Midway Gold Corp TSXV:MDW announced results from its Gold Rock Project in White Pine County, Nevada. Assays include 2.06 g/t gold over 33.5 metres (including 4.18 g/t over 7.6 metres), 0.96 g/t over 48.8 metres, 0.51 g/t over 38.1 metres, 0.45 g/t over 38.1 metres and 0.82 g/t over 18.3 metres.
President/COO Ken Brunk said, “Midway has identified gold mineralization from historic drill data that extends for almost three kilometres along strike north and south of the previously mined Easy Junior pit. The historic resource represents only a small portion of the area and is confined to only about 0.6 kilometres of strike length around the existing open pit. Our 2011 drilling program is designed to verify the location and grade reported in the historic holes so we can use those results in an NI 43-101 resource estimate that will cover an area substantially larger than that of the reported historic resource. We believe Gold Rock could host a gold deposit that is comparable in size to our nearby Pan Gold Deposit, but with a potentially higher average grade. This large amount of historic drilling, once verified, could allow Midway to more quickly move this property toward a development stage.”
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Midway Gold Corp
by Greg Klein