Midway Gold Corp.
TSX VENTURE : MDW

Midway Gold Corp.

January 13, 2006 12:31 ET

Midway Adds a Second Drill Rig at Midway Project Nevada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 13, 2006) - Midway Gold Corp. (the "Company") (TSX VENTURE:MDW) announces a second drill rig will be sent to the Midway project, in Nye Co., Nevada.

In order to conduct more aggressive follow-up on the newest Dauntless vein discovery, a second reverse circulation drill rig was added to the project. Recent drilling encountered 30.5 metres (21.3 metres true width) grading 15.41 grams gold per tonne in hole MW 409 and 25.9 metres (18.2m true width) grading 1.95 grams gold per tonne in hole MW 410. Eklund Drilling, of Elko, Nevada will be added to drilling to test the expansion of the Dauntless vein zone. The new zone lies at less than 150 foot depth, beneath sand cover. The Dauntless discovery lies outside the modelled resource and is open along strike and at depth.

This target is hosted within the basement Palmetto argillite and contains abundant dikes and veins. This high-grade vein appears to be occurring within a dialation shear, adjacent to the large Walker Lane-Rye Patch fault system. At least four additional targets similar to the Dauntless zone have been identified for testing. Approximately 20 to 40 new holes are planned in the current drill plan. The Midway gold property information can be viewed at http://www.midwaygold.com/Midway.htm.

Details of Midway Gold's projects are available on the Company's website at www.midwaygold.com.

Midway Gold Corp. is a precious metals exploration company, listed as a Tier 1 issuer on the TSX Venture Exchange under the symbol "MDW". Midway focuses on the creation of value for shareholders by exploring and developing high-grade, quality precious metal resources in stable mining areas. This release has been reviewed and approved by Company President and CEO Alan Branham (P.Geol.), a "qualified person" as that term is defined in National Instrument 43-101.

ON BEHALF OF THE BOARD

Alan Branham, President and CEO


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Midway Gold Corp.
    Ron Cooper
    (604) 986-0112 (Canada) or (877) 692-8288 (US Toll Free)
    www.midwaygold.com