News Feed Item

Midlands Minerals Receives Significant Results from the Parlozi Project 671 g/t Silver and 20.8% Lead Over 6.0 Metres

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.

Parlozi Project:

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       
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        
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
Craig Pearman
President and CEO
+1 604 366 2229
[email protected]

Midlands Minerals Corporation
Nick Tintor
+1 416 987 0855
[email protected]

Midlands Minerals Corporation
Nancy Curry
Corporate Communications
+1 604 220 2971
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Most people haven’t heard the word, “gamification,” even though they probably, and perhaps unwittingly, participate in it every day. Gamification is “the process of adding games or game-like elements to something (as a task) so as to encourage participation.” Further, gamification is about bringing game mechanics – rules, constructs, processes, and methods – into the real world in an effort to engage people. In his session at @ThingsExpo, Robert Endo, owner and engagement manager of Intrepid D...
WebRTC adoption has generated a wave of creative uses of communications and collaboration through websites, sales apps, customer care and business applications. As WebRTC has become more mainstream it has evolved to use cases beyond the original peer-to-peer case, which has led to a repeating requirement for interoperability with existing infrastructures. In his session at @ThingsExpo, Graham Holt, Executive Vice President of Daitan Group, will cover implementation examples that have enabled ea...
SYS-CON Events announced today that Enzu 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. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their online busine...
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
In the next forty months – just over three years – businesses will undergo extraordinary changes. The exponential growth of digitization and machine learning will see a step function change in how businesses create value, satisfy customers, and outperform their competition. In the next forty months companies will take the actions that will see them get to the next level of the game called Capitalism. Or they won’t – game over. The winners of today and tomorrow think differently, follow different...
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service. Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...
SYS-CON Events announced today that Sheng Liang to Keynote at SYS-CON's 19th Cloud Expo, which will take place on November 1-3, 2016 at the Santa Clara Convention Center in Santa Clara, California.
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
SYS-CON Events announced today that SoftNet 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. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...