Midway shaping up zone near Tonopah (April 11, 2006)

A 43-hole drill program by Midway Gold (MDW-V) at its Midway property in Nye Cty., Nev., has wrapped up and results show an expansion of at least one of the property’s mineralized zones.

Better than half the new holes were drilled on the Dauntless zone, one of eight known prospects on the property. There, five new drill sections extended the zone by 200 metres along strike, and established that the zone consists of two or three sub-parallel veins with a total true width of 7 to 20 metres. The zone strikes southeast and dips southwest.

Typical grades are 0.5 to 4 grams per tonne across the whole width, but some holes cut higher-grade intersections in this drill program. The most recent high-grade hole ran 6.2 grams gold per tonne over 34.7 metres core length (translating to about 11 metres true width). Earlier intersections on Dauntless graded 4.6 grams per tonne over 10.7 metres (6.1 metres true width) and 12.8 grams per tonne over 4.6 metres (1.7 metres true width).

In the Enterprise zone, four holes encountered multiple mineralized zones gnerally 1.5 to 6 metres in true width. The best grade came out of a 3.1-metre interval that graded 5.1 grams per tonne, with other intersections ranging from 0.6 to 3.4 grams per tonne.

The Cross zone, tested by five holes, returned one intersection of 6.1 metres grading 6.7 grams gold per tonne and another of 3 metres grading 6 grams per tonne. Other holes showed lower grades over wider true widths, up to 12.8 metres. Four other zones, Hornet, Nautilus, 121 South and 63-77, showed some gold intersections.