Latest News from Midlands
FOR IMMEDIATE RELEASE JUNE
11th, 2007
|
MIDLANDS MINERALS INTERSECTS NEW PREVIOUSLY UNKNOWN
GOLD ZONE EAST OF ESAASE PIT ON SIAN - GHANA
|
TSX-VN: “MEX
TORONTO CANADA,
June 11th, 2007: Midlands Minerals Corporation
(“Midlands” or the “Company”) is pleased to announce
the scout RC drilling on Esaase open pit extensions intersected a new
previously unknown gold zone 350 meters from the Esaase open pit mine, and 100 meters from the
Esaase East gold showing on the Sian property.
The results from the RC hole re-enforce the potential of the gold anomalous
trend identified over a strike length of 16 kilometres, giving Midlands control over a significant gold district as
reported in the Company’s Press Release of September 21st,
2006.
“The intercept of this new gold zone confirms significant potential
for the discovery of a new and additional resource on Sian. The results from the first two diamond drill holes
with intersections of 10.81 g/t over 7 meters including 24.3 g/t over 3 meters
in the first hole, and in particular, the 65 meter pyrite zone in the second
hole, have greatly increased our confidence”, said Kim Harris, President and Chief
Executive Officer.
RC hole MERC-002 intersected 1.51 g/t Au over 5 meters within an
anomalous interval of 19 meters averaging 0.61 g/t Au. This area was not
previously explored on the Sian property and
is potentially a new discovery. The results from this RC hole confirm that
additional gold zones could be found in other gold soil anomalies than those
anomalies generally associated with known gold occurrences on the Sian property.
Sian, a fully permitted past open pit gold producer located 30 kilometres
northeast of Newmont Mining’s 8+ million ounce Akyem gold deposit,
produced gold between 2001 and 2004 with a mineral recovery of 91%. The Sian gold mineralization type is a silica-carbonate
alteration with disseminated pyrite similar to that found at
Newmont’s Akyem gold deposit.
Assay results received and interpreted so far represent 4 out of 19 RC
holes and 2 out of 9 diamond drill holes. Other assay results are still
pending.
The RC drilling program consisting of 19 holes and 1536 meters, was
designed to find new mineral resources along strike of the Esaase pit and on
soil anomalies parallel to the pit in a radius of 3 kilometres from the Esaase
pit. RC hole MERC-002 was testing a soil anomaly located 350 meters East of
Esaase Mine pit and 100 meters west of Esaase East gold showings, the object
being to test a conventional gold soil anomaly of 210 ppb Au which was
coinciding with a Metal Mobil Ion (“MMI”) gold soil anomaly of 52.7
ppb Au. Hole MERC-002 intersected an anomalous gold zone of 19 meters averaging
0.61 g/t Au including 1.51 g/t Au over 5 meters.
“These encouraging results make other gold anomalies on Sian and adjacent Kwahu Praso along the trend, much more
promising and attractive”, said Marc Boisvert, P.Eng, Vice President
Exploration.
Grade intersections averaging 1.51 g/t Au
over 5 meters
Hole
N0.
|
From
(m)
|
To
(m)
|
Interval
(m)
|
Sample
N0.
|
Grade
g/t
Au
|
MERC002
|
63
|
64
|
1
|
50184
|
0.60
|
MERC002
|
64
|
65
|
1
|
50185
|
2.96
|
MERC002
|
65
|
66
|
1
|
50186
|
1.70
|
MERC002
|
66
|
67
|
1
|
50187
|
1.51
|
MERC002
|
67
|
68
|
1
|
50188
|
0.79
|
The RC and diamond drilling programs were supervised by Marc Boisvert
P.Eng. The RC program was drilling the Esaase extensions and was conducted
concurrently with the diamond drill program at the Esaase pit. The objective
was to expand and increase the resource on Sian
by defining a high grade zone and confirming the continuity and grades of Esaase
pit.
RSG Global Consultants (“RSG”) were under contract to Midlands as Project Manager on the drilling programs. RSG
is an international geological and resource consulting firm with offices in Perth Australia,
Accra Ghana
and Johannesburg South Africa. RSG utilized
drilling and sampling techniques widely accepted in RC drilling programs. RC
drill samples were taken by RSG at one meter intervals under dry drilling
conditions.
All samples were weighed on site and sent to SGS
Laboratory in Tarkwa, Ghana where they were assayed using
standard 50 gram fire assay with atomic absorption finish. QA/QC programs were
in place using blanks and external standard samples. Anomalous intercepts were
calculated using a minimum of a 0.2 g/t cut-off at the beginning and end of
the intercept, and allowing for no more than 3 consecutive samples (three
meters) of less than 0.2 g/t Au. Higher grade intercepts are calculated with a
cut-off of 0.5 g/t Au.
Together with the contiguous Praso property, Midlands
controls 160 square kilometres of a prime gold exploration district delineated
by a 16 kilometre corridor with large soil gold anomalies providing excellent
potential for the discovery of several gold deposits on the property.
Phase two drilling is planned for August 2007 and will involve a minimum
of 6,000 meters. The objective will be to follow up on the best results from
Phase one. Drilling is also planned on Kwahu Praso north of the Esaase pit, in
September 2007 to test the gold anomaly similar to the Esaase open pit mine
signature in size and grades.
The scientific and technical information contained in this press release
has been reviewed by Marc Boisvert, P.Eng., Midlands Vice President, Exploration,
who is a Qualified Person within the meaning of National Instrument 43-101.
Certain statements contained in this news release
constitute forward-looking statements. Such forward-looking statements involve
a number of known and unknown risks, uncertainties and other factors, which may
cause the actual results, performance or achievements of the company to be
materially different from actual results and achievements expressed or implied
by such forward-looking statements. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date
the statements were made. Readers are also advised to consider such forward
looking statements while considering the risks inherent in the business of
mineral exploration.
The
TSX-V has in no way passed upon the merits of this news release and has neither
approved nor disapproved the contents.
For further information, please contact: Kim Harris, CEO
1210 Sheppard Avenue East, Suite
302 Toronto, Canada M2K 1E3
CEO Direct Line: +1 (416) 447-6882
Tel:
+1(416)492-6992
Fax:
+1(416) 492-6993
To obtain all of Midlands Minerals
press releases you may visit our website at www.midlandsminerals.com
and a list of relevant news is posted under the “Press
Releases” link.
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Kind Regards,
Sameer Mawani
Marketing Coordinator
Midlands Minerals Corporation
1210 Sheppard Avenue East, Suite
302
Toronto, Ontario, Canada
M2K 1E3
Tel:
(416) 492-6992 ext. 4
Fax: (416) 492-6993
Web Site: www.midlandsminerals.com
Alternate e-mail address: info@midlandsminerals.com
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