Golden Eagle Project

Midway’s fifth project is located in Washington State.

Golden Eagle is an exploration stage project.

There is open pit and underground potential.

Golden Eagle is situated in the prolific Republic Gold District.

View NI 43-101 Technical Reports

Geology & Mineralization

The Golden Eagle property is located in the Eureka (Republic) mining district in Ferry County, Washington on private land. The property is two miles northwest of the town of Republic, Washington and is accessed by the Knob Hill county road.

The Golden Eagle is a volcanic hosted, epithermal gold system with gold in quartz veins and disseminated in extensive breccia bodies. The host rocks are andesite flows and volcaniclastics of the Eocene age Sanpoil Formation along the western margin of the Republic Graben. Gold occurs primarily in silicified and argillized hydrothermal breccia that is 2,500 feet long and 1,000 feet wide. The gold zone is roughly east-west. It is exposed at the surface at the historic Mountain Lion mine to the west and plunges to the northeast. Locally the breccia is cut by quartz veins carrying higher grades of gold. Gold and silver mineralization is often found in solid solution with sulfide minerals and is considered refractory. Historical underground mining extracted gold and silver rich quartz veins adjacent to and beneath Golden Eagle.

Exploration was conducted on the property from 1940 to 2000 by Knob Hill Mining, Day Mines Inc., Hecla Mining Company, Santa Fe Pacific Gold Corporation, and Echo Bay Mines Ltd. Hecla and Santa Fe Pacific Gold Corporation defined a large gold resource on the property and conducted pre-feasibility studies including numerous metallurgical tests. After Santa Fe Pacific Gold Corporation was acquired by Newmont Mining Company, the property was traded to Echo Bay Mines Ltd. during a time of low gold prices. Kinross acquired Echo Bay and focused their efforts elsewhere.

In 2008, Midway acquired the Golden Eagle project and began compiling and reviewing the historic database of 835 drill holes containing 165,775 feet of mostly core drilling. Many of the older shallow holes could not be verified, leaving 126,591 feet in 164 holes that could be verified for use in creating a new gold model. Dr Thom Seal was contracted to review the numerous metallurgical reports and summarize the results for the Company. Company geologists mapped the historic pits and sampled pit walls and dumps.

Resource Estimate

(‘000s oz)

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.

(1) Resources as per Independent NI 43-101 compliant Technical Report by Snowden Mining Industry Consultants (July 2009). Assumes cutoff grade of 0.685 g/t.

The scientific and technical information on this page has been reviewed and approved for Midway Gold Corp. by Eric LeLacheur, Nevada District Geologist, and “Qualified Person” as defined under NI 43-101.


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