SOURCE: Midas Gold Corp.

Midas Gold Corp.

June 15, 2015 17:57 ET

Midas Gold Presented With 2015 Environmental Excellence Award by Idaho Association of Commerce & Industry

VANCOUVER, BC--(Marketwired - June 15, 2015) - Midas Gold Corp. (TSX: MAX) (OTCQX: MDRPF) ("Midas Gold" or the "Company") is pleased to announce it has been presented with the 2015 Environmental Excellence Award from the Idaho Association of Commerce & Industry ("IACI") in recognition of innovative environmental leadership and accomplishment, which have achieved outstanding results in environmental protection and enhancement.

Midas Gold was recognized for investing time, resources and expertise into restoring areas of pre-existing environmental disturbance, improving local water quality, and enhancing fish habitat in the Stibnite-Yellow Pine area of central Idaho, while moving forward with mineral exploration through sustainability initiatives that minimize environmental impact.

"Midas Gold is honoured to receive this award from one of Idaho's leading business associations," said Stephen Quin, President & CEO of Midas Gold Corp. "Our focus on the restoration of the Stibnite Gold Project site is part of a long term commitment to environmental improvement and sustainable development, and we look forward to building on these efforts in the future."

The Stibnite-Yellow Pine mining district has been impacted by nearly 100 years of mining activities conducted by prior operators. Midas Gold hopes to revive this historic mining area through a carefully planned redevelopment program that is based upon clean-up and restoration of the site as well as significant, well-paid employment over an almost 20-year period.

Please see the annual Sustainability Report (available at www.midasgoldidaho.com) for details of Midas Gold's current restoration activities at the Stibnite Gold Project site and its efforts to develop sustainable forms of energy. Over the past several years, more than 30,000 trees have been planted to reduce sediment runoff and improve water quality, eight acres of historically disturbed lands have been restored, and more than 30 tons of scrap metal left by prior operators have been recycled or removed. Midas Gold has also established a solar power system at Stibnite which has greatly reduced diesel fuel consumption for its camp and on site activities. These achievements were accomplished in parallel with its exploration activities, where 100% of its drill sites have been reclaimed, and which generated significant investment in the project, expenditures in the surrounding communities and local employment.

About Midas Gold and the Stibnite Gold Project
Midas Gold Corp., through its wholly owned subsidiaries, is focused on the exploration and, if warranted, development of gold-antimony-silver deposits in the Stibnite‐Yellow Pine district of central Idaho that are encompassed by its Stibnite Gold Project.

Forward-Looking Statements
Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as "anticipates", "expects", "understands", "has agreed to" or variations of such words and phrases or statements that certain actions, events or results "would", "occur" or "be achieved". Although Midas Gold has attempted to identify important factors that could affect Midas Gold and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended, including, without limitation, unforeseen circumstances that may cause the costs associated with the ongoing advancement of the Stibnite Gold Project to be higher than management's expectations; fluctuations in metal prices; permitting requirements and restraints; and uncertainties related to raising sufficient financing in a timely manner and on acceptable terms. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Midas Gold does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact Information

  • For further information about Midas Gold Corp., please contact:
    Liz Caridi
    Manager, Investor Relations
    (t): 778.724.4704
    (e): info@midasgoldcorp.com