3D Drill Tour of the Golden Meadows Project

Click HERE(http://www.resourceintelligence.net/midas-gold-3d-drill-tour-animation-draft-v03/22853) to watch video.

For the first time in almost a century of gold mining activity, ownership of the multi-million ounce Stibnite-Yellow Pine Gold Mining District in Idaho has been consolidated into one company.

The Golden Meadows project is located 153 km northeast of Boise, Idaho.

The nearby towns of Cascade and McCall provide access to services, workforce and a major highway.


The project benefits from existing infrastructure, including road access to the property, power and ample water supply.

Midas Gold recently increased its land claims in the project area from 4,300 hectares to 11,600 hectares.

The largest known deposits on the project are Hangar Flats, Yellow Pine and West End. Past production on the project extracted almost 1 million ounces of gold, plus silver, antimony and tungsten.

Over 2,140 holes in 151,000 meters have been drilled to date, defining significant quantities of gold in NI43-101 compliant mineral resources.

The Hangar Flats deposit is a high grade gold discovery made in 2009 by Midas Gold adjacent to the historic underground workings.

A total of twenty-six drill holes were drilled by Midas at Hangar Flats during the summer and fall of 2010 as part of its resource definition and exploration drill program.

Results included 176.8 metres grading 2.43 g/t gold starting just 10 metres below the surface in MGI-10-26. Drill hole MGI-10-12 revealed an outstanding 36.6 metres grading 4.08 g/t gold.

These results were incorporated into a NI 43-101 compliant mineral resource estimate released in February 2011. The sulphide resource includes 625,000 ounces gold indicated contained in 9.7 million tonnes @ over 2 g/t; plus another 1.26 million ounces gold inferred in 15.6 million tonnes grading 2.4 g/t gold. Additionally, there is a small oxide resource capped on top of the sulphides.

The mineral resources extend over an area 1.5 km long by 50 to 150 metres wide adjacent to the Meadow Creek fault. Mineralization remains open to expansion within the current resource limits; additionally, exploration has traced mineralization an additional 1.5 km north of the existing mineral resources.

The average depth of the drill holes is 126 metres. The maximum depth drilled to date is 376 metres, defining a series of stacked, north plunging zones that remain open to depth.

Past production at Hangar Flats utilized underground mining methods only focused on the highest grades. Midas Gold is looking at the broader potential of the mineralized corridor and envisions a future open pit operation here, using low cost mining methods.

North of the Hangar Flats deposit lie several other key mineralized prospects, including the Crosscut, Smokin’ Boulder, North, Fiddle, and Monday prospects, all of which have known gold mineralization.

The Yellow Pine deposit, located approximately 3 km north of the Hangar Flats deposit, is the site of a past producing open pit mine that extracted important quantities of gold, silver, antimony and tungsten.



To date, more than 619 drill holes totalling 41,700 metres have been completed at Yellow Pine, revealing a large deposit remaining beneath previous mining operations.

The total mineral resource at Yellow Pine is again primarily sulphide material, with 304,000 ounces of gold indicated plus an additional 2.1 million ounces of gold inferred.

The footprint of the deposit measures approximately 1.5 km by 400 metres. The average drill hole depth is 67 m; the maximum is 346 m, indicating that there is lots of room to grow the resources at depth with additional drilling.

This deposit is open to the east, along strike and at depth.

The West End deposit lies just east of Yellow Pine and has a substantial sulphide resource, with an oxide cap.

The mineral resource here is based on 622 historic drill holes totalling 55,400 metres.

The total oxide and sulphide resources include 1,121,000 oz of gold indicated plus 379,000 oz of gold inferred.

The maximum drill hole depth at the West End deposit is 258 m.

The current drilling covers 1.3 km of strike length and a maximum width of 700 metres. The deposit remains open to the east, along strike and at depth.

Midas Gold is well on its way toward a Preliminary Economic Assessment planned for mid-2012. With extensive drilling ongoing the PEA will include an updated mineral resource estimate and increased metallurgical knowledge of this multi-million ounce gold deposit, all leading to a preliminary concept as to the possible scale of the proposed development. It will also address the potentially important by-products of silver, antimony and tungsten.


In parallel with this resource definition program, Midas will also begin testing some of the numerous other well defined gold prospects such as Fiddle, Garnet, Cinnamid and Fern. With a substantial gold resource already defined, significant room for further growth and a 30,000m drill program in progress, Midas Gold’s Golden Meadows project is set to become one of the premier exploration stories in North America.