Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Midas Gold Corp. today announced further assay results from its ongoing exploration and definition core and reverse circulation (“RC”) drilling program on the Hangar Flats and Yellow Pine deposits at its Golden Meadows Project, Idaho. Previously reported 2011 assay results can be reviewed on the Corporation’s web site. Newly received results are summarized in Table 1, below, and highlight the discovery of new areas of high grade gold-silver-antimony +/- tungsten mineralization within the Hangar Flats and Yellow Pine deposits. Complete results are tabulated in Table 2 attached at the end of this news release.
HIGHLIGHTS
-- MGI-11-057 intersects 175.9m of 2.56g/t Au, 2.4g/t Ag and 0.22% Sb,
including higher grade intervals
-- MGI-11-134 intersects 23.3m of 2.12g/t Au and 332g/t Ag including 2.4m
of 1.4g/t Au, 3,160g/t Ag, 0.15% Sb and 0.85% W
-- MGI-11-152 intersects 22.9m of 4.91g/t Au and 1.9g/t Ag
-- MGI-11-159 intersects 44.2m of 2.04g/t Au, 4.7g/t Ag and 0.43% Sb
