Thursday 29th September 2016

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Midway reports Nevada Gold Assays as high as 3.3 g/t over 31.4m

Midway Gold Corp MDW:CA announced assays from its Spring Valley Project near Lovelock in central Nevada. Results include 3.3 g/t gold over 31.4 metres (including 9.3 g/t over 1.3 metres and 25.1 g/t over 1.6 metres), 4 g/t over 13 metres (including 15.4 g/t over 1.5 metres), 1.1 g/t over 11 metres, 2.2 g/t over 18 metres (including 10.7 g/t over 1.5 metres), 2.5 g/t over 5 metres, 2.3 g/t over 18 metres and 1.6 g/t over 13.7 metres.

President/COO Ken Brunk commented, “The data and information contained in Barrick’s third quarter report leads Midway to believe that Spring Valley is becoming a world class deposit. The significant growth of the deposit and the identification of higher grade intercepts coupled with extremely good metallurgical results of up to 98% recovery reported earlier all contribute to very favorable economic indicators for this deposit. Additional work to develop the deposit is necessary, and we look forward to continued good results in the months and years to come.”

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Contact:
R.J. Smith
Manager, Corporate Administration
877.475.3642

by Ted Niles

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