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Date: 09-03-2010 09-03-2010
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Midway Gold Corporation
Midway Gold Corporation Midway Gold Corporation
Projects

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Midway Gold Corporation Midway Gold Corporation

Burnt Canyon Project

Burnt Canyon Project
Pershing County, Nevada


The Burnt Canyon project is a new volcanic hosted gold exploration target located between the historic Seven Troughs high grade gold district and the Wildcat gold resource of Allied Nevada. The property was acquired in late 2007 and has exploration targets identified for high grade gold veins and low grade disseminated gold in altered tuffs.

In addition, a gold bearing jasperoid along the range front has identified a pediment target to the east. Geochemical sampling has identified several large low-grade gold anomalies at the surface associated with altered volcanic and volcanoclastic tuff.

The Company plans to drill 4,000 feet in 10 holes in 2008 to test targets at Burnt Canyon. Preliminary soil, gravity, and ground magnetic surveys were completed in January and results are being evaluated. Drill holes will be targeted using this data and a program of geologic mapping currently being planned.


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Midway Gold Corporation
Midway Gold Corporation