Waterford

Waterford

An extensive VHMS base-metal target in County Waterford situated along strike from Parys Mountain, Wales (6.5Mt @ 10% combined Cu/Pb/Zn) currently under development by Anglesey Mining PLC and the Avoca deposit in County Wicklow, Ireland (16Mt @ 0.6% Cu + Au/Ag credits). The rocks from the belt of Lower Paleozoic sediments and volcanics have some strong similarities to those seen in Bathurst, the Tulks Belt in Newfoundland, and the Wolverine deposit Yukon. Midas initially seeks investment via part sale of the company’s stock.

Midas Mineral Resources is an exploration and development company, focused on Ireland and operating in areas of known base-metal mining, base-metal and gold mineralization or prospectivity contained within forty two mineral exploration licences totaling approximately 1400km2 in the Irish Republic.

The company also has a further twelve licences totaling some 350km2 under application. The Company’s exclusive rights to explore a portfolio of forty-two (42) mineral exploration licences, for gold and base-metals in Ireland make it the third largest licence holder in the country behind New Boliden and Teck Cominco. Midas has made applications for a further twelve (12) licences, including a block on the productive and highly prospective Rathdowney Trend home to the Lisheen and Galmoy Mines. Despite its relatively small size at 70,000 km2, the Republic of Ireland has a notably diverse geology and is prospective for a range of minerals.