Midas Resources June quarterly and company update.
Mon, 30 Jul 2012 10:15am
Geoff Balfe, Managing DirectorThe Board is encouraged by the rapid progress in the Paterson Province, especially the results of the recent VTEM survey. The Company is preparing for the diamond drill testing of two high quality targets in Q3 2012 both of which are geophysical targets. Given success on either of these targets additional drill holes can be drilled in the current program in order to commence the scoping out of Resources. The Fortitude scoping study has identified toll treatment at a third party facility as the preferred mining and treatment option and the Company is now focussing on the commercial framework for such a venture. MORE