Welcome!

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
 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.

Contacts:
Midlands Minerals Corporation
Craig Pearman
President and CEO
+1 604 366 2229
[email protected]

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

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

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
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
China Unicom exhibit at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE FDD, TD-LTE), fixed-line broadband, ICT, data communica...
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
As software becomes more and more complex, we, as software developers, have been splitting up our code into smaller and smaller components. This is also true for the environment in which we run our code: going from bare metal, to VMs to the modern-day Cloud Native world of containers, schedulers and micro services. While we have figured out how to run containerized applications in the cloud using schedulers, we've yet to come up with a good solution to bridge the gap between getting your contain...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, will discuss some of the security challenges of the IoT infrastructure and relate how these aspects impact Smart Living. The material will be delivered i...
Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, represent...
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
DevOps has often been described in terms of CAMS: Culture, Automation, Measuring, Sharing. While we’ve seen a lot of focus on the “A” and even on the “M”, there are very few examples of why the “C" is equally important in the DevOps equation. In her session at @DevOps Summit, Lori MacVittie, of F5 Networks, explored HTTP/1 and HTTP/2 along with Microservices to illustrate why a collaborative culture between Dev, Ops, and the Network is critical to ensuring success.
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...