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Midway Dauntless zone samples 9.1 m of 6.55 g/t Au
Midway Gold Corp (TSX-V:MDW)
Shares Issued 24,456,950
Last Close 2/24/2006 $2.09
Monday February 27 2006 - News Release
Mr. Alan Branham reports
MIDWAY EXPANDS DAUNTLESS GOLD ZONE WITH 12.7 G/T INTERCEPT AT MIDWAY PROJECT, NEVADA
Midway Gold Corp. is providing results of the first 14 drill holes of a 40-hole exploration program at the Midway project near Tonopah, Nev. In the Dauntless zone, MW06-12 encountered 9.1 metres of 6.55 grams per tonne (g/t) gold (Au) which includes 4.6 metres of 12.8 g/t gold.
MIDWAY PROJECT SIGNIFICANT ASSAYS
(0.3 G/T CUT-OFF) -- 2006 DRILL PROGRAM
Hole From To Inter- Gold True
No. (m) (m) val (g/t) width
(m) (m)
MW06-01 65.5 102.1 36.6 1.03 9.1
MW06-02 61.0 86.9 25.9 0.74 12.2
MW06-03 64.0 83.8 19.8 0.77 12.2
112.8 114.3 1.5 0.90 0.9
MW06-04 67.1 79.2 12.2 0.37 10.7
88.4 103.6 15.2 0.51 12.2
08.2 112.8 4.6 0.36 3.0
144.8 149.4 4.6 0.36 3.0
MW06-05 59.4 74.7 15.2 0.65 13.7
126.5 135.6 9.1 1.55 7.6
MW06-06 21.3 30.5 9.1 0.95 6.1
42.7 57.9 15.2 0.56 12.8
68.6 71.6 3.0 0.63 3.0
106.7 108.2 1.5 1.90 0.9
MW06-07 94.5 96.0 1.5 0.47 0.9
115.8 126.5 10.7 0.46 7.6
167.6 170.7 3.0 1.42 2.1
MW06-08 None 0
MW06-09 93.0 97.5 4.6 0.41 2.4
MW06-10 70.1 73.2 3.0 0.90 1.5
82.3 85.3 3.0 0.38 1.5
MW06-11 54.9 57.9 3.0 0.52 1.5
65.5 68.6 3.0 2.37 1.5
MW06-12 42.7 53.3 10.6 0.38 7
70.1 79.2 9.1 6.55 3.3
incl. 70.1 74.7 4.6 12.78 1.7
85.3 86.8 1.5 0.65 0.9
MW06-13 48.8 51.8 3.0 0.34 1.5
MW06-14 21.3 24.4 3.0 6.06 2.4
68.6 70.1 1.5 2.35 0.9
100.6 103.6 3.0 0.65 3.0
Hole Inter- Gold Area
No. val (ounces/
(feet) ton)
MW06-01 120 0.030 Dauntless
MW06-02 85 0.022 Dauntless
MW06-03 65 0.022 Dauntless
5 0.026
MW06-04 40 0.011 63-77
50 0.015
15 0.011
15 0.011
MW06-05 50 0.019 63-77
30 0.045
MW06-06 30 0.028 Cross
50 0.016
10 0.018
5 0.055
MW06-07 5 0.014 121 south
35 0.013
10 0.041
MW06-08 0.000 121 south
MW06-09 15 0.012 Dauntless
MW06-10 10 0.026 Dauntless
10 0.011
MW06-11 10 0.015 Dauntless
10 0.069
MW06-12 35 0.011 Dauntless
30 0.191
incl. 15 0.373
5 0.019
MW06-13 10 0.010 Cross
MW06-14 10 0.177 Cross
5 0.069
10 0.019
All the drilling was reverse circulation drilling conducted by Eklund Drilling of Elko, Nev., and Layne Christensen of Chandler, Ariz. Most of the report intercepts were assayed as 30-gram fire assays by ALS-Chemex labs in Sparks, Nev. Check assays of 1,000-gram screen metallic assays on splits of the significant intercepts are currently being conducted at ALS-Chemex labs. All the sampling were conducted by independent contractors hired by Midway Gold.
The results demonstrate that the Dauntless zone is open to the northwest and southeast but the higher-grade gold occurs in chutes within the vein system. A core rig has been mobilized to the property to better define the gold orientation. Two reverse circulation drills are also drilling on the property. An additional 26 holes are in progress to test the extent of the Dauntless zone and similar nearby vein targets.
This release has been reviewed and approved by Craig Stiles (PGeol), a qualified person as that term is defined in National Instrument 43-101.
© 2006 Canjex Publishing Ltd. |
