Midas Gold Finds High Grade Gold Mineralization at Golden Meadows Project
Midas Gold Corp. (MAX.TO), which was 9 cents below 50-day SMA $4.09 at Friday's close, announced today the results from reconnaissance sampling and follow-up evaluation of one of the larger geophysical anomalies outlined by its 2011 DIGHEM airborne electromagnetic, with rock samples returning values up to 39 g/t gold in outcrop.
Stephen Quin, President and CEO, said: "Midas Gold is encouraged to encounter significant, high grade gold mineralization in outcrop coincident...These results indicate potential for a significant new gold system in this area, warranting systematic exploration to evaluate this anomaly."
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