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Midas Gold Corp.
Summary
| Project: | Stibnite Gold Project | |
|---|---|---|
| Deposit: | Stibnite Gold Project | |
| Location: | United States | |
| Commodities: | Gold-Silver-Antimony | |
| Date: | 2/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 15-2-2018: Midas Gold Corp. announces a Resource Estimation report for its Stibnite Gold Project deposit at the Stibnite Gold Project project. Mineral Resource update for the Stibnite Gold Project deposits. VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. ( | |
| Resources: | ||
| CP/QP: | [Resources]: Garth Kirkham, Bart Stryhas (Kirkham Geosystems Ltd.; Independent) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (TSX:MAX / OTCQX:MDRPF) today updated its mineral resource estimates for the Stibnite Gold Project (the “Project”), located in the historic StibniteYellow Pine mining district in Idaho, USA. These updated estimates incorporate: (1) additional drilling completed since 2014 that wasfocused on converting mineral resources from the inferred to the indicated category within the limits of mineral reserve limiting pit in the 2014 Preliminary Feasibility Study (“2014 PFS”), (2) additional data collected and recovered from pre-Midas Gold activities, and (3) more detailed geological modelling supported by relogging Midas Gold core, rock geochemistry, mapping, alteration modeling and other information. While overall totals and averages have seen modest changes since 2014, key highlights include “The updated mineral resource estimate for the Stibnite Gold Project represents another milestone in the path towards completion of a feasibility study,” said Stephen Quin, President and CEO of Midas Gold Corp, “The successful execution of a focused drilling campaign combined with extensive geological modelling has resulted in a refined and enhanced mineral resource estimate that has confidence levels sufficient to support the completion of a feasibility study,” he said. “While the overall changes to the mineral resource estimates are relatively modest, the positive changes are concentrated in the Yellow Pine deposit, and particularly the upper portions of that deposit, which should provide enhanced margins in the early years of the operational life, since the Yellow Pine deposit would be the first deposit to be mined.” | |
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