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Location: 95 km NW from Elko, Nevada, United States
6500 North Mineral Drive Suite 200Coeur d’AleneIdaho, United States83815-9408
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On a general scale, the hydrothermal system and subsequent mineralization developed at Midas is currently interpreted as a low sulfidation, epithermal precious-metal vein system, as part of a larger magmatic system at depth.The Midas Mine is the largest known Au-Ag epithermal deposit along the Northern Nevada Rift (“NNR”) and is located, located in the mining district of Midas, also known as the Gold Circle district. The Midas deposit consists of a series of complex steeply dipping, quartz-calcite-adularia precious metal veins hosted by volcanic and volcanoclastic rocks and locally contains mineral grades greater than (>) ten ounces per ton (opt) of gold. Gold mineralization occurs as electrum and is intimately associated with selenide and sulfide minerals. It belongs to a suite of middle Miocene low-sulfidation epithermal gold and silver mineralizing systems associated with magmatism and faulting along the NNR (Leavitt et al., 2004). The mineralization model at Midas is a shallow, low-sulfidation, vertically- and laterally-zoned, epithermal gold-silver system. Rocks in the Midas district are primarily ash flow, air-fall and lithic tuffs, felsic plugs, volcanoclastic sediments and gabbroic sills and dikes. Gold and silver mineralization at Midas is hosted in several north-west striking veins. The veins are divided into four principle groups based on their location and orientation. The two groups hosting mineral resources are the Main Veins which dip easterly and are predominantly gold mineralization, while the East Veins dip to the west and have a much higher silver content then the main veins.
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