Midway Gold - eine 10 mio Unzen Chance? - 500 Beiträge pro Seite

[valueinvestor]

Wer meine Beiträge aufmerksam verfolgt, hat sicher an der einen oder anderen Stelle einen Hinweis auf Midway Gold (MDW) gelesen, bei denen ich letzten April bei 67 Cent eingestiegen bin.

Midway hat lange Mikado gespielt und sich nicht bewegt, kein Geld gehabt, aber ich glaube, dies lässt sich heute retrospektiv gut erklären.

Der Schlüssel ist diese News:
http://www.midwaygold.com/s/NewsReleases.asp?ReportID=432456
December 08, 2010
Midway Expands Land Position at Spring Valley Gold Project, Nevada
Denver, Colorado -- Midway Gold Corp. is pleased to report that 1.2 square miles of additional land have been added to the Company's Spring Valley project, near Lovelock Nevada with two recent acquisitions. These strategic new properties will allow expanded exploration in an area contiguous with the existing Inferred Resource*.

Exakt nach dieser News begann der Kurs zu rennen:


Jetzt haben sie dieses Land und haben ein neues Loch gebohrt:

Damit erzählt sich die Geschichte selbst. Wenn dieses Step Out Loch keine neue Entdeckung ist, sondern eine Verlängerung der bekannten Zone, dann ist Spring Valley ein 10 Mio Unzen Gebiet.

Die Ernsthaftigkeit dieser Überlegung zeigt sich auch darin, dass Barrick Gold dieses Gebiet im Rahmen eines JV exploriert - und die wollen sicher nicht ein 2 mio Unzen low grade Pit in Nevada. Die letzten Jahre haben alle die Füsse still gehalten, um günstig an die Parzelle zu kommen, jetzt geht der Kurs durch die Decke.

Nicht einmal diese News konnte den Kurs nennenswert aufhalten:
http://www.midwaygold.com/s/NewsReleases.asp?ReportID=443410
Hoffentlich gelingt es Midway, diese Ungereimtheiten schnell und vollständig aus dem Weg zu räumen.
Spring Valley ist nicht das einzige Pferdchen im Stall:
http://www.midwaygold.com/s/ResourceEstimates.asp

[valueinvestor]

Man beachte auch die Rekordvolumina in diesem Wert, aktuell schiesst der Kurs über die 2,10 $

http://de.advfn.com/p.php?pid=staticchart&s=A%5EMDW&p=0&t=39

[Hundehirn]

der Chart sieht sehr verlockend aus

packe ich mir mal auf die Watchlist

[valueinvestor]

March 18, 2011, 8:20 p.m. EDT
Midway Gold -- CFO change



DENVER, Mar 18, 2011 (BUSINESS WIRE) -- Midway Gold Corp. (the "Company") reports that the Company has hired Fritz K. Schaudies as its Chief Financial Officer replacing Doris Meyer in that role. The Company sincerely thanks Ms. Meyer for her dedication and support to the Company during its growth years. As the Company now prepares itself to become a gold production company it needs a full time Chief Financial Officer to work in Denver with the rest of the management team.

Mr. Schaudies has over 35 years of progressive financial leadership experience in the mining and real estate development industries. Mr. Schaudies brings extensive senior management expertise in the fields of financial accounting, acquisition analysis, financial and project forecasting, budgeting, and planning. For the past four years Mr. Schaudies was a consultant to an emerging mining company's start-up and operation of a gold mine in the State of Sonora, Mexico. Prior to that Mr. Schaudies held various positions with Newmont, Echo Bay Mines, Arch Mineral, Morrison Knudsen, and the Consolidation Coal Company (now Consol Energy). Mr. Schaudies is a registered CPA in Colorado, holds an MBA from Boise State University, completed extensive work towards a M.S. in Accounting at the University of Colorado, holds an undergraduate degree in accounting from Wheeling College and an undergraduate degree in Botany from the Ohio University.

ON BEHALF OF THE BOARD "Dan Wolfus" Dan Wolfus, Director, Chairman and CEO

About Midway Gold Corp.

Midway Gold Corp. is a precious metals company with a vision to explore, design, build and operate mines in a manner accountable to all stakeholders while producing an acceptable return to its shareholders. For more information about Midway, please visit our website at www.midwaygold.com or contact R.J. Smith, Manager of Corporate Administration, at [phone] (toll-free).

http://www.marketwatch.com/story/midway-gold-cfo-change-2011…

Das hört sich so an, als hätten sie einiges vor.

[Schnueffelnase]

Sehr bemerkenswert:

Zitat von valueinvestor: ... As the Company now prepares itself to become a gold production company it needs a full time Chief Financial Officer to work in Denver with the rest of the management team.
...

Sieht so aus, als würden die jetzt ernst machen.

[valueinvestor]

Midway Gold Announces Positive Prefeasibility Study for Pan Gold Project, Nevada

DENVER, Apr 04, 2011 (BUSINESS WIRE) -- Midway Gold Corp. announces the results of a positive Prefeasibility Study of its Pan gold project located in White Pine County, Nevada. The accompanying National Instrument (NI) 43-101 technical report will be filed on SEDAR within 45 days. This NI 43-101 report was independently prepared by Gustavson Associates, LLC ("Gustavson") of Lakewood, Colorado, and concludes that the Pan Project is economically viable and amenable to heap leach mining operations, as summarized below.

Highlights of the Prefeasibility Study (Base Case at $1,050/oz gold)

-- Resource growth over the July 2010 Preliminary Economic Assessment -- 848,700 contained ounces in Measured and Indicated Resource categories at a grade of 0.016 oz gold per short ton at a 0.008 oz/ton cutoff grade
-- Proven and Probable Reserves of 716,900 contained ounces grading 0.017 oz/ton gold
-- Robust project economics -- Capital costs of US$79.25 million including 15% contingency
-- Total cash operating costs (including taxes) projected to be $431 per oz
-- Total cash costs (including royalties) projected to be $473 per oz
-- Fully loaded production cost (cash costs and capital) is expected to be $666 per oz
-- At $1,050 per oz gold, after-tax net present value (NPV) at 5% discount of US$91.1 million and internal rate of return (IRR) of 32.5% using a 0.008 oz/ton cutoff grade
-- At $1,250 per oz gold, the NPV increases to approximately $142 million (55% higher)
-- At $1,450 per oz gold, the NPV increases to approximately $192 million (111% higher)
-- Project lifespan in excess of 9 years with heap leach stacking of 17,000 tons per day (tpd) -- Average of 77,000 ounces per year produced over 8.5 years of operation
-- Average estimated recovery of 80% gold for the South Pit and 70% gold for the North Pit
-- Life of mine (LOM) strip ratio of 1.40:1
-- Expansion potential includes -- Inferred resources in the $1,050 pit
-- Open mineralization at depth and along strike at North and South Pan

Pan Mineral Reserves and Resources

The open pit mineral reserves and resources were completed by Gustavson, with Ms. Terre A. Lane and Mr. Donald E. Hulse acting as the Qualified Persons (QP). The Prefeasibility Study demonstrates the project is economically viable therefore the Measured and Indicated Mineral Resources within the designed pits are considered Proven and Probable Reserves. Only the two main ore bodies (North Pan and South Pan) are included in the mine design. A 0.008 oz/ton cutoff grade resulted in the highest NPV for the project and is the selected Base Case. Mineral Reserves were based upon a design pit using Lerchs Grossmann generated pit surfaces that maximize revenue based on a $1,050 per ounce three-year trailing average price of gold.

The resource estimation includes all data collected through February 28, 2011, including 15 core holes drilled in 2010 by Midway as well as new lithology and alteration models for breccia controlled mineralization. Ordinary Kriging was used to estimate gold grades in a block model with blocks 20 feet wide, 20 feet long and 20 feet high. Measured and Indicated resource estimates are limited to drill intervals with fire assay results. Inferred resource estimates include all available assay data.

The mineral resources and reserves are summarized in Table 1 and Table 2 below. Mineral resources are inclusive of mineral reserves.

Table 1: Gustavson Total Pan Mineral Resource, March 2011

 Cutoff Grade    Short Tons      Gold Grade      Ounces

 (gold oz/ton)    (x 1000)      (gold oz/ton)   (x 1000)

-------------    ----------    -------------    --------

                        Measured

---------------------------------------------------------

     0.01          21,996           0.019         426.9

-------------    ----------    -------------    --------

     0.008         25,025           0.018         453.7

-------------    ----------    -------------    --------

     0.006         28,110           0.017         474.5

-------------    ----------    -------------    --------

     0.004         30,685           0.016         487.9

-------------    ----------    -------------    --------

                        Indicated

---------------------------------------------------------

     0.01          21,273           0.016         346.2

-------------    ----------    -------------    --------

     0.008         26,814           0.015         394.8

-------------    ----------    -------------    --------

     0.006         32,162           0.013         432.2

-------------    ----------    -------------    --------

     0.004         36,629           0.013         456.1

-------------    ----------    -------------    --------

                 Measured plus Indicated

---------------------------------------------------------

     0.01          43,269           0.018         770.7

-------------    ----------    -------------    --------

     0.008         51,839           0.016         848.7

-------------    ----------    -------------    --------

     0.006         60,272           0.015         909.8

-------------    ----------    -------------    --------

     0.004         67,314           0.014         946.2

-------------    ----------    -------------    --------

                        Inferred

---------------------------------------------------------

     0.01           4,977           0.016         80.5

-------------    ----------    -------------    --------

     0.008          7,164           0.014         100.2

-------------    ----------    -------------    --------

     0.006         10,834           0.012         125.1

-------------    ----------    -------------    --------

     0.004         14,690           0.010         144.7

-------------    ----------    -------------    --------









Table 2: Gustavson Total Pan Mineral Reserve, March 2011

 Cutoff Grade    Short Tons      Gold Grade      Ounces

 (gold oz/ton)    (x 1000)      (gold oz/ton)   (x 1000)

-------------    ----------    -------------    --------

                         Proven

---------------------------------------------------------

     0.01          20,481           0.020         402.5

-------------    ----------    -------------    --------

     0.008         23,012           0.018         425.4

-------------    ----------    -------------    --------

     0.006         25,289           0.017         441.3

-------------    ----------    -------------    --------

     0.004         27,047           0.017         450.2

-------------    ----------    -------------    --------

                        Probable

---------------------------------------------------------

     0.01          15,656           0.017         265.1

-------------    ----------    -------------    --------

     0.008         18,540           0.016         291.1

-------------    ----------    -------------    --------

     0.006         20,944           0.015         308.0

-------------    ----------    -------------    --------

     0.004         23,775           0.016         374.2

-------------    ----------    -------------    --------

                  Proven plus Probable

---------------------------------------------------------

     0.01          36,137           0.018         667.6

-------------    ----------    -------------    --------

     0.008         41,553           0.017         716.5

-------------    ----------    -------------    --------

     0.006         46,233           0.016         749.3

-------------    ----------    -------------    --------

     0.004         50,822           0.016         824.4

-------------    ----------    -------------    --------

            Inferred within $1,050 Pit Design

---------------------------------------------------------

     0.01            530            0.015          8.1

-------------    ----------    -------------    --------

     0.008           774            0.013         10.3

-------------    ----------    -------------    --------

     0.006          1,110           0.011         12.6

-------------    ----------    -------------    --------

     0.004          1,542           0.010         14.8

-------------    ----------    -------------    --------

Expansion Potential

Additional mineralization not included in the Prefeasibility Study includes Inferred resources in the $1,050 pit, open mineralization at depth and along strike at North and South Pan. Mineralization at North Pan has not been closed off at depth, particularly along the Pilot Shale-Devil's Gate Limestone contact, or to the north where it trends under Tertiary volcanic rocks. At the South Pan deposit, mineralization is open to the east and to the south where the deposit also trends under Tertiary volcanic rocks.

Mining and Production

Midway plans to use conventional open pit mining methods, using front end loaders and in-pit crush and convey with mobile jaw crushers and mobile conveyors conveying waste to the waste dump. The majority of the material from the mine will be drilled and blasted prior to loading. The initial mining fleet consists of two loaders, two jaw crushers, and two 100-ton trucks, with various support equipment. The mine plan produces 6.1 million tons of ore per year for delivery to the heap leach (17,000 tpd). Peak ore and waste production is estimated to be 52,000 tpd. The pit design is based on inter-ramp slope angles of 50 degrees for South Pan, 45 degrees for North Pan. The face slope angles are 70 degrees for South Pan and 63 degrees for North Pan.

                  Table 3: Operating Costs

     Description                US$                 US$

                          Per ton of ore      Per oz of gold

--------------------      --------------      --------------

       Mining                  1.76               136.92

--------------------      --------------      --------------

     Processing                2.46               191.02

--------------------      --------------      --------------

         G&A                   0.33                25.88

--------------------      --------------      --------------

  Production Taxes             0.50                38.44

--------------------      --------------      --------------

  Contingency - 10%            0.51                39.23

--------------------      --------------      --------------

Total Operating Cost           $5.56              $431.48

--------------------      --------------      --------------



          Table 4: Initial Capital Costs

          Description                    US$

-----------------------------      --------------

     Construction capital           58.11 million

-----------------------------      --------------

        Owner's capital             4.42 million

-----------------------------      --------------

       Contingency (15%)            9.45 million

-----------------------------      --------------

 Working capital and inventory      7.26 million

-----------------------------      --------------

             Total                 $79.25 million

-----------------------------      --------------

Metallurgy and Processing

Material from the North and South Pan pits will be processed using conventional heap leaching methods. Ore from both pits will be crushed by the primary in-pit mobile jaw crusher and secondary and tertiary cone crushers to a nominal 0.5 inches prior to leaching. The fines will be agglomerated. Crush size and leach kinetics are based on current metallurgical testing. Additional testing for optimization is underway.

Barren solution will be distributed on the leach pad with drip tube emitters. Pregnant solution and storm water storage ponds are integral to the leach pad system. Pregnant solutions will be treated in an adsorption/desorption refining (ADR) plant using conventional unit processes.

Opportunities and Recommendations

Gustavson has recommended the following work plans as part of Midway's ongoing project development effort to further refine costs, recoveries, engineering, and mine designs in order to produce a Feasibility Study:

-- Proceed with the NEPA / EIS (environmental) permitting process.
-- Expand the mineral resource and mineral reserve to determine the total mineral resource potential at depth and along strike at North and South Pan.
-- Complete a statistical review of the RC/core twin holes completed on the property.
-- Complete metallurgical testing of 29 composite diamond core samples.
-- Selective core drilling to determine if historic RC assays are under-reporting gold grades. Limited data suggests that core assays average 30.5 percent higher grade than corresponding RC assays.
-- Selectively re-drill areas with older mine lab solution assays, which average 14.7 percent lower gold grades than twin holes with fire assays.

http://www.marketwatch.com/story/midway-gold-announces-posit…

[valueinvestor]

Sehr schön, die 2$ wurden wieder überschritten heute.

Nachtrag

http://www.marketwatch.com/story/midway-gold-announces-initi…

Midway Gold Announces Initial Underground Resource for Midway Project, Nevada

DENVER, Apr 01, 2011 (BUSINESS WIRE) -- Midway Gold Corp. (tsx.v and nyse amex:MDW) (the "Company") announces the results of an initial underground resource evaluation of the Midway project located in Nye County, Nevada. The accompanying National Instrument (NI) 43-101 technical report to be filed on SEDAR within 45 days contains a technical and scientific review of information regarding the project and makes certain recommendations for future work programs. A summary of the conclusions in the technical report is provided below. The NI 43-101 report was independently prepared by Gustavson Associates, LLC ("Gustavson") of Lakewood, Colorado.

A resource estimate prepared by Mine Development Associates in 2005 using an open pit mining scenario calculated an inferred low grade resource of 5.5 million short tons containing 215,500 ounces of gold at an average grade of 0.039 oz/ton gold. While the Company considers the 2005 estimate valid, it believes preferred and optimal development at the Midway project may be through underground mining focused on the structurally controlled gold zones. Underground mining also recognizes certain site sensitivities involving archaeology and groundwater considerations that partially formed the basis for a recent cooperative agreement with the Town of Tonopah (see press release dated February 17, 2011). Core drilling designed to further define additional veins is in progress and is anticipated to continue throughout the year. The Company has also undertaken a program to implement the recommendations of Gustavson as noted below. Management will assess the results of these efforts and will commission further independent analysis as and when required.

Therefore, the current NI 43-101 compliant resource estimate was commissioned to evaluate a limited number of vein-like structures primarily in the Discovery Zone. Gustavson modeled mineralization using an Indicator Kriging method to analyze zones of potential high grade mineralization that may or may not correspond to modeled veins but which may represent veins that have not yet been modeled. This indicator model was calibrated by comparison with the modeled vein cross sections, and appears to have identified higher grade areas with continuous gold mineralization that could possibly be mined by underground methods.

Midway Project Initial Inferred Underground Resource

Cutoff Grade   Short Tons    Grade   Ounces

  (oz/ton)     (thousands) (oz/ton)

------------  -----------  --------  ------

      0.1000        114.0    0.3017  34,394

------------  -----------  --------  ------

      0.0750        127.0    0.2813  35,725

------------  -----------  --------  ------

      0.0500        130.0    0.2758  35,854

------------  -----------  --------  ------

      0.0200        131.0    0.2742  35,920

------------  -----------  --------  ------

Recommendations

Gustavson recommends the following work plan, which the Company has commenced:

-- Twin a select number of reverse circulation drill holes in the various mineralized zones by diamond drill core to compare methodologies and resulting assay results.

-- Compile, analyze and document QA/QC data generated by Midway and Chemex for all assays completed since 2004.

-- As part of an ongoing QA/QC program with drill samples, submit blank samples at the rate of 2%.

-- Compile, analyze and document the metallic screen assay results as compared with the original fire assays and/or with duplicate analyses run on the same samples.

-- Conduct future definition drilling with diamond drill core and restrict reverse circulation drilling to exploration activities.

[valueinvestor]

Midway gestern die 4. stärkste Aktie an der AMEX, after hours auf 2,17$

http://pennystockdd.com/stock-news/amex-exchange-gainers-tod…

[valueinvestor]

Midway Gold Builds Operations Team for Nevada Gold Projects

Midway Gold Corp. Ordinary Shares (Canada) (AMEX:MDW)
Historical Stock Chart

1 Monat : March 2011 bis April 2011


Midway Gold Corp. (TSX.V and NYSE Amex: MDW) (“Midway” or the “Company”) is pleased to announce the appointment of Roger G. Gross to the position of Vice President of Nevada Operations for its U.S. operating subsidiary.

“Midway is excited and pleased to add Roger to our team as he is a respected and experienced operator in the gold industry, and will bring immediate value to our Nevada projects and future growth of the Company,” said Ken Brunk, President and COO of Midway. “Roger’s level of technical expertise in operating mines will be valuable and important to our shareholders. He will be based locally at our regional office in Ely, Nevada, and will lead our development and construction team in executing the anticipated feasibility study and mine plan for the Pan project.”

Mr. Gross holds B.S. and M.S. degrees in Mining Engineering from the School of Mines and Engineering at Montana Tech in Butte, Montana and throughout his 29 year career has managed mining operations in the Western U.S. and around the world. Most recently, he was responsible for management of all business unit activities for American Colloid Company’s mining operations in South Dakota and Nevada. Previously, he spent 15 years with Newmont Gold Company, where his range of activities included posts as mine manager of the Batu Hijau operation through the establishment of the Closure and Reclamation business unit in Nevada. Prior to Newmont, he served in positions as mine engineer, foreman and superintendent for a number of precious metals companies, including Freeport McMoran Copper and Gold, Bond International Gold, Western Energy Company, and the Energy Development Company. Mr. Gross has extensive experience in financial evaluation, feasibility, permitting, engineering, construction, and mine operations management, including through the reclamation phase of operations.

Mr. Gross reports to Midway’s Vice President of Project Development, Richard Moritz, and will be responsible for overseeing the development, construction and operation of the Company’s projects in Nevada, principally Pan and Gold Rock in White Pine County and the Midway Project in Nye County.

At Pan, a reverse circulation drilling program is currently underway to follow up on results of last year’s diamond core drilling program, to potentially upgrade inferred resources to higher categories and to explore for open mineralization at depth and along strike at North and South Pan. At the Midway Project, a diamond core drilling program is also in progress to further define additional vein-like structures identified from earlier drilling.

Midway’s Nevada operations are based from its regional office located in Ely, Nevada.


http://de.advfn.com/nachrichten/Midway-Gold-Builds-Operation…
---

[Deltaline]

Neues Kaufsignal in Sichtweite

Mitte März berichteten wir bei Kursen um 1,60 USD über die außerordentlichen Chancen von Midway Gold (USA: MDW). Heute notiert der angehende Goldproduzent bei 2,13 USD – ein Kursplus von über 30%! Mit einem Börsenwert von etwa 215 Mio. USD ist Midway noch immer recht günstig. Nach einem Ausbruch über das jüngste Hoch bei 2,40 USD dürfte in den kommenden Wochen und Monaten recht schnell die 3-Dollar-Marke in Sicht kommen.

Midway drückt bei der Entwicklung seiner Gold-Projekte im US-Bundesstaat Nevada auf´s Tempo und schickt sich nun ganz offiziell an in die Riege der Produzenten aufzusteigen. Die Amerikaner verstärken augenscheinlich derzeit ihr Arbeitsteam für die Erschließung ihrer Low-Grad-Vorkommen, allen voran von „Pan“. Eine am vergangenen Montag veröffentlichte vorläufige Machbarkeitsstudie für dieses Projekt beziffert die Kosten des geplanten Tagebaus auf knapp 80 Mio. Dollar. Und: Unabhängige Experten sehen erhebliches Explorationspotenzial; ein entsprechendes Bohrprogramm zur Aus- und Aufwertung der Ressource läuft bereits. Aktuell summiert sich die Pan-Gesamtressource in den Kategorien Measured & Indicated auf 848.700 Unzen Gold. Weitere 716.900 Unzen kommen als Reserve hinzu. Unter dem Strich sollen auf Pan über einen Zeitraum von 9 Jahren jährlich 77.000 Unzen Gold zu Kosten von etwa 470 Dollar pro Unze produziert werden. Rechnen wir die Kapitalkosten und weitere Risikoparameter mit ein, könnte Pan nach unserer Schätzung jährlich 40 bis 50 Mio. USD einbringen. Aber: Pan ist nur eines von einem halben Dutzend Gold-Projekten in Nevada.

Bei der Bewertung von Midway Gold gilt unser Hauptaugenmerk nach wie vor dem Spring Valley, welches Midway zusammen mit Barrick Gold (USA: ABX) entwickelt und in Produktion führen möchte. Ob es soweit kommt, steht jedoch auf einem anderen Blatt: Gut möglich das der potente Partner zuvor Midway in einem Happen schluckt oder Spring Valley separat erwirbt. Beide Szenarien würden den Midway-Aktien wohl kaum schaden. Halten Sie deshalb an Ihren Anteilen weiter fest. Den Stop-Loss würden wir nun auf Einstand nachziehen.
http://www.capital-manager.net/aktuelles-detail.php?id=25" target="_blank" rel="nofollow ugc noopener">
http://www.capital-manager.net/aktuelles-detail.php?id=25

[valueinvestor]

Antwort auf Beitrag Nr.: 41.349.997 von Deltaline am 11.04.11 17:43:27

Stock Ideas for $5000 Gold

http://seekingalpha.com/article/265447-stock-ideas-for-5000-…

[valueinvestor]

Trading Halt bei Midway Gold!!

http://de.advfn.com/nachrichten/Investment-Industry-Regulato…

Hoffentlich ist das Spiel noch nicht aus. Eine Übernahme mit 30% oder 40% Premium würde mir in Anbetracht des Potentials doch nicht ganz ausreichend erscheinen.

[valueinvestor]

Midway’s Spring Valley, Nevada Gold Project Experiences Substantial Resource Growth

Midway Gold Corp. Ordinary Shares (Canada) (AMEX:MDW)
Intraday Stock Chart

Heute : Monday 2 May 2011


Midway Gold Corp. (TSX.V and NYSE Amex: MDW) (the “Company”) announces that the total gold identified at its wholly-owned Spring Valley project in Pershing County, Nevada has grown significantly from the previous Inferred resource estimate in 2009. Drilling at Spring Valley in the last two years has resulted in the conversion of 2.16 million ounces of gold to the Measured and Indicated categories, consisting of 0.93 million ounces in the Measured category and 1.23 million ounces in the Indicated category at a cut-off grade of 0.14 grams per tonne (g/t). The new drilling also produced an additional Inferred resource of 1.97 million ounces of gold at the same cut-off grade. Importantly, the greater part of the drilling was limited to the resource area labeled in the following figure. Please click on the following link to view the figure:

http://www.usetdas.com/maps/midway/MidwayFigureMay2-11.pdf

The Measured resource is contained within 59.0 million tonnes grading 0.49 g/t, the Indicated resource is contained within 85.8 million tonnes grading 0.45 g/t and the Inferred resource is contained within 103.9 million tonnes grading 0.59 g/t.

Ken Brunk, President and Chief Operating Officer said, “We believe these new results show that Spring Valley is rapidly becoming a world-class gold system and could see further substantial growth with continued exploration along trend of the resource reported here. We are anxiously awaiting the commencement of drilling and future results from ground acquired late last year.”

The resource remains open at depth, to the south, and to the northwest. Significant untested strike length remains within land recently acquired adjacent to the south end of the resource. Drill hole SV10-499c encountered gold 1,800 meters south-southwest of the 2011 resource area in similar host rocks and alteration along trend of known mineralization (February 24, 2011 press release). Midway considers the untested trend to be highly prospective. The resource is open to the north where hole SV10-511 intercepted 295 meters of 2.5 g/t gold, which included 71.6 meters of 9.0 g/t gold, using the 0.14 g/t cut-off.

Under the terms of a March 9th, 2009 agreement between Midway and Barrick Gold Exploration Inc., Barrick will earn a 60% interest in the project by completing work expenditures totaling US$30 million before December 31, 2013. Barrick has informed Midway that it intends to conduct and fund the minimum required program of US$7 million in 2011 which will result in a cumulative expenditure of US$16 million by December 31, 2011. Drilling in 2011 is expected to focus on expanding the resource and evaluating satellite targets, particularly within the recently acquired land south of the existing resource.

The 2011 resource estimate includes all data provided to Midway by Barrick from its 2009 and 2010 drill campaigns. The estimate has been prepared by Gustavson Associates, LLC of Lakewood, Colorado, under the direction of Ms. Terre A. Lane, an independent Qualified Person. All estimates were prepared utilizing industry standard Software and resource estimation methodology. Further details will be available in a new NI 43-101 technical report, which will be posted on SEDAR (www.sedar.com), no later than 45 days from the date of this release.

(...)
Note: The tonnage and total ounces of gold were determined from the block model. Average grades were calculated from the tonnage and total ounces and then rounded to the significant digits shown. Calculations based on this table may differ due to rounding effects.

Information in this release has been reviewed and approved by Ms. Terre A. Lane, Principal Mining Engineer and Mr. Donald E. Hulse (P.E.), Vice President, Mining and Latin American Development, both of Gustavson, “qualified persons" as that term is defined in NI 43-101. This release has also been reviewed and approved for Midway by Mr. William S. Neal (M.Sc. and CPG), Midway’s Vice President of Geological Services and a "qualified person" as that term is defined in NI 43-101.

ON BEHALF OF THE BOARD

"Kenneth A. Brunk"

http://de.advfn.com/nachrichten/Midway-s-Spring-Valley-Nevad…
Kenneth A. Brunk, Director, President and COO

[valueinvestor]

die beiden livecharts:
usa

Kanada

[valueinvestor]

Midway hat eine Finanzierung zu 1,60$ durchgezogen - bemerkenswert daran ist, dass es keine Warrants gibt.

http://www.marketwatch.com/story/midway-announces-us12-milli…

Midway Gold Corp. ("Midway" or the "Company") CA:MDW
+5.37%
MDW
+7.85%
is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (the "Underwriter"), pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 7,500,000 common shares (the "Common Shares") of the Company at a price of US$1.60 per Common Share (the "Issue Price") for aggregate gross proceeds to the Company of US$12,000,000 (the "Offering"). The Common Shares are to be sold by way of a prospectus supplement to Midway's existing base shelf prospectus dated April 21, 2011 and filed with the securities commissions in the provinces of British Columbia, Alberta and Ontario and in the United States by way of a prospectus supplement to the Company's base shelf prospectus included in the Company's shelf registration statement filed with the U.S. Securities and Exchange Commission (the "SEC") on April 21, 2011.

Midway intends to use the net proceeds of the offering to advance its projects, to fund its general and administrative costs (including property maintenance fees) and for general working capital purposes.

Closing of the Offering is expected to occur on or about June 6, 2011 and is subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange and the NYSE Amex Equities.

Haywood Securities Inc. will receive a cash commission of 5% of the total gross proceeds.

[valueinvestor]

Antwort auf Beitrag Nr.: 41.533.713 von valueinvestor am 20.05.11 17:39:51

Die doch angenehm überraschenden Umstände der Kapitalerhöhung führen an der börse zu einem sehr starken Kurszuwachs von über 12%.
Wer es schon einmal miterlebt hat, wie ein Explorer erst einmal 80% in die Knie gehen muss bevor er neues Kapital einsammeln kann, würdigt diese Umstände bestimmt.
Dabei kann Midway angenehmerweise jetzt mehrgleisig fahren.
Barrick kümmert sich um das gewaltige Potential von Spring Valley, an dem midway seinen Anteil hält, die pre feasablity für das Pan Projekt zeigt ein schönes Potential dort auf.

[Deltaline]

Zitat von valueinvestor: Die doch angenehm überraschenden Umstände der Kapitalerhöhung führen an der börse zu einem sehr starken Kurszuwachs von über 12%.
Wer es schon einmal miterlebt hat, wie ein Explorer erst einmal 80% in die Knie gehen muss bevor er neues Kapital einsammeln kann, würdigt diese Umstände bestimmt.
Dabei kann Midway angenehmerweise jetzt mehrgleisig fahren.
Barrick kümmert sich um das gewaltige Potential von Spring Valley, an dem midway seinen Anteil hält, die pre feasablity für das Pan Projekt zeigt ein schönes Potential dort auf.

Weise Worte, da ist was dran

"Im Zuge der jüngsten Turbulenzen am Edelmetallmarkt fiel Minco Gold (Kanada: MMM) unter die wichtige 2-CAD-Marke. In dieser Zone hatten wir zu einer Absicherung per Stop-Loss geraten. Nun ist die Aktie vorerst uninteressant und wandert zurück auf unsere Watchlist. Abwärts ging es zuletzt auch mit Midway Gold (USA: MDW): Wer, wie von uns angeraten (siehe Ausgabe vom 09.05.2011), nachfassen wollte hatte dazu in den vergangenen beiden Wochen Gelegenheit. Uns gefällt nun vor allem die Anfang vergangener Woche entstandene Candlestick-Kerze, die das Ende der Konsolidierung signalisieren könnte. Wie zum Wochenschluss bekannt wurde, hat Midway eine Finanzierungsrunde durchgeführt, was die jüngste Kursschwäche erklärt. Die Amerikaner verkauften 7,5 Millionen neue Aktien zu je 1,60 USD, was brutto 12 Mio. USD für die Entwicklung der Goldprojekte in Nevada einbrachte: Unter dem Strich ein sehr guter Schritt des Managements, das nun mit rund 20 Mio.USD arbeiten kann. Bemerkenswert auch: Midway verzichtete bei besagter Privatplatzierung auf die Ausgabe von Warrants. Unser Fazit: Aktuell ist Midway eine gute Halteposition. Behalten Sie aber eine mentale Stop-Loss-Marke zwischen 1,20 und 1,30 USD im Auge. Midway ist und bleibt ein höchst volatiler Wert mit sehr guter Perspektive! "
http://www.capital-manager.net/aktuelles-detail.php?id=31

[valueinvestor]

Pan kommt ganz gut voran:

Midway Drills Best Gold Intercept To-Date at Pan Project, Nevada

Midway Gold Corp. Ordinary Shares (Canada) (AMEX:MDW)
Intraday Stock Chart

Heute : Tuesday 14 June 2011


Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V; MDW:NYSE-AMEX) announces drill hole PN11-09 contained the longest and highest grade gold intercept yet encountered at its 100 percent controlled Pan Project, White Pine County, Nevada. This 30 meter intercept of 3.15 grams per tonne (gpt) gold includes a zone of 13.7 meters of 5.79 gpt gold which also includes a 1.5 meter interval of 10.1 gpt gold.

Drill hole PN11-09 is part of a reverse circulation (RC) drill program designed to expand the South Pan resource. Due to the unusually high grade assays and to confirm the initial results, sample rejects for the entire interval were re-assayed along with a new set of standard and blank samples. Results gave excellent reproducibility with the average grade of the interval proving to be identical for both sets of assays. This new intercept is located about 115 meters from drill hole PN10-03c which bottomed in 6.4 meters averaging 1.5 gpt gold (see Midway press release dated November 8, 2010).

Midway currently has one RC rig operating at Pan and to date in 2011, has completed approximately 7,200 meters in 28 RC holes. Gold assays received to date are summarized in the table below. Additional intercepts east of South Pan include 126.5 meters of 0.55 gpt gold in PN11-07 and 100 meters of 0.38 gpt gold in PN11-05. North of South Pan, intercepts include 71 meters of 0.45 gpt gold in PN11-12, 19.8 meters of 0.93 gpt gold in PN11-14, and 59 meters of 0.72 gpt gold in PN11-30. Drill holes PN11-17 to PN11-21 were condemnation holes drilled to test for mineralization beneath proposed mine facilities to depths of 250-450 meters. As expected, these condemnation holes did not find significant gold mineralization, therefore the area is confirmed suitable for locating the leach pad and associated production facilities. Drilling is also scheduled at North Pan this year where the current gold resource appears to remain open in all directions.

“The expansion of mineralization at South Pan from step out drilling to the east and north may have a positive impact on our mine design at Pan,” said Ken Brunk, President and COO of Midway. “Further data evaluation and additional drilling will be needed to quantify the impact. Meanwhile, our team of engineers continue to advance the Feasibility Study currently underway to aggressively move the project toward our planned 2013 production target.”

In addition to on-going geologic activities, several engineering programs are underway to support the Pan Feasibility Study. This includes detailed engineering of the leach pad facilities, final geo-technical design, metallurgical optimization, equipment selection, detailed mine design, design of utilities and ancillary support facilities, detailed man-power planning, and project execution scheduling, including construction methodologies and attendant schedules. The environmental team is completing the final phases of the Plan of Operations which will be submitted to the Bureau of Land Management, the project’s lead agency, in the coming weeks.

PAN PROJECT DRILL INTERCEPTS 

Drill hole 	  	Area 	  	Starting



From (m) 	  	Length



meters 	  	Grade



(gpt) 	  	Starting

  	  	  	  	  	  	  	  	  	  	  	  	  	  	  

PN11-01 	  	S Pan 	  	25.9 	  	76.2 	  	1.371 	  	

PN11-02 	  	S Pan 	  	0.0 	  	170.7 	  	0.720 	  	

PN11-03 	  	S Pan 	  	62.5 	  	30.5 	  	0.55 	  	

PN11-04 	  	S Pan 	  	170.7 	  	6.1 	  	0.34 	  	

				182.9 		3.0 		0.27 		

  	  	  	  	207.3 	  	3.0 	  	0.17 	  	680 	  	10 	  	0.005 

PN11-05 		S Pan 		71.6 		21.3 		0.14 		

  	  	  	  	99.1 	  	100.6 	  	0.38 	  	 

PN11-06 		S Pan 		96.0 		10.7 		0.27 		

				141.7 		15.2 		0.89 		

  	  	  	  	166.1 	  	19.8 	  	0.62 	  	 

PN11-07 	  	S Pan 	  	54.9 	  	126.5 	  	0.55 	  	

PN11-08 		S Pan 		77.7 		79.2 		0.65 		

  	  	  	  	164.6 	  	12.2 	  	0.31 	  	

PN11-09 		S Pan 		146.3 		30.5 		3.15 		

includes 	  	  	  	157.0 	  	13.7 	  	5.79 	  	

PN11-10 		S Pan 		112.8 		10.7 		0.17 		 

				184.4 		7.6 		0.21 		 

  	  	  	  	199.6 	  	15.2 	  	0.21 	  	

PN11-11 	  	S Pan 	  	no significant intercept 	  	  	  	  	  	  

PN11-12 	  	S Pan 	  	109.7 	  	71.6 	  	0.45 	  	

PN11-13 	  	S Pan 	  	157.0 	  	24.4 	  	0.21 	  	 

PN11-14 	  	S Pan 	  	131.1 	  	19.8 	  	0.93 	  	

PN11-15 		S Pan 		0.0 		18.3 		0.31 		

  	  	  	  	65.5 	  	10.7 	  	0.41 	  	

PN11-16 	  	S Pan 	  	120.4 	  	22.9 	  	0.48 	  	

PN11-17 	  	Facilities 	  	Condemnation hole 	  	no significant intercept 

PN11-18 	  	Facilities 	  	Condemnation hole 	  	no significant intercept 

PN11-19 	  	Facilities 	  	Condemnation hole 	  	no significant intercept 

PN11-20 	  	Facilities 	  	Condemnation hole 	  	no significant intercept 

PN11-21 	  	Facilities 	  	Condemnation hole 	  	no significant intercept 

Notes:

Assays are 30 gram fire assays conducted by ALS Chemex labs in Sparks, Nevada. Reverse circulation drilling was conducted by O’Keefe Drilling of Butte, Montana. Intercepts reported using a 0.14 gpt cut off. Intercepts are along the length of the hole and may not represent true mineralized widths.


http://de.advfn.com/nachrichten/Midway-Drills-Best-Gold-Inte…

[valueinvestor]

Ds Rekordvolumen am Freitag war der Aufnahme in den Russel 3000 Index geschuldet.

http://www.russell.com/indexes/tools-resources/reconstitutio…

Der Kursanstieg dazu auf über 2 Dollar ist signifikant, ich habe bei anderen Neuaufnahmen gespickelt, dort war das Volumen auch meist rekordhoch, Kurssteigerungen aber keineswegs die Regel.
Eigentlich warten eh alle nur auf die Spring Valley Löcher zwischen Loch 499 und der Pit



und die Frage, ob es bei 4 Mio Unzen (siehe jüngste Resourcenschätzung,
http://www.usetdas.com/maps/midway/MidwayFigureMay2-11.pdf) bleibt oder Richtung 10 Mio geht.

[valueinvestor]

heute eine hochsignifikante Kursbewegung.

Der breite Markt schwächelt nach starkem Start, unter den 63 ganz großen sind nur ganz wenige im Plus:
http://www.kitco.com/stocks/changepercentage_desc.html
da sind die bis jetzt 6,8% heute richtig gut.

Oft beobachte ich, dass sich vor wichtigen Nachrichten der Chart an einer Ausbruchmarke positioniert, das wäre bei MDW sicher das hoch bei 2,39. Und dann bitte 5 Löcher zwischen pit und step out mit der gleichen Mieralisierung!

[valueinvestor]

Jetzt ists ein Homerun:

Midway Reports Long Gold Intercepts at Spring Valley Project, Nevada



DENVER, Jul 13, 2011 (BUSINESS WIRE) -- Midway Gold Corp. ("Midway" or the "Company") (mdw:TSX-V)(mdw:NYSE-AMEX) announces results calculated from data provided by Barrick Gold Exploration Inc. ("Barrick"), who is earning into Midway's Spring Valley Project, Nevada. Highlights include metallic screen assays with gold intercepts of 166 meters of 1.48 grams per tonne (gpt) gold, including 23 meters of 2.15 gpt gold in SV10-510, and 218 meters of 2.7 gpt gold including 41 meters of 12.3 gpt in SV10-511c.

2010 Drilling

On the north end of the known resource, metallic screen assays for drill hole SV10-510 report 166 meters of 1.48 gpt gold, which includes 23 meters of 2.15 gpt gold, and hole SV10-511c contains 218 meters of 2.7 gpt gold, which also includes 41 meters of 12.3 gpt gold. This northern zone appears to remain open to the north, and additional infill drilling will be required to include this zone with the currently defined gold resource.

South of the existing resource (see map below), metallic screen assays for drill hole SV10-499 confirm the presence of a 205-meter-thick zone of anomalous mineralization averaging 0.24 gpt gold. This thick anomalous gold zone, only 1,800 meters from the known resource area, suggests that the intervening ground is ideally located for on-going exploration and resource expansion. Additional reverse circulation (RC) and core drilling will test this zone and its continuity with the known gold resource.

Final metallic screen assay results have been received for 12 holes drilled in 2010. Assays are pending for two 2010 core drill holes. Highlights of the first quarter drill results as calculated by Midway are summarized in the table below. These new metallic screen assays include some intervals that Midway considers significantly better than previously reported intercepts based on fire assays (Midway press release dated February 24, 2011). Metallic screen assays analyze a larger quantity of the sample and are more reliable when coarse gold is present.

2011 Drilling

The 2011 drilling program commenced in early April, and two RC rigs and one core rig are currently operating. The 2011 drill plan is focused on expanding the resource and evaluating property acquired near the end of 2010 south of the current resource area. In addition to drilling, cultural and biological surveys, hydrogeologic studies and trace element analyses are underway to support future permit applications.

To view a map of the 2011 Resource Area and 2011 Drill Targets at Spring Valley, please click on the following link: To view a map of the 2011 Resource Area and 2011 Drill Targets at Spring Valley, please click on the following link: http://www.usetdas.com/pr/midwaymap.gif .

Spring Valley is a large, porphyry-hosted gold system. A May, 2011 updated resource estimate reported 2.16 million ounces of gold in the combined Measured and Indicated categories at a cut-off grade of 0.14 gpt. There is an additional Inferred resource of 1.97 million ounces of gold at the same cut-off grade. The Measured resource is 0.93 million ounces contained within 59.0 million tonnes grading 0.49 gpt, the Indicated resource is 1.23 million ounces contained within 85.8 million tonnes grading 0.45 gpt, and the Inferred resource is contained within 103.9 million tonnes grading 0.59 gpt. The estimate was prepared for Midway by Gustavson Associates, LLC of Lakewood, Colorado (Midway press release dated May 2, 2011).

Under the terms of a March 9, 2009 agreement between Midway and Barrick, Barrick will earn a 60% interest in the project by completing work expenditures totaling US$30 million before December 31, 2013. Barrick has informed Midway that it intends to conduct and fund the minimum required program of US$7 million in 2011, resulting in cumulative expenditures of US$16 million by December 31, 2011.

        Significant Metallic Screen Assay Intercepts, Spring Valley

                                Project, Nevada

              calculated by Midway from data provided by Barrick

          Hole ID    From (m)    To (m)    Interval (m)    Gold (gpt)

        ---------    --------    ------    ------------    ----------

        SV10-497C       105.2     112.8             9.1          1.35

                        129.5     134.1             6.1          0.94

                        395.8     400.0             5.2          0.94

                     --------    ------    ------------    ----------

        SV10-498        169.1     182.9            13.7          1.70

                        169.2     173.7             4.6          0.70

                     --------    ------    ------------    ----------

        SV10-499         97.5     128.0            30.5          0.43

                        144.8     166.1            21.3          0.35

                        234.7     275.8            41.1          0.36

                        292.6     303.1            10.7          0.48

                     --------    ------    ------------    ----------

        SV10-500C       318.2     339.8            21.5          0.57

                        418.5     429.5            11.0          2.70

        includes                                    1.5         18.40

        ---------                          ------------    ----------

        SV10-501C        77.7      94.8            17.0          0.53

                        108.4     147.0            38.6          0.92

        includes                                    2.9          7.25

                        154.1     208.0            53.9          0.85

                        234.5     259.4            24.8          2.15

        includes                                    1.0         50.50

                        311.8     357.6            45.8          0.30

                     --------    ------    ------------    ----------

        SV10-502C       184.4     199.6            15.2          0.64

                        394.1     423.1            29.0          1.08

        includes                                    3.9          5.20

                        447.4     463.6            16.2          1.12

                        516.0     678.0           162.0          0.60

        includes                                    1.0         22.30

        ---------                          ------------    ----------

        SV10-505C       350.5     409.7            59.2          0.63

        ---------    --------    ------    ------------    ----------

        SV10-506C       377.3     393.4            16.1          0.39

                        413.9     458.1            44.2          0.79

        includes                                    1.2         10.65

        ---------                          ------------    ----------

        SV10-507C        71.6      88.4            16.8          1.95

        includes                                    1.5          6.75

        ---------                          ------------    ----------

        SV10-508        210.3     217.9             7.6          1.34

        includes                                    1.5          4.65

        ---------                          ------------    ----------

        SV10-510        253.0     419.1           166.1          1.48

        includes        300.2     323.1            22.9          2.15

        and             410.0     414.5             4.6         26.20

        ---------    --------    ------    ------------    ----------

        SV10-511C       236.2     455.1           218.8          2.72

        includes        275.8     317.0            41.1         12.29

        with                                        1.5         28.40

        and                                         1.5        239.00

        and                                         1.5         19.30

        ---------                          ------------    ----------

Reverse circulation drilling was conducted by Hard Rock Drilling of Elko, Nevada. Core drilling was conducted by TonaTec Exploration of Mapleton, Utah. Drill hole numbers ending with a "C" indicate core holes. Samples were assayed by ALS-Chemex Labs, in Sparks, Nevada by 30-gram fire assays (FA) or 1000-gram metallic screen assays (MS). Results reported represent thickness along the trace of the drill hole and do not necessarily represent true thickness.

Data provided to Midway by Barrick and disclosed in this press release have been reviewed for Midway by William S. Neal, (M.Sc., CPG), a "Qualified Person" as that term is defined in National Instrument 43-101.

ON BEHALF OF THE BOARD

"Kenneth A. Brunk"

http://www.marketwatch.com/story/midway-reports-long-gold-in…

[valueinvestor]

wobei die Formulierung 218 Meter mit 2,71 g etwas irreführend ist.
Nimmt man die 41 Meter @ 12 g aus dem Intervall raus, bleiben 178m mit 0,51g übrig

[valueinvestor]

Antwort auf Beitrag Nr.: 41.782.369 von valueinvestor am 13.07.11 15:19:15

Die gestrige News von Midway ist ein schönes Beispiel für die Lyrik in Nachrichten von Explorern.

Dort heißt es an prominenter Stelle:
218 meters of 2.7 gpt gold including 41 meters of 12.3 gpt in SV10-511c.
wow, wir sind in einem Heap leach fähigem Gebiet mit geringsten Produktionskosten - das Ding ist ein no brainer.

erste Einschränkung:
Das Bohrloch wurde bereits im Februar schon einmal gemeldet, jetzt nur mit einem genaueren Analyseverfahren beprobt.
jetzt schauen wir mal die Intervalle an. nimmt man den 41 Meter Intervall mit 12 g raus, bleibt ein Intervall von 177m mit 0,476 g übrig.
Aber die Entwarnung: die 41 Meter befinden sich im oberen Abschnitt des Loches, man muss sich also nicht erst ganz nach unten durchwühlen und bekommt die Belohnung zum Schluss.
Aber dieser 41 Meter Intervall mit 12,3 Gramm unterteilt sich wieder, es gibt 3 1,5 Meter lange Intervalle mit 19,3g, 28,4g und 239g

Streng angewandte Dreisätze führen zu einem Restergebnis von 36,6 Metern mit 2,07 g

Allein die anderthalb Meter mit 239g hieven das ganze Loch von 1,06g auf 2,7g

Nun hat ein 200 Meter Intervall von 2,7g aber einen ganz anderen Aussagewert als 1,5 Meter mit 239g.

Wäre dies das erste Loch in einem Explorationsgebiet, wäre Aussage 1 für einen Riesenkurssprung verantwortlich, Aussage 2 aber nicht, weil man sich erst durch 250m "taubes" Gestein wühlen müsste um dann 1,5 Meter mit Gold zu finden.
Hier kommt aber folgende Einschränkung im Falle Midway dazu:
Das Residuum ist mit 0,47g selber abbauwürdig, die Highgrades befinden sich oberflächennäher,
das Projekt ist bereits ohne dieses Loch abbaufähig.
Für eine Resourcenschätzung müßte man bei 218 Meter mit 2,7g alle 50 Meter ein Loch bohren. Bei 1,5 Metern mit 239g müßte man aber um ein Vielfaches mehr Löcher bohren, um diesen high grade Intervall in die Summe einfließen zu lassen. Bei 15*15 Metern bräuchte man aber schon 11 mal so viele Löcher.
Also gute Nachrichten dennoch, aber man muss schon verstehen sie zu lesen.

[Rohstoffinvestor]

Antwort auf Beitrag Nr.: 41.788.284 von valueinvestor am 14.07.11 13:40:05

Bohrergebnisse zu bewerten ist schon lange out. Diese Zeiten sind Gottseidank vorbei.
So wie du richtig sagst - es werden nur die fetten Ergebnisse groß herausgestrichen - das kleingedruckte liest eh niemand.

[valueinvestor]

Kurs jetzt auf 2,71 in den USA.
Nun ist es ja so, dass im Spring Valley Barrick die Bohrungen durchführt und nur quartalsweise MDW über den Fortgang der Exploration berichtet.
Alle Welt wartet auf den Test der neuen Parzelle. Eventuell ist der Weg von den Bohrteams über Barrick, die Labore zu MDW aber nicht auf ganzer Strecke dicht zu halten - es wäre zwar illegal aber sicherlich ist so etwas schon häufiger vorgekommen.
Denkbar also, dass der jüngste Kursanstieg auch damit zu tun hat.
Wenn der Anstieg nur für die Nordextension gilt - umso besser, dann feuerwerkt es richtig, wenn die Löcher im Süden treffen.

Für Loch SV10-510 mit 166 Metern a 1,48g habe ich die High Grade Intervalle ebenfalls mal herausgerechnet, diesmal sind die hohen Werte ganz unten im Bohrkern gewesen.
Das Residuum hat 138 Meter mit 0,55g und beginnt in 250 Meter Tiefe. Wenn man nur den 26g Intervall gesondert betrachtet, bleiben aber immerhin 161,4 Meter mit 0,775g

  

SV10-510        253.0     419.1           166.1          1.48

includes        300.2     323.1            22.9          2.15

and             410.0     414.5             4.6         26.20

[valueinvestor]

http://www.mininginvestor.net/2011/07/the-rise-of-midway-gol…

The Rise of Midway Gold
Written by James O'Connor on July 15, 2011 – 1:30 pm

No one would dispute that the rise in share price of Midway Gold Corp (MDW:TSX-V; MDW:NYSE-AMEX) over the past year has simply been spectacular. In case you haven’t heard of this company, Midway Gold Corp. is an exploration stage company that engages in the acquisition, exploration, and development of mineral properties in North America. Its principal properties include the Spring Valley, Midway, Pan, and Gold Rock gold and silver mineral properties located in Nevada; and the Golden Eagle gold mineral property located in Washington. To be honest, this sounds just like all the other 500 exploration stage mining companies listed across every major stock exchange in North America; the difference here is that this company continues to announce some pretty amazing drill results, the most recent being June 13, 2011. That announcement pushed the stock price up over 10%. That’s a very nice return but nothing compared to the fact that Midway’s stock price is up over 175% YTD and 422% since July 2010.

On the fundamentals analysis side, this stock is overdone, and many would argue that it has risen far too high too fast. Its P/E ratio is double the industry average and this fear that the stock is overdone is demonstrated by a tripling in the short interest in just the last month. There are almost 4 million shares short (around 4.4% of the float) hoping to gain by the decline of this stock, but when you examine the technicals, this is not going to happen anytime soon. With the excellent drill results being announced, the buyers are overwhelming the short sellers and the price continues to push higher creating what’s known as a ‘short squeeze’ forcing the short sellers to buy back shares in order to cover their positions. This creates further buying pressure and the stock rises further. I wouldn’t be surprised if Midway Gold hit $4 a share before the end of 2011.



short interest 1.7. : 3.9 Millionen Aktien
http://www.shortsqueeze.com/?symbol=mdw&submit=Short+Quote%9…
short interest 15.6.: 0,86 Millionen Aktien
http://www.amex.com/amextrader/tradingData/amexShortInt/Amex…

Das ist bemerkenswert, es sind netto 3 Millionen Aktien short gegangen, während der Kurs in diesen 2 Wochen sogar leicht angestiegen ist. Für die Shorts ist dies nun eine sehr unangenehme Situation

[derivatus]

Antwort auf Beitrag Nr.: 41.800.143 von valueinvestor am 17.07.11 13:19:30

"Its P/E ratio is double the industry average..."
Dieser Satz ist doch Unsinn bei einem Explorer.
Es gibt sicher viele Kennzahlen die aussagekraeftiger waeren.

Ansonsten vielen Dank nochmal fuer den Tipp bei unserem
AZ Treffen am 4. Juni. Konnte noch zu 1,66 USD kaufen.

[valueinvestor]

Gold- und Silberaktien starten Ralle - wir sind an Bord!

18.07.11 09:23
Aufgrund der geschilderten Problematik stehen neben dem "Notgroschen Gold" freilich auch Aktien aus dem Edelmetallsektor im Fokus. Hier hat sich seit einigen Monaten eine gewaltige Bewertungsschere zwischen Goldpreis und Goldaktien aufgetan, sprich: Goldaktien liegen auf historisch niedrigen Niveaus und haben gegenüber Gold enormes Nachholpotenzial, weshalb wir Ihnen unsere Gold-Favoriten ans Herz legen. Wir denken hier an Werte wie New Gold (ISIN CA6445351068/ WKN A0ERPH), Midway Gold (ISIN CA5981531042/ WKN 260730) oder Wildcat Silver (ISIN CA9681021031/ WKN A0J24M). Mit diesen und anderen Aktien sind wir auch in der zurückliegenden Schwächephase recht gut gefahren. Nun, da die traditionell starken Monate für Gold- und Silberaktien vor der Tür stehen, winken in diesem Sektor schöne Renditen - das hat fast schon Tradition. (18.07.2011/ac/e/k)

http://www.aktiencheck.de/exklusiv/Artikel-Gold_und_Silberak…

[valueinvestor]

und:

Below are the top 10 best-performing Precious Metal stocks year-to-date.

Midway Gold Corp. (AMEX:MDW) is the 1st best-performing stock year-to-date in this segment of the market. It has risen 176.29% since the beginning of this year. Its price percentage change was 455.02% for the last 52 weeks.

http://www.cnanalyst.com/2011/07/top-10-best-performing-prec…

[valueinvestor]

aus dem neuen Quartalsbericht:

http://de.advfn.com/nachrichten/Quarterly-Report-10-Q_488275…

Spring Valley Project, Pershing County, Nevada

Barrick conducted and funded exploration in 2010 on the Spring Valley project to meet its minimum expenditure requirement of US$5,000,000 in 2010. Barrick has the exclusive right to earn a 60% interest in the Spring Valley project by spending US$30,000,000 on the property over five years. Barrick may increase its interest by 10% (70% total) by spending an additional US$8,000,000 in the year immediately after vesting at 60%. At the Company’s election, Barrick may also earn an additional 5% (75% total) by carrying the Company to a production decision and arranging financing for the Company’s share of mine construction expenses with the carrying and financing costs plus interest to be recouped by Barrick once production has been established.

Barrick forwarded additional data from fourth quarter 2010 drilling. Results indicate that the deposit appears to remain open to the north. South of the existing resource, metallic screen assays for drill hole SV10-499 confirm the presence of a 205-meter-thick zone of anomalous mineralization averaging 0.24 gpt gold indicating the deposit appears to be open to the south. This thick anomalous gold zone, only 1,800 meters from the known resource area, suggests that the intervening ground is ideally located for on-going exploration and resource expansion

Barrick commenced its 2011 drilling program in early April, and two reverse circulation (RC) rigs and one core rig are currently operating. Barrick has reported that the 2011 drill plan is focused on expanding the resource and evaluating property acquired near the end of 2010 south of the current resource area. In addition to drilling, cultural and biological surveys, hydrogeologic studies and trace element analyses are underway to support future permit applications.

Barrick has informed Midway that it intends to conduct and fund the minimum required program of US$7,000,000 in 2011 for a cumulative amount of US$16,000,000 by December 31, 2011. Drilling in 2011 is expected to focus on expanding the resource and evaluating satellite targets, particularly within the recently acquired land south of the existing resource.

[valueinvestor]

http://www.businessinsider.com/joe-mazumdar-gold-mining-comp…

Interview mit Joe Mazumdar von Haywood:

For developers, I predominantly focus on companies that can come into production within a three-year timeframe. I consider geopolitical jurisdiction, but I compensate geopolitical risk with some advantages in grade, cost or other factors. I like plays in areas that are old mining districts that haven't been touched in a long time. The rising gold price has brought people back to these districts, which tend to be in less geopolitically risky areas, such as Spain and the U.S. (Idaho, Michigan and Nevada), among others.

Management is also very important because they have to bring this project to fruition. They have to manage it. They have to permit it. They have to develop a critical path. I want to know how long the permit is going to take. When will they get the long lead items? A good example would be Midway Gold Corp. (TSX.V:MDW; NYSE.A:MDW), which has a portfolio of advanced exploration to development projects in Nevada. Some (Pan, Goldrock, Midway) are of a size that would be management to the more-than-capable management team under Ken Brunk but it also holds an option on a potentially large gold-only deposit, Spring Valley, where Barrick is earning in.
(...)
Midway Gold, as we have discussed previously, has the bulk of its portfolio in Nevada. The Pan and Gold Rock projects are open-pit heap leach deposits, which are grading just above the average for similar deposits in Nevada. The company has drilled intersections that have graded up to a gram of heap leachable material that is 100% oxidized, getting recoveries of around 70%. It's very easy to mine with low capital requirements. The management team is perfectly capable of pulling it off. The financing risk is always high for these sorts of companies because they don't have any cash flow, but the capital amounts required are nothing that's insurmountable. It has a portfolio of projects as well, including the Midway project near Tonopah and the Spring Valley project in Pershing County.
(...)
TGR: In a recent news release, the company talked about re-assaying the core from Spring Valley, which earned a higher grade than the previous assays. The highlight was 218 meters of 2.7 grams gold. Why was the core re-assayed? That's an unusual practice.

JM: It's not unusual for this kind of deposit because it's very coarse, free gold. Doing a small fire assay doesn't always pick up the gold; metallic screen assays have been part of the assay protocol for a few years and have been adopted by Barrick, the JV earn-in partner on the Spring Valley project. I have a target of $2.60 for Midway Gold and it was recently trading at about $2.20.
(...)
TGR: What are some companies with A+ management operating in low-risk jurisdictions?

JM: Midway has an excellent development and operations team led by Ken Brunk, its president, chief operating officer and director, who has built a lot of the asset base in Nevada for Newmont. He also has experience permitting and working with local governments and state regulators to get projects into production, as well as doing the technical work. His background is metallurgy, which is an important skill set as deposits become more difficult to extract.

TGR: If that's the case, it seems a lot of companies are going to face staffing problems because that kind of varied expertise is in short supply.

JM: Yes, I think it is. When you have people with less experience, there is the risk that it takes longer and it's not done as well or not at all.

DISCLOSURE:

3) Joe Mazumdar: I personally and/or my family own shares of the following companies mentioned in this interview: Carpathian Gold Inc. (CPN-T), Midway Gold Corp. (MDW-V).

[TT-Bob]

Midway Gold: Neues Kaufsignal aktiv

Hier winkt ein neues Jahreshoch

Erst in der letzten Ausgabe schrieben wir: „Midway Gold (USA: MDW) macht weiterhin einen soliden Eindruck und konsolidiert über der wichtigen 2-USD-Marke. Kurse über 2,40 USD dürften hier die nächste Rallyestufe einläuten. Womöglich kommt die Initialzündung hierfür von JV-Partner Barrick und dessen Bohrarbeiten auf Spring Valley.“ Nun nimmt Midway tatsächlich wieder Fahrt auf, was vor allem den Fortschritten auf Spring Valley, dem Hauptprojekt der Amerikaner in Nevada, geschuldet sein dürfte. Diese Liegenschaft erkundet bekanntlich Barrick Gold, die mit 60% im Boot sitzen. Vor Ort sind in den Kategorien Measured & Indicated Ressourcen von 2,16 Mio. Unzen Gold bekannt. Hinzu kommen 1,97 Mio. Unzen in der niedrigeren Inferred-Kategorie. Besagte Kalkulation basiert auf Bohrergebnissen aus der Kernzone des Projektes, wobei Barrick ein im Dezember erworbenes, angrenzendes Landpaket erst seit April bebohrt.

Wie Sie anbei erkennen können, stellte sich über Monate die Frage ob zwischen der Goldresource und Bohrung SV10-499 nennenswert Gold zu finden ist. Diese Frage ist seit vergangener Woche mit „JA“ zu beantworten, denn Midway veröffentlichte nunmehr entsprechende Bohrergebnisse. Zur Verdeutlichung: Die bereits bekannte Bohrung 499 beinhaltete 0,43 g/t Gold über 30,5 Meter. Die nun vorliegenden neuen Daten brachten im längsten Intervall 22,9 Meter mit 0,72 g/t ( SV11-525). Bohrung 523 war sehr oberflächennah für 1,47 g/t Gold über 6,10 Meter gut. Somit dürfte klar sein, dass die bekannte Gold-Ressource nach Süden hin offen ist. Weitere Highlights der Bohrungen, jedoch in kürzeren Intervallen: 1,5 Meter mit 15,91 g/t Gold in SV11-521 sowie 1,5 Meter mit 9,46 g/t Gold in SV11-530. Die kompletten Bohrdaten können Sie hier nachlesen: http://www.midwaygold.com/s/NewsReleases.asp?ReportID=474877

Mit den neuen Daten steigen nun deutlich die Chancen, dass sich das aktuell 4 Mio. Unzen große Spring-Valley-Vorkommen in Richtung 10 Mio. Unzen entwickelt, was letztlich eine deutliche Aufwertung von Midway Gold bedeuten würde. Wie mehrfach erwähnt: Wir rechnen in diesem Zusammenhang über kurz oder lang mit einem Übernahmeangebot von JV-Partner Barrick Gold. Aktuell kostet Midway etwa 280 Mio. USD, denen allein im Falle von Spring Valley 1,6 Mio. Unzen Gold (Midway-Anteil 40%) gegenüber stehen, was wiederum einer moderaten Bewertung von 175 Dollar je Unze entspricht. Spring Valley ist jedoch nur eines von einem halben Dutzend Low-Grad-Gold-Projekten in Nevada. Barrick müsste im Falle einer Komplettübernahme wohl mindestens das Doppelte des heutigen Börsenwertes auf den Tisch legen.

Weitere Bohrungen zur Erkundung des Spring-Valley-Vorkommens sind aber zweifelsfrei nötig, zumal die außerhalb des Landpaketes vorgenommene Bohrung SV11-534 ebenfalls sehr schöne Ergebnisse lieferte: Über 30,5 Meter fand man hier 0,89 g/t Gold. In einem 4,6 Meter langen Abschnitt sogar 7,47 g/t Gold!

Daher unser Rat: Halten Sie an Ihren Midway-Aktien geduldig fest. Einige unserer Leser dürften bereits seit Mitte März dabei sein und auf schönen Buchgewinnen sitzen. Wir rieten damals bei Kursen um 1,70 USD zum Aufbau erster Positionen. Nächstes Ziel sollte nun das Jahreshoch bei 2,89 USD sein. Einen (mentalen) Stopp würden wir für die recht volatile Aktie bei etwa 2 USD platzieren.

http://capital-manager.net/aktuelles-detail.php?id=45

[p2205]

Antwort auf Beitrag Nr.: 42.016.088 von TT-Bob am 29.08.11 15:33:13

http://www.emfis.de/global/global/nachrichten/beitrag/id/Bar…

Barrick Gold: Neue Goldfunde in Nevada

Toronto 31.08.2011 (www.emfis.com) Die Explorationsbemühungen des kanadischen Gold-Branchen-Primus Barrick Gold bezüglich des Spring-Valley-Projekts in Nevada scheinen zunehmend von Erfolg gekrönt zu sein.

Die Kanadier halten an der Lagerstätte einen 60prozentigen Anteil. Die restlichen 40 Prozent befinden sich in Händen von Midway Gold. Die jüngsten Bohrergebnisse rechtfertigt die Annahme einer deutlichen Ausweitung der mineralisierten Zone in südliche Richtung. So wurde über 22,9 Meter ein Goldgehalt von 0,72 Gramm je Tonne nachgewiesen. Zudem wurden diverse oberflächennahe Bohrungen vorgenommen, die ebenfalls Gold-Vorkommen aufzeigen.

Zehn Millionen statt vier Millionen Unzen Gold?

Nach den aktuellen Bohrergebnissen stehen die Chancen alles andere als schlecht, dass die Ressourcen-Schätzungen demnächst nicht unerheblich angehoben werden können. Bisher bewegen sich diese bei 2,16 Millionen Unzen Gold in der Kategorie Measured & Indicated. Hinzu kommen noch vermutete Ressourcen von 1,97 Millionen Unzen. Das längerfristige Ziel ist die Ausweitung der Ressourcen auf zehn Millionen Unzen. Und da einige Abschnitte noch gar nicht erkundet wurden, könnte dieses Vorhaben tatsächlich klappen.

Das Spring-Vallye-Projekt belegt einmal mehr, dass Barrick Gold in der Regel ein sehr gutes Näschen bei der Projektauswahl hat. Auf Sicht von einigen Jahren könnte die Lagerstätte daher einiges zum Firmengewinn der Kanadier beitragen.

[valueinvestor]

Midway Receives Expanded Permit at Pan Gold Project, Nevada

Midway Gold Corp. Ordinary Shares (Canada) (AMEX:MDW)
Intraday Stock Chart

Heute : Monday 12 September 2011


Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V; MDW:NYSE-AMEX) announces it has received regulatory approval of an expanded drilling permit at its Pan Project, White Pine County, Nevada. This approved permit increases the area available for drill roads and drill pads and also includes a new access route to the project that protects areas of potential Sage Grouse habitat. A recent Environmental Assessment report completed by the U.S. Bureau of Land Management (BLM) concluded that the permitted activities will not have a significant environmental impact.

This expanded permit will allow additional exploration drilling around the margins of the South Pan deposit where recent step-out drilling encountered 30 meters of 3.15 grams per tonne (gpt) gold (June 13, 2011 press release). It will also enable the company to continue expedited condemnation drilling around proposed mine facilities and to obtain geotechnical, hydrologic, metallurgical, and geochemical data. Drilling is also scheduled at North Pan this year where the current gold resource appears open in all directions.

The Company’s engineering team is in the process of completing a mine plan and a Feasibility Study for the Pan Project. The environmental team is working to complete a plan of operations for the proposed mine that will be submitted to the BLM for evaluation and development of an Environmental Impact Statement.

The Pan Project in White Pine County, Nevada is a bulk tonnage, Carlin-style, sediment-hosted gold deposit. Midway announced a Prefeasibility Study in April 2011 based on a 43-101 compliant Measured and Indicated resource of 849,000 ounces at a grade of 0.55 gpt gold contained in 47.0 million tonnes. Proven and Probable reserves within a proposed open pit are 717,000 ounces at a grade of 0.58 gpt gold contained in 37.7 million tonnes. At a base case of $1050/oz gold price, the Pan Project has an NPV of $91 million and a 33% Internal Rate of Return. A Feasibility Study is currently in progress.

This news release has been reviewed and approved by William S. Neal (M.Sc. and CPG), Vice President of Geological Services, and a "qualified person" as that term is defined in National Instrument 43-101.

ON BEHALF OF THE BOARD

“Kenneth A. Brunk”

http://de.advfn.com/nachrichten/Midway-Receives-Expanded-Per…

Sage Grouse ist das Beifusshuhn, schön wenn man außen herum fahren kann und darf.
Ich bin mal gespannt, wann es einen konkreten Terminplan für Pan gibt. Neben Spring Valley ist Pan das erfolgversprechendste Projekt in der pipeline.
33% IRR bei einem Goldpreis von 1050 sind ein no brainer.

[valueinvestor]

http://de.advfn.com/nachrichten/Midway-Drills-33-Meters-of-2…

Midway Drills 33 Meters of 2 gpt Gold at Gold Rock, Nevada

Midway Gold Corp. Ordinary Shares (Canada) (AMEX:MDW)
Intraday Stock Chart

Heute : Wednesday 14 September 2011


Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V; MDW:NYSE-AMEX) announces that the Company’s initial drilling on its Gold Rock Project, White Pine County, Nevada intercepted 33.5 meters of 2.06 grams per tonne (gpt) gold, including 7.6 meters of 4.18 gpt gold, in drill hole GR11-05. Additional intercepts include 48.8 meters of 0.96 gpt gold in drill hole GR11-07, and 18.3 meters of 0.82 gpt gold in drill hole GR11-03. Significant drill intercepts are listed in the table below.

Ken Brunk, Midway’s President and COO said “Midway has identified gold mineralization from historic drill data that extends for almost 3 km along strike north and south of the previously mined Easy Junior pit. The historic resource represents only a small portion of the area and is confined to only about 0.6 km of strike length around the existing open pit. Our 2011 drilling program is designed to verify the location and grade reported in the historic holes so we can use those results in an NI 43-101 resource estimate that will cover an area substantially larger than that of the reported historic resource. We believe Gold Rock could host a gold deposit that is comparable in size to our nearby Pan gold deposit, but with a potentially higher average grade. This large amount of historic drilling, once verified, could allow Midway to more quickly move this property toward a development stage.”

Midway’s 2011 Gold Rock drill program is designed to verify historic gold mineralization reported in drill results from past operators. Initial results are very positive; verifying the grade, width, and location of historic results in those areas drilled to date. A 1988 resource around the Easy Junior open pit mine was reported as 344,770 oz gold in 13.5 million tonnes of 0.8 gpt gold. (A qualified person has not done sufficient work to classify the historical estimate as a current NI43-101 compliant mineral resource; Midway is not treating the historical estimate as a current mineral resource and the historical estimate should not be relied upon.) A review by Midway of intercepts in 673 historic drill holes suggests that gold mineralization may extend beyond this historic resource. The initial Midway drill program includes 18,000 feet of reverse circulation (RC) drilling and 3,400 feet of core drilling to verify the historic drill results and to further evaluate this bulk tonnage, Carlin-style, sediment-hosted gold project. One RC drill and one core drill are currently operating on the property.

Significant Drill Hole Assay Intercepts

Gold Rock Project, Nevada Hole No.

 	  	From (m) 	To (m) 	  	Interval           Gold Grade (gpt) 



GR11-01 	  	114.3 	  	152.4 	  	38.1 	  	0.45 

GR11-02 	  	53.3 	  	79.2 	  	25.9 	  	0.27 

includes 	  	  	  	  	  	1.5 	  	2.02 

GR11-03 	  	85.3 	  	103.6 	  	18.3 	  	0.82 

GR11-04 	  	135.6 	  	173.7 	  	38.1 	  	0.51 

GR11-05 	  	62.5 	  	96.0 	  	33.5 	  	2.06 

includes 	  	  	  	  	  	7.6 	  	4.18 

GR11-06 	  	62.5 	  	79.2 	  	16.8 	  	0.62 

  	              	88.4 	  	99.1 	  	10.7 	  	0.62 

GR11-07 	  	169.2 	  	217.9 	  	48.8 	  	0.96 

Reverse circulation drilling was conducted by O’Keefe Drilling of Butte, Montana. Samples were assayed by ALS-Chemex Labs, in Sparks, Nevada by 30-gram fire assays. Results reported represent thickness along the trace of the drill hole and do not necessarily represent true thickness.

In 1986, Echo Bay Mines discovered the Easy Junior gold deposit in what is now the center of Midway's Gold Rock project. Alta Gold conducted open pit mining at Easy Junior between 1989 and 1994, continuing leach production to 1996. Midway Gold Corp., through its acquisition of Pan-Nevada Gold Corporation, gained control of the project in 2007. Gold Rock is 8 km southeast of Midway’s Pan Project and appears to contain similar host rocks and similar styles of gold mineralization.

This release has been reviewed and approved by Mr. William S. Neal (M.Sc. and CPG), Vice President of Geological Services, and a "Qualified Person" as that term is defined in NI 43-101.
ON BEHALF OF THE BOARD

“Kenneth A. Brunk”

[DerRohstoffbulle]

http://resourceclips.com/2011/09/14/midway-reports-nevada-go…



Midway reports Nevada Gold Results of 2.06 g/t over 33.5m

Midway Gold Corp TSXV:MDW announced results from its Gold Rock Project in White Pine County, Nevada. Assays include 2.06 g/t gold over 33.5 metres (including 4.18 g/t over 7.6 metres), 0.96 g/t over 48.8 metres, 0.51 g/t over 38.1 metres, 0.45 g/t over 38.1 metres and 0.82 g/t over 18.3 metres.

President/COO Ken Brunk said, “Midway has identified gold mineralization from historic drill data that extends for almost three kilometres along strike north and south of the previously mined Easy Junior pit. The historic resource represents only a small portion of the area and is confined to only about 0.6 kilometres of strike length around the existing open pit. Our 2011 drilling program is designed to verify the location and grade reported in the historic holes so we can use those results in an NI 43-101 resource estimate that will cover an area substantially larger than that of the reported historic resource. We believe Gold Rock could host a gold deposit that is comparable in size to our nearby Pan Gold Deposit, but with a potentially higher average grade. This large amount of historic drilling, once verified, could allow Midway to more quickly move this property toward a development stage.”

View Company Profile

Contact:
Midway Gold Corp
720.979.0900
877.475.3642

Company Overview

Midway is a precious metals company that engages in the discovery of new economic deposits and the development of profitable mines. Midway controls mineral rights along three major gold trends in Nevada and in the Republic district of Washington, and leads the Nevada junior sector as one of the lowest cost gold discovery companies in the United State

[DerRohstoffbulle]

hm...

"Wie mehrfach erwähnt: Wir rechnen in diesem Zusammenhang über kurz oder lang mit einem Übernahmeangebot von JV-Partner Barrick Gold. Aktuell kostet Midway etwa 280 Mio. USD, denen allein im Falle von Spring Valley 1,6 Mio. Unzen Gold (Midway-Anteil 40%) gegenüber stehen, was wiederum einer moderaten Bewertung von 175 Dollar je Unze entspricht. "

175 $/oz ist deutlich zu viel. es gibt gute minenaktien, die werden mit weniger als 50 $/oz bewertet....

[valueinvestor]

Da ist die Ressourcenschätzung aber nicht mehr aktuell, ein Fehler, dem durch den hundsmiserablen Internetauftritt von Midway leider nur zu leicht Vorschub gewährt wird.
Richtig ist folgende Schätzung zu Spring Valley, die sich in dieser news vom Mai versteckt:

http://www.midwaygold.com/s/NewsReleases.asp?ReportID=454535

Table: Spring Valley Mineral Resource, May 2011

Cut-off          Cut-off        Tonnes            Short Tons       Grade    	     Grade      Gold

gram/tonne    oz/ton        (x 1000)          (x 1000)        gram/tonne      oz/ton   Ounces     	

	  	

	    	  	

Measured plus Indicated Resource 	

0.55 		0.016 		32,070 		35,351 		1.13 		0.033 		1,161,000 	

0.41 		0.012 		49,213 		54,247 		0.90 		0.026 		1,422,000 	

0.27 		0.008 		79,964 		88,144 		0.68 		0.020 		1,755,000 	

0.14 		0.004 	144,825 		159,641 		0.46 	0.014 		2,160,000 	

  	

Inferred Resource 	

0.55 		0.016 		28,265 		31,156 		1.45 		0.042 		1,315,000 	

0.41 		0.012 		38,929 		42,911 		1.18 		0.034 		1,476,000 	

0.27 		0.008 		58,649 		64,649 		0.89 		0.026 		1,687,000 	

0.14 	0.004 		103,935 		114,567 		0.59 	0.017 		1,971,000

Richtig sind für Spring Valley also 4 Millionen Unzen plus das große Explorationspotential

plus Golden Eagle 2.000.000 Unzen
plus Pan ca 800.000 Unzen
plus Gold Rock 350.000 Unzen,

also in der Summe über 7 Millionen Unzen. (teilweise nicht NI 43/101 kompatibel)

Mit diesen 7 Millionen Unzen kommst du auf eine Bewertung von 40$ die Unze.
Das war die leckere Überlegung bei meinem Einstieg zwischen 60 und 70 Cent. Midway hatte zwar kein Geld, aber ich zahlte 10$ die Unze und hatte ein JV mit Barrick frei Haus

[valueinvestor]

Zu den News von gestern: Im Prinzip waren die Grade schon länger bekannt, nur nicht NI 43/101 konform.
Ich finde es außerordentlich bemerkenswert, das Midway in einem besch.... Marktumfeld wie heute ein neues 52 Wochen Hoch markieren kann.

Sehen wir heute noch die 3?

[valueinvestor]

recht heftige insiderkäufe durch Wolfius, über 200.000$:

http://www.canadianinsider.com/coReport/allTransactions.php?…

[valueinvestor]

Midway’s Pan Project Resource Increases to More Than 1 Million Ounces of Gold, White Pine County, Nevada

Midway Gold Corp. Ordinary Shares (Canada) (AMEX:MDW)
Intraday Stock Chart

Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V; MDW:NYSE-AMEX) announces an updated resource estimate that exceeds one million ounces of gold in the Measured and Indicated categories for the Pan Project, located 29 km southeast of Eureka, Nevada. The 1.13 million ounces of gold are contained in 37 million tonnes of 0.49 grams per tonne (gpt) gold in the Measured category and 43 million tonnes of 0.40 gpt gold in the Indicated category using a 0.14 gpt gold cutoff grade. This current gold resource remains open in multiple directions and additional exploration drilling is planned.

Ken Brunk, President and Chief Operating Officer of Midway said, “Our Pan resource grew to over one million ounces due to expansion of the South Pan gold deposit by drilling in 2011 and modeling the mineralization in Central Pan (the area between North and South Pan). We expect this 19% increase in gold ounces will have a positive impact on our mine design at Pan. We are adjusting proposed pit configurations and the operating cost estimates to include these additional resources in the Feasibility Study which is currently in progress. This may extend the time to complete the Feasibility Study but is not expected to impact our planned 2013 production target date.”
Updated Resource Estimate, Pan Project, Nevada
Measured Resource

Cutoff (gpt) 	  	Tonnes 	  	Grade (gpt) 	  	Gold ounces 

0.27 	  	27,352,000 	  	0.59 	  	520,000 

0.21 	  	30,857,000 	  	0.55 	  	547,000 

0.14 	  	36,920,000 	  	0.49 	  	579,000 

0.07 	  	50,924,000 	  	0.38 	  	622,000 

	  		  		  	

Indicated Resource 

Cutoff (gpt) 	  	Tonnes 	  	Grade (gpt) 	  	Gold ounces 

0.27 	  	27,126,000 	  	0.52 	  	453,000 

0.21 	  	32,652,000 	  	0.47 	  	495,000 

0.14 	  	43,118,000 	  	0.40 	  	551,000 

0.07 	  	73,925,000 	  	0.27 	  	645,000 

						  

Measured Plus Indicated Resource 

Cutoff (gpt) 	  	Tonnes 	  	Grade (gpt) 	  	Gold ounces 

0.27 	  	54,478,000 	  	0.56 	  	974,000 

0.21 	  	63,509,000 	  	0.51 	  	1,042,000 

0.14 	  	80,037,000 	  	0.44 	  	1,130,000 

0.07 	  	124,849,000 	  	0.32 	  	1,268,000 

						  

Inferred Resource 

Cutoff (gpt) 	  	Tonnes 	  	Grade (gpt) 	  	Gold ounces 

0.27 	  	1,771,000 	  	0.58 	  	33,000 

0.21 	  	2,229,000 	  	0.51 	  	37,000 

0.14 	  	3,928,000 	  	0.36 	  	45,000 

0.07 	  	9,693,000 	  	0.20 	  	63,000 

Note: The tonnage and total ounces of gold were determined from the statistical block model. Average grades were calculated from the tonnage and total ounces and then rounded to the significant digits shown. Calculations based on this table may differ due to the effect of rounding.

http://de.advfn.com/nachrichten/Midway-s-Pan-Project-Resourc…
Wenn sich der Markt wieder etwas beruhigt und die Zentralbanken weiter Geld drucken, werden solche Fakten wieder im Vordergrund stehen. Das Pan Projekt hat gemäß der PFS bei Gold 1050$ eine IRR von 32,5%

[valueinvestor]

Midway Gold Develops Management and Operations Team
Datum : 25/10/2011 @ 23h43

Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V; MDW:NYSE-AMEX) has been and continues to be actively building an experienced operations team. During the past year, Midway has grown from a five person company to one with 30 employees. To prepare a pathway towards production, Midway has added executives and managers in key business areas including operations, finance, controls, engineering and technical support, permitting, and administration. Importantly, the additions have operational and production skills that complement existing staff thereby enabling Midway to transition into a producing gold company more smoothly than could otherwise be achieved.

The growth outlined above has resulted in the achievement of a remarkable amount of work on Midway’s Pan, Gold Rock, and Tonopah projects over the past twelve months. Included in these achievements are a Preliminary Economic Assessment, Preliminary Feasibility Study and soon to be completed full Feasibility Study of its Pan gold project as well the design and execution of a targeted drill program that resulted in the creation of a resource that now exceeds one million ounces of gold (see press release dated October 4, 2011). Additionally, the group has conducted significant mine development drill programs at the Gold Rock and Tonopah projects (formerly the Midway project). Results will be reported when assays and evaluations are available.

While the engineering and resource development was underway, the Midway team also successfully received an expanded exploration permit for the Pan site. Additionally, they managed and wrote a Plan of Operations for submittal to the BLM this week that will initiate the NEPA process for the Pan mining permits required to enable construction and operations. The team also created a Plan of Operations for Gold Rock that serves as the basis for an Environmental Assessment to allow further development activities to take place.

The project and operations growth resulted in a need to re-design the organization into an operating company. Therefore, Mr. Richard Moritz has been promoted to the position of Senior Vice President of Operations. Reports to Mr. Moritz include Roger Gross, Vice President and General Manager of Nevada Operations, Tom Williams, Vice President of Environmental Affairs, Eric LeLacheur, Nevada District Geologist, and David Mosch, Senior Mining Engineer. Mr. Moritz’s organization will continue to grow with the addition of a Project Manager likely during the next year. Midway’s philosophy is to build strong local/regional management while creating and maintaining a small corporate group to concentrate on financing, corporate growth, consolidation, and reporting.

To attract and retain the necessary talent to enable Midway to succeed, the board of directors has endorsed a total compensation package that includes wages, customary benefits and employee stock options. Today, the board granted non-qualified and incentive stock options on a total of 2,755,000 shares of Midway's common stock to directors, employees and consultants pursuant to Midway's shareholder approved combined incentive and non-qualified stock option plan. The options are exercisable for up to five years at a price of C$2.10 per share being the last closing price (on October 24, 2011) of Midway's common shares prior to the board of directors granting the options. Some of the options are subject to vesting provisions and all of the options granted are subject to any applicable regulatory hold periods.

Dan Wolfus, CEO and Chairman said, “I am sure you will join with me to welcome those new to Midway and to congratulate Rick, as well as the others on the team for a job well done.”

http://de.advfn.com/nachrichten/Midway-Gold-Develops-Managem…

[valueinvestor]

Pan jetzt über 1 Million Unzen und noch immer in viele richtungen offen:

http://de.advfn.com/nachrichten/Midway-Gold-Files-NI-43-101-…

Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V; MDW:NYSE-AMEX) announces it has filed a NI 43-101 technical report including an updated resource estimate that exceeds one million ounces of gold in the Measured and Indicated categories for its Pan Project, located 29 km southeast of Eureka, Nevada. The 1.13 million ounces of gold are contained in 37 million tonnes of 0.49 grams per tonne (gpt) gold in the Measured category and 43 million tonnes of 0.40 gpt gold in the Indicated category using a 0.14 gpt gold cutoff grade. This current gold resource remains open in multiple directions and additional exploration drilling is planned.

Updated Resource Estimate, Pan Project, Nevada Measured Resource 	

 Cutoff (gpt) 	   	 Tonnes 	   	 Grade (gpt) 	   	 Gold ounces 	

 0.27 		 27,352,000 		 0.59 		 520,000 	

 0.21 		 30,857,000 		 0.55 		 547,000 	

 0.14 		 36,920,000 		 0.49 		 579,000 	

 0.07 		 50,924,000 		 0.38 		 622,000 	

						

   	

Indicated Resource 	

 Cutoff (gpt) 		 Tonnes 		 Grade (gpt) 		 Gold ounces 	

 0.27 		 27,126,000 		 0.52 		 453,000 	

 0.21 		 32,652,000 		 0.47 		 495,000 	

 0.14 		 43,118,000 		 0.40 		 551,000 	

 0.07 		 73,925,000 		 0.27 		 645,000 	

							   

Measured Plus Indicated Resource 	

 Cutoff (gpt) 		 Tonnes 		 Grade (gpt) 		 Gold ounces 	

 0.27 		 54,478,000 		 0.56 		 974,000 	

 0.21 		 63,509,000 		 0.51 		 1,042,000 	

 0.14 		 80,037,000 		 0.44 		 1,130,000 	

 0.07 		 124,849,000 		 0.32 		 1,268,000 	

							   

Inferred Resource 	

 Cutoff (gpt) 		 Tonnes 		 Grade (gpt) 		 Gold ounces 	

 0.27 		 1,771,000 		 0.58 		 33,000 	

 0.21 		 2,229,000 		 0.51 		 37,000 	

 0.14 		 3,928,000 		 0.36 		 45,000 	

 0.07 		 9,693,000 		 0.20 		 63,000 	

Note: The tonnage and total ounces of gold were determined from the statistical block model. Average grades were calculated from the tonnage and total ounces and then rounded to the significant digits shown. Calculations based on this table may differ due to the effect of rounding.

This updated resource estimate includes all data available through August, 2011. The estimate has been prepared by Gustavson Associates, LLC of Lakewood, Colorado, under the direction of Ms. Terre A. Lane, an independent Qualified Person. All estimates were prepared utilizing standard industry Software and resource estimation methodology. Further details are available in the new NI 43-101 technical report, posted on SEDAR (www.sedar.com). A Feasibility Study using the updated resource is currently in progress.

The Pan Project in White Pine County, Nevada is a bulk tonnage, Carlin-style, sediment-hosted gold deposit. The deposit remains open to the north, to the south, and at depth. Midway announced a Prefeasibility Study in April 2011. Using the earlier resource and a base case of $1050/oz gold price, the project had an NPV of $91 million and a 33% Internal Rate of Return.

Ich glaube bei diesem Projekt werden sehr bald Nägel mit Köpfen gemacht.

[DerRohstoffbulle]

richtig miese grades, die es fast unmöglich machen werden, ökonomisch gold abzubauen...
Mcap/oz: 290 CAD

klar überbewertet ggü. vergleichbaren werten wie Prodigy (PDG) oder Northern Gold (NGM)

[valueinvestor]

Antwort auf Beitrag Nr.: 42.297.801 von DerRohstoffbulle am 03.11.11 16:48:11

News:

http://de.advfn.com/nachrichten/Midway-Drills-23-Meters-of-2…

Midway Drills 23 Meters of 2.3 gpt Gold at Gold Rock, Nevada

Midway Gold Corp. Ordinary Shares (Canada) (AMEX:MDW)
Intraday Stock Chart

Heute : Monday 14 November 2011


Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V; MDW:NYSE-AMEX) announces that drilling on its Gold Rock Project, White Pine County, Nevada intercepted 23 meters of 2.33 grams per tonne (gpt) gold, including 3 meters of 4.56 gpt gold, in drill hole GR11-16 and 44 meters of 0.96 gpt gold in drill hole GR11-11. The drill results continue to confirm the expected grade and location of mineralization defined by historical drilling. Drill intercepts and hole locations are listed in the table and shown on the map below. Gold Rock is 8 km southeast of Midway’s Pan Project and appears to contain similar host rocks and similar styles of gold mineralization to those at Pan.

Ken Brunk, Midway’s President and COO said “Our verification drilling is continuing to encounter gold mineralization adjacent to the Easy Junior open pit and along strike to the north and south. The results correlate well with the location and grade of gold intercepts found in historical drill holes. This validation of the historic data should allow us to include data from 673 historic drill holes along with our own drilling when estimating a new NI 43-101 compliant resource. We believe Gold Rock could host a gold deposit that is comparable in size to our nearby Pan gold deposit, but with a potentially higher average grade.”

Midway’s 2011 Gold Rock drill program was designed to verify historic reports of gold mineralization indicated in drill results from past operators and to further evaluate this bulk tonnage, Carlin-style, sediment-hosted gold project. Midway’s verification drilling included 21,100 feet in 25 RC holes and 5,260 feet in 6 core holes. Assay results from 7 RC holes and 6 core holes are pending. Results from the first 7 holes were released earlier (see press release dated September 14, 2011).

A 1988 historical report of the resource around the Easy Junior open pit mine estimates the presence of 344,770 oz gold contained in 13.5 million tonnes at a grade of 0.8 gpt gold. A Qualified Person has not done sufficient work to classify the historical estimate as a current NI 43-101 compliant mineral resource. Midway is not treating the historical estimate as a current mineral resource and the historical estimate should not be relied upon.

In 1986, Echo Bay Mines discovered the Easy Junior gold deposit in what is now the center of Midway's Gold Rock project. Alta Gold conducted open pit mining at Easy Junior between 1989 and 1994; gold recovery continued to 1996. Midway, through its acquisition of Pan-Nevada Gold Corporation, gained control of the project in 2007.

Es wäre nett, wenn du bei deinen Berechnungen sämtliche Gebiete von Midway mit einbeziehen würdest, z.B. auch dieses hier:
http://www.midwaygold.com/s/NewsReleases.asp?ReportID=454535

[valueinvestor]

Zitat von DerRohstoffbulle: richtig miese grades, die es fast unmöglich machen werden, ökonomisch gold abzubauen...
Mcap/oz: 290 CAD

klar überbewertet ggü. vergleichbaren werten wie Prodigy (PDG) oder Northern Gold (NGM)

Außerdem ist Pan ein heap leach fähiges Projekt, das Gestein ist oxidiert und die Wirtschaftlichkeit im Rahmen einer Studie mit einer IRR von 33% längst nachgewiesen.

[valueinvestor]

Feasability zu Pan ist da:

http://de.advfn.com/nachrichten/Midway-Gold-Feasibility-Stud…

Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V; MDW:NYSE-AMEX) announces the results of a Feasibility Study (FS) for its Pan gold project in White Pine County, Nevada. The NPV of the project is robust at a range of gold prices, accelerating from $123 million at $1,200/oz gold to $344M at $1,900/oz gold. The IRR grows from 32% to 79% using the same range. Both use a 5% discount rate and are after tax figures. Proven and Probable Mineral Reserves increased 20% over the previous estimate to 864,000 oz of gold within 48.3M tonnes at a grade of 0.56 grams per tonne (gpt) gold.

Table 1. After Tax Project Economics at Selected 

Gold Prices (US$) Gold price/oz	$1,200 	   	$1,550 	   	$1,725 	   	$1,900 	

NPV @ 5% 		        $123M 		 $235M 		 $290M 		 $344M 	

IRR 		                 32% 		 56% 		 67% 		 79% 	

Payback years 		         2.59 		 1.70 		 1.41 		 1.20 	

Payback multiple 		 2.88 		 4.53 		 5.40 		 6.30 	

Pan is an oxidized gold deposit with a low strip ratio (1.79:1), mineable by open pit methods and treatable by heap leaching. These parameters result in a low capex project with anticipated very favorable economics. The mine plan used in the FS is based on producing 17,000 short tons of ore per day over an 8 year period. Ore will be crushed, agglomerated, and placed on a heap leach pad. Gold recoveries are estimated to average 75%; annual production is expected to exceed 81,000 oz of gold per year.

The capital costs to build the mine are estimated to be $99M which includes $8.2M working capital and $6.8M contingency. The operating cash cost is projected to be $585/oz which includes royalties, state taxes, and a 5% contingency. The total production cost including capital is projected to be $824/oz.

Mineral Reserves were based upon a design pit using Lerchs Grossmann generated pit surfaces that maximize revenue based on a $1,200 per ounce three-year trailing average price of gold. Cutoff grades of 0.21 gpt in the South pit and 0.27 gpt in the North & Central pits produced the project’s highest NPV.

[valueinvestor]

In einem schwierigen Marktzufeld ist das doch eine schöne Aussage! Dem Markt gefallen die Daten

[valueinvestor]

Seit dem Anstieg im Sommer sind übrigens knapp 5 Millionen Aktien short gegangen, bei den niedrigen Umsätzen in MDW sind das gut 8 Tagesumsätze.
Das übliche Spiel also - im Moment wähnen sich offensichtlich die Deflationisten auf der sichereren Seite.
Ich dagegen bin mir sicher, dass die Notenbanken der Welt Dinge tun werden, die mit Bazookas noch sehr freundlich umschrieben sind.

[valueinvestor]

das 52 Wochen Tief war bei 63,7 Cent.
ich kenne nicht viele Explorer, die 280% über dem 52 Wochen Tief notieren.
Richtig spannend wird es zum Ende des Monats. Barrick Gold, operator im Spring Valley berichtet immer quartalsweise an Midway über die Explorationsfortschritte, daher sind in den Veröffentlichungen zu Spring Valley gewisse Regelmäßigkeiten zu erkennen. Letztes jahr kamen die Spring Valley News am 30. November und ich bin sehr gespannt auf die step out drillings

Note: Die Ressourcen und die Pit Grenzen sind mittlerweile deutlich größer als auf diesem Bild

[valueinvestor]

http://de.advfn.com/nachrichten/Midway-s-Spring-Valley-Gold-…

Midway’s Spring Valley Gold Project, Nevada Advances to Barrick’s Development and Mine Site Exploration Groups

Midway Gold Corp. Ordinary Shares (Canada) (AMEX:MDW)
Intraday Stock Chart

Heute : Tuesday 6 December 2011


Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V; MDW:NYSE-AMEX) announces third quarter progress at its Spring Valley project based on information provided by Barrick Gold Exploration Inc. (“Barrick”), who is earning into the project. Progress includes:
Continued drilling of gold intercepts outside of the present resource area.
Increased participation of Barrick’s Project Development group and Barrick’s Mine Site Exploration group.

To accommodate a planned increase in operations, Barrick has expanded the project office in Lovelock. Additionally, Barrick has initiated cultural and biological studies to support an environmental assessment for an expanded drilling area.

Ken Brunk, Midway’s President and COO said, “We are pleased to see good drill results that continue to expand our resources beyond the current resource area. We are pleased to see that Barrick is now involving both the mine development and mine exploration groups in this project. We also want to thank the exploration group that had responsibility for the project for their effort and diligence in conducting their activities on the project prior to this transition. Spring Valley is in the initial stages of transitioning from a pure exploration project to a mine development project. This is an important step in the making of a future mine.”

Widely spaced reconnaissance drilling south of the current resource continues to encounter gold over an area 1.5 km long by 0.5 km wide. New gold intercepts include 27 meters of 0.79 grams per tonne (gpt) gold in SV11-525, and 32 meters of 0.86 gpt gold in SV11-534. Higher grade intercepts included 6.1 meters of 6.86 gpt (including 1.5 meters of 21.91 gpt) gold in SV11-521, 6.1 meters of 4.97 gpt (including 1.5 meters of 18.89 gpt) gold in SV11-530 and 10.7 meters of 1.44 gpt (including 1.5 meters of 8.95 gpt) gold in SV11-532c. At the north end of the resource a new intercept of 65 meters of 0.86 gpt gold in SV11-513c was reported. Barrick’s 2011 drilling through the third quarter totals 33,610 feet in 29 reverse circulation (RC) holes, 3,450 feet of pre-collar RC in the upper levels of core holes, and 15,283 feet in 10 core holes. Final metallic screen assay results have been received for 8 holes, the remaining assay results are from preliminary fire assays. Assays remain pending for an additional 15 holes. Core drilling was completed in September; RC drilling was completed in November.

Spring Valley is a large, porphyry-hosted gold system. A May, 2011 updated resource estimate reported 2.16 million ounces of gold in the combined Measured and Indicated categories at a cut-off grade of 0.14 gpt. There is an additional Inferred resource of 1.97 million ounces of gold at the same cut-off grade. The Measured resource is 0.93 million ounces contained within 59.0 million tonnes grading 0.49 gpt, the Indicated resource is 1.23 million ounces contained within 85.8 million tonnes grading 0.45 gpt, and the Inferred resource is contained within 103.9 million tonnes grading 0.59 gpt. The estimate was prepared for Midway by Gustavson Associates, LLC of Lakewood, Colorado (Midway press release dated May 2, 2011).

[valueinvestor]

Während mich die Ergebnisse von Spring Valley ein wenig enttäuscht haben, läuft es auf den anderen Projekten deutlich besser als von mir erwartet:

http://de.advfn.com/nachrichten/Midway-Drills-334-gpt-Gold-a…

Midway Drills 334 gpt Gold at Tonopah Project, Nye County, Nevada

Midway Gold Corp. Ordinary Shares (Canada) (AMEX:MDW)
Intraday Stock Chart

Heute : Thursday 8 December 2011


Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V; MDW:NYSE-AMEX) announces that drilling in the Discovery Zone at its Tonopah Project (previously named the Midway Project), Nye County, Nevada has identified multiple high grade intercepts listed below:
0.4 meters of 334.9 grams per tonne (gpt) gold and 1.5 meters of 78.41 gpt gold within a zone of 45.9 meters of 7.68 gpt gold in drill hole MW11-09c
0.5 meters of 88 gpt gold within a zone of 47.9 meters of 2.02 gpt gold in MW11-05c
2.7 meters of 17.5 gpt gold within a zone of 21.6 meters of 4.83 gpt gold in MW11-07c

In addition, the drilling also encountered longer intercepts of:
46.6 meters of 2.67 gpt gold in MW11-08c
30.5 meters of 2.09 gpt gold in MW11-11c
52.4 meters of 1.99 gpt gold in MW11-04c
44.5 meters of 1.13 gpt gold in MW11-06c

Additional drill intercepts are listed in the table below.

Ken Brunk, Midway’s President and COO said, “We are pleased with the grades and length of our drill results in the Discovery Zone. Our 2011 drilling confirmed that the higher grade gold zones occur within lower grade blanket-like gold mineralization. This allows us to evaluate various mining methods including open pit or underground methods and select the best approach for the project. To avoid confusion with the company name, the Midway Project has been renamed the Tonopah Project.”

The Tonopah Project is about 15 miles north of the town of Tonopah, Nevada, and Midway’s 2011 drilling program used core drilling to closely define structurally controlled mineralization which was previously only partially tested by RC drilling. Detailed core drilling was essential to identify the true width and orientation of the veins. The drill program totaled 3,970 meters of core with 1,562 meters in the Discovery zone, 902 meters in the 121 zone, 652 meters in the Dauntless zone, 609 meters in the 63-77 zone, and 245 meters in a geotechnical hole near the site of a possible future mine shaft. Drill intercepts for the Discovery Zone are reported here. Assays for the other zones remain pending.

Discovery Zone Drill Hole Gold Intercepts, Tonopah Project, Nevada 

								   

 Hole No. 	  From (m) 	 To (m) 	 Interval (m) 	 Gold Grade (gpt) 

 MW11-01C         84.7 		 89.3 		 4.6 		 0.38 

		 103.6 		 108.5 		 4.9 		 0.51 

   	   	 130.5 	   	 133.8 	   	 3.4 	   	 0.38 

 MW11-02C 	  96.3 	   	 109.7 	   	 13.4 	   	 1.03 

 MW11-03C 	  75.9 	   	 83.5 	   	 7.6 	   	 0.45 

 MW11-04C 	  34.2 		 86.6 		 52.4 		1.99 

 includes: 					 13.7 		 3.77 

 includes: 					  4.0 		 7.41 

		 108.2 		 118.9 		 10.7 		 4.35 

 includes: 					 6.1 		 7.37 

   	   	 156.4 	   	 160.3 	   	 4.0 	   	 0.79 

 MW11-05C 	  44.6 		 92.5 		 47.9 		 2.02 

 includes: 	   	   	   	   	  0.5 	   	88.08 

 MW11-06C 	  59.1 		 64.9 		 5.9 		 1.75 

		  69.5 		 114.0 		 44.5 		 1.13 

   	   	 128.9 	   	 132.0 	   	 3.0 	   	 0.86 

 MW11-07C 	  62.2 		 83.8 		 21.6 		 4.83 

 includes: 					  7.3 		8.71 

 includes: 	   	   	   	   	  2.7 	   	17.5 

 MW11-08C 	  52.9 		 99.5 		 46.6 		 2.67 

 includes: 	   	   	   	   	 15.5 	   	 6.34 

 MW11-09C 	  46.6 		 92.7 		 45.9 		 7.68 

 includes: 					 13.7 		 22.90 

 includes: 					  1.5 		78.41 

 and: 	   	   	   	   	   	  0.4 	   	334.90 

 MW11-10C 	 40.5 		 57.0 		 16.5 		 0.69 

		 63.1 		 80.2 		 17.1 		 3.53 

 includes: 					 14.6 		 4.01 

   	   	 93.9 	   	 103.0 	   	  9.1 	   	 1.71 

 MW11-11C 	 39.3 		 69.8 		 30.5 		 2.09 

 includes: 					  3.0 		 7.27 

 includes: 					  3.7 		 5.04 

   	   	 75.9 	   	 80.5 	   	  4.6 	   	 2.16

Hintergrund:
http://www.midwaygold.com/s/NewsReleases.asp?ReportID=450015
Hier wäre Kartenmaterial oder cross sections sehr hilfreich, aber sowas ist bei midway nicht, keine Präsentationen, keine Werbung, oft sind die Daten auf der Homepage veraltet.
Die Qualität der Arbeit der Firma stimmt aber und der Kurs auch - einer der erfolgreichsten Explorer des letzten Jahres.

Einfaches Einfügen von wallstreetONLINE Charts: So funktionierts.

[valueinvestor]

Hier noch einmal eine Zusammenstellung von den Ressourcen Midways:

Gold Rock (1988, nicht NI 43-101 konform)------288.000 Unzen, 0,90g oxidiert

Midway Tonopah--inferred----------------------- 36.000 Unzen, 8,52g

Pan M&I--------------------------------------1.130.000 Unzen, 0,42g oxidiert

Pan inferred------------------------------------45.000 Unzen, 0,36g oxidiert

Spring Valley--M&I---------------------------2.160.000 Unzen, 0,46g oxidiert

Spring Valley--inferred----------------------1.971.000 Unzen, 0,59g oxidiert

Golden Eagle indicated-----------------------1.744.000 Unzen, 1,71g nicht oxidiert

Golden Eagle inferred--------------------------192.000 Unzen, 1,18g nicht oxidiert

Das sind zusammen über 7,5 Millionen Unzen

[valueinvestor]

Es gibt nicht viele Explorer, die heute im plus liegen.

[valueinvestor]

http://www.marketwatch.com/story/denver-post-says-midway-gol…

press release

Feb. 7, 2012, 8:00 a.m. EST
Denver Post Says Midway Gold Was the Top-Performing Stock in Colorado for 2011



DENVER, Feb 07, 2012 (BUSINESS WIRE) -- Midway Gold Corp. ("Midway" or the "Company") (mdw:TSX-V)(mdw:NYSE-AMEX) reports that on December 31, 2011, the Denver Post reported that Midway was Colorado's top-performing stock in 2011 with a 151% share price increase. Midway is traded on both the NYSE Amex and TSX Venture stock exchanges.

Dan Wolfus, CEO and Chairman said, "The Company's 2011 growth was fueled by aggressive and successful exploration and development programs at the Company's Pan, Gold Rock, and Tonopah projects and by the advancement of the Spring Valley project by our partner Barrick. We are excited by the rapid progress we made toward production at Pan, and our permitting team continues to be diligently focused on the mine permit process. At Spring Valley, we more than doubled the resource estimate and Barrick started to transition the project from exploration to mine development. At Gold Rock, our successful validation will allow us to include hundreds of historic drill holes in a new resource estimate expected to be complete in early 2012. This year's successful work is de-risking the projects, helping to create shareholder value, and puts the Company in a strong position to continue our path to production."

2011 Highlights

-- Expanded Pan to over a million ounces of Measured and Indicated resource

-- Completed a Feasibility Study at Pan that shows robust project economics

-- Initiated the permitting process at Pan by filing a Plan of Operations which has been deemed complete

-- Updated the resource at Spring Valley to more than double the previous estimate

-- Substantially increased the Spring Valley resource in the Measured and Indicated categories

-- Barrick initiated the transition of Spring Valley from exploration to mine development

-- Barrick completed 15,953 meters (52,340 feet) of drilling at Spring Valley

-- Midway completed 23,141 meters (75,920 feet) of drilling on all other projects

-- Completed a two-stage validation of historic drilling results at Gold Rock

-- Initiated a 43-101 resource estimate for Gold Rock; to be complete in early 2012

-- Completed core drilling at Tonopah to test the geologic model

-- Midway was added to the U.S. broad-market Russell 3000(R) Index

-- Midway was added to the Market Vector Junior Gold Miners (GDXJ) ETF

-- Midway now qualifies as a Development Stage company under SEC guidelines.

Pan Project

Midway's numerous achievements in 2011 were led by the rapid advance of the Pan project toward production. The Pan project was targeted to be Midway's first mine after a positive Prefeasibility Study was completed early in the year. The 2011 drill program of 11,238 meters in 43 holes resulted in expansion of the measured and indicated resource to over one million ounces of gold (see press release dated October 4, 2011). Using this resource, a Feasibility Study was completed in November that shows the NPV of the project is robust at a range of gold prices, ranging from $123 million at $1,200/oz gold to $344M at $1,900/oz gold. The IRR grows from 32% to 79% using the same gold price range. Both use a 5% discount rate and are after-tax figures (see press release dated November 15, 2011).

                             Pan Project, Updated Resource, October 2011

            ----------------------------------------------------------------

            0.14 gpt cutoff    Measured     Indicated    Inferred   Measured + Indicated

            ---------------   ----------   ----------   ---------   --------------------

            Tonnes            36,920,000   43,118,000    3,928,000       80,037,000

            ---------------   ----------   ----------   ---------   --------------------

            Ounces Gold         579,000      551,000      45,000          1,130,000

            ---------------   ----------   ----------   ---------   --------------------

            Grade (gpt)          0.49         0.40         0.36             0.44

            ---------------   ----------   ----------   ---------   --------------------

Independent NI 43-101 Updated Resource Technical Report by
Gustavson Associates, LLC - Oct, 2011





While the engineering and resource development programs were underway, Midway permitted an expanded exploration drilling program and also developed a Plan of Operations for a mining permit. This Plan was submitted to the BLM and the NDEP in November and has since been deemed complete. A Plan of Operations must be complete before the official permitting process can begin. The Plan was supported by numerous environmental baseline studies.

Gold Rock Project

Additionally, Midway has conducted significant mine development drill programs at the Gold Rock and the Tonopah projects (formerly the Midway project). The Gold Rock project, 8 km away from Pan and with similar host rocks, alteration, and gold mineralization, is considered next in line for production. Analysis of 673 historical drill holes within and surrounding the previously mined Easy Junior open pit, identified a gold zone 2500 meters long that may represent a bulk tonnage epithermal gold target. A two stage verification program was initiated to validate the historic data. A detailed review of location surveys, assay certificates, coordinate conversions, and analysis of drill logs confirmed the accuracy of the earlier data. Following this confirmation, the Company drilled 6,370 meters in 25 RC holes and 1,571 meters in 6 core holes as an independent test of the data. Initial drill results were positive; verifying the grade, width, and location of historic results. An NI43-101 compliant resource estimate using both 2011 drill results and the historic data is expected to be completed in early 2012. Permitting is underway for a drilling program to expand the resource and to fill-in areas where the historic drilling is too widely spaced to be included in a resource estimate.

Midway filed an NI43-101 Technical Report on Mar 28, 2011 that included a non-compliant historic resource at Gold Rock of 344,770 ounces gold in 13.5 million tonnes grading 0.8 grams per tonne gold from International Mining Consultants, 1988. Midway is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.

Tonopah Project

A core drilling program was conducted at the Tonopah project during the third quarter to define the true width and continuity of gold grades in veins and wall rock. This program was designed to test the geologic model before committing to a mine planning effort. A total of 3,962 meters was drilled in 26 holes to test areas of the Discovery, 121, Dauntless, and 63-77 gold zones. The drill results identified multiple high grade intercepts as well as multiple long gold intercepts. During 2012, drill results will be used to further evaluate and refine the deposit model.

Spring Valley Project

In May, 2011, Midway announced an updated mineral resource estimate for its Spring Valley project in Pershing County, Nevada. The updated resource includes Barrick's 2009 and 2010 drill results. The new estimate significantly increased the resource in the Measured and Indicated categories and added additional Inferred resources. Barrick, Midway's partner at Spring Valley, reported that, through the third quarter of 2011, they had drilled a total of 10,244 meters in 29 reverse circulation (RC) holes, 1,051 meters of pre-collar RC in the upper levels of core holes, and 4,658 meters in 10 core holes. Barrick has increased participation of their Project Development group and Mine Site Exploration group as part of the initial stages of transitioning Spring Valley from a pure exploration project into a mine development project. To accommodate a planned increase in operations, Barrick, expanded the project office in Lovelock, and initiated cultural and biological studies to support permitting for an expanded drilling area.

  Spring Valley Project, Updated Resource, May 2011

             -----------------------------------------------------------------

             0.14 g/t cutoff      Measured   Indicated  Inferred  Measured + Indicated

             -------------------  --------  ---------  ---------  --------------------

             Tonnes (x1000)        59,032     85,793     103,935         144,825

             -------------------  --------  ---------  ---------  --------------------

             Ounces Gold           931,000   1,229,000  1,971,000       2,160,000

             -------------------  --------  ---------  ---------  --------------------

             Grade (grams/tonne)    0.49       0.45       0.59            0.46

             -------------------  --------  ---------  ---------  --------------------

Independent NI 43-101 Technical Report on Spring Valley by
Gustavson Associates, LLC - May, 2011

[valueinvestor]

Feb. 21, 2012, 8:00 a.m. EST
Midway Drills 50 Meters of 1.3 gpt Gold at Gold Rock, Nevada


DENVER, Feb 21, 2012 (BUSINESS WIRE) -- Midway Gold Corp. ("Midway" or the "Company") (mdw:TSX-V)(mdw:NYSE-AMEX) announces that drilling on its Gold Rock Project, White Pine County, Nevada intercepted 50 meters of 1.37 grams per tonne (gpt) gold including 8 meters of 4.4 gpt gold in core hole GR11-23c. Drilling also intercepted 45 meters of 1.44 gpt gold including 3 meters of 4.8 gpt gold and 4.4 meters of 3.9 gpt gold in GR11-14c, and 30 meters of 1.34 gpt gold including 16 meters of 2.1 gpt gold in GR11-29. These final results from the 2011 drilling program continue to confirm the expected grade and location of this bulk tonnage, Carlin-style, sediment-hosted gold mineralization defined by historical drilling. Drill intercepts are listed in the table below.

Core holes that twinned adjacent reverse circulation (RC) holes show very good correlation in intercept thickness and average grade. The core holes GR11-23c and GR11-25c intercepted better gold grades than in the RC holes as shown in the twin hole comparison table below. Another core hole, GR11-14c, intercepted thicker gold mineralization with similar higher grade zones as seen in the RC twin.

Ken Brunk, Midway's President and COO said "Our 2011 drilling verified the gold mineralization adjacent to the Easy Junior pit and along strike to the north and south. The results from the three pairs of twin holes are a robust confirmation of the RC drilling. Validation of the historic data is being conducted independently and will be included in a new NI 43-101 resource estimate in progress. We believe the Gold Rock gold deposit is comparable in size to our nearby Pan gold deposit, but with a potentially higher average grade. We are planning an aggressive drill program for 2012 to establish the size and grade of the deposit and to put the project on a course for mine development."

                                 Significant Drill Hole Assay Intercepts

                                        Gold Rock Project, Nevada

           Hole      Type    From (m)    To (m)    Length (m)     Grade (gpt)        Comment

        ---------    ----    --------    ------    ----------    -----------    ---------------

         GR11-13C    core                           No Significant intercept

        ---------    ----                          --------------------------

         GR11-14C    core      63.7       109.3       45.6           1.44        Twin of GR11-05

        Includes:                                      3.0           4.87

              and                                      4.4           3.94

        ---------                                  ----------    -----------

         GR11-15C    core      209.4      230.1       20.7           0.41

        ---------    ----    --------    ------    ----------    -----------

          GR11-18     RC       106.7      166.1       59.4           0.34

        ---------    ----    --------    ------    ----------    -----------

          GR11-19     RC       114.3      121.9        7.6           0.65

        ---------    ----    --------    ------    ----------    -----------

         GR11-23C    core      53.3       103.9       50.6           1.37        Twin of GR11-11

        Includes:                                      8.2           4.42

                               187.5      199.6       12.2           0.62

                             --------    ------    ----------    -----------

         GR11-24C    core                           No Significant intercept

        ---------    ----                          --------------------------

         GR11-25C    core      106.7      161.2       54.6           0.55        Twin of GR11-18

         Includes:                                    27.1           0.79

        ---------                                  ----------    -----------

          GR11-27     RC       178.3      189.0       10.7           0.21

        ---------    ----    --------    ------    ----------    -----------

          GR11-28     RC       179.8      246.9       67.1           0.58

        ---------    ----    --------    ------    ----------    -----------

          GR11-29     RC       192.0      222.5       30.5           1.34

        Includes:                                     16.8           2.16

        ---------                                  ----------    -----------

          GR11-30     RC                            No Significant intercept

        ---------    ----                          --------------------------

          GR11-31     RC                            No Significant intercept

        ---------    ----                          --------------------------

Reverse circulation drilling was conducted by O'Keefe Drilling of Butte, Montana and National Drilling of Elko, Nevada. Core drilling was conducted by KB Drilling of Carson City, Nevada. Samples were assayed by ALS-Chemex Labs, in Sparks, Nevada by 30-gram fire assays. Results reported represent thickness along the trace of the drill hole and do not necessarily represent true thickness.

Midway's 2011 Gold Rock drill program was part of a two-stage verification program designed to confirm a 2,500 meter long gold zone that Midway geologists identified from historic drill results by past operators. Verification drilling included 20,900 feet in 25 RC holes and 5,155 feet in 6 core holes. A detailed evaluation of historic drill hole survey locations, confirmation of assay results, and review of geology and alteration are in progress as part of 43-101 resource estimate currently in progress.

Twin Hole Comparisons

                                          Gold Rock Project, Nevada

           Hole      Type    From (m)    To (m)    Length (m)     Grade (gpt)          Comment

        ---------    ----    --------    ------    ----------    -----------    -------------------

          GR11-05     RC       62.5       96.0        33.5           2.06        Previously reported

        Includes:                                      7.6           4.18

        ---------                                  ----------    -----------

         GR11-14C    core      63.7       109.3       45.6           1.44          Twin of GR11-05

        Includes:                                      3.0           4.87

              and                                      4.4           3.94

        ---------                                  ----------    -----------

          GR11-11     RC       51.8       96.0        44.2           0.96        Previously reported

        ---------    ----    --------    ------    ----------    -----------    -------------------

         GR11-23C    core      53.3       103.9       50.6           1.37          Twin of GR11-11

        Includes:                                      8.2           4.42

        ---------                                  ----------    -----------

          GR11-18     RC       106.7      166.1       59.4           0.34

        ---------    ----    --------    ------    ----------    -----------

         GR11-25C    core      106.7      161.2       54.6           0.55          Twin of GR11-18

        Includes:                                     27.1           0.79

        ---------                                  ----------    -----------

        

Core-RC pairs GR11-07 & GR11-15c and GR11-29 & GR11-13C deviated away from each other down the hole to such a degree that they do not represent a true twin test at the depth of the intercept.

Gold Rock is 8 km southeast of Midway's Pan Project and appears to contain similar host rocks and similar styles of gold mineralization. A 1988 historical report of the resource around the Easy Junior open pit mine estimates 344,770 oz gold in 13.5 million tonnes of 0.8 gpt gold (NI 43-101 Technical Report dated March 28, 2011). A Qualified Person has not done sufficient work to classify the historical estimate as a current NI43-101 compliant mineral resource. Midway is not treating the historical estimate as a current mineral resource and the historical estimate should not be relied upon.

Map of Drill Hole Locations Gold Rock Project, Nevada

To view the drill hole map, click onto the link below or cut and paste into your web browser: www.usetdas.com/maps/midway/midway2Feb21.jpg

This release has been reviewed and approved by Mr. William S. Neal (M.Sc. and CPG), Vice President of Geological Services, and a "Qualified Person" as that term is defined in NI 43-101.

ON BEHALF OF THE BOARD "Kenneth A. Brunk" Kenneth A. Brunk, President, COO and Director

http://www.marketwatch.com/story/midway-drills-50-meters-of-…

[valueinvestor]

press release

Feb. 29, 2012, 8:00 a.m. EST
Midway Reports Significant Gold Resource Increase at Gold Rock, Nevada

DENVER, Feb 29, 2012 (BUSINESS WIRE) -- Midway Gold Corp. ("Midway" or the "Company") (mdw:TSX-V)(mdw:NYSE-AMEX) announces a new Indicated resource of 310,000 ounces (oz) of gold and Inferred resource of 331,000 oz of gold at the Company's Gold Rock project, White Pine County, Nevada. The gold resource, which appears to be open in all directions, represents a significant increase above the previously reported 344,700 oz historic estimate. The Indicated resource is contained in 12,968,000 tonnes at a grade of 0.74 grams per tonne (gpt) gold. The Inferred resource is contained in 17,894,000 tonnes at a grade of 0.58 gpt gold. The new resource includes results from 466 verified historic drill holes and 31 Midway verification holes that were drilled in 2011. Gold Rock lies 8 km southeast of Midway's Pan project.

The resource extends for 2,500 meters north and south from the historic Easy Junior open pit gold mine. The significantly higher grade of the Indicated resource reflects the difference between the use of fire assay results in estimation of the Indicated resource and inclusion of cyanide solution assays in estimating the Inferred resource. These solution assays, in historic drill holes by previous owners, appear to significantly understate the gold grade as compared to fire assay results. A set of 1,956 samples having both solution assays and fire assays averaged 25% difference between the assay types. Solution assays comprise about 35% of the gold values in the total resource. The Indicated resource was calculated using only samples with verified fire assays; samples with cyanide solution assays were restricted to the Inferred resource category.

Ken Brunk, President and Chief Operating Officer of Midway said, "Our first resource estimate at Gold Rock shows the deposit is comparable in size to our nearby Pan gold deposit. We are confident we can significantly grow this resource through both in-fill and step-out drilling. We have an aggressive 2012 program planned for Gold Rock that includes drilling for resource expansion, metallurgical testing, initial environmental baseline studies, and conceptual mine engineering. Our goal is to move this project rapidly toward mine development.

"Gold Rock is now at the same stage as the Pan project was back in mid-2010 before our Preliminary Economic Assessment. Eighteen months later, following aggressive drill programs, we announced over a million ounce resource at Pan. This was followed by a Feasibility Study with robust economics and the initiation of the mine permitting process. Our goal is to move Gold Rock forward at a pace similar to the Pan project."

A rigorous two-stage verification program was critical to validate the previous drill hole database before calculating a new resource estimate at Gold Rock. The first stage required independent validation of the historic drill results by engineers at Gustavson Associates, LLC. This review resulted in validation of drill results from 52,000 meters of previous drilling in 466 holes. The second stage was a 2011 Midway drilling program to independently confirm gold grades, geology, and rock alteration reported from the earlier drill holes. Midway drilled 8,000 meters in 31 holes, including six core holes.

                                    Resource Estimate, Gold Rock Project, Nevada

        ----------------------------------------------------------------------------

                                    Inferred Resource                          Indicated Resource

                        -----------------------------------------   -----------------------------------------

        Cutoff (gpt)      Tonnes       Grade (gpt)    Gold ounces     Tonnes       Grade (gpt)    Gold ounces

        ------------    ----------    -----------    -----------    ----------    -----------    -----------

            0.51         7,866,000        0.83          211,000      7,820,000        0.98          247,000

            0.41        10,857,000        0.73          255,000      9,593,000        0.89          273,000

            0.27        17,894,000        0.58          331,000     12,968,000        0.74          310,000

            0.14        30,460,000        0.42          409,000     18,010,000        0.59          343,000

        ------------    ----------    -----------    -----------    ----------    -----------    -----------

        

Note: The tonnage and total ounces of gold were determined from the statistical block model. Average grades were calculated from the tonnage and total ounces and then rounded to the significant digits shown. Calculations based on this table may differ due to the effect of rounding.

Map of Drill Hole Locations Gold Rock Project, Nevada

To view the Map of Drill Hole Locations, Gold Rock Project, Nevada, please click on the following link: http://www.usetdas.com/pr/midway02292012005.jpg .

A 1988 historic report of the resource around the Easy Junior open pit mine estimated the presence of 344,770 oz gold in 13.5 million tonnes averaging 0.8 gpt gold (NI 43-101 Technical Report dated March 28, 2011). The Easy Junior gold deposit was mined by open pit methods between 1989 and 1994. Midway, through its acquisition of Pan-Nevada Gold Corporation, gained control of the Easy Junior--Gold Rock project in 2007. Geologically, the Gold Rock Project is a Carlin-style, open-pittable, sediment-hosted gold deposit hosted in silicified limestone near the crest of an anticlinal fold.

http://www.marketwatch.com/story/midway-reports-significant-…

[valueinvestor]

http://www.marketwatch.com/story/midway-gold-reports-new-lon…

DENVER, Jun 12, 2012 (BUSINESS WIRE) -- Midway Gold Corp. ("Midway" or the "Company") (mdw:TSX-V)(mdw:NYSE-AMEX) announces first quarter drill results calculated from data provided by Barrick Gold Exploration Inc. ("Barrick"), who is earning into Midway's Spring Valley Project, Nevada.

Drill Highlights

-- 136 meters of 0.75 grams per tonne (gpt) gold in SV11-516c

-- 61 meters of 1.03 gpt gold in SV12-562

-- 108 meters of 0.93 gpt gold in SV12-564

Higher Grade Intercepts

-- 0.9 meters of 32.91 gpt gold in SV11-516c

-- 1.5 meters of 12.34 gpt gold in SV12-558c

-- 1.5 meters of 11.01 gpt gold in SV12-564

These 2012 drill results are from both exploration and development programs. Barrick has two drill rigs operating on the property, and in 2012 has completed 2,732 meters of reverse circulation and 883 meters of large diameter PQ (85mm) core drilling. Exploration work is focused on step-out drilling to the south of the defined resource and infill drilling in the resource area to convert and expand lower confidence resource areas into higher confidence categories. Development drilling is gathering information for metallurgical, hydrological, and geotechnical studies which are required for a scoping study economic evaluation.

Barrick has budgeted $11.5 million in 2012 for work at Spring Valley. This amount is $3.5 million, or more than 43%, above their minimum expenditure level that must spent to maintain their earn-in schedule. Barrick's total expenditure through the end of 2011 was approximately $17.7 million which exceeded the cumulative $16 million expenditure required under terms of the March 9th, 2009 agreement between Midway and Barrick. Barrick will earn a 60% interest in the project by completing expenditures totaling US$30 million before December 31, 2013.

Ken Brunk, Midway's President and CEO said "We are pleased that Barrick's development work and in-fill drilling continue to confirm the quality and strength of the Spring Valley project. We look forward to continued development of Spring Valley and feel it is an important part of the greater Midway story."

               Significant New Drill Hole Gold Intercepts from Q1 Report

                             Spring Valley Project, Nevada

                 (Calculated by Midway from data provided by Barrick)

          Hole ID      Assay      From        To      Interval     Gold grade

                       Type        (m)        (m)        (m)          (gpt)

        ---------     -----     -------     -----     --------     ----------

        SV11-516c       MS        230.3      236.1       5.8          6.21

        includes                                         0.9          32.91

                        MS        273.1      409.3      136.2         0.75

        includes                                         3.0          3.84

        and                                              1.5          4.63

        and                                              1.5          4.39

        and                                              1.5          7.92

        and                                              1.5          4.49

                        MS        428.8      434.2       5.4          0.45

                      -----     -------     -----     --------     ----------

        SV11-536c       MS        135.5      137.0       1.5          1.03

                        MS        307.7      309.4       1.7          0.45

                        MS        385.9      387.4       1.5          0.45

                      -----     -------     -----     --------     ----------

        SV12-557c     Assays pending

        ---------     --------------------------------------------------------

        SV12-558c       MS        96.0       97.5        1.5          12.34

                      Additional assays pending

                      --------------------------------------------------------

        SV12-559c       MS        64.0       65.5        1.5          1.34

                      Additional assays pending

                        FA        351.4      363.0      11.6          0.62

                        FA        407.2      441.4      34.1          0.72

        includes                                         1.5          5.07

        and                                              1.5          4.22

        and                                              1.5          3.74

        ---------                                     --------     ----------

        SV12-560      Assays Pending

        ---------     ------------------

        SV12-561      Assays Pending

        ---------     ------------------

        SV12-562        MS        204.2      265.2      61.0          1.03

        includes                                         1.5          3.63

        and                                              1.5          5.86

                        MS        277.4      278.9       1.5          0.82

                        MS        297.2      304.8       7.6          0.27

                        MS        324.6      353.6      29.0          0.34

                        MS        361.2      378.0      16.8          0.21

                        FA        405.4      406.9       1.5          0.99

                      -----     -------     -----     --------     ----------

        SV12-563      Pending re-assays

        ---------     ------------------

        SV12-564        MS        120.4      137.2      16.8          0.17

                        MS        146.3      160.0      13.7          0.21

                        MS        181.4      184.4       3.0          1.10

                        MS        214.9      246.9      32.0          0.38

                        MS        262.1      274.3      12.2          0.58

                        MS        286.5      292.6       6.1          0.62

                        MS        304.8      321.6      16.8          0.24

                        MS        349.0      457.2      108.2         0.93

        includes                                         1.5          5.76

        and                                              1.5          5.25

        and                                              1.5          11.01

        ---------                                     --------     ----------

        SV12-565c     Assays Pending

        ---------     ------------------

        SV12-566        FA        245.4      246.9       1.5          0.69

        ---------     -----     -------     -----     --------     ----------

        SV12-567        FA        227.1      228.6       1.5          0.38

        ---------     -----     -------     -----     --------     ----------

        

Reverse circulation drilling was conducted by Hard Rock Drilling of Elko, Nevada. Core drilling was conducted by TonaTec Exploration of Mapleton, Utah. Drill hole numbers ending with a "C" indicate core holes. Samples were assayed by ALS-Chemex Labs, in Sparks, Nevada using 30 gram fire assay methods (FA) and by metallic screen assay methods (MS). Results reported represent thickness along the trace of the drill hole and do not necessarily represent true thickness. Intervals may not match to the nearest tenth due to arithmetic rounding.

To view the graphic associated with Spring Valley Project Q1 2012 Drill Results please click on the following link: http://www.usetdas.com/pr/midwayspring06122012.jpg

Spring Valley is a large, porphyry-hosted gold system, located, about 20 miles northeast of Lovelock in Pershing County, Nevada. A May, 2011 updated resource estimate by Midway reported 2.16 million ounces of gold in the combined Measured and Indicated categories at a cut-off grade of 0.14 gpt. There is an additional Inferred resource of 1.97 million ounces of gold at the same cut-off grade. The Measured resource is 0.93 million ounces contained within 59.0 million tonnes grading 0.49 gpt, the Indicated resource is 1.23 million ounces contained within 85.8 million tonnes grading 0.45 gpt, and the Inferred resource is contained within 103.9 million tonnes grading 0.59 gpt. The estimate was prepared for Midway by Gustavson Associates, LLC of Lakewood, Colorado (Midway press release dated May 2, 2011). The updated resource includes Barrick's 2009 and 2010 drill results and significantly increased the resource in the Measured and Indicated categories and added additional Inferred resources.



Sehr schöne Erfolge im Norden - die südliche Erweiterung wird es aber so nicht geben. Somit hat sich die ursprüngliche Investmentidee zerschlagen. Mit der Entwicklung im Norden und auch auf den anderen Gebieten sehe ich aber weiterhin genügend Potential - eine gute Halteposition.

[valueinvestor]

http://www.marketwatch.com/story/midway-gold-announces-terms…

In diesem Marktumfeld 15 Millionen einsammeln zu können würde die Qualität und das Potential der Liegenschaften anzeigen. Da Spring Valley bis auf weiteres von Barrick finanziert wird, können sie damit Pan weiterentwickeln.

Natürlich ist die Verwässerung zu diesen Preisen zum Heulen, aber die Freude über die Fähigkeit, 15 Mio einzusammeln, wo andere von der Hand in den Mund leben und sich mit Minirunden 1 oder 2 Monate Luft kaufen überwiegt.

[valueinvestor]

http://www.marketwatch.com/story/midway-reports-strong-progr…

Aug. 16, 2012, 7:45 a.m. EDT
Midway Reports Strong Progress at the Pan Gold Project, Nevada

DENVER, Aug 16, 2012 (BUSINESS WIRE) -- Midway Gold Corp. ("Midway" or the "Company") (mdw:TSX-V)(mdw:NYSE-MKT) today announced that engineering and permitting activities continue to advance at a rapid pace at its 100%-owned Pan heap leach gold project located in White Pine County, Nevada. Recent project development activities include:

-- Completion of the scoping phase of the federal permitting process, including public meetings. Base line studies are complete and JBR Environmental, a third-party consulting firm, is currently preparing a draft version of the Environmental Impact Statement (EIS).

-- Selection of Jacobs Engineering Group for front-end engineering of mine related infrastructure including project buildings, roads, electrical and water supply. Jacobs is one of the world's largest and most diverse providers of engineering, technical, and construction services. Forbes Magazine ranked Jacobs one of the top three engineering and construction companies in 13 of the last 14 years.

-- Acquisition of adequate water rights for mineral processing and completion of a production size water well and five monitor wells.

-- Completion of engineering for the heap leach pad and ponds by SRK Consulting.

-- Completion of engineering design and permitting for a new access road and selection of a contractor.

-- Selection of Summit Valley Technologies (SV), a division of FL Smidth, to provide gold recovery equipment for the processing plant. SV is a world-wide leader for supplying gold recovery equipment.

-- Ongoing large scale column tests to determine gold recovery amounts from larger size material which could reduce crushing requirements and lower capital costs.

-- Ongoing diamond drilling for crusher site characterization, reverse circulation drilling to test deep exploration targets, and follow-up condemnation drilling beneath proposed mine facilities.

Ken Brunk, Midway's President and CEO, commented, "We continue to make excellent progress in the development of Pan which will be our first producing gold mine. We have completed key milestones in our permitting process and selected high-quality engineering firms with significant experience in the construction of gold mines in Nevada. Midway's in-house engineers continue to optimize the mine plan and find ways to reduce capital and operating costs. I am very pleased with the progress being made on multiple fronts to advance Pan toward commercial production."

About the Pan Project

The Pan project is an oxidized, Carlin-style gold deposit mineable by shallow open pit methods and treatable by heap leaching. The project has a current Mineral Resource estimate of 1.13M oz of gold comprised of 579,000 oz gold in 37M tonnes of 0.49 gpt gold in the Measured category and 551,000 oz gold in 43M tonnes of 0.40 gpt gold in the Indicated category using a 0.14 gpt gold cutoff grade (NI 43-101 Technical Report; Sept. 1, 2011).

The Pan Project represents a US$99 million capital investment in an economically depressed part of Nevada (see Feasibility Study dated December 19, 2011). Once in operation, the Pan mine is projected to provide 145 workers with stable, high-paying jobs. In addition to direct employment, Midway expects the mine will have a multiplier effect by creating support jobs in the surrounding communities. A Feasibility Study was completed in November that shows the NPV (5%) of the project is robust at a range of gold prices, ranging from $123 million at $1,200/oz gold to $344M at $1,900/oz gold. The IRR grows from 32% to 79% using the same gold price range. Both are after-tax figures (see press release dated November 15, 2011).

Zuvor gute Bohrergebnisse von Spring Valley

Midway Reports Additional Long and High Grade Gold Intercepts at Spring Valley, Nevada
157 meters of 1.75 grams per tonne gold

http://www.marketwatch.com/story/midway-reports-additional-l…

für meinen Geschmack ein wenig zu viel smearing (kurze high grade Abschnitte zu langen low grade umrechnen, ansonsten schöne Fortschritte.

Ich bin gespannt, wie Barrick nach dem Strategieschwenk mit SV umgeht, wenn sie die Mehrheit an dem Projekt halten.

[valueinvestor]

Endlich kommt Midway in die Puschen.

News zu Pan und Gold Rock:

Midway Updates Progress at the Pan Project and Begins Core Drilling at the Gold Rock Project, Nevada

DENVER, Sep 10, 2012 (BUSINESS WIRE) -- Midway Gold Corp. ("Midway" or the "Company") CA:MDW +1.49% (nyse mkt:MDW) announces that engineering and permitting activities at the Pan heap leach gold project in White Pine County, Nevada are on schedule for start-up of production in mid-2014. Key milestones accomplished include:

-- A construction contract for a new access road has been awarded and is significantly less than the initial estimates. Construction of the road is scheduled to begin within the next few weeks.

-- The U.S. Army Corps of Engineers has confirmed that no surface waters are present at the Pan Project that fall under jurisdiction of Sections 401 and 404 of the Federal Clean Water Act.

Midway has also initiated a 20,000 meter drill program at its nearby Gold Rock Project with the goal to significantly expand and upgrade the current Gold Rock resource.

Ken Brunk, Midway's President and CEO, said, "I am happy to report this progress at Pan. Our primary focus is to move the Pan Project toward our scheduled 2014 production date. We are also advancing our nearby Gold Rock project toward production so we can create additional shareholder value by shortening time to production and capitalizing on a high gold price environment."

Pan Project

Jacobs Engineering Group has begun front-end engineering of mine-related infrastructure for the Pan project. In addition, construction is scheduled to begin within the next few weeks on a new access road from U.S. Highway 50 to the project. A construction contract for the road has been awarded and is significantly less than the initial estimates. Midway worked closely with the Nevada Department of Wildlife and the Bureau of Land Management to design the road to minimize impact on sage grouse habitats.

JBR Environmental continues to advance work on the Draft Environmental Impact Statement for Pan. Midway has completed the required public scoping meetings and is well into the environmental impact analysis of the Federal permitting process. The U.S. Army Corps of Engineers has confirmed that there are no surface waters at the Pan Project that fall under jurisdiction of Sections 401 or 404 of the Federal Clean Water Act. In addition, the proposed mining operations are entirely above the water table and have no projected impact on local ground water.

Gold Rock Project

An Environmental Assessment study for expanded drilling at Gold Rock has been completed and permits have been received. A core rig is now operating on the property and Midway will also commence reverse circulation (RC) drilling within the next two weeks. The drilling program, designed to support production start-up in 2016, will consist of approximately 20,000 meters of core and RC drilling designed to significantly expand and upgrade the current Gold Rock resource. A new resource estimate will be included in a Preliminary Economic Assessment, which is scheduled for completion in the first quarter of 2013. In anticipation of mine permitting, two seasons of baseline biology and archeology fieldwork have been completed at Gold Rock. These data will be used in the environmental analyses of a mining Plan of Operations.

http://www.marketwatch.com/story/midway-updates-progress-at-…

sowie zum ersten Mal seit ewigen Zeiten eine Präsentation mit eindeutigen Zielformulierungen: Produzent 2014!

http://www.midwaygold.com/i/pdf/presentation.pdf

[valueinvestor]

es sind ja ca 6 Mio Aktien short Midway, das ist eine Menge Treibstoff.

Der Chart sieht wieder ganz passabel aus:

[valueinvestor]

Mit der Ankündigung eines Zeitplans für Pan und Gold Rock, gepaart mit insider Käufen
http://canadianinsider.com/node/7?menu_tickersearch=mdw

kommt jetzt deutlich Musik in den Kurs, heute ein Ausbruch aus der jüngsten Konsolidierung.

Midway Gold's three Nevada projects each have "company maker" potential, says Stonecap Securities

http://www.proactiveinvestors.com/companies/news/35616/midwa…

[valueinvestor]

Gestern hat Midway einen Preliminary short form prospectus auf Sedar veröffentlicht, über den es sich mit bis zu 90 Millionen $ finanzieren will.

Die Pan Capex liegt übrigens bei 99 Mio.

Ich finde es höchst erfreulich, dass die Börse hier nicht aus Angst vor Verwässerung kneift sondern die Aktie freudig hochkauft.
Mit der Ansage, 2014 in Produktion zu gehen ist die Latte jedenfalls gelegt.

[sir_krisowaritschko]

wobei eine KE zu kursen von 1,6 us dollar aktien von ca. 56.250.000 notwendig machen würde.
ausgehend von den aktuellen 127 millionen aktien wäre das eine verwässerung von über 40 prozent.

eine kreditfinanzierung wäre mir bei den knapp 100 mille lieber.

[valueinvestor]

Leider sind die Konditionen für Finanzierungen extrem schlecht, der Deal von Colossus mit Sandstorm war so ein Beispiel, einen Streamer sollte man unbedingt auch im Depot haben. Eine Fremdfinanzierung wäre aber sicherlich wünschenswert, zumal der Payback Zeitraum extrem kurz wäre und mithin der Zins nicht so durchschlägt.

Jedenfalls liegen jetzt alle Optionen auf dem Tisch und nach einer ziemlich langen Schnarchphase stehen jetzt eine Menge Entscheidungen an, und das bietet Chancen.

[sir_krisowaritschko]

steht da schon was über die konditionen drinne?
hab so auf die schnelle beim überfliegen diesbezüglich nichts gefunden.

[valueinvestor]

Antwort auf Beitrag Nr.: 43.731.208 von sir_krisowaritschko am 19.10.12 15:42:41

nee, das ist so eine Art Vorratsbeschluss, sie können dann jederzeit Massnahmen bis zur Maximalhöhe durchführen.

[valueinvestor]

Leider war der Ausbruch ein Fehlsignal und der Wert ist wieder in das relativ enge Band zurückgefallen. Jeder weitere Ausbruch über 1,75 oder unter 1,55 hätte jedoch Signalwirkung.
In der letzten Haussephase war Midway eine der besten Aktien der Branche und lief von Werten unter 50 Cent auf 3$. (siehe auch Posting No 29)

[sir_krisowaritschko]

wat is denn hier los?
nachrichten konnt ich keine finden.
analystenbericht ist, soweit ich das nachvollziehen kann, auch keiner veröffentlicht worden.

liegts am finanzbericht?

valueinvestor hast du ne idee? bin bei midway noch nicht 100 pro drinne und kann da so ausm stand nix rauslesen was da nicht rein darf!

[sir_krisowaritschko]

könnten eventuell die weit ins geld gelaufenen warrants sein die in aktien gewandelt wurden.

allein im september wurden laut quartalsbericht ca 1.550.000 warrants zu kursen um die 0,8 cad in aktien gewandelt. die werden wohl nun über den markt veräußert.

[valueinvestor]

trading halt!!

[valueinvestor]

so kurz vor einem Feiertag, mit dem rasanten Kursrückgang gerade zuvor - riecht das eigentlich nach bad news. Andererseits hat Ken Brunk zuletzt recht ordentlich dazugekauft, so etwa 50k.

hmmm, da eine Finanzierung nicht ansteht, liegt es eigentlich nahe, dass es um Spring Valley und das JV mit Barrick geht.

[valueinvestor]

http://www.marketwatch.com/story/midway-gold-announces-us70-…

wow, 70 Millionen Finanzierung mit preferred shares - jetzt geht es ab in die Produktion!

[valueinvestor]

Midway Drills 106.7 Meters of 1.23 gpt Gold at the Gold Rock Project, Nevada

Denver, CO US, Jan 07, 2013 (Filing Services Canada via COMTEX) -- Midway Gold Corp. (MDW - TSX Venture, MDW - NYSE-AMEX), ("Midway" or the "Company")is pleased to announce drill results from its Gold Rock project, White Pine County, Nevada, which have identified several new zones of mineralization. Drilling highlights include:

* GR12-01c 83.3 meters of 0.89 grams per tonne (gpt) including

1.2 meters of 3.53 gpt and 1.5 meters of 5.10 gpt

* GR12-02c 9.1 meters of 3.26 gpt

* GR12-03c 114.0 meters of 0.58 gpt

* GR12-17 106.7 meters of 1.23 gpt including

1.5 meters of 4.90 gpt

1.5 meters of 7.44 gpt and

3.0 meters of 3.77 gpt

"Drilling at Gold Rock continues to confirm historic drill results. Additionally, step-out holes have been successful in identifying new extensions to the current gold mineralization with the goal of expanding the resource ahead of developing the mine plan at Gold Rock and beginning the formal permitting process. Our geologists have also identified a large number of nearby targets that warrant further drilling to test for additional upside potential," commented Ken Brunk, President & CEO of Midway. "The Company anticipates that Gold Rock will be the next project in our portfolio to go into production, following the construction and start-up of the Pan project."

Midway currently has one RC rig operating on the Gold Rock property. Table 1 lists previously unreleased drill results completed at Gold Rock. The Company has completed 11,872 meters of RC drilling and 1,634 meters of core drilling thus far in 2012. An additional 6,084 meters of RC is planned and drilling may extend into the beginning of 2013. Figure 1 shows the locations of drill holes listed in Table 1 in relation to the current Gold Rock resource estimate, while Figures 2-3 demonstrate representative intercepts in cross-section.

Table 1. Drill intercepts, Gold Rock Project, White Pine County, Nevada

 --------------------------------------------------------

         Hole ID    From    Interval  Gold grade  Estimated True

                    (m)       (m)      (gpt)      Thickness(m)

        

         -------------------------------------------------------

        GR12-01C   46.3       5.8       0.24          unknown

        --------------------------------------------------------

                   60.4       9.4       0.27          unknown

        --------------------------------------------------------

                  135.3      83.3       0.89           27.4

        --------------------------------------------------------

          Including           1.2       3.53

        --------------------------------------------------------

          Including           1.5       5.10

        --------------------------------------------------------

        GR12-02C   19.8       9.1       3.26          unknown

        --------------------------------------------------------

          Including           3.0       9.12

        --------------------------------------------------------

                   41.1      24.4       0.24

        --------------------------------------------------------

        GR12-03C    3.0       4.6       0.14          unknown

        --------------------------------------------------------

                   21.3      19.8       0.41           16.8

        --------------------------------------------------------

                   51.8     114.0       0.58           16.8

        --------------------------------------------------------

        GR12-04    86.9      10.7       1.03           10.7

        --------------------------------------------------------

        GR12-05C  Assays Pending

        --------------------------------------------------------

        GR12-06   105.2      15.2       0.48           15.2

        --------------------------------------------------------

        GR12-07   103.6      10.7       0.48           10.7

        --------------------------------------------------------

                  137.2      25.9       0.69          unknown

        --------------------------------------------------------

                  192.0       7.6       0.21           10.7

        --------------------------------------------------------

        G12-08    108.2      15.2       0.93           15.2

        --------------------------------------------------------

                  129.5       4.6       0.14          unknown

        --------------------------------------------------------

                  169.2      12.2       0.45           10.7

        --------------------------------------------------------

        GR12-09   No Significant Intercepts

        --------------------------------------------------------

        GR12-10   No Significant Intercepts

        --------------------------------------------------------

        GR12-11   187.5      18.3       0.45          unknown

        --------------------------------------------------------

        

        GR12-12C  106.7   4.6           0.14           unknown

        --------------------------------------------------------

                  141.4  78.3           0.58           36.6

        --------------------------------------------------------

                  298.4  11.3           0.38           10.7

        --------------------------------------------------------

        GR12-13   175.3  32.0           0.93           18.3

        --------------------------------------------------------

        Including         1.5           4.46

        --------------------------------------------------------

        GR12-14   178.3  29.0           0.24           29.0

        --------------------------------------------------------

        GR12-15   246.9  12.2           0.45           18.3

        --------------------------------------------------------

        GR12-16   No Significant Intercepts

        --------------------------------------------------------

        GR12-17    76.2 106.7           1.23           18.3

        --------------------------------------------------------

        Including         1.5           4.90

        --------------------------------------------------------

        Including         1.5           7.44

        --------------------------------------------------------

        Including         3.0           3.77

        --------------------------------------------------------

                  187.5  19.8           0.55           18.3

        --------------------------------------------------------

        GR12-18   No Significant Intercepts

        --------------------------------------------------------

        GR12-19   No Significant Intercepts

        --------------------------------------------------------

        GR12-20   185.9  24.4           0.65           21.3

        --------------------------------------------------------

        GR12-21   187.5  16.8           0.75           15.2

        --------------------------------------------------------

        GR12-22C  Assays Pending

        --------------------------------------------------------

        GR12-23C  Assays Pending

        --------------------------------------------------------

        

        GR12-24   Assays Pending

        --------------------------------------------------------

        GR12-25C  Assays Pending

        --------------------------------------------------------

        

        GR12-26   Assays Pending

        --------------------------------------------------------

        

        GR12-27   Assays Pending

        --------------------------------------------------------

        

http://www.marketwatch.com/story/midway-drills-1067-meters-o…

Die echte Dicke der Mineralisierung relativiert die Überschrift ein wenig, aber das Projekt dürfte sich gut weiter entwickeln.

[valueinvestor]

Western Pacific sells Meridian Ridge Project to Midway Gold

VANCOUVER, Jan. 16, 2013 Western Pacific Resources Corp. (WRP - TSXV) is pleased to announce that it has sold its Meridian Ridge claims to Midway Gold Corp. (MDW - TSXV) for US$500,000. The Meridian Ridge claims are located 30 miles southeast of Eureka, Nevada along the southern extension of the Battle Mountain/Eureka Trend in the northern end of Railroad Valley (White Pine County). Midway's Pan Project is located 9.8 miles to the northwest of the claim block.

http://www.marketwatch.com/story/western-pacific-sells-merid…

Über Meridian Ridge
http://www.westernpacificresources.com/s/MeridianRidge.asp


Meridian Ridge

Location

Western Pacific's Meridian Ridge property is located 30 miles southeast of Eureka, Nevada along the southern extension of the Battle Mountain/Eureka Trend in the northern end of Railroad Valley, White Pine County, Nevada. The Meridian Ridge area lies approximately one mile southwest of the previously mined Nighthawk Ridge Deposit (Easy Junior) which contained a mineable geologic reserve of 176,500 ounces of gold in July of 1989.

Geology

The geology of the Meridian Ridge area consists of Upper Devonian through Mississippian interbedded limestones, shales and conglomerates. The oldest unit exposed in the Meridian Ridge area is the dark olive-gray, massive bedded Devils Gate Limestone. Stratigraphically overlying the Devils Gate is the Pilot Shale. This unit consists of black, interbedded shale and siltstone and is increasingly calcareous near its contact with the Devils Gate.

Overlying the Pilot is the Joana Limestone. This unit is divided into a lower sandstone unit and an upper limestone unit. It is at the contact of the Joana Limestone and the overlying Chainman Shale that most of the silicification/jasperoids have developed along Meridian Ridge. This silicification is the result of fluids migrating up the southern continuation of the Nighthawk fault which strikes parallel to the ridge and dips 80° to the west. This structure is the primary conduit for localizing the mineralization at the Nighthawk Ridge deposit and can be traced in outcrop for five miles to the south of the deposit along Meridian Ridge.

Structure

The Eureka thrust belt is characterized by four east directed thrust sheets in the Meridian Ridge area. The following four thrusts lie (from bottom to top) in the Meridian Ridge area:

The Green Springs thrust which was first mapped by Humphrey in 1960. It outcrops a couple of miles east of the property area where it places Devonian carbonates on top of Mississippian Chainman Shale and Diamond Peak Formation.
The Easy Ridge thrust which is the range bounding structure located approximately one mile east of Meridian Ridge. It also places Devonian carbonates on top of Mississippian Diamond Peak Formation.
The Meridian Ridge thrust outcrops in the area of JR's claim block and forms the eastern edge of Meridian Ridge. It appears to disappear on the northern end of the ridge, however, a footwall splay continues northward where it places Mississippian Joana over Chainman Shale.
The Duckwater thrust is located west of the claim block and places Devonian carbonates over Diamond Peak Formation and locally Pennsylvanian Ely Limestone.

Mineralization

At the Nighthawk Ridge deposit the principal host rocks containing gold mineralization are the lower portion of the Mississippian Chainman Shale (75%) and the Joana Limestone (25%). The Pilot Shale, which hosts several gold deposits in White Pine County, and elsewhere, is reported to contain little or no gold mineralization at the Nighthawk Ridge deposit. All three units are exposed on Meridian Ridge and all three units contain significant silicification and alteration locally. During 1984-1985, Santa Fe Minerals drilled 16 holes in the area of which several were on the north end of Meridian Ridge (called Easy Junior Ridge by Santa Fe). Santa Fe encountered narrow intercepts of gold mineralization with the best hole containing 45 feet of 0.059 opt (Sirius Exploration Summary Report, Feb 2008). Follow-up drilling on this intercept, and style of mineralization, was not done since the target style they were after was mineralization in the lower Pilot Shale.

Historic Work

Gold, silver, lead, zinc and molybdenum exploration and mining have taken place around the Mount Hamilton area located 9.4 miles northeast of the Meridian Ridge area. Carlin-style gold mineralization has been mined at Nighthawk Ridge located one mile to the north and at Green Springs located 6.9 miles to the east. Recently, Midway Gold has been drilling out the Pan deposit located 9.8 miles to the northwest of the claim block. To date Western Pacific has completed geologic mapping, 1,037 soil samples and minor rock chip sampling over the 58 claim block. Additional rock chip sampling is warranted.


------------------------
Midways Interesse dürfte nicht die in der News genannte Nähe zu Pan sein, sondern die Nachbarschaft zu Midways Gold Rock, welches identisch mit der in der Beschreibung erwähnten easy junior Mine in einer Meile Entfernung.
Wahrscheinlich ein geschickter Zug, mit der Exploration auf Gold Rock hat man sicher den ein oder anderen Hinweis auf das Gebiet. Nach den Karten im letzten Report, dürften die Claims eventuell sogar direkt aneinandergrenzen. Gustavson empfahl step out drilling in den Meridian Flats, jetzt kann man auch in der Meridian Ridge arbeiten.
http://www.midwaygold.com/i/pdf/GoldRockResourceApril2012.pd…

Mit der Arbeit von Kenneth A. Brunk bin ich sehr zufrieden. Seit er das Steuer in der Hand hält, geht es wirklich kräftig voran. Auch seine trockenen hemdsärmeligen Präsentationen gefallen mir.

[valueinvestor]

http://www.marketwatch.com/story/midway-completes-gold-rock-…

April 2, 2013, 7:45 a.m. EDT
Midway Completes Gold Rock Plan of Operations, White Pine County, Nevada
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Denver, CO US, Apr 02, 2013 (Filing Services Canada via COMTEX) -- Midway Gold Corp. (MDW - TSX Venture, MDW - NYSE - Amex),announces completion and filing of a Plan of Operations (PoO) for the Company's second project, Gold Rock. The PoO for Gold Rock, submitted to the Bureau of Land Management (BLM) on March 21st, 2013, has been accepted as complete, and officially begins the project's Environmental Impact Statement (EIS) process. Gold Rock is scheduled to be the Company's second operating gold mine and is currently targeted for production in 2016.

Ken Brunk, Midway's President & CEO, stated, "We are moving forward at Midway. We are building a mining company. Initiating the permit process at Gold Rock is part of our strategy of developing a pipeline of projects leading to future production. We want to leverage the experience gained from permitting the Pan project along with the relationship we've developed with the Ely BLM office. Our first priority remains getting our Pan project into production near term. We are positioning Gold Rock to be our next mine after Pan."

Gold Rock Project - Nevada

Gold Rock, 8 km southeast of Midway's Pan project, appears to contain similar host rocks and styles of gold mineralization. The Gold Rock project is a Carlin-style gold deposit and the resource is open in all directions. Drill results from 2012-13 drilling will be incorporated into a new resource update later this year. There is considerable expansion potential with numerous exploration targets along a 12 km, favorably mineralized trend.

The Company expects the Gold Rock Mine will be similar to the planned operations at Pan. The Pan project is currently in an advanced stage of permitting and a Record of Decision from the BLM is expected in the fourth quarter of 2013. Pan will be a shallow open pit, heap leach mine in White Pine County, Nevada. Once in operation, Pan is projected to employ about 150 workers. The Pan project, scheduled to be the Company's first operating mine is targeted for production in mid-2014. Pan's draft EIS was published by the BLM on March 22nd is currently in a 45-day public comment period.

Stock Options Granted - On March 11th, 2013, the board granted non-qualified and incentive stock options on a total of 2,545,000 shares of Midway's common stock to directors, employees and consultants pursuant to Midway's shareholder-approved combined incentive and non-qualified stock option plan. The options are exercisable for up to five years at a price of C$1.15 per share being the last closing price of Midway's common shares when the options were granted.


Zum Glück ist Midway solide durchfinanziert und braucht den Markt nicht. Nach allen Erfahrungen wird sich die Eröffnung von Pan evt verzögern - welche Mine geht schon planmäßig an den Start?

[valueinvestor]

May 9, 2013, 7:45 a.m. EDT
Midway Announces Close of Public Comment for Pan Draft EIS

Denver, CO US, May 09, 2013 (Filing Services Canada via COMTEX) -- Midway Gold Corp. (MDW - TSX Venture, MDW - NYSE - Amex), announces the public comment period for the Draft Environmental Impact Statement (EIS) on the Pan Project is complete. The comments received by the BLM were overwhelmingly positive and in support of the mine plan.

"The Pan project is on track for a final Record of Decision in the fall of 2013. We were very pleased by the enthusiastic support for Midway from families, individuals and the business community both at the local and regional level," said Ken Brunk, Midway's President and CEO. "Midway is proud to be working in Ely and White Pine County, Nevada and is excited to be building our business in an area eager for investment."

Permitting Status at Pan

The BLM published the Draft EIS for Pan in the Federal Register on March 22nd. The EIS for Pan is conducted under the National Environmental Policy Act (NEPA). The required public comment period ended on May 6th. Public comments will be addressed and incorporated in the Final EIS. Figure 1 shows the NEPA progress to date and steps remaining to a Record of Decision.

Figure 1. Pan Permitting Calendar



Pan Gold Project, Nevada - The Pan Project represents nearly a US$100 million capital investment in a part of Nevada that welcomes new investment and associated economic opportunities (see Feasibility Study dated December 19, 2011). Once in operation, the Pan mine is projected to provide 150 workers with stable, high-paying jobs. In addition to direct employment, Midway expects the mine will have a multiplier effect by creating support jobs in surrounding communities.

Geologically, the Pan project is an oxidized, Carlin-style gold deposit mineable by shallow open pit methods and treatable by heap leaching. A Feasibility Study was completed in November 2011. It shows the NPV5% of the project is robust at a range of gold prices, ranging from $123 million at $1,200/oz gold to $344M at $1,900/oz gold. The IRR grows from 32% to 79% using the same gold price range. Both are after-tax figures (see press release dated November 15, 2011).

Figure 2. Pan Gold Project Feasibility Projections (After Tax)















        

        

        ------------------------------------------------------

        Gold Price  $1,200/oz  $1,550/oz  $1,725/oz  $1,900/oz

        ------------------------------------------------------

        NPV5%         $123 mm    $235 mm    $290 mm    $344 mm

        ------------------------------------------------------

        IRR               32%        56%        67%        79%

        ------------------------------------------------------

        Payback       2.6 yrs    1.7 yrs    1.4 yrs    1.2 yrs

        ------------------------------------------------------

        

        

        

This release has been reviewed and approved for Midway by William S. Neal (M.Sc., CPG), Vice President of Geological Services of Midway, a "qualified person" as that term is defined in NI 43-101.

http://www.marketwatch.com/story/midway-announces-close-of-p…

Hier läuft alles planmäßig weiter, auch Barrick erreicht seine Vorgaben zum earn in auf Spring Valley vor der Zeit. So kann man den melt down der Branche hier gemütlich aussitzen und die Kurse für den Moment ignorieren.

[Boersenkrieger]

bei fully diluted shares ist die marktkap 150 mios usd.
das projekt ist klein, npv grad mal 130-140 rum also unter der marktkap.
sie dürften es hinkriegen und es dürfte wirtschaftlich sein.
sehe kaum probleme. die frage ist nur bei einem so kleinen projekt warum der kurs steigen soll ?
mal angenommen alles klappt steht ein kgv von vielleicht 10. weitgehend ok. mehr auch nicht.
30-40% kann sie laufen aber das dürfte es gewesen sein.

[boersenbrieflemming]

Midway Gold Corp. downgraded to “sell” from “speculative buy” with the target cut to 70 cents (Canadian) from $1.65. The average target is $1.56.

http://www.theglobeandmail.com/globe-investor/inside-the-mar…

[valueinvestor]

Midway Gold - Cheap Gold In Nevada

Annual Cash Flow Pan @ 1300$ Gold

32 Millionen Dllar

http://seekingalpha.com/article/1551922-midway-gold-cheap-go…

[Boersenkrieger]

Zitat von boersenbrieflemming: Midway Gold Corp. downgraded to “sell” from “speculative buy” with the target cut to 70 cents (Canadian) from $1.65. The average target is $1.56.

http://www.theglobeandmail.com/globe-investor/inside-the-mar…

70 cents ist schon hart
aber da kann value pushen wie er will und komplett alle anderen minenwerte schlechtmachen.

Midway hat gute chancen in produktion zu gehen mit ihrem mini-projekt. aber eine dermassen hohe marktkap von weit über 100 mios cad ist übertrieben.

alles eine frage der bewertung, auch wenn midway dafür sicher ist.
einer der sichersten goldwerte überhaupt.

[valueinvestor]

nun, ich finde zwei eigene Assets mit eventuell zusammen 2 Mio Unzen bis 2017 in Produktion zu bringen und ein JV mit Barrick (zuletzt 361m @ 1,47g Gold) mit 4 Millionen, evt sogar 5 Mio Unzen dazu noch Golden Eagle mit 1,9 Mio Unzen @ 1,8 g - das geht zusammen gegen 5,5 Mio Unzen (anrechenbarer Anteil JV 25%), und für Spring Valley muss Midway keinen Finger mehr krumm machen. Barrick braucht auch unbedingt mal ein Erfolgserlebnis...
So eine Ressourcenbasis haben die wenigsten.

[boersenbrieflemming]

ihrem mini-projekt

Die Betonung liegt hier halt auf mini.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 45.073.889 von valueinvestor am 18.07.13 20:29:53

trotzdem ist die marktkap hoch genug.
insgesamnt wird der sektor ohnehin erstmal für die masse uninteressant bleiben. das wird ein langer weg.
schenkt sich vermutlich alles nicht viel... kostengünstige projekte sind relativ hoch bewertet s. auch lydian und golden queen wo ich drin bin.
ein seitwärts reicht mir für 2 jahre so kann man weiterhin zukaufen.
auch midway gefällt mir natürlich sehr gut. ich sehe auch bei den beiden genannten erstmal kein potenzial.

bzgl. goldpreis bin ich aber bullish aufgrund der kostenprobleme un wenig wirtschaftlicher assets in der jetzigen lage.

[boersenbrieflemming]

Auch wenn mir die Rahmendaten gefallen, seitens der MK ist MDW schon üppig bewertet. Die Kurse knapp unter 3 CAD als dieser Thread ins Leben gerufen wurde, die sehe ich hier in absehbarer Zeit nicht, das Projekt ist einfach zu klein und das Potential zu gering - bis hier eine Mine steht (davon gehe ich aus), werden noch Series B, C, D, etc.pp. " Zu unschoenen Konditionen gedruckt".

Denkt mal darueber nach,

BL

[valueinvestor]

Meiner Meinung nach sollten hier folgende News anstehen:

Mine Permit für Pan, evt. noch in diesem Jahr.
Ressourcenupdate für Spring Valley mit dann evt 5 Mio Unzen Gold
Schön wäre es, wenn von Barrick Details einer internen scoping Studie bekannt würden. In der Folge Produktionsentscheidung Spring Valley.
Bohrergebnisse zu Gold Rock, Ressourcen Update

Midway hat 2017 vielleicht drei Minen am Laufen. Das ist schon was anderes, als von anderen ausgelutschte Properties in Siebtverwertung durchs Dorf zu treiben zu versuchen und dafür von niemandem mehr Geld zugesteckt zu bekommen, gell?

[valueinvestor]

July 30, 2013, 7:45 a.m. EDT
Midway Updates Progress at Pan Project, Nevada

DENVER, Jul 30, 2013 (BUSINESS WIRE) -- Midway Gold Corp. (tsx and nyse-mkt:MDW) (the "Company") reports that the Company's Pan heap leach gold project ("Pan") is on schedule for construction in Q4 2013 and production in 2014. Permitting, financing, and engineering optimization continue to advance on schedule. For the financing discussions, an updated feasibility study will incorporate optimization and detailed engineering conducted after the November 2011 Feasibility. The revised FS with updated costs is expected in Q3.

A Message from Ken Brunk - Chairman, President and CEO of Midway

Time flies when one is busy! It has been several months since we have updated our shareholders and other interested followers of Midway on our activities and progress. We have been extremely busy permitting, updating the Pan project technical and financial information, evaluating details within the heap leach operating parameters, conducting a trial blast to get rock breakage and powder factor confirmation, performing additional large scale, 25-ton leach tests, optimizing the mine plan and dig plans, re-evaluating the operating costs, re-visiting the capital costs, improving the construction plan and schedule, performing in-depth risk analyses of every aspect of the project and examining financing alternatives for the balance of funding needed to bring the project to production in August of 2014.

You might ask, "Why all this activity for a project with already impressive economics?" The answer is simple; it is our goal to optimize our cost parameters in order to deliver better returns to our shareholders, especially in the current environment.

The most significant event for Midway will be the creation of profitable cash flow from the Pan Mine. Planning for the creation of this cash flow stream began over three years ago with the design of a plan to develop the Pan project into a producing facility. We have been operating on that plan since April 2010. We are within three weeks of that original schedule and production for Pan is within six weeks of the original target. That does not mean that every internal segment of the schedule has seen no variance; it does mean that the overall schedule has been managed such that we expect to pour gold in August of 2014. I believe that such performance speaks well for the team.

We will issue an updated feasibility study and an updated 43-101 Technical Report on the results of our work in the coming weeks. I am confident that the update will provide a level of comfort that Pan remains a good project. The attributes of nearby infrastructure, easy mining, simple metallurgy, solid engineering, a seasoned operating team and 60 plus million dollars in the bank all contribute toward the project's success. Let's discuss some of the aspects of the project in a bit more detail.

Permitting

We are still on our schedule for the achievement of a favorable record of decision in September of this year. That schedule allows construction to commence in October. The BLM's third party contractor is currently addressing comments and responses received from the Draft Environmental Impact Statement (EIS) public comment period. These comments will be included in the Final EIS. Major permits received to date include the Water Pollution Control permit and the Class I Air Quality Operating Permit to Construct. While Midway anticipates no Mercury emissions, a Class I Operating Permit to Construct: Mercury is required and is expected to be complete in the near future.

Metallurgical Test Work & First Blast at Pan

Post-feasibility metallurgical test work at Pan has focused on ways to reduce the number of stages of crushing needed thereby delaying the crusher capital expenditures. Large column tests on bulk samples showed excellent gold recoveries from coarse materials. The preliminary results indicate that gold recoveries are less sensitive to crush size than was outlined in the 2011 Feasibility Study. In June of this year, the Company conducted the first blast at Pan to obtain material for tests of Run of Mine potential. This also provided a test of the blast pattern, powder factor, and sampling procedures planned for use during initial mining. The Run of Mine metallurgical testing is still in progress.

Pan Project Financing Update

Midway is pursuing a combination of project and equipment financing alternatives, and has received proposals from several major commercial funding sources. The Company has been working with its financial advisors to assess the amount of financing needed and the various options available in the current market to secure the remaining capital necessary to fund Pan to cash flow. The current finance plan does not consider issuing additional equity that would dilute current shareholders. Accordingly, Midway terminated the September 23, 2011 "At-the-Market" share issuance program effective July 29, 2013.

Pan Updated Feasibility

The company is updating the 2011 Pan Feasibility Study for use in financing negotiations and in forward planning for internal purposes. The update will incorporate post-feasibility optimization changes to the mine plan and will bring feasibility costs up to date. The project timeline for Pan is still on track for Q4 construction and production in 2014.

This release has been reviewed and approved for Midway by William S. Neal (M.Sc., CPG), Vice President of Geological Services of Midway, a "qualified person" as that term is defined in NI 43-101.

ON BEHALF OF THE BOARD

"Kenneth A. Brunk"

http://www.marketwatch.com/story/midway-updates-progress-at-…

Ken Brunk macht einen unheimlich guten Job. Seit er die Führung des Ladens übernommen hat, ist hier echter Drive drin.

Also die Ansage steht: In einem Jahr wird das erste Gold gegossen.
Gut auch die neuerliche FS, sicherlich wird sich auch dieses Projekt der allgemeinen Preissteigerungstendenz nicht entziehen können, die Daten zur Rentabilität sollten aber robust bleiben.

[valueinvestor]

2 Nachrichten von Midway

zuerst war vor 2 Wochen Bekanntgabe von Barricks Bohrergebnissen auf Spring Valley:

Midway Reports Excellent Q2 Drill Results at Spring Valley, Nevada

Denver, CO US, Sep 04, 2013 (Filing Services Canada via COMTEX) -- Midway Gold Corp. (MDW - TSX, MDW - NYSE-MKT),("Midway" or the "Company"), announces that Barrick has completed their planned 2013 drilling program ahead of schedule at the Spring Valley Project in Nevada. Barrick Gold Exploration Inc. ("Barrick") is earning into the project. Development drilling, designed to upgrade the quality of the resource, continued to produce excellent intercepts. Assay results are still pending for 20 of the holes reported here. Recent drilling highlights include:

SV13-625

o 113 meters of 4.53 grams per tonne (gpt) gold including 9 meters of 15.81 gpt gold, 18 meters of 9.5 gpt gold and 8 meters of 12.86 gpt

o 102 meters of 3.15 gpt gold including 1.5 meters of 62.19 gpt gold and 1.5 meters of 46.80 gpt gold

SV13-629

o 56 meters of 1.51 gpt gold including 1.5 meters of 27.7 gpt gold

o 55 meters of 1.10 gpt gold including 1.5 meters of 5.45 gpt gold

SV13-630

o 32 meters of 1.41 gpt gold

SV13-633

o 53 meters of 0.99 gpt gold including 1.5 meters of 6.03 gpt

o 21 meters of 1.3 gpt gold including 1.5 meters of 9.43 gpt gold

o 58 meters of 0.75 gpt gold including 1.5 meters of 9.29 gpt gold

SV13-640

o 23 meters of 1.41 gpt gold

o 20 meters of 1.41 gpt gold including 1.5 meters of 9.36 gpt gold

SV13-646

o 34 meters of 1.03 gpt gold including 1.5 meters of 6.27 gpt gold and 1.5 meters of 6.48 gpt gold

o 90 meters of 1.41 gpt gold including 1.5 meters of 8.85 gpt gold and 1.5 meters of 8.88 gpt gold

Table 1 lists Spring Valley's drill results for the second quarter as calculated by Midway from Barrick's data. The map below in Figure 1 shows locations for drill holes listed in Table 1.

Development Drilling

The 2013 drilling program is complete for the year with a total of 11,996 meters in 24 RC holes and 8,840 meters in 26 core holes. Development drilling in the resource area is focused on upgrading the quality of the resource for future reserve calculations. Additional expansion potential remains at depth and to the north of the deposit.

Earn-In

Barrick reported in April that they had exceeded the cumulative expenditure requirement of $30M to earn a 60% interest in the property. They also exercised their option to spend an additional $8 million to earn a 70% interest. At the current rate of expenditure, Midway continues to anticipate that Barrick will complete the cumulative expenditure of $38 million to earn a 70% interest in the project by the end of 2013.

meine Einschätzung: Das Projekt läuft gut, fraglich ist, ob und wann Barrick zu einer Produktionsentscheidung kommt. Spring Valley ist auf jeden Fall ein heißes Eisen im Feuer.
http://www.marketwatch.com/story/midway-reports-excellent-q2…

dann heute die wichtigere News:

Impressive Run-of-Mine Test Results at Midway's Pan Project, Nevada

Sep 17, 2013 (Filing Services Canada via COMTEX) -- Impressive Run-of-Mine Test Results at Midway's Pan Project, Nevada

Denver, Colorado - Midway Gold Corp. (mdw:TSX)(mdw:NYSE-MKT)("Midway" or the "Company") reports positive preliminary results from metallurgical test work on run-of mine (ROM) bulk samples at Pan. Observed gold recoveries of 92% after 58 days indicate gold recovery of the South Pan ore is not sensitive to crush size. These metallurgical results suggest the South Pan ore can be processed with ROM leaching and that a crusher installation and spend at Pan can be deferred for at least 18 to 24 months.

Ken Brunk, President and CEO of Midway states, "We are very excited by these new ROM test results. We saw indications in the 2010 pre-feasibility and 2011 feasibility column testing of South Pan ores that gold recovery seemed insensitive to crush size. However, due to permitting constraints we were unable to begin comprehensive ROM test work. Therefore, we elected to include crushers in the initial project, as we will need them for the North Pit ore regardless of South Pit design factors.

Since the November 2011 feasibility, we have continued to permit and test bulk samples of larger and larger particle size with favorable results. Our permitting team obtained permission from the BLM to conduct a trial blast in July at South Pan from which we could obtain true ROM ore for testing. Representative samples of the blasted ore were sent to Kappes-Cassidy & Associates (KCA) laboratories in Reno for leaching in large columns to simulate a ROM leaching operation. The duplicate 4 feet diameter columns are stacked with approximately 20,000 pounds of ROM ore each to a height of 15 feet and have already resulted in a gold recovery of 92% at 58 days. These excellent leaching results and leach kinetics are due to the fact that the rock is porous and permeable. In other words, the rock readily allows the leach solution to flow through the ore and to easily dissolve the gold.

The results of the large column tests lead the project team and management to conclude that ROM leaching is a viable option for South Pan. The excellent extraction of gold from the large-scale bulk sample also supports retaining the 85% recovery that is now confirmed by all the detailed test work to date. The size analysis of the large column test feed material is consistent with, and perhaps a bit coarser, than that from my experience with other ROM leaches on Carlin style formations. Midway will work with these large column results and use them to further refine our Pan project. Continued optimization of the mine plan will occur to ultimately dictate when the crushers will be needed."

Test Details

Figure 1 below is a graph showing the gold recoveries from feasibility study and pre-feasibility study metallurgical test work. It shows that the percent gold recovery is essentially the same for particle sizes from one-half inch in size to 7 inches in size. These results were obtained from column leaching of drill core and from bulk samples gathered from backhoe-dug trenches on site.

Figure 2 shows the current in-progress gold recovery from the ROM tests that are being run at KCA labs. These tests are still leaching and will remain for approximately another 60 days to allow for the collection of additional design information. The particle size of the ore in the test columns ranges from 24 inches to less than 0.1 inches. The P-80 is 7.3 inches. This means that 80% of the ore is 7.3 inches or less in size. Also, only 15% the rock in the test columns is less than 0.1 inches. Test results are preliminary and final results could vary once final tailings are assayed.

Other Project Updates

The Pan project is in the final stages of the NEPA process. A Record of Decision is expected before year-end, which will be followed 30 days later by construction. Midway is targeting startup of operations in the third quarter of 2014.

Midway has engaged Sierra Partners as a financial advisor to evaluate and guide the Company in putting in place the balance of the financing needed to construct the Pan project. At the end of the second quarter the Company had a cash position of $65.8M and expects to have the remaining financing in place by year-end.


http://www.marketwatch.com/story/impressive-run-of-mine-test…


- Keinen Crusher für Teile des Projekts, einfach die Steine sprengen, 7 Inch große Brocken reichen völlig für den Minenbetrieb in den ersten Monaten - das ist phantastisch für die pay back Periode.
Bald wird es ein FS Update geben, sicher wird sich auch hier der allgemeine Trend zu Kostensteigerungen bemerkbar machen.
Pan wird jedoch 2014 in Produktion gehen - das schaffen die allerwenigsten Explorer und das ist eine klare Ansage des Managements.

[valueinvestor]

Mittlerweile hat Barrick - ein Jahr vor Fristablauf! - die notwendigen Summen investiert, um den Anteil an Spring Valley auf 70% zu erhöhen.

Heute dann ein weiterer Meilenstein für das Pan Projekt:


Midway Gold - Final Environmental Impact Statement is Done; Pan Project, Nevada
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Denver, CO US, Nov 20, 2013 (Filing Services Canada via COMTEX) -- Midway Gold Corp. (mdw:TSX)(mdw:NYSE-MKT),("Midway" or the "Company") announces the Final Environmental Impact Statement (EIS) is complete for the Pan gold project, Nevada. The Environmental Protection Agency (EPA) published a Notice of Availability of the Final EIS for the project in the Federal Register on November 20, 2013. Associated with the completion of the Final EIS is a customary notification period. Following this period, a signed Record of Decision (ROD) will be published signifying the completion of the NEPA process. The ROD is expected in December of this year and construction is scheduled to begin immediately upon receipt.

"Completion of the Final EIS is a landmark achievement on our road to production at Pan," said Ken Brunk, Midway's President & CEO. "To do so in record time is a credit to our outstanding permitting team, the BLM and all other cooperating agencies. Their commitment to schedule, their perseverance and "Do the Job Right" mentality were the key to facilitating this process and achieving this milestone in the time frame that we have. Public comments through this entire process have been overwhelmingly positive. Thank you to everyone here at Midway, to the Nevada community and to our shareholders for your support. We celebrate for a moment, but keep our eyes on the goal: Production and Cash Flow in 2014."

What is NEPA?

The Environmental Impact Statement (EIS) for the Pan project is required under the National Environmental Policy Act (NEPA). According to "A Citizen's Guide to NEPA," the federal government's official handbook states:

"The environmental review process under NEPA provides an opportunity for you to be involved in the Federal agency decision making process ... NEPA requires Federal agencies to consider environmental effects that include, among others, impacts on social, cultural, and economic resources, as well as natural resources. Citizens often have valuable information about places and resources that they value and the potential environmental, social, and economic effects that proposed federal actions may have on those places and resources. NEPA's requirements provide you the means to work with the agencies so they can take your information into account."

What is an EIS?

The Pan project is on federal land and NEPA requires the Bureau of Land Management (BLM) to analyze potential environmental consequences of the planned project and any reasonable alternatives. An EIS is the analysis of how the proposed project, and possible alternatives, will impact the environment. It proposes mitigation measures for identified impacts. Midway has advanced through baseline studies, the Draft EIS, and now the Final EIS.

Pan Gold Project, Nevada

The Pan project is an oxidized, Carlin-style gold deposit mineable by shallow open pit methods and treatable by heap leaching. A Feasibility Study was completed in November 2011. It shows the NPV of the project is robust at a range of gold prices, ranging from $123 million at $1,200/oz gold to $344 million $1,900/oz gold. The IRR grows from 32% to 79% using the same gold price range. Both are after-tax figures (see press release dated November 15, 2011.)

http://www.marketwatch.com/story/midway-gold-final-environme…

[nicolani]

geht hier noch was, die sollten jetzt langsam mal starten!!

[nicolani]

ein sauberer anstieg, wie erwartet, neues kz 1,80$!!

[videomart2]

http://stockcharts.com/c-sc/sc?s=MDW&p=D&b=5&g=0&i=p79663375…

[skotec]

Oh wer hätte das gedacht?

[valueinvestor]

Die Finanzierung ist unter Dach und Fach, die Konditionen mit Libor + 3,5% oder 3,75% sind sensationell günstig. Jetzt die Mine fertig bauen und in den Goldpreisanstieg hinein die Produktion hochfahren - das wird eine lukrative Sache.

[nicolani]

ja jetzt sollte midway endlich durchstarten können, es passt jetzt alles, umso besser wird's mit steigendem goldpreis!

[nicolani]

und dann noch das hier, wie schön zu lesen!
http://online.wsj.com/article/PR-CO-20140528-905903.html#

[benefactor [KommA]]

Antwort auf Beitrag Nr.: 47.064.478 von nicolani am 28.05.14 19:50:17

Aktueller Research-Bericht über Midway Gold von SFn Research. https://www.sfn-research.de/" target="_blank" rel="nofollow ugc noopener">https://www.sfn-research.de/

https://www.sfn-research.de/images/pdf-empfehlungen/MDW03062…" target="_blank" rel="nofollow ugc noopener">https://www.sfn-research.de/images/pdf-empfehlungen/MDW03062…

[nicolani]

vielleicht geht's ja jetzt endlich los! oder nur ein weiterer anlauf!

[DerHerscher]

Bahnt sich hier was an? Großes Paket gestern

[nicolani]

Mining begins at Midway Gold's Pan Project
Sep 15 2014, 12:59 ET | About: Midway Gold Corp (MDW) | By: Carl Surran, SA News Editor Contact this editor with comments or a news tip
Midway Gold (MDW +8.6%) says it is advancing construction and mining has begun at its Pan Gold Project in Nevada, its first open pit heap leach project, with the leach pad complete and ready for ore.MDW says the project is proceeding on a schedule that should allow for gold production to begin late this year, although the schedule for completion has slipped by about a month due to heavy summer rainfall.

[prallhans]

heute drüber gestolpert, liest sich gut.
http://zealllc.com/2014/nvnewgm.htm

[nicolani]

von seeking alpha:

Update: Midway Gold Announces Funding And Construction Update
Dec. 1, 2014 4:06 PM ET

Midway has positive news as it was able to reduce up-front capital expenditures.
This is a nice surprise, but the decision to reduce the size of the project finance facility might have been a bit premature.
The investment thesis remains standing as I still consider Midway Gold to be an excellent gold mining company with a very bright future.
One of my favorite mining companies, Midway Gold (NYSEMKT:MDW), which is constructing its Pan gold project in Nevada, has announced it has made an initial draw of roughly $18M from the project finance facility which was offered by the Commonwealth Bank of Australia. Midway has already spent $55M of the expected $76M capex and is now finalizing the construction of the Pan project which is still on track to pour its first gold in January 2015.

Midway was able to slash its capital expenditures by removing the need for an owner-operated mining fleet and using the run of mine leaching strategy at Pan's south zone. This has shaved off quite a few millions from the initial capital expenditures, and Midway also thinks it will need a lower working capital position to reach the free cash flow positive stage. This has led the company to reduce the project finance facility by $2M to $43M, whilst the $10M cost overrun facility remains in place. I'm a bit surprised about this decision as I'd have preferred to keep the PFF at the same level as you never know when an unexpected problem might arise. Additionally, the cost overrun facility is more expensive for Midway so it might have been a bit premature to lower the amount of the project finance facility.

Meanwhile, the company's contractor has been ramping up the mine rate to the desired 60,000 tonnes per day. Ore is being placed on the leach pad and Midway expects to start irrigating the leach pad within the next few weeks which should keep the company on track for a first gold pour before the end of January.

[nicolani]

Dow Jones 17,864.61 -0.22%
Basic Mater... -0.57%
MDW 0.110 11.11%


wenn das mal nix wird! nur einser!



0.110
+0.011 (11.11%)
Real-time: 2:08PM EDT
NYSEMKT real-time data -

[benefactor [KommA]]

Antwort auf Beitrag Nr.: 49.995.531 von nicolani am 17.06.15 20:10:53

Midway Announces Reduction in Workforce

DENVER, CO / ACCESSWIRE / June 19, 2015 / Midway Gold Corp. (TSX:MDW, NYSE MKT:MDW) (the "Company" or "Midway") today announces that it has organized a reduction in the workforce at the Pan Gold Mine ("Pan") effective today.

Mining activities at Pan have been suspended. As a result, Ledcor CMI Inc., our contract mining company has reduced its workforce. Additionally, a portion of Midway's Pan workforce will also be reduced. We continue to leach ore that has previously been placed on the first lift of the heap leach pad at Pan however, the rate of recovery of gold has continued to fall short of expectations.



Entweder kommt jetzt Chapter 11, oder es gibt noch eine Übernahme zwischen 0.10 USD und 0,30 USD pro Aktie.

Erst baut man eine Mine für Rund 76 USD Millionen, dann geht einem das Geld aus und danach stellt sich heraus, dass das Goldvorkommen doch nicht so groß wie angenommen ist. Das Management hat hier total versagt, Saftladen.

[zoj-82]

Antwort auf Beitrag Nr.: 50.015.595 von benefactor am 20.06.15 12:31:59

Chapter 11

Wie hoch ist die Wahrscheinlichkeit das Aktie hier bei 0 Steht?

[benefactor [KommA]]

Antwort auf Beitrag Nr.: 50.016.612 von zoj-82 am 20.06.15 18:24:14

Das ist hier eine 50/50 Chance, alles kann passieren. Sollte es hier ein Chapter 11 geben, gehe ich von Kursen zwischen 0,01 USD bis 0,03 USD aus.

Aktuell befindet sich Midway mit den Schulden im Default-Status. In den nächsten 1 bis 2 Wochen muss Midway eine neue Pan-Machbarkeitsstudie präsentieren, je nachdem wie diese ausfällt, wird CBA darüber entscheiden ob die Mine als Sicherheit genügt. Sollte diese zu schlecht ausfallen, kann CBA die Schulden sofort einklagen und Midway müsste Gläubigerschutz beantragen.

Aktuell sind schon ca. 40.000 Unzen Gold abgebaut worden und könnten verkauft werden, dies könnte kurzfristig für Cashflow sorgen. Gerüchten zu folge, wurden die meisten Mitarbeiter von Pan abgezogen, weil sie angeblich Crasher benötigen. Ich weiß jedoch nicht ob das zutrifft. Es könnte auch sein, das die AISC so hoch ausfallen und ein Abbau des Goldes zu teuer wird und Midway somit unprofitabel arbeiten würde.

Die nächsten Tage bis Wochen werden zeigen wie es hier weitergeht.

[nicolani]

chapter 11! heute!

[Boersiback]

Antwort auf Beitrag Nr.: 47.031.222 von valueinvestor am 22.05.14 21:59:39

Zitat von valueinvestor: Die Finanzierung ist unter Dach und Fach, die Konditionen mit Libor + 3,5% oder 3,75% sind sensationell günstig. Jetzt die Mine fertig bauen und in den Goldpreisanstieg hinein die Produktion hochfahren - das wird eine lukrative Sache.

war wohl nix
ja wo isser denn ?