Midway Reports On Progress

 

DENVER - Midway Gold Corp. reported on recent developments at the Pan Project in White Pine County, Nevada. Mining at Pan reached steady state of 55k tons/day in January 2015. Cyanide was introduced to the irrigation system on March 6, 2015. Breakthrough was realized March 7.

Most of the ADR (Adsorption-Desorption-Recovery) plant has been commissioned including the Carbon-in-Columns circuit and commissioning of the refinery has commenced. Drilling and development of a replacement water well is complete.

Installation of the assay laboratory began March 11 and is expected to be complete mid-April. Midway expects first gold production from the Pan Mine on March 30, 2015 and anticipates significant production in April and May as more than 3 million tons have already been loaded onto the leach pad since mining commenced in September 2014 and more than 2 million tons went under leach when cyanide was introduced.

At the Gold Rock Project also in White Pine County, Nevada Draft Environmental Impact Statement was published February 13, 2015. The federal permitting process is expected to conclude by the end of 2015.

At the Spring Valley Project in Pershing County, Nevada Barrick Gold published an initial resource for the Spring Valley project, and expects to complete pre-feasibility in late 2015.