Midway Gold Corp. announces continued expansion of the gold discoveries at the Midway Project with the results from four vertical water monitor wells and five angle step-out exploration holes completed in December, 2006. The best intercept was an extension of the Dauntless zone with a 10 foot intercept of 0.31opt gold in Hole MW06-47H, a well drilled to monitor hydrologic testing. The vein is estimated to be four foot true width and is approximately 130 feet south of the Dauntless zone. Midway was installing a series of 14 monitor wells to study the dewatering costs for an underground decline when the gold was encountered. These tests indicate that gold persists in vein zones peripheral to the Discovery Zone. Although the vertical monitor wells did not specifically target gold-bearing vein zones, they were located within southern extensions of the Discovery and Dauntless zones. Currently, it is unclear whether this is the Dauntless vein or a sub-parallel splay.
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