Midas South Property


Ivanhoe Mining District, Nevada

  • Situated between Ivanhoe mine and Midas mine along the Carlin Trend
  • Three identified exploration target zones
  • First target tested contains increasing gold values with depth similar to Midas model

Geology

  • Located along Nevada’s most famous gold belt-the Carlin Trend
  • Midas and Ivanhoe are high-level hot springs systems with high-grade gold located at depth in high-angle faults
  • Similar faults have been identified at Midas South

Historical Drilling

2005
Conducted a CSMT resistivity geophysical survey found 3 major anomalies

2007
Phase II drilling continued to test the major N-S trending, west dipping fault system

2006
Testing of first anomaly with shallow RC/core drilling intersected major fault with anomalous gold values

2008
Additional drilling finds improving gold grades and thickness with increased depth


Midas South Cross Section


Midas South Objectives

  • Complete deeper drilling of identified gold-bearing structure
  • Initiate drilling of two additional interpreted major faults
  • Develop a “Midas” style deposit which would be mined underground