Midlands Minerals Corporation
TSX VENTURE : MEX

Midlands Minerals Corporation

November 10, 2010 08:30 ET

Midlands Minerals Corporation: Recent Drill Results Indicate Possible Extension of the Strike Length to 1.2 km at Sian, Ghana

TORONTO, ONTARIO--(Marketwire - Nov. 10, 2010) - Midlands Minerals Corporation ("Midlands" or the "Company")(TSX VENTURE:MEX) is pleased to announce results from five consecutive diamond holes drilled after September 15, 2010 on the northern extensions of the Sian gold deposit have confirmed the down dip extension and indicate a possible strike length extension of 240 metres, bringing the Sian mineralised structure to 1.2 kilometres. 

Four of the five holes, MEDD-10 30, 31, 32, and 33, which were designed to test the down dip extension, show an extension of the mineralised structure at depth within a consistent geological setting and style of mineralization. Hole MEDD-34A, which was drilled 170 metres to the northeast of the preceding hole MEDD-33, gave an intercept of 15 metres grading 1.15 g/t. Hole number 34A also connects to a preceding hole number MEDD-10-21, which gave 12 metres grading 1.60 g/t, indicating potential for continuity of the strike length. 

Highlights of recent gold intercepts include:
  • 3 metres grading 1.66g/t in MEDD-10-30
  • 4 metres grading 2.47g/t in MEDD-10-31
  • 11 metres grading 1.94 g/t in MEDD-10-32
  • 1.5 metres grading 1.53 g/t in MEDD-10-33
  • 15 metres grading 1.15 g/t in MEDD-10-34A

"The holes were testing continuity of the Sian gold deposit into the northern extensions, and the assays confirm the extension to the northeast and at depth, with geological features consistent with previous intersections. These mineralised intercepts are consistent with interpreted and/or proven gold bearing structures, in the gold bearing zones along the Sian 16 kilometre soil gold anomaly corridor," said Wilson Baaku, BSc, Midlands's Exploration Manager in Ghana.

The recent interim resource estimate announced by the Company in a news release dated October 19, 2010, took into account assays received up until September 15, 2010. The results announced in this news release are from holes drilled after September 15, 2010, and have the potential to increase the Sian resource. These holes represent some of the few remaining components of the first part of the drilling program, which was focusing on targets in and around the Sian (Esaase) open pit.

Click link below to view map:
www.midlandsminerals.com/press_releases/images/PR10NOV10_MAP.pdf

Below is a summary of five recent diamond drill holes number 30 to 34A, drilled after September 15, September 2010:

Summary Table of Gold Drill Intercepts (0.5 g/t Au cut-off)
 
Hole_ID FROM_m TO_m   INTERVAL_m GRADE_g/t SUMMARY
MEDD-10-030 31 33   2 0.73 2m @0.73g/t from 31m
MEDD-10-030 158 159   1 0.64 1m @0.64g/t from 158m
MEDD-10-030 162 165   3 0.64 3m @0.64g/t from 162m
MEDD-10-030 202 204   2 1.05 2m @1.05g/t from 202m
MEDD-10-030 231 234   3 1.66 3m @1.66g/t from 231m
MEDD-10-030 259 260   1 0.54 1m @0.54g/t from 259m
MEDD-10-030 292 298   6 1.04 6m @1.04g/t from 292m
MEDD-10-030 308 310   2 2.79 2m @2.79g/t from 308m
MEDD-10-031 191 192   1 4.6 1m @4.6g/t from 191m
MEDD-10-031 204 206   2 0.5 2m @0.50g/t from 204m
MEDD-10-031 243 244   1 8.08 1m @8.08g/t from 243m
MEDD-10-031 255 257   2 0.59 2m @0.59g/t from 255m
MEDD-10-031 258 259   1 0.53 1m @0.53g/t from 258m
MEDD-10-031 263 267   4 2.47 4m @2.47g/t from 263m
MEDD-10-031 272 275   3 1.75 3m @1.75g/t from 272m
MEDD-10-031 290 291   1 2.07 1m @2.07g/t from 290m
MEDD-10-031 318 319   1 1.89 1m @1.89g/t from 318m
MEDD-10-032 172 183   11 1.94 11m @1.94g/t from 172m
MEDD-10-032 230.6 233   2.4 0.6 2.4m @0.60g/t from 230.6m
MEDD-10-033 213 214   1 1.82 1.0m @1.82g/t from 213m
MEDD-10-033 274.2 275.7   1.5 1.53 1.5m @1.53g/t from 274.2m
MEDD-10-033 306.9 307.7   0.8 1.94 0.80m @1.94g/t from 306.9m
MEDD-10-033 333.9 334.7   0.8 1.86 0.80m @1.86g/t from 333.9m
MEDD-10-033 341 344   3 0.59 3m @0.59g/t from 341m
MEDD-10-033 355.3 356.2   0.9 2.24 0.90m @2.24g/t from 355.3m
MEDD-10-034A 3.5 5   1.5 2.19 1.5mt @2.19g/t from 3.5m
MEDD-10-034A 14.2 29.2   15.0 1.15 15m @1.15g/t from 14.2m
MEDD-10-034A 39 40   1 1 1.0m @1.0g/t from 39m
MEDD-10-034A 54.6 55.6   1 3.24 1m @3.24g/t from 54.6m

Core samples are generally taken at 1-metre intervals, with exceptions varying from 0.3 to 1.5 metres due to the particular rock type. Sampling is done utilizing a core saw to split the core in two parts, one half to the laboratory and keeping the other half as reference core. All core drill samples are logged and sampled at the property field core shack facilities by a competent team of geologists. All samples were sent to SGS Laboratory in Tarkwa, Ghana, where they were assayed using standard 50-gram fire assay with atomic absorption finish.

QA/QC programs are in place using blanks and external standard samples.

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 three consecutive samples (3m) of less than 0.5 g/t Au. All holes were drilled perpendicular to the deposit trend. The holes were inclined to intersect at a specific vertical depth. The dip of the deposit varies between 70 and 80 degrees to the southeast.

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.                   

The technical information in this news release has been reviewed by Dr. David Groves, PhD, Technical Advisor to Midlands and a Qualified Person under National Instrument 43-101.

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 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.

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 

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. There has been sufficient exploration to evaluate a mineral resource. However, the Company is uncertain if further exploration will result in a mineral reserve. 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. For more information, investors should review the Company's filings that are available at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information