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Midas Gold Corp.
Summary
| Project: | Stibnite Gold Project | |
|---|---|---|
| Deposit: | Stibnite Gold Project | |
| Location: | United States | |
| Commodities: | Gold-Silver-Antimony | |
| Date: | 3/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 30-3-2017: Midas Gold Corp. announces an Exploration/Drilling Update report for its Stibnite Gold Project deposit at the Stibnite Gold Project project. Drilling results incl. 193.6m @ 2.46g/t Au, 6.3g/t Ag, 0.55% Sb from 2.1m. Midas Gold Corp. (MAX:TSX / | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Quin, Richard Moses (Internal) | |
| ABSTRACT: | Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today announced the final results from its 2016-2017 mineral resource optimization drilling program at the Stibnite Gold Project, Idaho. The drilling program’s objectives were designed to enhance the mineral resources defined in the December 2014 preliminary feasibility study (“PFS”), and the program has delivered overall positive results. Highlights for the last two holes in the program, completed at the Yellow Pine deposit, are reported below with complete results for the program tabulated at the end of this news release. The winter drilling program consisted of fourteen HQ diameter oriented core holes totalling 2,224 meters (7,296 feet). Of these, thirteen holes were drilled in the Yellow Pine deposit area and one at Hanger Flats. Four holes contain significantly higher gold grades than predicted (by the PFS block model) and six holes contain moderately higher gold grades than predicted, and as previously announced, included the best hole ever reported by Midas Gold on the Stibnite Gold Project. In general, antimony grades in the central and southern portions of the Yellow Pine deposit exceeded expectations. “The mineral resource enhancement core drilling program, completed by our team between September 2016 and February 2017, has provided very encouraging results that support Midas Gold’s goal of enhancing the mineral resources at the Stibnite Gold Project,” said Stephen Quin, President & CEO of Midas Gold Corp. “These results will now be evaluated and, along with additional detailed geological and structural information collected from these and re-logged earlier holes, incorporated into an updated mineral resource for the Yellow Pine deposit in the coming months.” | |
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