- Second quarter drill results from the Spring Valley Project. Multiple holes have long intercepts with good grades which include shorter sections with higher grades (please refer to our press release dated August 13, 2012 for further details).
- Announced that engineering and permitting activities continue to advance at a rapid pace at its 100%-owned Pan heap leach gold project located in White Pine County, Nevada (please refer to our press release dated August 16, 2012 for further details).
- A construction contract for a new access road for the Pan Project has been awarded and is significantly less than the initial estimates, and the U.S. Army Corps of Engineers has confirmed that no surface waters are present at the Pan Project that fall under jurisdiction of Sections 401 and 404 of the Federal Clean Water Act (please refer to our press release dated September 10, 2012 for further details).
- Midway has also initiated a 20,000 meter drill program at its nearby Gold Rock Project with the goal to significantly expand and upgrade the current Gold Rock resource (please refer to our press release dated September 10, 2012 for further details).
|September 30, 2012||December 31, 2011|
|Cash and cash equivalents||$||10,931,300||$||10,191,069|
|Total liabilities and shareholders’ equity||$||68,151,478||$||62,571,952|