Midas Resources Limited is a West Australian based company with a significant gold project at Lake Carey, south of Laverton. The Company also maintains a targeted generative program looking for “company makers”.
Midas has the Fortitude gold deposit in Western Australia at Lake Carey
(473,000oz) where the Company is carrying out a scoping level study into a
possible open pit development. A decision to carry out a feasibility study
would follow-on from the results of the scoping level study.
Midas has also recently acquired Mulga Minerals Pty Ltd, a company that holds Iron Ore tenements in the Pilbara District, Western Australia. Midas has completed sampling on several tenements and an exploration Target has already been identified that will be drilled in Q1/Q2 2010.
In the Paterson Province, East Pilbara District, the Company has formed a joint venture known as the Paterson Joint Venture to explore 1,200km2 of highly prospective ground in the Nifty area where the JV has a number of tenement applications.
Midas’ strategy is to focus on our advanced gold project at Lake Carey and the new Pilbara Iron ore projects and to seek new opportunities to acquire quality gold, nickel and base metal projects that have drilled mineralisation or resources and good exploration upside.
The information within this website as it relates to exploration results, geology and mineral resources was compiled by Mr. Paul Dunbar who is a member of the Australian Institute of Mining and Metallurgy. Mr. Dunbar is a full time employee of the Company and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Dunbar consents to the inclusion in this website of the matters based on his information in the form and context in which it appears.
