|By Marketwired .||
|May 13, 2014 04:30 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 05/13/14 -- Midlands Minerals Corporation (TSX VENTURE:MEX) -
-- Underground chip sampling provided a true width of 6.0 metres grading 670.6 g/t silver, 20.8% lead, 0.13% zinc and 0.44 g/t gold from the Plandiste prospect. -- A drill program scheduled to begin in May will test the down-dip extension of this mineralized zone.
Midlands Minerals Corporation ("Midlands" or the "Company") (TSX VENTURE:MEX) announces significant assay results from underground sampling at the Plandiste prospect on its Parlozi project in Serbia which was recently optioned from Reservoir Minerals ("Reservoir") (TSX VENTURE:RMC). The assay results are from a rehabilitated adit driven into a mineralized zone on the Plandiste prospect which is one of six currently known highly prospective target areas on the Parlozi project. These results confirm for Midlands that the Plandiste prospect is capable of yielding high-grade silver-lead mineralization at relatively shallow depths. It is further notable that this mineralization is incremental to the mineralization validated by Reservoir at the Parlozi prospect and this reinforces for the Company the presence of a prolific mineralization system.
Following the successful rehabilitation of part of the underground workings at the Plandiste prospect by Reservoir Minerals, and funded by the Company, chip sampling has generated significant true width mineralized intervals as follows:
-- 6.0 metres grading 670.6 g/t silver, 20.8% lead, 0.13% zinc and 0.44 g/t gold from continuous sampling across a stack of northwest dipping veins -- Including 2.4 metres of 1355.0 g/t silver, 22.9% lead, 0.14% zinc and 0.25 g/t gold; -- 0.8 metres grading 502.0 g/t silver, 17.1% lead, 0.17% zinc and 0.10 g/t gold from the edge of a zone of mined mineralization; -- 0.5 metres grading 568.0 g/t silver, 27.0% lead, 0.14% zinc and 0.33 g/t gold from an east-west vein.
A list of the significant results is presented in Table 1 and the corresponding sample locations are shown in Figure 1. These results confirm the presence of high-grade silver and lead mineralization hosted by three sets of vein-hosting structures and by fractures along bedding planes. Two drill holes are planned to test the down-dip extension of the Plandiste mineralized veins as part of Phase I of the exploration program (as announced in our press release dated April 29, 2014).
The Plandiste prospect is located 1.4 kilometres to the west of the historical resource at the Parlozi prospect of 6.5 million tonnes at an average grade of 4.1% lead, 2.1% zinc, 0.3% copper and 130 g/t silver. This historical resource estimate was not estimated under the guidance of National Instrument (NI) 43-101 and does not meet the CIM definition standard for classification as mineral resources or mineral reserves. Investors are further cautioned that a qualified person has not yet completed, on behalf of Midlands, sufficient work to be able to verify the historical resource estimate, and therefore they should not be relied upon. The historical resource estimate is only considered as relevant as a guide to future exploration.
Systematic QA/QC protocols are followed on the project including insertion of duplicate, blank and standard samples in all sample batches. The samples were submitted to ALS laboratory located in Bor, Serbia for preparation. Assaying for gold was made at the ALS laboratory in Romania using a standard 30 gram fire assay method with atomic absorption finish. Sample pulps with 85% of content lower than 75 microns were analyzed at the ALS laboratory in Ireland for 51 elements using ICP-MS following digestion by Aqua Regia. Samples with results greater than 100 g/t silver or greater than 1% lead, zinc or copper in the ICP-MS results were re-analyzed using Aqua Regia digestion, ICP-AES or AAS finish. Finally, samples assaying over 20% lead were re-analyzed in Vancouver, Canada using volumetric titration, a suitable method for the determination of high grade lead.
Dr. Dominique Fournier, EurGeol, a "qualified person" as defined by National Instrument 43-101, has reviewed and approved the technical information and data included in this press release.
The Parlozi Project, the Company's flagship, is a 91 square kilometre exploration permit which is conveniently located 35 kilometres south of Belgrade, the capital of Serbia. The Parlozi permit covers occurrences of historical lead-zinc-silver mining in the Kosmaj-Babe area of the Sumadija mining district in central Serbia. The mineralization in the permit comprises silver-bearing vein and replacement-type lead-zinc sulphides hosted by carbonate sedimentary rocks associated with intrusive Tertiary quartz latite dykes and volcanic breccias. This type of mineralization has long supported lead-zinc-silver mining operations in the region.
The Company and Reservoir Minerals Inc. entered into an Option Agreement which provides that Midlands can earn an initial 51% interest in the Project by spending CDN$4.5 million on exploration over four years. A minimum spend of CDN$500,000 before September 30, 2014, including reimbursement of exploration expenditures on the project by Reservoir since June 6th, 2013 and 1,500 meters of drilling, are firm commitments. Thereafter, Midlands can earn an additional 14% interest over two years by obtaining a mining exploitation permit from the Serbian Government and a further 10% (for a total of 75%) by completing a bankable feasibility study within two years of obtaining a mining exploitation permit. Midlands has already paid CDN$ 103,757 to Reservoir for the reimbursement of exploration expenditures by Reservoir.
About Midlands Minerals Corporation:
Midlands is a Canadian resource company with common shares that trade on the TSX Venture Exchange under the symbol "MEX". Additional information on Midlands can be viewed under the Company's profile at www.sedar.com or on Midlands' website www.midlandsminerals.com which is currently under re-construction.
To view Figure 1 accompanying this press release, please visit the following link: http://media3.marketwire.com/docs/945616.png
---------------------------------------------------------------------------- Sample True Sample Sample width width Pb Zn Cu Ag Au AgEq No type (m) (m) (%) (%) (%) (g/t) (g/t) (g/t) ---------------------------------------------------------------------------- PA 105436 Grab 0.1 0.1 13.15 0.06 0.02 548.0 0.46 920.2 PA 105442 Chip channel 0.5 0.5 27.03 0.14 0.05 568.0 0.33 1300.1 PA 105451 Grab 6.61 0.25 0.05 70.6 0.24 266.8 PA 105452 Grab 4.18 0.13 0.02 16.0 0.25 143.8 PA 80792 Grab 2.86 0.22 0.02 38.2 0.15 128.4 PA 80794 Chip channel 1.0 0.8 17.10 0.17 0.04 502.0 0.10 961.6 PA 80795 Chip 9.61 0.40 0.02 55.9 0.37 338.8 PA 80797 Chip channel(i) 1.5 1.2 3.99 0.26 0.01 21.1 0.20 143.3 PA 80798 Chip channel(i) 3.0 2.4 22.91 0.14 0.03 1355.0 0.25 1973.3 PA 80799 Chip channel(i) 3.0 2.4 27.08 0.04 0.01 311.0 0.75 1061.2 PA 81123 Chip 6.56 0.10 0.12 42.1 0.18 236.6 PA 81125 Grab 27.97 0.15 0.02 1215.0 0.08 1955.6 PA 81126 Grab 10.30 0.32 0.01 173.0 0.06 453.8 PA 81127 Chip 3.84 0.10 0.01 119.0 0.24 235.5 PA 81128 Chip 4.28 0.13 0.02 146.0 0.16 271.4 ---------------------------------------------------------------------------- (i) Chip channel PA 80797, PA 80798 and PA 80799 are three continuous samples. ---------------------------------------------------------------------------- Chip channel samples were collected as representative chips along an historical channel sampling line. Results of the historical channel sample are unknown. Chip samples were collected by random chips in the sampling area. They are not considered as truly representative and therefore no thickness is assigned. Grab samples are considered unrepresentative samples. Silver equivalent are based on the rounded average of each metal price over the last 5 years (2009-2013), assuming 100% recovery: Pb $2,100/t; Zn $2,000/t; Cu $7,300/t; Ag $25.0/oz; Au $1,350/oz. ---------------------------------------------------------------------------- Table 1: Significant sample results of the underground workings at Plandiste
On behalf of the Board of Directors of Midlands Minerals Corporation
Craig Pearman, President and CEO
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the completion of the Transaction, the receipt of regulatory approvals, the Company's future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange, nor the OTCQX accepts responsibility for the adequacy or accuracy of this release.
Midlands Minerals Corporation
President and CEO
+1 604 366 2229
Midlands Minerals Corporation
+1 416 987 0855
Midlands Minerals Corporation
+1 604 220 2971
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Aug. 30, 2016 01:30 PM EDT Reads: 850
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Aug. 30, 2016 01:20 PM EDT
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Aug. 30, 2016 01:15 PM EDT Reads: 2,053
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 30, 2016 01:00 PM EDT Reads: 3,216
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Aug. 30, 2016 11:45 AM EDT Reads: 779
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Aug. 30, 2016 11:15 AM EDT Reads: 601
SYS-CON Events announced today that Adobe has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of co...
Aug. 30, 2016 11:00 AM EDT Reads: 3,697
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Aug. 30, 2016 10:30 AM EDT Reads: 395
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Aug. 30, 2016 09:45 AM EDT Reads: 1,061
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Aug. 30, 2016 09:45 AM EDT Reads: 882
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Aug. 30, 2016 09:08 AM EDT Reads: 262
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
Aug. 30, 2016 08:45 AM EDT Reads: 915
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Aug. 30, 2016 05:45 AM EDT Reads: 2,482
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Aug. 30, 2016 02:30 AM EDT Reads: 1,869
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Aug. 30, 2016 02:00 AM EDT Reads: 2,252