Midas South Gold Property

  • 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

1. Complete deeper drilling of identified gold-bearing structure

2. Initiate drilling of two additional interpreted major faults

3. Develop a “Midas” style deposit which would be mined underground