Junior could hit Nevada's next geological jackpot

Though Nevada's world-famous gold fields have historically yielded over 150 million gold ounces, they are still proving to be geologically fertile hunting grounds for exploration-minded junior mining companies. Two good examples are Auex Ventures and Fronteer Gold. Their gold finds were scooped up earlier this year for the princely sum of $2.3 billion by Nevada's deep-pocketed dominant gold miner, Newmont Mining NEM. (This came on the heels of Fronteer gobbling up Auex in a deal worth $280 million). Both Auex and Fronteer were listed on Canada's mining-oriented TSX stock exchange. Now several dozen other mining juniors are vying for their own big pay days. They include Midway Gold (TSX: V.MDW), which has made a significant gold discovery at its Spring Valley Project in the Humboldt gold trend. This is where 2.16 million ounces of gold have been outlined, along with drill-inferred indications that a further two million ounces are also within reach. Continue reading the article.