News Column

United States : MIDWAY GOLD CORP. receives BARRICK GOLD EXPLORATION 2014 budget

May 20, 2014

Barrick Gold Exploration 2014 spending plan for Spring Valley, Pershing County, Nevada has been received by Midway Gold Corp.

The budget incorporates $8.3 Million for project development and $5 Million for exploration for a total of $13.3 Million in proposed investment this year.

President and CEO of Midway, Ken Brunk, said : "This budget reflects an approval to advance the project to the prefeasibility stage and to advance more studies related to development. Barrick has mobilized one R/C drill rig as well as 2 core rigs to Spring Valley for further in-fill drilling primarily focused on upgrading the categories of the resource. We are committed to realizing Spring Valley's value for our shareholders and plan to provide an update on the resource this quarter."

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Source: TendersInfo (India)