Kinross Completes Initial Drilling At Thunder Mountain

VANCOUVER, BC - Midway Gold Corp. reported that a first pass drill program was completed by Kinross Gold at Midway's Thunder Mountain project. Seven reverse circulation holes (3440 feet) were completed in late December. Assay results are pending. Kinross has also added 103 claims (3.2 square miles) to the project area. Kinross can earn a 75% interest in the project pursuant to an exploration and option to joint venture agreement, by incurring $3 million on the project within five years.
"Kinross has quickly begun to evaluate the Thunder Mountain project as they aggressively explore for gold," said Alan Branham, President and CEO of Midway Gold Corp. "They have tested a few obvious targets and have expanded the land package in this early stage exploration project. We are excited to see what their expertise, developed at their Round Mountain mine site north of this project, will produce."
In 2008, Midway drilled 1,120 feet in 4 RC holes, on the Thunder Mountain project, testing for high-grade veins to complement the Midway Project resource, located six miles to the northwest. Recent drilling has intercepted higher grade gold in silicified breccias hosted rhyolite tuff containing 70 feet of 0.105 ounce per ton gold beginning at a 55 foot depth and 40 feet of 0.135 ounce per ton gold at 70 foot depth along with other reported intercepts. Two veins were intercepted with the best intercept reporting 5.5 feet (true thickness) of 0.389 opt gold in the Beckie vein (Press Release May 1, 2008). Kinross began work on the project in the 3rdquarter and completed a first pass drill test in late December. The drilling off-set the known Beckie zone and targeted three other areas in the project.
The company's address is 600 Lola Street, Suite 10, Helena, MT 59601, (406) 475-9595, fax: (406) 475-9596, email: [email protected].