Archive for the ‘Midway Gold Corp. MDW’ Category

Dutton Associates Featured Company: Midway Gold Corp. (MDW)

Wednesday, July 30th, 2008

Midway Gold Corp. is a precious metals exploration company that engages in the acquisition, exploration, and development of mineral properties in the western United States. The Company focuses on the discovery and development of quality precious metal resources in politically stable mining areas.

The Midway management team is a powerful group of professionals who collectively represent nearly 200 years of exploration experience and have been directly involved in the discovery and/or development of an impressive 40 million ounces of gold throughout their notable careers. Midway’s Nevada projects have resulted in significant gold discoveries in excess of 1.2 million ounces (either measured or indicated or inferred). This strong team makes Midway Gold consistently successful as one of Nevada’s strongest exploration leaders.

Midway controls over 65 square miles of mineral rights along three major gold trends in Nevada. Midway’s current projects in Nevada are: Spring Valley, Midway property, Pan Property, Afgan property, Gold Rock Property, Burnt Canyon and Thunder Mountain projects.

Spring Valley Project – This project is located 20 miles northeast of Lovelock, Nevada. Spring Valley is a gold system covered by gravel. Gold has been discovered continuously between a depth of 50 feet to 1400 feet, which suggests a large mineral deposit.

Midway Property – The Midway Project is located north of Tonopah, Nevada. This project is a high-grade quartz-gold vein system. Both sampling and metallurgical testing will help determine the true grade of the veins, and move the project toward production.

Pan Property – The Pan Project is a sediment hosted gold deposit. Gold occurs in four shallow oxide deposits, along a 2 mile strike length of a faulted anticline. The company plans to drill 100 holes in 2008 to confirm deposit estimates.

Afgan property – The Afghan project is a second sediment hosted gold deposit located on the Battle Mountain/Eureka gold trend. Gold has been discovered from drilling on either side of a broad area covered by volcanic rocks. Further exploration in 2008 is being planned and may include geophysical surveys and drilling up to 16 holes.

Gold Rock property – The Gold Rock project is a 14 mi.² land position with known gold deposits. The company plans to drill up to 20 holes in 2008 to confirm deposit estimates.

Burnt Canyon and Thunder Mountain – These are partly explored gold projects located along the Humboldt and round mountain gold trends in Nevada. The company is actively assessing the exploration potential of these areas.

The company was founded in 1996 and is based in White Rock, Canada. In July 2008, the company announced that it would merge with Golden Predator Mines, Inc, and upon the merger, Midway would change its name to Golden Predator Mines, Inc.

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