Midas Gold Prospect located about 3 miles southeast of Wenden, Arizona and about 85 miles west of Phoenix. The property consists of two unpatented association placer claim consisting of 320 acres. There are several other unpatented 160 acre placer claims in the immediate area that may be purchased or leased for a fair price and added to the Midas Package. Placer gold occurs here in fine grains, flakes and small nuggets in shallow gravels (often very rich paystreaks ) We have about 20 assays taken from mine dumps veins, etc running from traces to 2.50 oz au per ton.

The claims have both placer & lode potential

On the south end of the property narrow rusty quartz veins cut the altered granite-gneiss assaying over 2.5 oz per ton gold with anomalous silver and copper. Water can be obtained from wells drilled in the valley below where a millsite could be constructed.

The property is readily accessible by two wheel drive the year around.

The Midas claims were originally located and staked for their placer gold potential. Our testing using hand methods, shoveling the sand and gravel through a dry-washer produced abundant fines, grains, flakes and a few small nuggets. We can only estimate the grade but it appeared to average 0.05 to 0.10 ounces per cubic yard estimating the amount of material processed and the gold recovered. The placer gold on these claims is derived from rusty (iron stained) quartz veins, veinlets and from limonite-hematite stained fractures within the altered gnessic rock on the claims.

The country rock (granite gneiss) is altered giving it the appearance (a bleached, discolored, iron stained look) of a leached cap or capping overlying a gold-copper rich porphyry deposit at depth. We have sampled some of the veins, small dumps, quartz stockpiles and barren rock for background and have had gold assays exceeding 2.50 ounces per ton with minor silver and copper. We used Chemex Labs in Reno, Nevada and they ran 20 rock samples for 32 elements. Bismuth, often considered a good pathfinder for large ore deposits was highly anomalous, often exceeding 10 and over 100 ppm. Bismuth because of its low mobility indicates close proximity to a deposit. The average background for bismuth is between 0.10 to 0.20 ppm.  Some of our rock samples were 50 to 1000 times greater then background in bismuth. 

Both Cypress and Noranda did considerable work just east and northeast of the Midas. They were exploring for a large gold rich copper porphyry system. Over a three year span the two companies drilled well over fifty RC holes and a massive amount of trenching with backhoe and bulldozer. This work was done in the early 1980’s. The owner at the time of the present day Midas ground apparently would not deal with these companies and the Midas ground remained untested by modern exploration techniques. We picked up the ground when the owner finally dropped it when gold prices dropped to $250 an ounce.

•    Two of the samples assayed 1 ounce of gold (au) or better.
Sample # 229615 ran 33.5 ppm or 1 oz. au per ton.
Sample #229605 ran 83.8 ppm or over 2.5 oz au per ton.

•    Bismuth (bi), often a pathfinder element for many types of ore deposits is most interesting. Wherever we had anomalous or ore grade gold we had highly anomalous bismuth.

•    Molybdenum (mo) often associated with porphyry type deposits is also present in anomalous amounts, 10 of the 20 samples ran 5x over background or more.

•    And lastly we have a large area of alteration with soda (na) depletion. Soda depletion is another characteristic of some types of ore deposits. Of the 20 rock samples all were depleted in na.

1.    Approximately 80 air miles WNW of downtown Phoenix.
2.    4 miles south of railhead.
3.    4 miles south of powerlines.
4.    4 miles south of Hwy 60.
5.    Approximately 8 miles east of several small airstrips at Salome.

This is a great opportunity for someone interested in placer or lode mining
or an investment opportunity as gold and other metal values continue to climb.

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