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Pan heap-leach gold project, US

23rd August 2013

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name and Location
Pan heap-leach gold project, Nevada, US.

Client
Midway Gold Corporation.

Project Description
The Pan property is located at the northern end of the Pancake mountain range, in western White Pine County, Nevada.

The near-surface deposit is ideally suited to openpit mining methods and will be mined from two separate openpits, North and South, for a total mine life of nine years.

Value
$99.17-million.

Duration
Construction is expected to start in the final quarter of this year and production in 2014.

Latest Developments
Midway reports that permitting, financing, and engineering optimisation continue to advance on schedule.

For the financing discussions, an updated feasibility study will incorporate optimisation and detailed engineering conducted after the November 2011 feasibility. The revised feasibility study, with updated costs, is expected in the third quarter of this year.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Midway Gold Corporation, tel +1 720 979 0900 or fax +1 720 979 0898.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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