Midas Gold Updates on Metallurgical Work at Golden Meadows

Midas Gold Corp. (TSX:MAX,OTCQX:MDRPF) announced an updated on the metallurgical test program for its Idaho-based Golden Meadows project. The company’s metallurgical consultants have been working on defining the project’s metallurgical parameters for use in an upcoming preliminary feasibility study.

Metallurgical highlights include:

Following the successful completion of an extensive independent metallurgical test program, Midas Gold is able to demonstrate, to a level of confidence required to support its planned PFS, metallurgical parameters that are generally comparable with those set out in the Preliminary Economic Assessment published in September 2012. Taking into consideration the different deposits, types of mineralization and processing methods contemplated, it is anticipated that recovery parameters to be utilized in the PFS will range between 80-90% for antimony, while overall gold recovery to doré after POX and/or leach are forecast to average 88-91% for Hangar Flats, 81-84% for West End and 90-92% for Yellow Pine. Additional details on the metallurgical program are set out below, while more detailed information will be included in the Technical Report summarizing the results of the PFS later, which will be filed later in 2014.

Stephen Quin, president and CEO of Midas Gold, commented:

During the past 24 months, Midas Gold and its independent metallurgical consultants have completed an extensive and rigorous metallurgical program designed to support completion of a Preliminary Feasibility Study. Successful completion of this program marks a major milestone on the road towards completion of the Preliminary Feasibility Study. Overall results of the metallurgical test program support excellent overall gold and antimony recoveries from all three deposits.

Click here to read the full Midas Gold Corp. (TSX:MAX,OTCQX:MDRPF) press release.