Business
Midway Gold Builds Project Development Team, Grants Options
Midway Gold Builds Project Development Team, Grants Options
About this update from Red Lake Gold Inc
[{"type":"text","content":"\nMidway Gold Builds Project Development Team, Grants Options\n\n\n Jun. 17, 2010 (Filing Services Canada) -- Midway Gold Corp. (MDW - TSX Venture, MDW - NYSE Amex),  (\"Midway\" or the \"Company\")is now funded with the closing of the offering of C$6.6 million announced on June 16, 2010 to more aggressively pursue its plans to advance the Company's 100% owned Pan gold resource located in White Pine  County, Nevada through the steps to production by as early as 2013.Midway expects to spend approximately $3.25 million over the next twelve months on programs including a scoping study, development drilling, an environmental impact study, metallurgical testing, waste rock characterization, water rights and base line studies.  Drilling is expected to be conducted to support metallurgical testing, environmental base line, geotechnical work and exploration/expansion of the resource.Midway is transitioning itself from an exploration company to a gold production company and is building a management team that began with the appointment of Kenneth A. Brunk as President and Chief Operating Officer.  Mr. Brunk holds a degree in Metallurgical Engineering from Michigan Technological University and has held key management positions at multiple gold mining companies.  Most recently, he served as Chief Operating Officer of Romarco Minerals.  Prior to that, Mr. Brunk served as Senior Vice President and Senior Technical Officer at Newmont Mining.  Throughout his forty-two year career, Mr. Brunk has conducted numerous feasibility studies and has as well been responsible for designing, constructing, staffing and operating multiple mining operations and improving process efficiencies around the world. Since joining Midway in May 2010, Mr. Brunk has identified the critical path items and timeline to develop the Pan project to production.  Consultants have been engaged and work has been underway for the last month to complete the environmental baseline studies and the design documents and permit applications.Midway is now pleased to announce the appointment of Richard D. Moritz (M.Sc. and QP) to the new position of Vice President of Project Development and the change in title of William S. Neal to Vice President of Geological Services.  Both officers report to Mr. ...