TORONTO, ONTARIO (TSX VENTURE: MEX) is pleased to report results
from RC holes 29 and 30 on Sian (Ghana) confirm the extension of
the gold zone which was discovered by RC hole 02 as reported in the
Company's news release of June 11, 2007. Hole RC 02 was drilled in
the first part of the drill program in April-May 2007. Holes RC 29
and RC 30 are follow-up holes which were located on either side of
hole RC 02 to provide the orientation and to test for continuity of
the gold structure.
The Company is pleased to report that:
- RC drill results to date show the existence of a significant
new gold zone between Esaase and Esaase East measuring at least 400
meters in strike length;
- RC holes 29 and 30 were drilled 50 meters on either side of RC
02 and assay results have confirmed gold grade continuity (1.71 g/t
over 7 meters, 1.34 g/t over 7 meters);
- Diamond drill holes 16, 17 and 18 were testing the Esaase
deposit at depth. Assays from these holes have outlined another
gold zone which is connected to RC 02, RC 29 and RC 30;
- RC 23 and RC 25 which are located 579 meters south of RC 29
are interpreted as the south extension of the new zone.
Please click here for map link
www.midlandsminerals.com/press_releases/images/Drill_Intersection_12_07.pdf
Three zones (Esaase deposit, the HW Zone, the Esaase East gold
showing) together with the interval holes RC 23 and RC 25, outline
a gold trend 200 meters wide by 1.6 kilometres in strike length.
The continuity of the zone from RC hole 02 has been confirmed by
holes RC 29 and RC 30 and the Company's interpretation is that this
zone is connected to a gold zone located in the hanging wall (HW
zone) of the Esaase deposit which was intersected by diamond holes
16, 17 and 18. The Company's interpretation is that the RC 02-RC
29-RC 30 zone and the HW Zone are part of the same mineral zone.
This gold zone connects the Esaase East gold showing to the Esaase
deposit.
Sian is a fully permitted past open pit gold producer located on
the Ashanti Gold belt, 30 kilometres northeast of Newmont Mining's
8+ million ounce Akyem gold deposit. The Sian gold mineralization
type is a silica-carbonate alteration with disseminated pyrite
similar to that found at Newmont's Akyem gold deposit. Sian
produced gold between 2001 and 2004 with a mineral recovery of
91%.
The following is a summary of intersections:
Grade gold zones (cut off of 0.5 g/t Au) and anomalous gold
zones (cut off of 0.1 g/t Au)
RC 029 1.71 g/t Au over 7.0 meters Grade Zone
from 5.0 m to 12.0 m
0.19 g/t Au over 29.0 meters Anomalous zone
from 64.0m to 81.0 m
0.19 g/t Au over 17.0 meters from Anomalous zone
86.0 m to 103 m
RC 002 1.50 g/t Au over 5.0 meters Grade Zone
from 63.0 m to 68.0 m
RC 030 1.34 g/t Au over 7.0 meters from Grade Zone
76.0 m to 83.0 m
0.37 g/t Au over 39.0 meters from Anomalous Zone
72.0 m to 111.0 m
MEDD 016 2.67 g/t Au over 7.0 meters from HW zone
127.0 m to 134.0 m
2.96 g/t Au over 7.0 meters from Esaase zone
238.0 m to 245.0 m
MEDD 017 2.63 g/t Au over 1 meter from Grade HW Zone
45.0 m to 46.0 m
0.53 g/t Au over 7 meters from Anomalous HW Zone
39.0 m to 46.0 m
0.86 g/t Au over 2 meters from Grade HW Zone
149.0 m to 153 m
0.37 g/t Au over 7 meters from Anomalous Zone
146.0 m to 153 m
MEDD 018 0.78 g/t Au over 3.6 meters from Grade HW zone
19.4 m to 23.0 m
0.54 g/t Au over 30 meters from Grade HW zone
126.5 to 156.5 m
RC 025 1.35 g/t Au over 2 meters from Grade Zone
100.0 m to 102.0 m
0.20 g/t Au over 32 meters from Anomalous Zone
82.0 m to 114.0 m
RC 023 7.42 g/t Au over 1 meter from Grade Zone
126.0 m to 127.0 m
0.535 g/t Au over 17 meters from Anomalous Zone
112.0 m to 129.0 m
MEDD 016, MEDD 017 and MEDD 018 are the diamond core drill holes
testing the Esaase deposit's south extensions and depth extensions.
At the beginning of each hole, gold grade zones were intersected,
indicating a parallel gold zone in the hanging wall (HW zone) of
the Esaase deposit. RC hole 30 is located between RC hole 02 and
diamond drill hole MEDD 016 connecting the assay intervals of the
RC 02 gold zone with the MEDD 016 HW zone. The Company's
interpretation is that the HW zone extends from diamond drill hole
MEDD 18 at the north extremity to RC hole 29 at the south
extremity, representing a strike length of 372 meters defined by 6
drill sections with spacing at less than 100 meters.
Holes RC 23 and RC 25 are part of scout fence RC drilling
oriented East-West, testing a soil anomaly 325 meters south of the
Esaase East gold showing and 570 meters south of RC 29. There is
the possibility (yet to be tested) that the gold intervals in RC 23
and RC 25 could be the south extension of the HW zone-Esaase East
gold bearing structure. This structure forms a drill target 1
kilometre in strike length for future exploration work between
diamond hole MEDD 18 and RC hole 25. The entire Esaase deposit-HW
Zone-Esaase East gold system extends from RC hole 33 located at
latitude N 726800m to RC hole 25 at latitude N 725400m, forming a
strike length of 1.6 kilometres.
RC Samples were taken at 1 meter intervals under dry drilling
conditions by RSG Global, Inc. ("RSG") utilizing drilling and
sampling techniques widely accepted in RC drilling programs. RSG is
an international geological consulting company with offices in
Ghana, South Africa and Australia. Core samples were generally
taken at 1 meter intervals with exceptions varying from 0.3 to 1.5
meters due to the particular rock type. Sampling was done utilizing
a core saw to split the core in two parts, sending one half to the
laboratory and keeping the other half as witness core. All core
drill samples were described and sampled at the property field core
shack facilities.
Grade zone intercepts shown above were calculated using a
minimum of a 0.5 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 0.5 g/t Au. Anomalous zones are
calculated using a cut-off grade of 0.1 g/t Au.
All samples were weighed on site and sent to the 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.
All RC drill intercept widths are apparent widths. All diamond
drill holes were drilled in direction at an angle of 90degrees with
the deposit trend. The dip of the holes was planned to intersect at
a specific vertical depth. The dip of the deposit varies between 70
to 80 degrees. It is expected to have a true width between 60 to
70% of the reported intervals.
Together with the contiguous Praso gold 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 this property on the Ashanti Gold Belt.
Midlands also has highly prospective gold and diamond properties in
the Lake Victoria Goldfields in Tanzania.
Midlands Minerals is one of 30 companies covered in the Haywood
Securities Junior Exploration Index. The Haywood Junior Explorer
Index ("HJEI") tracks the performance of the group of junior
exploration companies relative to the market. The HJEI is a bi-
monthly publication by Haywood Securities Inc. Midlands Minerals
Corporation is also covered by e-Research and Objective Capital
Limited (UK) and all research reports and updates are available on
the Company's Web Site at www.midlandsminerals.com.
The scientific and technical information contained in this press
release has been reviewed by Marc Boisvert, P.Eng., 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.
Forward-looking statements consist of statements that are not
purely historical, including any statements regarding beliefs,
plans, expectations or intentions regarding the future. No
assurance can be given that any of the events anticipated by the
forward-looking statements will occur or, if they do occur, what
benefits the Company will obtain from them. These forward-looking
statements reflect management's current views and are based on
certain expectations, estimates and assumptions which may prove to
be incorrect.
The Company adds a cautionary statement to the effect that the
potential quantity and grades referred to in this press release are
conceptual in nature and there has been insufficient exploration to
define a mineral resource. Further, the Company is uncertain if
further exploration will result in discovery of a mineral resource.
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 Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
news release.
Contacts: Midlands Minerals Corporation Kim Harris President and
CEO (416) 492-6992 or CEO Direct Line: (416) 447-6882 (416)
492-6993 (FAX) Email: info@midlandsminerals.com Website:
www.midlandsminerals.com
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