-16-421 is the best hole ever reported by Midas Gold from its drilling at the Stibnite Gold Project and occurs at shallow depths within the limits of the 2014 preliminary feasibility study mineral reserve pit limits," Quin said.

MGI-16-421 included an intercept with a width of 21.3 metres at 5.67 grams per ton (g/t) gold, 26.7 g/t silver and 1.32% antimony.

View full MAX profile View Profile

Midas Gold Timeline

Related Articles

1542614662_Galantas-fourth-try.jpg
November 19 2018
The plan is to move towards a production rate of 30,000 ounces of gold a year
Yukon gold rush stamp
December 21 2018
KGC is seeking out the sources of the gold rush that made the Yukon's Klondike region famous
1531853095_mandalay-truck.jpg
July 17 2018
Recent excitement at Mandalay has been focused on potential future output at its Australian mine
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use