Midlands to Resume Drilling on Sian-Praso Following New MMI Geochemical Survey and Geological Reinterpretation
 Midlands Minerals Corporation ("Midlands" or the "Company") (News - Market indicators)(OTCQX:MDLXF) is pleased to announce that the Company has began mobilization in preparation of resuming drilling on their Sian/Praso tenements in the giant Ashanti Gold Belt of Ghana. A phased sequential combination of diamond drill (DD) and RC (reverse circulation) program of 50,000 metres will shortly be initiated. An initial 20 holes of diamond core drilling with a planned hole depth of 150 metres are planned on drill targets on the Sian property.
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

During the break in the drilling program, Midlands has been able to better define drill targets through a combination of geological reinterpretation of the airborne geophysical survey and a new MMI geochemical survey capable of detecting gold anomalism below cover. The redefining of drill targets is an ongoing process. These advancements, in conjunction, have indicated that Sian Praso comprises a zone where major ENE-trending lineaments control the location of multiple NNE-trending gold mineralised zones.

Please click on the links below for maps of contoured geochemical anomalies:

www.midlandsminerals.com/press_releases/images/DTM_Drill_Holes_Geology_JUN11.pdf

www.midlandsminerals.com/press_releases/images/DTM_Drill_Holes_Geochem1_JUN11.pdf

The ENE-trending lineaments trace back broadly to those that control the location of the giant Ashanti/Obuasi and Akyem gold deposits to the northwest and southwest respectively. The NNE-trending structures are in the same orientation as Chirano and Bibiani gold mines on the Sefwi Gold Belt and the Abore and Obotan gold mines on the Asankrangwa Gold Belt.

At Sian-Praso, the intersection of these lineaments has produced a very broad zone of gold anomalism over an area of 15 square kilometres. Within this, there is a particularly focussed zone immediately to the north of, and to the south and west of the Esaase open pit. Initial Diamond drill holes will test a NNE-trending mineralised zone. At the same time, ground follow-up, including trenching, is being used to rank a number of robust geochemical targets to the east, south and southwest of the Esaase open pit. These will be drilled in the coming weeks as assay results are further interpreted.

Another newly defined zone of renewed interest is the granite contact with the volcanic rocks to the west of the Esaase open pit. A major gold geochemical anomaly lies along this contact, extending for 1.2 kilometres along strike. Some previous reconnaissance drilling in 2007/2008, defined thick intersections of 1.1 g/t over 29 metres Au and 25 metres at 0.6 g/t Au in the Mpeyo area (drill holes MERC035 and MERC040), (please refer to News Release of January 8, 2008). This raises the potential for bulk low-grade mineralisation along the granite contact, as in other deposits elsewhere in the world.

Kim Harris, President and CEO of Midlands, said, "Our new geochemical results are very exciting and provide an excellent foundation for renewed Diamond drilling at Sian/Praso. We seem to have the right combination of structural controls and coincident geochemical anomalies to help us select drill targets and increase our 0.6 moz gold resource."

The technical information in this news release has been reviewed by Tom Neelands, P.Geo., a Qualified Person under National Instrument 43-101 and David Groves, Ph.D., a Technical Advisor to Midlands Minerals Corporation.

Quality Assurance and Quality Control

With reverse circulation (RC) drilling, the chips are split on site into two 2 kg samples, where one is kept for reference and the other is sent to a qualified laboratory. A three-tablespoon portion of the 1.0 m sample is screened to greater than 1 mm, washed, logged and stored in plastic trays for reference. All RC samples were sent to the SGS Laboratory in Tarkwa, Ghana, where they were assayed using standard 50-gram fire assay with atomic absorption finish. Quality control included the submission of blanks and standards, which represented 10% of the total samples submitted. Intercepts shown above were calculated using a minimum of a 0.5 g/t cut-off.

ABOUT MIDLANDS MINERALS

Midlands is a growth oriented and value based gold exploration company operating in Ghana and Tanzania, two stable countries with a history of gold mining. Midlands' top priority project is the fully permitted Sian gold project in Ghana. The Sian property contains Esaase and Ampeha, two previously producing open pit mines with a resource with significant growth potential. Midlands' contiguous Kwahu Praso project, which was once part of Sian, contains extensions of the Esaase and Ampeha trends. Sian and Praso are just 30 kilometres northeast of Newmont Mining's +8.7 million-ounce Akyem gold deposit.

Midlands' second priority project in Ghana is the highly prospective Kaniago gold project, which is located on the Asankrangwa Gold Belt and is contiguous to two past open pit gold producers – Abore to the north and Obotan to the south.

Midlands also holds highly prospective licences for gold and diamonds in the Lake Victoria Goldfields in Tanzania, including its advanced Itilima Gold Project, which lies within the Geita-Bulyanhulu-Sekenke Trend, which is host to over 40 million ounces in gold reserves, and has now added to its Tanzania portfolio with the acquisition of the New Kilindi-Handeni prospecting licences.

The Company has a highly qualified management and technical team with broad African experience and extensive experience in the countries in which the Company operates. For more information on the Company, please visit Midlands' website at www.midlandsminerals.com.

On behalf of the Board

Kim Harris, President and Chief Executive Officer

Data and Statistics for these countries : Ghana | Tanzania | All
Gold and Silver Prices for these countries : Ghana | Tanzania | All

Midlands Minerals Corporation

EXPLORATION STAGE
CODE : MEX.V
ISIN : CA59780W1014
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Midlands Min. is a gold exploration company based in Canada.

Midlands Min. holds various exploration projects in Ghana.

Its main exploration properties are ITILIMA in Tanzania and KANIAGO, KWAHU PRASO and SIAN in Ghana.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate Presentations of Midlands Minerals Corporation
10/15/2007Featured in the October 19, 2007 Edition of the Investor's D...
Financings of Midlands Minerals Corporation
5/28/2007Announces up to $2.4 Million Private Placement to Accelerate...
Project news of Midlands Minerals Corporation
7/24/2015Midlands Minerals Corporation completes acquisition of Alder...
3/25/2015Asanko Initiates Near-mine Exploration Program
10/30/2014Midlands Minerals announces further high-grade silver interc...
6/13/2011(Sian)to Resume Drilling on Sian-Praso Following New MMI Geochemic...
5/2/2011(Kaniago)Kaniago Discovery Hole KNRC-001A Returns Positive Drill Resu...
3/7/2011(Kaniago)Drilling for Gold on Midlands' Kaniago Commences in Ghana, W...
2/20/2008(Sian)Reports New Resource Estimate Expected on Sian - Ghana
2/4/2008(Kaniago)Confirms Kaniago Soil Zones are on Direct Strike with Signif...
1/9/2008(Sian) Reports Two Significant Gold Structures 1.5km Southwest of ...
12/14/2007(Sian) Follow up Drill Results Confirm New Zones At Sian - Ghana
11/27/2007Intersects 23 Meters Grading 2.5 g/t at Depth on Sian - Ghan...
10/29/2007(Kaniago)Announces Drill Results Indicate Esaase Gold Deposit is part...
10/11/2007Intersects Akyem Type Carbonate-Silica Mineralization and Po...
7/24/2007Hole # 5 Intersects 3 Significant Gold Intervals Distributed...
6/11/2007INTERSECTS NEW PREVIOUSLY UNKNOWN GOLD ZONE EAST OF ESAASE P...
Corporate news of Midlands Minerals Corporation
9/10/2015Rosita Mining Commences 2,500 Metre Drill Program, Nicaragua
8/18/2015Midlands Minerals Corporation Completes Acquisition Of Alder...
8/18/2015Midlands Minerals Corporation provides update on business co...
7/24/2015IIROC Trading Halt - MEX; ALR
7/20/2015Midlands Minerals Corporation Provides Update on Business Co...
4/23/2015Midlands Minerals announces withdrawal from Parlozi option a...
2/11/2015Midlands Minerals Sells Kaniago Gold Project to Asanko Gold
11/17/2014Midlands Minerals Corporation Appoints New Member to the Boa...
10/30/2014Midlands Minerals Announces Further High-Grade Silver Interc...
9/3/2014Midlands Minerals Drills High-Grade Polymetallic Mineralizat...
5/30/2014Midlands Minerals Starts Drilling on the Parlozi Project
5/15/2014Midlands Minerals Appoints Nancy Curry To Provide Investor R...
5/14/2014Retransmission: Midlands Minerals Receives Significant Resul...
5/13/2014Midlands Minerals Receives Significant Results from the Parl...
4/29/2014Midlands Minerals Announces the Parlozi Zinc-Lead-Silver Pro...
4/24/2014Midlands Minerals receives TSXV approval for Parlozi
4/7/2014Midlands Minerals Enters Into a Definitive Agreement to Opti...
8/28/2013Receives $3.4 Million and Reviews Strategy
7/31/2013(Sian)Obtains Shareholder Approval for the Sale of Shares of Akrom...
6/21/2013(Sian)Enters into Share Purchase Agreement to Sell Shares of Akrom...
6/4/2013(Sian)Agrees to Sell Shares of Akroma Gold Company to JV Partner S...
11/5/2012(Sian)Continues Negotiations with Sian JV Partners
2/28/2011(Sian)Gold Potential Increases With New Structural Interpretation ...
2/21/2008Interview With Wall Street Reporter
11/16/2007Drilling Extends Esaase Zone 400 Meters North and 200 Meters...
11/8/2007Reports Exploration Update on Sian - Ghana
10/16/2007Announces New Gold Zone Grading 2.77 G/T Over 3 M, 940 Meter...
10/12/2007Toronto Resource Investment Conference
9/12/2007Announces Commencement of Second Half of Drilling on Sian - ...
9/5/2007Announces Gold Zone Extends North and at Depth at Midpoint o...
8/9/2007Expands Gold Zone Southwest of Esaase Pit on Sian-Ghana
6/28/2007Announces the Emergence of a Gold Bearing Structure Parallel...
6/22/2007Announces Initial Research Coverage by Haywood Securities in...
6/21/2007Extends Mineralization to Vertical Depth of 220m and Reports...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (MEX.V)
0.125+0.00%
TSX-V
CA$ 0.125
04/16 15:37 -
0%
Prev close Open
0.125 0.125
Low High
0.125 0.125
Year l/h YTD var.
0.060 -  0.135 56.25%
52 week l/h 52 week var.
0.060 -  0.135 13.64%
Volume 1 month var.
3,000 56.25%
24hGold TrendPower© : -5
Produces
Develops
Explores for Diamonds - Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/6/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
202466.67%
2023275.00%0.140.01
2022-42.86%0.060.02
2021-73.08%0.150.04
202030.00%0.170.03
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.74+0.45%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.11+2.21%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55-0.90%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.47+3.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.25-3.42%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.79-3.76%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.57+0.84%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :