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Midas Gold Reports First Drill Results from its 2011 Program on the Golden Meadows Project, Stibnite-Yellow Pine, Idaho
Hole MGI-11-56 intersects 122.2m @ 2.32 g/t Au; Hole MGI-10-57 intersects 90.8m @ 2.92 g/t A...
About this update from Perpetua Resources Corp.
[{"type":"text","content":"\n\n\n\n\n\nHole MGI-11-56 intersects 122.2m @ 2.32 g/t Au; Hole MGI-10-57\n intersects 90.8m @ 2.92 g/t Au;Hole MGI-11-66 intersects 53.3m @ 4.12 g/t Au, including 22.9m @ 7.48\n g/t Au\n\n\nVANCOUVER, Aug. 18, 2011 /CNW/ - Midas Gold Corp. (MAX:TSX) today announced preliminary assay results from its ongoing core and\n reverse circulation (\"RC\") drilling program on the Hangar Flats and\n Yellow Pine deposits at the Golden Meadows Project in the\n Stibnite-Yellow Pine District, Idaho. A total of 21 drill holes have\n been completed so far in 2011 and assays are available for the first\n four.  Highlights of assays from these first four drill holes are\n summarized in the table below and additional results from our ongoing\n drill program, including potential by-product values, will be released\n when sufficient assays are received.\n\n\nHighlights of Recent Drilling at Golden Meadows\n\nHole ID\n\n\nType\n\n\nTarget Area\n\n\nFrom(m)\n\n\nTo(m)\n\n\nInterval (m)*\n\n\nGold(g/t)\n\n\nMGI-11-56\n\n\nCore\n\n\nYellow Pine\n\n\n16.6\n\n\n138.8\n\n\n122.2\n\n\n2.32\n\n\nand\n\n\n \n\n\n \n\n\n145.5\n\n\n178.2\n\n\n32.7\n\n\n1.69\n\n\nMGI-11-57\n\n\nCore\n\n\nYellow Pine\n\n\n30.2\n\n\n121.0\n\n\n90.8\n\n\n2.92\n\n\nMGI-11-58\n\n\nCore\n\n\nHangar Flats\n\n\n75.7\n\n\n121.3\n\n\n45.6\n\n\n2.81\n\n\nand\n\n\n \n\n\n \n\n\n168.3\n\n\n207.3\n\n\n39.0\n\n\n2.24\n\n\nMGI-11-66\n\n\nRC\n\n\nYellow Pine\n\n\n96.0\n\n\n149.3\n\n\n53.3\n\n\n4.12\n\n\nincluding\n\n\n \n\n\n \n\n\n117.3\n\n\n140.2\n\n\n22.9\n\n\n7.48\n\n\n* Based upon the current 3D interpretation of the Hangar Flats and\n Yellow Pine deposits the intervals quoted here are at or near true\n thickness and are composited using a 0.5 g/t Au cut-off and may include\n short intervals of internal waste below the cut-off grade. \n\n\n\"These latest results from drilling at our Golden Meadows Project\n confirm a robust mineralizing system with excellent grades over\n significant intervals,\" said Stephen Quin, President and CEO of Midas\n Gold.  \"The results from the Homestake area of the Yellow Pine system\n are particularly encouraging, since they indicate considerable\n potential between two previously mined deposits,\" he said.  \"Drilling\n is now proceeding apace, with four core and one RC rig working around\n the clock, and we look ...