I can't believe you are holding on to your MDW fantasy with these results today!!!!!!!!!!!!For weeks you have been going on about rumours and 10 mil ozs and takeovers and stunning riches and the best hole today ???? 5m of 3.5 g/t! What a joke.
There is gold there, of course and still 12 more holes in the pipeline right now but come on, tone down the rhetoric for a bit O.K.?? Stock should bomb on these assays. I didn't see the depth of these intercepts mentioned, they better be at surface.
Cheers,
Ogi
HERE IT IS FOLKS:
Midway Gold Corp (C-MDW) - News Release
Midway cuts 3.25 g/t gold over 5.2 m on Sill zone
2005-08-31 15:44 ET - News Release
Shares issued 23,361,450
MDW Close 2005-08-30 C$ 1.60
Mr. Alan Branham reports
MIDWAY ANNOUNCES NEW GOLD INTERCEPTS AT SPRING VALLEY PROJECT, NEVADA
Midway Gold Corp. has discovered additional gold in the Sill zone at the Spring Valley project, in Pershing county, Nevada. These results are from core (holes suffix with a "c") and reverse circulation holes (no suffix) which enlarge the Sill gold zone on the east side of the project. Listed below are results from eight holes. Metallic screen assay were conducted on 1,000-gram splits from the drill samples (denoted with MS) and standard 30-gram fire assays (FA) were conducted at ALS-Chemex labs in Sparks, Nev.
SPRING VALLEY PROJECT
SILL ZONE SIGNIFICANT INTERCEPTS
Hole No. Width Au Assay Width Au
(feet) (opt) (m) (g/t)
SV05-82 5 0.138 FA 1.5 6.60
95 0.025 MS 29.0 0.86
15 0.069 MS 4.6 2.36
SV05-83 50 0.033 FA 15.2 1.13
15 0.024 FA 4.6 0.82
SV05-84c 88 0.037 MS 26.8 1.27
Includes 17 0.095 5.2 3.25
SV05-85c -- pending
SV05-86c 59 0.031 MS 18.0 1.06
SV05-87c 85 0.025 MS 25.9 0.86
SV05-88 50 0.027 FA 15.2 0.92
SV05-92c -- pending
SV05-93 25 0.017 FA 7.6 0.58
SV05-94 5 0.055 FA 1.5 1.88
30 0.047 FA 9.1 1.61
These results are encouraging and continue to expand Sill gold zones. Midway is fully financed and is accelerating the exploration of this property with three drill rigs operating at the Spring Valley project with plans for at least 30,000 feet of drilling. The drilling will delineate the extent and grade of the three known gold zones. In addition, several new targets around the edge of the large one-kilometre-by-two-kilometre diatreme volcanic breccia complex are being tested. Gold occurs in strong quartz-tourmaline stockwork veining. The host rocks are rhyolite diatreme breccias, breccia pipes, porphyry dikes and sills. Midway currently has over 20 holes completed and has submitted over 1,500 samples to ALS-Chemex; assays are pending. The metallic screen assays are taking in excess of 30 days for completion because of the need to prepare much-larger samples. Because of the coarse nature of the gold, Midway plans to continue to use the metallic screen technique on all zones of significant gold at Spring Valley. Details of Midway Gold's projects are available on the company's website.
Midway is also currently conducting drill tests on the Midway project, in Nye county, Nevada, to expand the main resource area. |
