Nevada Gold Corp (NVGC) 0.0051 $NVGC
Midway Announces Planned Close of Public Comment for Draft EIS at Gold Rock Project, Nevada
Filing Services Canada - Fri Mar 27, 6:33PM CDT
Midway Announces Planned Close of Public Comment for Draft EIS at Gold Rock Project, Nevada Denver, Colorado (FSCwire) - Midway Gold Corp. announces that the comment period for the Draft Environmental Impact Statement (EIS) for the Gold Rock Project is planned to close March 30, 2015. The Draft EIS became available for public comment on February 13th, 2015 as published by the U.S. Bureau of Land Management (BLM) in the federal register. The Draft EIS provides an analysis of environmental, social and economic impacts of the proposed mine plan and possible alternatives. The BLM will then address comments from the public prior to approving the Final EIS and awarding a Record of Decision. We thank you for your support as we continue developing Gold Rock as our second gold project in Nevada, and we expect to complete the federal NEPA process in 2015. Today, Midway also published a brief, congratulatory note on a commissioning gold pour at the Pan Mine in Nevada. We noted that a production-scale pour is scheduled for Monday, March 30. We plan to provide an update on our operations at Pan following this scheduled pour. What is NEPA? The Environmental Impact Statement (EIS) for our Gold Rock Project is required under the National Environmental Policy Act (NEPA). According to A Citizens Guide to NEPA, the federal governments 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. NEPAs requirements provide you the means to work with the agencies so they can take your information into account. What is an EIS? The Gold Rock 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 is far advanced in the process, which includes baseline studies, a Draft EIS, and then the Final EIS. The Draft EIS comment period invites the public to be involved for the second time in the NEPA process. Comments will be addressed in the Final EIS, which will then inform the governments final decision and mitigation requirements. Midway completed this entire process for its Pan Mine and received the Record of Decision in December 2013. Why Public Involvement? Midway understands that public input is a crucial part of involving the community in our project. We believe the project will be improved by this involvement and support the BLM in encouraging residents to submit comments on the Pan project. We understand that living and working in Nevada is a privilege and we view this phase of the permitting process as an opportunity for the public to take part in building our business in Nevada. You can learn more about the NEPA process by reading A Citizens Guide to NEPA available from the BLM, or on the Web at: http://www.blm.gov/pgdata/etc/medialib/blm/nm...o_NEPA.pdf Where to Comment The BLM will be accepting written comments beginning February 13 and ending March 30. Below are the options available by which to submit comments: - Mail to the BLM directly BLM Ely District Office HC 33 Box 33500 Ely, NV 89301 Attn: Dan Netcher - Fax to Netcher at (775) 289-1910 or - Submit electronically on the BLMs ePlanning website: http://on.doi.gov/1zAxyW9 Gold Rock Project, Nevada Gold Rock is east of the Pancake Range of western White Pine County, Nevada. The property is approximately 10.5 km southeast of Midways Pan Project and approximately 104 km west of Ely, Nevada. Historic gold production at Gold Rock came from the Easy Junior open pit mine during the 1980s and the 1990s. Midway is developing Gold Rock as its second gold project in Nevada, and expects to complete the federal NEPA process in 2015. Going Concern Qualification in 10-K Midways Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on March 16, 2015 included an audit opinion that contained a going concern qualification. This announcement is made pursuant to NYSE MKT Company Guide Section 610(b), which requires separate disclosure of receipt of an audit opinion containing a going concern qualification. This announcement does not represent any change or amendment to the Company's financial statements or to its Annual Report on Form 10-K for the fiscal year ended December 31, 2014. About Midway Gold Corp. Midway Gold Corp. is a precious metals company with a vision to explore, design, build and operate gold mines in a manner accountable to all stakeholders while assuring return on shareholder investments. Midway Gold Corp. Jaime Wells, 720-979-0900 Investor Relations www.midwaygold.com Neither the TSX, its Regulation Services Provider (as that term is defined in the policies of the TSX ) nor the NYSE MKT accepts responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include, but are not limited to, statements about the Company's intended work plans including plans for the further development of the Gold Rock Project, which will be contingent upon a variety of factors, including but not limited to, establishment of mineral reserves and at least a prefeasibility study which have not yet been developed. Forward-looking statements are typically identified by words such as: "may", "should", "plan", "believe", "predict", "expect", "anticipate", "intend", "estimate", postulate" and similar expressions or the negative of such expressions or which by their nature refer to future events. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation, risks related to the timing and completion of the Company's intended work plans, risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources and reserves; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; changes in interest and currency exchanges rates; local and community impacts and issues; environmental costs and risks; and other factors identified in the Company's SEC filings and its filings with Canadian securities regulatory authorities. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change. Although the Company believes that such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. For the reasons set forth above, investors should not attribute undue certainty to or place undue reliance on forward-looking statements. Cautionary note to U.S. investors concerning estimates of reserves and resources: This press release and the documents referenced in this press release use the terms reserve" and "mineral resource, which are terms defined under Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. Such definitions differ from the definitions in U.S. Securities and Exchange Commission ("SEC"
Industry Guide 7. Under SEC Industry Guide 7standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures. The references to a resource in this press release and the documents referenced in this press release are not normally permitted under the rules of the SEC. It cannot be assumed that all or any part of mineral deposits in any of the above categories will ever be upgraded to Guide 7 compliant reserves. Accordingly, disclosure in this press release and in the technical reports referenced in this press release may not be comparable to information from U.S. companies subject to the reporting and disclosure requirements of the SEC. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...72015a.pdf Source: Midway Gold Corp. (TSX:MDW, NYSE MKT:MDW) www.midwaygold.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
MDW.TO: 0.09 (-0.02), MDW: 0.03 (unch)
Penny Stocks Alerts for Perk International, MySkin, OncoSec Medical, Data Storage, Relmada Therapeutics, and Allied Nevada Gold
PR Newswire - Fri Mar 13, 7:45AM CDT
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ONCS: 5.75 (-0.06)
Midway Completes Draft Environmental Impact Statement for Gold Rock Project, Nevada
Filing Services Canada - Fri Feb 13, 8:02AM CST
Midway Completes Draft Environmental Impact Statement for Gold Rock Project, Nevada Denver, Colorado (FSCwire) - Midway Gold Corp. (TSX and NYSE-MKT: MDW) (the Company or Midway) announces that the Draft Environmental Impact Statement (DEIS) for the Gold Rock Project is available for public comment as published by the U.S. Bureau of Land Management (BLM) in the federal register on February 13th, 2015. The DEIS provides an analysis of environmental, social and economic impacts of the proposed mine plan and possible alternatives. The public is invited to submit comments on the Gold Rock Project during a 45-day comment period ending March 30, 2015. The BLM will then address these comments prior to approving the Final EIS and awarding a Record of Decision. Publication of the Draft EIS is an important milestone for both the Gold Rock project and Midway Gold, said Bill Zisch, Midways President & CEO. While our immediate priority is first gold production at our Pan project, continuing to advance the Gold Rock project is consistent with our Midway vision; to develop our portfolio of simple, manageable, financeable gold projects in Nevada. We learned many lessons through the permitting process at Pan and have been able to apply them to our advantage at Gold Rock. Among those lessons is the value of public support for this project. We invite you to support Gold Rocks progress by submitting your comments and we look forward to reading them. What is NEPA? The Environmental Impact Statement (EIS) for our Gold Rock Project is required under the National Environmental Policy Act (NEPA). According to A Citizens Guide to NEPA, the federal governments 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. NEPAs requirements provide you the means to work with the agencies so they can take your information into account. What is an EIS? The Gold Rock 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 is far advanced in the process, which includes baseline studies, a Draft EIS, and then the Final EIS. The Draft EIS comment period invites the public to be involved for the second time in the NEPA process. Comments will be addressed in the Final EIS, which will then inform the governments final decision and mitigation requirements. Midway completed this entire process for its Pan Mine and received the Record of Decision in December 2013. Why Public Involvement? Midway understands that public input is a crucial part of involving the community in our project. We believe the project will be improved by this involvement and support the BLM in encouraging residents to submit comments on the Pan project. We understand that living and working in Nevada is a privilege and we view this phase of the permitting process as an opportunity for the public to take part in building our business in Nevada. You can learn more about the NEPA process by reading A Citizens Guide to NEPA available from the BLM, or on the Web at: http://www.blm.gov/pgdata/etc/medialib/blm/nm...o_NEPA.pdf Where to Comment The BLM will be accepting written comments beginning February 13 and ending March 30. Below are the options available by which to submit comments: - Mail to the BLM directly BLM Ely District Office HC 33 Box 33500 Ely, NV 89301 Attn: Dan Netcher - Fax to Netcher at (775) 289-1910 or - Submit electronically on the BLMs ePlanning website: http://on.doi.gov/1zAxyW9 Gold Rock Project, Nevada Gold Rock is east of the Pancake Range of western White Pine County, Nevada. The property is approximately 10.5 km southeast of Midways Pan Project and approximately 104 km west of Ely, Nevada. Historic gold production at Gold Rock came from the Easy Junior open pit mine during the 1980s and the 1990s. Midway is developing Gold Rock as its second gold project in Nevada, and expects to complete the federal NEPA process in 2015. An updated resource estimate for the project was defined in May 2014 as illustrated in Figure 1. Figure 1: Updated Resource May 20141 To view this table, please either click on the link below, or copy and paste the link into your browser: 1Resource per Amended NI 43-101 Technical Report Updated Mineral Resource Estimate for the Gold Rock Project, White Pine County, Nevada (January 2015). Assumes cutoff grade of 0.27 g/t. This release has been reviewed and approved for Midway by Eric LeLacheur, Nevada Regional Geologist for Midway, and a "qualified person" as that term is defined in NI 43-101. About Midway Gold Corp. Midway Gold Corp. is a precious metals company with a vision to explore, design, build and operate gold mines in a manner accountable to all stakeholders while assuring return on shareholder investments. Midway Gold Corp. Jaime Wells, 720-979-0900 Investor Relations jwells@midwaygold.com www.midwaygold.com Neither the TSX, its Regulation Services Provider (as that term is defined in the policies of the TSX ) nor the NYSE MKT accepts responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include, but are not limited to, statements about the Company's intended work plans and resource estimates, including plans for the further development of the Gold Rock Project, which will be contingent upon a variety of factors, including but not limited to, establishment of mineral reserves and at least a prefeasibility study which have not yet been developed. Forward-looking statements are typically identified by words such as: "may", "should", "plan", "believe", "predict", "expect", "anticipate", "intend", "estimate", postulate" and similar expressions or the negative of such expressions or which by their nature refer to future events. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation, risks related to the timing and completion of the Company's intended work plans, risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources and reserves; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; changes in interest and currency exchanges rates; local and community impacts and issues; environmental costs and risks; and other factors identified in the Company's SEC filings and its filings with Canadian securities regulatory authorities. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change. Although the Company believes that such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. For the reasons set forth above, investors should not attribute undue certainty to or place undue reliance on forward-looking statements. Cautionary note to U.S. investors concerning estimates of reserves and resources: This press release and the documents referenced in this press release use the terms reserve" and "mineral resource, which are terms defined under Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. Such definitions differ from the definitions in U.S. Securities and Exchange Commission ("SEC" Industry Guide 7. Under SEC Industry Guide 7standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures. The references to a resource in this press release and the documents referenced in this press release are not normally permitted under the rules of the SEC. It cannot be assumed that all or any part of mineral deposits in any of the above categories will ever be upgraded to Guide 7 compliant reserves. Accordingly, disclosure in this press release and in the technical reports referenced in this press release may not be comparable to information from U.S. companies subject to the reporting and disclosure requirements of the SEC. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...132015.pdf Source: Midway Gold Corp. (TSX:MDW, NYSE MKT:MDW) www.midwaygold.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
MDW.TO: 0.09 (-0.02), MDW: 0.03 (unch)
Midway Clarifies Growth in Resource Estimate at Spring Valley Project, Nevada, and Announces the Filing of Amended Technical Reports on Spring Valley and Gold Rock
Filing Services Canada - Fri Jan 23, 4:58PM CST
Midway Clarifies Growth in Resource Estimate at Spring Valley Project, Nevada, and Announces the Filing of Amended Technical Reports on Spring Valley and Gold Rock Denver, Colorado (FSCwire) - As a result of a review by the British Columbia Securities Commission, Midway Gold Corp. ("Midway" or the "Company" (MDW:TSX, MDW:NYSE-MKT) is issuing this press release to provide clarification pertaining to the previously announced resource growth at the Company's Spring Valley Project, Pershing County, Nevada ("Spring Valley" . On August 12, 2014, the Company issued a press release, which included statements in relation to the updated resource estimate, which were based on a sensitivity case rather than the base case. The Company subsequently filed an updated technical report titled "NI 43-101 Technical Report on Resources, Spring Valley Project, Pershing County, Nevada", dated September 9, 2014 (the "2014 Spring Valley Technical Report" . No changes have been made to the mineral resource estimate contained in the 2014 Spring Valley Technical Report; however the Company has filed an amendment to the 2014 Spring Valley Technical Report and is issuing this press release to provide clarification about statements contained in its August 12, 2014 press release. The amended report is titled "Amended NI 43-101 Technical Report on Resources, Spring Valley Project, Pershing County, Nevada" and has an amended report date of December 19, 2014 (the "Amended 2014 Spring Valley Technical Report" and together with the 2014 Spring Valley Technical Report, the "Reports" . The Company's prior mineral resource estimate, as contained in its 2011 technical report, titled "NI 43-101 Technical Report on the Spring Valley Project, Pershing County, Nevada", dated May 24, 2011 (the "2011 Spring Valley Technical Report" , was presented at a 0.14 g/t cutoff grade. The 2014 Spring Valley Technical Report presents a base case mineral resource estimate at a 0.21 g/t cutoff. The August 12, 2014 press release did not present the 2014 base case resource estimate but rather it presented data using the 0.14 g/t cutoff sensitivity case. This was done in order to allow readers to draw a direct comparison to the 2011 estimate. The resources tabulated at 0.14 g/t and 0.21 g/t in the Amended 2014 Spring Valley Technical Report are not significantly different, nor has the mineral resource estimate contained in the 2014 Spring Valley Technical Report been amended or revised in the Amended 2014 Spring Valley Technical Report. The mineral resources for the Spring Valley Project, are estimated by Gustavson to be 201.9 million tonnes grading an average of 0.63 g/t Au classified as measured and indicated mineral resources with an additional 56.3 million tonnes grading an average of 0.55 g/t Au classified as inferred mineral resources. All of the estimated mineral resource is based on a 0.21 g/t gold cutoff. Table 1 presents the 2014 mineral resource estimate and the 2011 mineral resource estimate, with all cutoff grades shown in the Reports and the 2011 Spring Valley Technical Report, respectively. Table 1. 2014 Spring Valley Resource Estimate with Comparison to 2011 To view this table, please either click on the link below, or copy and paste the link into your browser: To view this table, please either click on the link below, or copy and paste the link into your browser: Note: The tonnage and total ounces of gold for resources 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. 1The Mineral Resource Estimate was prepared by Gustavson Associates, LLC ("Gustavson" of Lakewood, Colorado. The base case estimate uses a cutoff grade of 0.21 g/t. The 0.14 g/t cutoff is included in the tabulation for comparison purposes. A NI 43-101 technical report summarizing the mineral resource estimate was filed on SEDAR on January 23, 2015. Gustavson completed the mineral resource estimate, with Zachary Black acting as the Qualified Person. 2Resources as per the 2011 Spring Valley Technical Report. The base case estimate uses a cutoff grade of 0.14 g/t.An updated report "Updated NI 43-101 Technical Report on the Spring Valley Project, Pershing County, Nevada" dated November 29, 2012 was filed to clarify responsibilities of the Qualified Persons and to clarify language regarding capping, density, and cutoff values. This updated report made no changes to the resource estimate. Comparison between 2011 and 2014 Resource Estimation The August 12, 2014 press release contained comparisons between the 2011 base case and 2014 sensitivity case resource estimates. For clarity, this comparison has been updated and is presented in Table 2, to show the difference between measured and indicated resources from the 2011 base case (0.14 g/t cutoff) and 2014 base case (0.21 g/t cutoff) resource estimates. Table 2. Comparison Between 2011 and 2014 Base Case Resource Estimates. To view this table, please either click on the link below, or copy and paste the link into your browser: Note: The 2011 base case uses a 0.14 g/t cutoff and the 2014 base case uses a 0.21 g/t cutoff. Comparisons at other cutoff grades can be made by reference to the resource sensitivities presented in Table 1. Whittle Pit-Defined Spring Valley Resources The mineral resource estimate contained in the Reports was further analyzed by a Whittle pit optimization program to determine the portion of the resource which has the potential to be mined by open pit methods based upon the current level of resource development. Open pit models were generated at gold prices ranging between US$1,100/oz and US$1,700/oz in US$200/oz increments. The results are listed below in Table 3. The US$1,500/oz pit model was selected as the base case due to a 3-year trailing average gold price of US$1,543.83/oz. Table 3. Whittle Pit Shell Mineral Resources at Various Gold Prices at a 0.21 g/t Au Cutoff To view this table, please either click on the link below, or copy and paste the link into your browser: Note: Whittle pit optimization was used to determine potentially mineable tonnage from the resources presented in Table 1. Measured, indicated and inferred mineral classification was determined by the variography of each mineral domain. A complete description of the modeling method, environmental and other project risks can be found in the Reports. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The economic parameters used for this analysis are based upon operating costs of similar sized mines currently operating in Nevada and upon estimated gold recoveries from metallurgical tests completed to date. Table 4 summarizes the estimated cost parameters. Table 4. Economic Parameters Used for Whittle Pit Analysis To view this table, please either click on the link below, or copy and paste the link into your browser: The disclosure above supercedes the disclosure presented in Midway's press release dated August 12, 2014. Spring Valley Project, Nevada Spring Valley is a large porphyry-hosted gold system located about 20 miles northeast of Lovelock in Pershing County, Nevada. Barrick achieved their earn-in by spending $38 million to earn a 70 percent interest in the project (see February 24, 2014 press release). The project is now run as a joint venture with Barrick as manager. Midway has converted its 30% interest into a 25% free-carried interest in Spring Valley and will be carried to production, at which point Midway will pay back its share of development capital from production. About The Resource Estimate The resource estimate was prepared by Gustavson Associates, LLC, in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators ("NI 43-101" , and in compliance with the disclosure and reporting requirements set forth in Companion Policy 43-101 CP and Form 43-101F1. Resources have been classified in accordance with standards as defined by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) "CIM Definition Standards - For Mineral Resources and Mineral Reserves", prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council on May 10, 2014. The mineral resource estimate was prepared for and on behalf of Midway Gold Corp and is not a work product of the Spring Valley Joint Venture. The disclosure contained above has been reviewed and approved by Zachary J. Black, a "qualified person" as that term is defined in NI 43-101. Amendment to Gold Rock Technical Report Filed The Company also announces that it has also filed an amendment to its previously filed technical report in relation to its Gold Rock Project. The amended report is titled Amended NI 43-101 Technical Report, Updated Mineral Resource Estimate for the Gold Rock Project, White Pine County, Nevada and has an amended report date of January 8, 2015. This amended report was prepared and filed in order to address inconsistencies between the previously filed report and the Companys press release dated May 28, 2014. Gold Rock Project, Nevada Gold Rock is in the Pancake Range of western White Pine County, Nevada. The property is 10.5 km southeast of Midways Pan Project and approximately 104 km west of Ely, Nevada. Historic gold production at Gold Rock came from the Easy Junior open pit mine during the 1980s and the 1990s. About Midway Gold Corp. Midway Gold Corp. is a precious metals company with a vision to explore, design, build and operate gold mines in a manner accountable to all stakeholders while assuring return on shareholder investments. Midway Gold Corp. Jaime Wells, 720-979-0900 Investor Relations jwells@midwaygold.com www.midwaygold.com Neither the TSX, its Regulation Services Provider (as that term is defined in the policies of the TSX ) nor the NYSE MKT accepts responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include, but are not limited to, statements about the Company's intended work plans and resource estimates, including plans for the further development of the Spring Valley Project and plans for a preliminary economic assessment in relation to the Spring Valley Project. Forward-looking statements are typically identified by words such as: "may", "should", "plan", "believe", "predict", "expect", "anticipate", "intend", "estimate", postulate" and similar expressions or the negative of such expressions or which by their nature refer to future events. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation, risks related to the timing and completion of the Company's intended work plans, risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources and reserves; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; changes in interest and currency exchanges rates; local and community impacts and issues; environmental costs and risks; and other factors identified in the Company's SEC filings and its filings with Canadian securities regulatory authorities. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change. Although the Company believes that such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. For the reasons set forth above, investors should not attribute undue certainty to or place undue reliance on forward-looking statements. Cautionary note to U.S. investors concerning estimates of reserves and resources: This press release and the documents referenced in this press release use the terms "reserve" and "mineral resource", which are terms defined under Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. Such definitions differ from the definitions in U.S. Securities and Exchange Commission ("SEC" Industry Guide 7. Under SEC Industry Guide 7standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures. The references to a "resource" in this press release and the documents referenced in this press release are not normally permitted under the rules of the SEC. It cannot be assumed that all or any part of mineral deposits in any of the above categories will ever be upgraded to Guide 7 compliant reserves. Accordingly, disclosure in this press release and in the technical reports referenced in this press release may not be comparable to information from U.S. companies subject to the reporting and disclosure requirements of the SEC. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...232015.pdf Source: Midway Gold Corp. (TSX:MDW, NYSE MKT:MDW) www.midwaygold.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
MDW.TO: 0.09 (-0.02), MDW: 0.03 (unch)
Gold Stocks Under Review -- Newmont Mining, Eldorado Gold, Allied Nevada Gold, Rubicon Minerals, and Sibanye Gold
PR Newswire - Wed Jan 21, 8:10AM CST
Investor-Edge has initiated coverage on the following equities: Newmont Mining Corporation (NYSE: NEM), Eldorado Gold Corporation (NYSE: EGO), Allied Nevada Gold Corporation (NYSE MKT: ANV), Rubicon Minerals Corporation (NYSE MKT: RBY), and Sibanye Gold Ltd (NYSE: SBGL). Free research report on Newmont Mining can be accessed at http://get.Investor-Edge.com/pdf/?c=Newmont%2...&s=NEM. The US markets on Tuesday, January 20, 2015, ended on a positive note as the Dow Jones Industrial Average finished at 17,515.23, up 0.02% and the NASDAQ Composite closed at 4,654.85, up 0.44%. The S&P 500 finished the session 0.15% higher at 2,022.55. During the trading session, seven out of ten sectors finished on a higher note. The S&P 500 Materials Sector Index ended the day at 300.87, up 0.11%, with the index advancing 2.46% in the previous three months. Register for your complimentary reports at the links given below.
RBY: 0.95 (unch), ANV: 0.86 (unch), EGO: 3.85 (-0.02), NEM: 22.52 (-0.07), SBGL: 6.68 (+0.21)
Spirit AeroSystems Holdings, Francesca's Holdings, Banro and Allied Nevada Gold highlighted as Zacks Bull and Bear of the Day
PR Newswire - Fri Dec 26, 8:56AM CST
Zacks Equity Research highlights Spirit AeroSystems Holdings (NYSE:SPR-Free Report)as the Bull of the Day and Francesca's Holdings Corporation (Nasdaq:FRAN-Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis onBanro Corporation (AMEX:BAA-Free Report) and Allied Nevada Gold Corp. (AMEX:ANV-Free Report).
SPR: 55.13 (+0.63), FRAN: 13.50 (+0.24), BAA: 0.32 (-0.01)
The Zacks Analyst Blog Highlights: Allied Nevada Gold and Goldcorp
PR Newswire - Fri Oct 17, 8:30AM CDT
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Allied Nevada Gold Corp. (AMEX:ANV-Free Report) and Goldcorp(NYSE:GG-Free Report).
ANV: 0.86 (unch)
Waseco Continues to Advance Its Nevada Gold Project
Marketwire - Fri Aug 08, 8:31AM CDT
WASECO RESOURCES INC. (TSX VENTURE: WRI)(FRANKFURT: WSE) (the "Company" , reports that preparations continue for a follow-up drill program consisting of 6 to 10 holes, of up to 1,800 meters in total, designed to test and expand several of the known mineralized gold zones identified on the Battle Mountain Ridge Project in Nevada. A video animation detailing the exploration history of the property is available for viewing on the Company's web site.
WRI.VN: 0.035 (+0.005)
Nevada Gold Chief Executive Officer Michael Shaunnessy Signs Employment Extension Agreement Through December 2016
GlobeNewswire - Fri Aug 01, 3:15PM CDT
Nevada Gold & Casinos, Inc. (NYSE MKT:UWN) today announced today that it has extended the employment agreement of Michael P. Shaunnessy, as President and CEO for an additional two year period, expiring December 2016. Mr. Shaunnessy joined the company in December 2012 as President and CEO, from MGM Resorts International, where he served as an executive vice president of operations.
UWN: 1.76 (-0.02), MGM: 18.15 (+0.31)
Holland & Hart Represents Silver Standard Resources Inc. in $275 Million Purchase of Nevada Gold Mine
PRWeb - Thu Jul 31, 7:02PM CDT
Holland & Hart LLP served on the legal team representing Silver Standard Resources Inc. in the successful purchase of Marigold mine from subsidiaries of Goldcorp Inc. and Barrick Gold Corp. Total cash consideration paid at closing was $275 million.
SSRI: 6.12 (+0.10), GG: 16.44 (-0.23)
Gold Stocks on our Radar -- AuRico Gold, Harmony Gold Mining, Gold Fields, Allied Nevada Gold, and AngloGold Ashanti
PR Newswire - Tue Jul 29, 7:50AM CDT
On Monday, July 28, 2014, the NASDAQ Composite ended at 4,444.91, down 0.10%, the Dow Jones Industrial Average finished the day 0.13% higher at 16,982.59, and the S&P 500 closed at 1,978.91, up 0.03%. The gains were broad based as seven out of ten sectors ended the session in positive. The S&P 500 Materials Sector Index ended the day at 317.11, up 0.25%, and the index has advanced 1.63% in the last one month. Investor-Edge has initiated coverage on the following equities: AuRico Gold Inc. (NYSE: AUQ), Harmony Gold Mining Company Ltd (NYSE: HMY), Gold Fields Ltd (NYSE: GFI), Allied Nevada Gold Corporation (NYSE MKT: ANV), and AngloGold Ashanti Ltd (NYSE: AU). Free research on these five companies can be accessed at:
ANV: 0.86 (unch), HMY: 1.18 (-0.03), AUQ: 2.86 (+0.10), AU: 8.10 (-0.09), GFI: 3.07 (-0.08)
Waseco Advances Nevada Gold Project
Marketwire - Thu Jul 24, 8:02AM CDT
WASECO RESOURCES INC. ("WRI" (TSX VENTURE: WRI)(FRANKFURT: WSE), is pleased to provide the following update on activities relating to its Battle Mountain Ridge Gold project in Nevada:
WRI.VN: 0.035 (+0.005)
Midway Announces Planned Close of Public Comment for Draft EIS at Gold Rock Project, Nevada
Filing Services Canada - Fri Mar 27, 6:33PM CDT
Midway Announces Planned Close of Public Comment for Draft EIS at Gold Rock Project, Nevada Denver, Colorado (FSCwire) - Midway Gold Corp. announces that the comment period for the Draft Environmental Impact Statement (EIS) for the Gold Rock Project is planned to close March 30, 2015. The Draft EIS became available for public comment on February 13th, 2015 as published by the U.S. Bureau of Land Management (BLM) in the federal register. The Draft EIS provides an analysis of environmental, social and economic impacts of the proposed mine plan and possible alternatives. The BLM will then address comments from the public prior to approving the Final EIS and awarding a Record of Decision. We thank you for your support as we continue developing Gold Rock as our second gold project in Nevada, and we expect to complete the federal NEPA process in 2015. Today, Midway also published a brief, congratulatory note on a commissioning gold pour at the Pan Mine in Nevada. We noted that a production-scale pour is scheduled for Monday, March 30. We plan to provide an update on our operations at Pan following this scheduled pour. What is NEPA? The Environmental Impact Statement (EIS) for our Gold Rock Project is required under the National Environmental Policy Act (NEPA). According to A Citizens Guide to NEPA, the federal governments 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. NEPAs requirements provide you the means to work with the agencies so they can take your information into account. What is an EIS? The Gold Rock 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 is far advanced in the process, which includes baseline studies, a Draft EIS, and then the Final EIS. The Draft EIS comment period invites the public to be involved for the second time in the NEPA process. Comments will be addressed in the Final EIS, which will then inform the governments final decision and mitigation requirements. Midway completed this entire process for its Pan Mine and received the Record of Decision in December 2013. Why Public Involvement? Midway understands that public input is a crucial part of involving the community in our project. We believe the project will be improved by this involvement and support the BLM in encouraging residents to submit comments on the Pan project. We understand that living and working in Nevada is a privilege and we view this phase of the permitting process as an opportunity for the public to take part in building our business in Nevada. You can learn more about the NEPA process by reading A Citizens Guide to NEPA available from the BLM, or on the Web at: http://www.blm.gov/pgdata/etc/medialib/blm/nm...o_NEPA.pdf Where to Comment The BLM will be accepting written comments beginning February 13 and ending March 30. Below are the options available by which to submit comments: - Mail to the BLM directly BLM Ely District Office HC 33 Box 33500 Ely, NV 89301 Attn: Dan Netcher - Fax to Netcher at (775) 289-1910 or - Submit electronically on the BLMs ePlanning website: http://on.doi.gov/1zAxyW9 Gold Rock Project, Nevada Gold Rock is east of the Pancake Range of western White Pine County, Nevada. The property is approximately 10.5 km southeast of Midways Pan Project and approximately 104 km west of Ely, Nevada. Historic gold production at Gold Rock came from the Easy Junior open pit mine during the 1980s and the 1990s. Midway is developing Gold Rock as its second gold project in Nevada, and expects to complete the federal NEPA process in 2015. Going Concern Qualification in 10-K Midways Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on March 16, 2015 included an audit opinion that contained a going concern qualification. This announcement is made pursuant to NYSE MKT Company Guide Section 610(b), which requires separate disclosure of receipt of an audit opinion containing a going concern qualification. This announcement does not represent any change or amendment to the Company's financial statements or to its Annual Report on Form 10-K for the fiscal year ended December 31, 2014. About Midway Gold Corp. Midway Gold Corp. is a precious metals company with a vision to explore, design, build and operate gold mines in a manner accountable to all stakeholders while assuring return on shareholder investments. Midway Gold Corp. Jaime Wells, 720-979-0900 Investor Relations www.midwaygold.com Neither the TSX, its Regulation Services Provider (as that term is defined in the policies of the TSX ) nor the NYSE MKT accepts responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include, but are not limited to, statements about the Company's intended work plans including plans for the further development of the Gold Rock Project, which will be contingent upon a variety of factors, including but not limited to, establishment of mineral reserves and at least a prefeasibility study which have not yet been developed. Forward-looking statements are typically identified by words such as: "may", "should", "plan", "believe", "predict", "expect", "anticipate", "intend", "estimate", postulate" and similar expressions or the negative of such expressions or which by their nature refer to future events. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation, risks related to the timing and completion of the Company's intended work plans, risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources and reserves; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; changes in interest and currency exchanges rates; local and community impacts and issues; environmental costs and risks; and other factors identified in the Company's SEC filings and its filings with Canadian securities regulatory authorities. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change. Although the Company believes that such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. For the reasons set forth above, investors should not attribute undue certainty to or place undue reliance on forward-looking statements. Cautionary note to U.S. investors concerning estimates of reserves and resources: This press release and the documents referenced in this press release use the terms reserve" and "mineral resource, which are terms defined under Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. Such definitions differ from the definitions in U.S. Securities and Exchange Commission ("SEC"
Industry Guide 7. Under SEC Industry Guide 7standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures. The references to a resource in this press release and the documents referenced in this press release are not normally permitted under the rules of the SEC. It cannot be assumed that all or any part of mineral deposits in any of the above categories will ever be upgraded to Guide 7 compliant reserves. Accordingly, disclosure in this press release and in the technical reports referenced in this press release may not be comparable to information from U.S. companies subject to the reporting and disclosure requirements of the SEC. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...72015a.pdf Source: Midway Gold Corp. (TSX:MDW, NYSE MKT:MDW) www.midwaygold.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc. MDW.TO: 0.09 (-0.02), MDW: 0.03 (unch)
Penny Stocks Alerts for Perk International, MySkin, OncoSec Medical, Data Storage, Relmada Therapeutics, and Allied Nevada Gold
PR Newswire - Fri Mar 13, 7:45AM CDT
Pennystocksinsiders.com (PSI) released FREE insider trading reports for US market investors to track the following active stocks and penny stocks: Perk International (OTCBB
RKI), MySkin (OTCBB:CNAB), OncoSec Medical (OTCMKTS:ONCS), Data Storage (OTCMKTS TST), Relmada Therapeutics (OTCMKTS:RLMD), and Allied Nevada Gold (OTCMKTS:ANVGQ). ONCS: 5.75 (-0.06)
Midway Completes Draft Environmental Impact Statement for Gold Rock Project, Nevada
Filing Services Canada - Fri Feb 13, 8:02AM CST
Midway Completes Draft Environmental Impact Statement for Gold Rock Project, Nevada Denver, Colorado (FSCwire) - Midway Gold Corp. (TSX and NYSE-MKT: MDW) (the Company or Midway) announces that the Draft Environmental Impact Statement (DEIS) for the Gold Rock Project is available for public comment as published by the U.S. Bureau of Land Management (BLM) in the federal register on February 13th, 2015. The DEIS provides an analysis of environmental, social and economic impacts of the proposed mine plan and possible alternatives. The public is invited to submit comments on the Gold Rock Project during a 45-day comment period ending March 30, 2015. The BLM will then address these comments prior to approving the Final EIS and awarding a Record of Decision. Publication of the Draft EIS is an important milestone for both the Gold Rock project and Midway Gold, said Bill Zisch, Midways President & CEO. While our immediate priority is first gold production at our Pan project, continuing to advance the Gold Rock project is consistent with our Midway vision; to develop our portfolio of simple, manageable, financeable gold projects in Nevada. We learned many lessons through the permitting process at Pan and have been able to apply them to our advantage at Gold Rock. Among those lessons is the value of public support for this project. We invite you to support Gold Rocks progress by submitting your comments and we look forward to reading them. What is NEPA? The Environmental Impact Statement (EIS) for our Gold Rock Project is required under the National Environmental Policy Act (NEPA). According to A Citizens Guide to NEPA, the federal governments 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. NEPAs requirements provide you the means to work with the agencies so they can take your information into account. What is an EIS? The Gold Rock 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 is far advanced in the process, which includes baseline studies, a Draft EIS, and then the Final EIS. The Draft EIS comment period invites the public to be involved for the second time in the NEPA process. Comments will be addressed in the Final EIS, which will then inform the governments final decision and mitigation requirements. Midway completed this entire process for its Pan Mine and received the Record of Decision in December 2013. Why Public Involvement? Midway understands that public input is a crucial part of involving the community in our project. We believe the project will be improved by this involvement and support the BLM in encouraging residents to submit comments on the Pan project. We understand that living and working in Nevada is a privilege and we view this phase of the permitting process as an opportunity for the public to take part in building our business in Nevada. You can learn more about the NEPA process by reading A Citizens Guide to NEPA available from the BLM, or on the Web at: http://www.blm.gov/pgdata/etc/medialib/blm/nm...o_NEPA.pdf Where to Comment The BLM will be accepting written comments beginning February 13 and ending March 30. Below are the options available by which to submit comments: - Mail to the BLM directly BLM Ely District Office HC 33 Box 33500 Ely, NV 89301 Attn: Dan Netcher - Fax to Netcher at (775) 289-1910 or - Submit electronically on the BLMs ePlanning website: http://on.doi.gov/1zAxyW9 Gold Rock Project, Nevada Gold Rock is east of the Pancake Range of western White Pine County, Nevada. The property is approximately 10.5 km southeast of Midways Pan Project and approximately 104 km west of Ely, Nevada. Historic gold production at Gold Rock came from the Easy Junior open pit mine during the 1980s and the 1990s. Midway is developing Gold Rock as its second gold project in Nevada, and expects to complete the federal NEPA process in 2015. An updated resource estimate for the project was defined in May 2014 as illustrated in Figure 1. Figure 1: Updated Resource May 20141 To view this table, please either click on the link below, or copy and paste the link into your browser: 1Resource per Amended NI 43-101 Technical Report Updated Mineral Resource Estimate for the Gold Rock Project, White Pine County, Nevada (January 2015). Assumes cutoff grade of 0.27 g/t. This release has been reviewed and approved for Midway by Eric LeLacheur, Nevada Regional Geologist for Midway, and a "qualified person" as that term is defined in NI 43-101. About Midway Gold Corp. Midway Gold Corp. is a precious metals company with a vision to explore, design, build and operate gold mines in a manner accountable to all stakeholders while assuring return on shareholder investments. Midway Gold Corp. Jaime Wells, 720-979-0900 Investor Relations jwells@midwaygold.com www.midwaygold.com Neither the TSX, its Regulation Services Provider (as that term is defined in the policies of the TSX ) nor the NYSE MKT accepts responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include, but are not limited to, statements about the Company's intended work plans and resource estimates, including plans for the further development of the Gold Rock Project, which will be contingent upon a variety of factors, including but not limited to, establishment of mineral reserves and at least a prefeasibility study which have not yet been developed. Forward-looking statements are typically identified by words such as: "may", "should", "plan", "believe", "predict", "expect", "anticipate", "intend", "estimate", postulate" and similar expressions or the negative of such expressions or which by their nature refer to future events. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation, risks related to the timing and completion of the Company's intended work plans, risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources and reserves; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; changes in interest and currency exchanges rates; local and community impacts and issues; environmental costs and risks; and other factors identified in the Company's SEC filings and its filings with Canadian securities regulatory authorities. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change. Although the Company believes that such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. For the reasons set forth above, investors should not attribute undue certainty to or place undue reliance on forward-looking statements. Cautionary note to U.S. investors concerning estimates of reserves and resources: This press release and the documents referenced in this press release use the terms reserve" and "mineral resource, which are terms defined under Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. Such definitions differ from the definitions in U.S. Securities and Exchange Commission ("SEC"
Industry Guide 7. Under SEC Industry Guide 7standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures. The references to a resource in this press release and the documents referenced in this press release are not normally permitted under the rules of the SEC. It cannot be assumed that all or any part of mineral deposits in any of the above categories will ever be upgraded to Guide 7 compliant reserves. Accordingly, disclosure in this press release and in the technical reports referenced in this press release may not be comparable to information from U.S. companies subject to the reporting and disclosure requirements of the SEC. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...132015.pdf Source: Midway Gold Corp. (TSX:MDW, NYSE MKT:MDW) www.midwaygold.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc. MDW.TO: 0.09 (-0.02), MDW: 0.03 (unch)
Midway Clarifies Growth in Resource Estimate at Spring Valley Project, Nevada, and Announces the Filing of Amended Technical Reports on Spring Valley and Gold Rock
Filing Services Canada - Fri Jan 23, 4:58PM CST
Midway Clarifies Growth in Resource Estimate at Spring Valley Project, Nevada, and Announces the Filing of Amended Technical Reports on Spring Valley and Gold Rock Denver, Colorado (FSCwire) - As a result of a review by the British Columbia Securities Commission, Midway Gold Corp. ("Midway" or the "Company"
(MDW:TSX, MDW:NYSE-MKT) is issuing this press release to provide clarification pertaining to the previously announced resource growth at the Company's Spring Valley Project, Pershing County, Nevada ("Spring Valley" . On August 12, 2014, the Company issued a press release, which included statements in relation to the updated resource estimate, which were based on a sensitivity case rather than the base case. The Company subsequently filed an updated technical report titled "NI 43-101 Technical Report on Resources, Spring Valley Project, Pershing County, Nevada", dated September 9, 2014 (the "2014 Spring Valley Technical Report" . No changes have been made to the mineral resource estimate contained in the 2014 Spring Valley Technical Report; however the Company has filed an amendment to the 2014 Spring Valley Technical Report and is issuing this press release to provide clarification about statements contained in its August 12, 2014 press release. The amended report is titled "Amended NI 43-101 Technical Report on Resources, Spring Valley Project, Pershing County, Nevada" and has an amended report date of December 19, 2014 (the "Amended 2014 Spring Valley Technical Report" and together with the 2014 Spring Valley Technical Report, the "Reports" . The Company's prior mineral resource estimate, as contained in its 2011 technical report, titled "NI 43-101 Technical Report on the Spring Valley Project, Pershing County, Nevada", dated May 24, 2011 (the "2011 Spring Valley Technical Report" , was presented at a 0.14 g/t cutoff grade. The 2014 Spring Valley Technical Report presents a base case mineral resource estimate at a 0.21 g/t cutoff. The August 12, 2014 press release did not present the 2014 base case resource estimate but rather it presented data using the 0.14 g/t cutoff sensitivity case. This was done in order to allow readers to draw a direct comparison to the 2011 estimate. The resources tabulated at 0.14 g/t and 0.21 g/t in the Amended 2014 Spring Valley Technical Report are not significantly different, nor has the mineral resource estimate contained in the 2014 Spring Valley Technical Report been amended or revised in the Amended 2014 Spring Valley Technical Report. The mineral resources for the Spring Valley Project, are estimated by Gustavson to be 201.9 million tonnes grading an average of 0.63 g/t Au classified as measured and indicated mineral resources with an additional 56.3 million tonnes grading an average of 0.55 g/t Au classified as inferred mineral resources. All of the estimated mineral resource is based on a 0.21 g/t gold cutoff. Table 1 presents the 2014 mineral resource estimate and the 2011 mineral resource estimate, with all cutoff grades shown in the Reports and the 2011 Spring Valley Technical Report, respectively. Table 1. 2014 Spring Valley Resource Estimate with Comparison to 2011 To view this table, please either click on the link below, or copy and paste the link into your browser: To view this table, please either click on the link below, or copy and paste the link into your browser: Note: The tonnage and total ounces of gold for resources 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. 1The Mineral Resource Estimate was prepared by Gustavson Associates, LLC ("Gustavson" of Lakewood, Colorado. The base case estimate uses a cutoff grade of 0.21 g/t. The 0.14 g/t cutoff is included in the tabulation for comparison purposes. A NI 43-101 technical report summarizing the mineral resource estimate was filed on SEDAR on January 23, 2015. Gustavson completed the mineral resource estimate, with Zachary Black acting as the Qualified Person. 2Resources as per the 2011 Spring Valley Technical Report. The base case estimate uses a cutoff grade of 0.14 g/t.An updated report "Updated NI 43-101 Technical Report on the Spring Valley Project, Pershing County, Nevada" dated November 29, 2012 was filed to clarify responsibilities of the Qualified Persons and to clarify language regarding capping, density, and cutoff values. This updated report made no changes to the resource estimate. Comparison between 2011 and 2014 Resource Estimation The August 12, 2014 press release contained comparisons between the 2011 base case and 2014 sensitivity case resource estimates. For clarity, this comparison has been updated and is presented in Table 2, to show the difference between measured and indicated resources from the 2011 base case (0.14 g/t cutoff) and 2014 base case (0.21 g/t cutoff) resource estimates. Table 2. Comparison Between 2011 and 2014 Base Case Resource Estimates. To view this table, please either click on the link below, or copy and paste the link into your browser: Note: The 2011 base case uses a 0.14 g/t cutoff and the 2014 base case uses a 0.21 g/t cutoff. Comparisons at other cutoff grades can be made by reference to the resource sensitivities presented in Table 1. Whittle Pit-Defined Spring Valley Resources The mineral resource estimate contained in the Reports was further analyzed by a Whittle pit optimization program to determine the portion of the resource which has the potential to be mined by open pit methods based upon the current level of resource development. Open pit models were generated at gold prices ranging between US$1,100/oz and US$1,700/oz in US$200/oz increments. The results are listed below in Table 3. The US$1,500/oz pit model was selected as the base case due to a 3-year trailing average gold price of US$1,543.83/oz. Table 3. Whittle Pit Shell Mineral Resources at Various Gold Prices at a 0.21 g/t Au Cutoff To view this table, please either click on the link below, or copy and paste the link into your browser: Note: Whittle pit optimization was used to determine potentially mineable tonnage from the resources presented in Table 1. Measured, indicated and inferred mineral classification was determined by the variography of each mineral domain. A complete description of the modeling method, environmental and other project risks can be found in the Reports. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The economic parameters used for this analysis are based upon operating costs of similar sized mines currently operating in Nevada and upon estimated gold recoveries from metallurgical tests completed to date. Table 4 summarizes the estimated cost parameters. Table 4. Economic Parameters Used for Whittle Pit Analysis To view this table, please either click on the link below, or copy and paste the link into your browser: The disclosure above supercedes the disclosure presented in Midway's press release dated August 12, 2014. Spring Valley Project, Nevada Spring Valley is a large porphyry-hosted gold system located about 20 miles northeast of Lovelock in Pershing County, Nevada. Barrick achieved their earn-in by spending $38 million to earn a 70 percent interest in the project (see February 24, 2014 press release). The project is now run as a joint venture with Barrick as manager. Midway has converted its 30% interest into a 25% free-carried interest in Spring Valley and will be carried to production, at which point Midway will pay back its share of development capital from production. About The Resource Estimate The resource estimate was prepared by Gustavson Associates, LLC, in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators ("NI 43-101" , and in compliance with the disclosure and reporting requirements set forth in Companion Policy 43-101 CP and Form 43-101F1. Resources have been classified in accordance with standards as defined by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) "CIM Definition Standards - For Mineral Resources and Mineral Reserves", prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council on May 10, 2014. The mineral resource estimate was prepared for and on behalf of Midway Gold Corp and is not a work product of the Spring Valley Joint Venture. The disclosure contained above has been reviewed and approved by Zachary J. Black, a "qualified person" as that term is defined in NI 43-101. Amendment to Gold Rock Technical Report Filed The Company also announces that it has also filed an amendment to its previously filed technical report in relation to its Gold Rock Project. The amended report is titled Amended NI 43-101 Technical Report, Updated Mineral Resource Estimate for the Gold Rock Project, White Pine County, Nevada and has an amended report date of January 8, 2015. This amended report was prepared and filed in order to address inconsistencies between the previously filed report and the Companys press release dated May 28, 2014. Gold Rock Project, Nevada Gold Rock is in the Pancake Range of western White Pine County, Nevada. The property is 10.5 km southeast of Midways Pan Project and approximately 104 km west of Ely, Nevada. Historic gold production at Gold Rock came from the Easy Junior open pit mine during the 1980s and the 1990s. About Midway Gold Corp. Midway Gold Corp. is a precious metals company with a vision to explore, design, build and operate gold mines in a manner accountable to all stakeholders while assuring return on shareholder investments. Midway Gold Corp. Jaime Wells, 720-979-0900 Investor Relations jwells@midwaygold.com www.midwaygold.com Neither the TSX, its Regulation Services Provider (as that term is defined in the policies of the TSX ) nor the NYSE MKT accepts responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include, but are not limited to, statements about the Company's intended work plans and resource estimates, including plans for the further development of the Spring Valley Project and plans for a preliminary economic assessment in relation to the Spring Valley Project. Forward-looking statements are typically identified by words such as: "may", "should", "plan", "believe", "predict", "expect", "anticipate", "intend", "estimate", postulate" and similar expressions or the negative of such expressions or which by their nature refer to future events. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation, risks related to the timing and completion of the Company's intended work plans, risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources and reserves; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; changes in interest and currency exchanges rates; local and community impacts and issues; environmental costs and risks; and other factors identified in the Company's SEC filings and its filings with Canadian securities regulatory authorities. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change. Although the Company believes that such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. For the reasons set forth above, investors should not attribute undue certainty to or place undue reliance on forward-looking statements. Cautionary note to U.S. investors concerning estimates of reserves and resources: This press release and the documents referenced in this press release use the terms "reserve" and "mineral resource", which are terms defined under Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. Such definitions differ from the definitions in U.S. Securities and Exchange Commission ("SEC" Industry Guide 7. Under SEC Industry Guide 7standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures. The references to a "resource" in this press release and the documents referenced in this press release are not normally permitted under the rules of the SEC. It cannot be assumed that all or any part of mineral deposits in any of the above categories will ever be upgraded to Guide 7 compliant reserves. Accordingly, disclosure in this press release and in the technical reports referenced in this press release may not be comparable to information from U.S. companies subject to the reporting and disclosure requirements of the SEC. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...232015.pdf Source: Midway Gold Corp. (TSX:MDW, NYSE MKT:MDW) www.midwaygold.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc. MDW.TO: 0.09 (-0.02), MDW: 0.03 (unch)
Gold Stocks Under Review -- Newmont Mining, Eldorado Gold, Allied Nevada Gold, Rubicon Minerals, and Sibanye Gold
PR Newswire - Wed Jan 21, 8:10AM CST
Investor-Edge has initiated coverage on the following equities: Newmont Mining Corporation (NYSE: NEM), Eldorado Gold Corporation (NYSE: EGO), Allied Nevada Gold Corporation (NYSE MKT: ANV), Rubicon Minerals Corporation (NYSE MKT: RBY), and Sibanye Gold Ltd (NYSE: SBGL). Free research report on Newmont Mining can be accessed at http://get.Investor-Edge.com/pdf/?c=Newmont%2...&s=NEM. The US markets on Tuesday, January 20, 2015, ended on a positive note as the Dow Jones Industrial Average finished at 17,515.23, up 0.02% and the NASDAQ Composite closed at 4,654.85, up 0.44%. The S&P 500 finished the session 0.15% higher at 2,022.55. During the trading session, seven out of ten sectors finished on a higher note. The S&P 500 Materials Sector Index ended the day at 300.87, up 0.11%, with the index advancing 2.46% in the previous three months. Register for your complimentary reports at the links given below.
RBY: 0.95 (unch), ANV: 0.86 (unch), EGO: 3.85 (-0.02), NEM: 22.52 (-0.07), SBGL: 6.68 (+0.21)
Spirit AeroSystems Holdings, Francesca's Holdings, Banro and Allied Nevada Gold highlighted as Zacks Bull and Bear of the Day
PR Newswire - Fri Dec 26, 8:56AM CST
Zacks Equity Research highlights Spirit AeroSystems Holdings (NYSE:SPR-Free Report)as the Bull of the Day and Francesca's Holdings Corporation (Nasdaq:FRAN-Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis onBanro Corporation (AMEX:BAA-Free Report) and Allied Nevada Gold Corp. (AMEX:ANV-Free Report).
SPR: 55.13 (+0.63), FRAN: 13.50 (+0.24), BAA: 0.32 (-0.01)
The Zacks Analyst Blog Highlights: Allied Nevada Gold and Goldcorp
PR Newswire - Fri Oct 17, 8:30AM CDT
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Allied Nevada Gold Corp. (AMEX:ANV-Free Report) and Goldcorp(NYSE:GG-Free Report).
ANV: 0.86 (unch)
Waseco Continues to Advance Its Nevada Gold Project
Marketwire - Fri Aug 08, 8:31AM CDT
WASECO RESOURCES INC. (TSX VENTURE: WRI)(FRANKFURT: WSE) (the "Company"
, reports that preparations continue for a follow-up drill program consisting of 6 to 10 holes, of up to 1,800 meters in total, designed to test and expand several of the known mineralized gold zones identified on the Battle Mountain Ridge Project in Nevada. A video animation detailing the exploration history of the property is available for viewing on the Company's web site. WRI.VN: 0.035 (+0.005)
Nevada Gold Chief Executive Officer Michael Shaunnessy Signs Employment Extension Agreement Through December 2016
GlobeNewswire - Fri Aug 01, 3:15PM CDT
Nevada Gold & Casinos, Inc. (NYSE MKT:UWN) today announced today that it has extended the employment agreement of Michael P. Shaunnessy, as President and CEO for an additional two year period, expiring December 2016. Mr. Shaunnessy joined the company in December 2012 as President and CEO, from MGM Resorts International, where he served as an executive vice president of operations.
UWN: 1.76 (-0.02), MGM: 18.15 (+0.31)
Holland & Hart Represents Silver Standard Resources Inc. in $275 Million Purchase of Nevada Gold Mine
PRWeb - Thu Jul 31, 7:02PM CDT
Holland & Hart LLP served on the legal team representing Silver Standard Resources Inc. in the successful purchase of Marigold mine from subsidiaries of Goldcorp Inc. and Barrick Gold Corp. Total cash consideration paid at closing was $275 million.
SSRI: 6.12 (+0.10), GG: 16.44 (-0.23)
Gold Stocks on our Radar -- AuRico Gold, Harmony Gold Mining, Gold Fields, Allied Nevada Gold, and AngloGold Ashanti
PR Newswire - Tue Jul 29, 7:50AM CDT
On Monday, July 28, 2014, the NASDAQ Composite ended at 4,444.91, down 0.10%, the Dow Jones Industrial Average finished the day 0.13% higher at 16,982.59, and the S&P 500 closed at 1,978.91, up 0.03%. The gains were broad based as seven out of ten sectors ended the session in positive. The S&P 500 Materials Sector Index ended the day at 317.11, up 0.25%, and the index has advanced 1.63% in the last one month. Investor-Edge has initiated coverage on the following equities: AuRico Gold Inc. (NYSE: AUQ), Harmony Gold Mining Company Ltd (NYSE: HMY), Gold Fields Ltd (NYSE: GFI), Allied Nevada Gold Corporation (NYSE MKT: ANV), and AngloGold Ashanti Ltd (NYSE: AU). Free research on these five companies can be accessed at:
ANV: 0.86 (unch), HMY: 1.18 (-0.03), AUQ: 2.86 (+0.10), AU: 8.10 (-0.09), GFI: 3.07 (-0.08)
Waseco Advances Nevada Gold Project
Marketwire - Thu Jul 24, 8:02AM CDT
WASECO RESOURCES INC. ("WRI"
(TSX VENTURE: WRI)(FRANKFURT: WSE), is pleased to provide the following update on activities relating to its Battle Mountain Ridge Gold project in Nevada: WRI.VN: 0.035 (+0.005)
