Friday, 10th October 2008 (277 views)

Midway Gold has reported that work on the Pan project in Nevada has continued to expand known gold zones at the site.

Drilling on the Nana and Wendy areas of the location has encountered further areas of gold mineralisation.

Significant figures from the Wendy zone included 0.020 ounces per tonne (opt) gold over 75ft, 0.046 opt over 65ft and 0.013 opt over 85ft.

In addition, analysis from the Nana area returned grades of 0.028 opt over 35ft, 0.015 opt over 50ft and 0.053 opt over 15ft.

President and chief executive in office Alan Branham commented: "Pan drilling continues to provide significant improvements to this near surface oxide deposit."

He added that the grades have the potential to upgrade gold deposits for the project.

In other news, Allied Nevada has revealed that the second phase of gold exploration at its Hycroft mine near Winnemucca is complete.

 

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