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Midas Gold Corp.
Summary
| Project: | Stibnite Gold Project | |
|---|---|---|
| Deposit: | Stibnite Gold Project | |
| Location: | United States | |
| Commodities: | Gold-Silver-Antimony | |
| Date: | 11/30/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 30-11-2016: Midas Gold Corp. announces an Exploration/Drilling Update report for its Stibnite Gold Project deposit at the Stibnite Gold Project project. Drilling results incl. 200.3m @ 2.25g/t Au, 3.2g/t Ag, 0.13% Sb from 0.0m. VANCOUVER, BRITISH COLUMBIA | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Quin (Internal) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today announced the additional assay results from its ongoing resource enhancement drill program on the Stibnite Gold Project, Idaho. As reported on August 23, 2016, Midas Gold initiated this drill program with a goal of improving, expanding and de-risking the mineral resources defined in the December 2014 preliminary feasibility study (“PFS”) before commencing a feasibility study (“FS”). A single oriented HQ diameter drill hole was completed in the central portion of the Yellow Pine deposit in order to replace historical drill data and provide improved controls on gold and, particularly, antimony mineralization in this area. Drill hole MGI-16-414 intersected a 200m long continuous interval of significant gold mineralization and, in addition, cut a series of distinct higher grade antimony vein sets, starting at surface. Highlights of the intercept are tabulated below, while complete results are attached at the end of the press release. “This 200m intercept of continuous gold mineralization, starting from surface, demonstrates the impressive scale and continuity of the mineralizing system in the Yellow Pine deposit, one of three deposits that comprise our Stibnite Gold Project,” said Stephen Quin, President & CEO of Midas Gold Corp. “The narrower, higher grade antimony intercepts within the much broader gold mineralizing system are consistent with prior drilling and historical mining records. These results improve our confidence in the controls on mineralization at Yellow Pine, and will enhance our resource estimates in this critical, early mine life area,” said Mr. Quin. Drilling is continuing, including additional holes planned for this area. Further drill results from the central and southern portions of the Yellow Pine deposit are pending. “Based on the results of the holes received to date, Midas Gold will be extending its drill program into the first quarter of 2017,” said Mr. Quin. | |
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