Saturday, November 29, 2014

Former Politicians, Idaho Gubernatorial Candidate Included on New Board for Midas Gold Subsidiary

Posted By on Sat, Nov 29, 2014 at 10:28 AM

Some familiar names have surfaced on the new board of directors for a subsidiary set up to oversee the gold exploration prospects for Midas Gold.

To date, Midas Gold has pulled samples from sites in and around its mining claims near the Valley County community of Yellow Pine. And Midas Gold has pumped nearly $79 million into its test drilling at its Valley County project since 2010. But Midas Gold has high expectations—company officials indicated in September that the mining claims contain as many as 5.4 million ounces of gold. And that could pull down as much as $5.5 billion.

And now, this week's McCall Star-News reports that the Vancouver, B.C.-based company has brought on a number of familiar players to its so-called "Stibnite Gold Project." New board members include former McCall Mayor Don Bailey; former Valley County Commissioner Frank Eld; Scott Davenport, founding member of the Valley County Economic Development Council; Ronn Julian, former district ranger on the Boise National Forest; Keith Allred, former Democratic candidate for Idaho governor; and Laurel Sayer, a former staffer for Idaho Congressman Mike Simpson. 

Midas Gold is expected to complete a much-anticipated study, indicating how it will best extract gold from the Stibnite Gold site, by the end of the year.

So far, Midas gold employs 32 people in its Idaho operation.

Tags: , ,

Pin It

Comments (2)

Showing 1-2 of 2


Comments are closed.

Join the conversation at
or send letters to

© 2017 Boise Weekly

Website powered by Foundation