Midas Gold

Location & Access 38 km from Dawson and accessible through a network of improved dirt roads.
Size 65 claims, 1322 hectares
Ownership 100%
Work to date Previous work on the project has been limited to soil sampling, rock sampling and trenching with no known previous drilling.
Target Gold hosted in quartz veins
Adjacent Projects Dominion Creek and Sulphur Creek

The Midas Property covers an area of approximately 1,322 ha consisting of 65 contiguous quartz claims located 38 km from Dawson and accessible through a network of improved dirt roads. The project is located within a similar geological environment to the Gold Run Property but covers a separate parallel southwest dipping thrust fault, the Gold Run Fault. The project is bound by Dominion Creek and Sulphur Creek, which are two world-class placer gold deposits. Combined, these creeks have yielded an estimated 2,000,000 ounces of placer gold since discovery in 1896.

 

Mineralization at the project consists of north to north-west trending quartz veins that are typically 1 to 30 cm in width and moderately to highly anomalous in gold, limonitic and contain traces of pyrite, galena, and copper sulphosalts. Pyritized, carbonatized, silicified and sericitized alteration envelopes adjacent to the quartz veins are typically weakly to moderately anomalous in gold and can occur in semi-continuous zones up to 20 m in width.

 

Recent Developments

 

Previous work on the project has been limited to soil sampling, rock sampling and trenching with no known previous drilling. This work has identified seven zones, most significant of which is the high-grade Carib Zone where limited trenching suggests a minimum 570 m strike length that is open ended. A 2018 trench at the Carib Zone encountered a quartz vein that assayed 83.5 g/t gold and 435 g/t silver over a 1.0 m channel sample (Trench 18-19) and is open for expansion to the north. A second trench sample at the Carib Zone returned 50.5 g/t gold and 1,977 g/t silver over 0.6 m (Trench T3-17).