This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Midway Gold Files NI 43-101 Technical Report On Pan Project – Resource Increases To More Than 1 Million Ounces Of Gold

Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V; MDW:NYSE-AMEX) announces it has filed a NI 43-101 technical report including an updated resource estimate that exceeds one million ounces of gold in the Measured and Indicated categories for its Pan Project, located 29 km southeast of Eureka, Nevada. The 1.13 million ounces of gold are contained in 37 million tonnes of 0.49 grams per tonne (gpt) gold in the Measured category and 43 million tonnes of 0.40 gpt gold in the Indicated category using a 0.14 gpt gold cutoff grade. This current gold resource remains open in multiple directions and additional exploration drilling is planned.

Updated Resource Estimate, Pan Project, Nevada

Measured Resource
Cutoff (gpt)   Tonnes   Grade (gpt)   Gold ounces
0.27 27,352,000 0.59 520,000
0.21 30,857,000 0.55 547,000
0.14 36,920,000 0.49 579,000
0.07 50,924,000 0.38 622,000

 

Indicated Resource
Cutoff (gpt) Tonnes Grade (gpt) Gold ounces
0.27 27,126,000 0.52 453,000
0.21 32,652,000 0.47 495,000
0.14 43,118,000 0.40 551,000
0.07 73,925,000 0.27 645,000
 
Measured Plus Indicated Resource
Cutoff (gpt) Tonnes Grade (gpt) Gold ounces
0.27 54,478,000 0.56 974,000
0.21 63,509,000 0.51 1,042,000
0.14 80,037,000 0.44 1,130,000
0.07 124,849,000 0.32 1,268,000
 
Inferred Resource
Cutoff (gpt) Tonnes Grade (gpt) Gold ounces
0.27 1,771,000 0.58 33,000
0.21 2,229,000 0.51 37,000
0.14 3,928,000 0.36 45,000
0.07 9,693,000 0.20 63,000

Note: The tonnage and total ounces of gold were determined from the statistical block model. Average grades were calculated from the tonnage and total ounces and then rounded to the significant digits shown. Calculations based on this table may differ due to the effect of rounding.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs