The Gold Rock (formerly the Monte) Project White Pine County, Nevada
The Gold Rock (formerly the Monte) project is sediment hosted gold system covers 14 square miles on the Battle Mountain-Eureka gold trend. The property includes and surrounds the Easy Junior open pit gold mine operated and reclaimed by Alta Bay in the 1980s.
Midway acquired the Gold Rock project as a part of the acquisition of Pan-Nevada in April 2007. Two other partially drilled gold targets occur on the property. The Pilot shale-Devils Gate limestone have been the host rocks of several major gold deposits in the region and there is over six miles of these prospective host rocks that remain untested at Gold Rock. The target is a Carlin style sediment hosted gold deposit.
The Company plans to drill 16,000 feet in 20 holes in 2008 to test targets at Gold Rock. A gravity and ground magnetic survey was completed in January 2008 on the southern end of the property. Evaluation of this data is in progress. Geologic mapping, soil sampling and rock sampling programs are planned. Target development work will dominate the work plans for early 2008.
