ADVERTISEMENT
Advertise Here

Office Hours

Posts tagged: Midas Gold Corp.

Mining company exploring for gold near Yellow Pine

BOISE — A Canadian company is spending millions of dollars exploring for gold deposits in a historic mining district near the tiny mountain town of Yellow Pine.

The exploration activity is taking place in the so-called Stibnite district, located in central Idaho about 50 miles east of McCall. The site produced nearly a million ounces of gold between the 1920s and late 1990s.  

The Lewiston Tribune reports that the Midas Gold Corp. acquired control of the district in 2009 and has filed additional mineral claims.

Company officials talked about their exploration project Monday before the House Environment, Energy and Technology Committee.  

Company Vice President Anne Labelle told lawmakers a decision has not yet been made if the new deposits are big enough to justify spending millions more on developing a mine.

Get blog updates by email

About this blog

The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.

Sign up for our business email newsletter
Latest comments »

Read all the posts from recent conversations on Office Hours.

Contributors

John Stucke John Stucke is a deputy city editor who helps build local news coverage and writes about health care, bankruptcy and rural affairs.

Recent work by John

Alison Boggs Online Producer Alison Boggs posts and manages content on spokesman.com and its social networking accounts.

Recent work by Alison

Scott Maben Scott Maben is a Deputy City Editor who covers North Idaho news and higher education.

Addy Hatch is the city editor, and formerly was business editor.

Search this blog
Subscribe to this blog
ADVERTISEMENT
Advertise Here