Midway Drills 33 Meters Of 2 gpt Gold At Gold Rock

 

DENVER, CO - Midway Gold Corp. reported that the Company's initial drilling on its Gold Rock Project, White Pine County, Nevada intercepted 33.5 meters of 2.06 grams per tonne (gpt) gold, including 7.6 meters of 4.18 gpt gold, in drill hole GR11-05. Additional intercepts include 48.8 meters of 0.96 gpt gold in drill hole GR11-07, and 18.3 meters of 0.82 gpt gold in drill hole GR11-03. Significant drill intercepts are listed in the table below.

Ken Brunk, Midway's President and COO said "Midway has identified gold mineralization from historic drill data that extends for almost 3 km along strike north and south of the previously mined Easy Junior pit. The historic resource represents only a small portion of the area and is confined to only about 0.6 km of strike length around the existing open pit. Our 2011 drilling program is designed to verify the location and grade reported in the historic holes so we can use those results in an NI 43-101 resource estimate that will cover an area substantially larger than that of the reported historic resource. We believe Gold Rock could host a gold deposit that is comparable in size to our nearby Pan gold deposit, but with a potentially higher average grade. This large amount of historic drilling, once verified, could allow Midway to more quickly move this property toward a development stage."