Welcome!

News Feed Item

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

TORONTO, ONTARIO -- (Marketwired) -- 05/14/14 -- 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
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists loo...
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
"MobiDev is a Ukraine-based software development company. We do mobile development, and we're specialists in that. But we do full stack software development for entrepreneurs, for emerging companies, and for enterprise ventures," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, highlighted the current challenges of these transformative technologies and shared strategies for preparing your organization for these changes. This “view from the top” outlined the latest trends and developments i...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, paneli...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
SYS-CON Events announced today that TMC has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo and Big Data at Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Global buyers rely on TMC’s content-driven marketplaces to make purchase decisions and navigate markets. Learn how we can help you reach your marketing goals.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
Managing mission-critical SAP systems and landscapes has never been easy. Add public cloud with its myriad of powerful cloud native services and this may not change any time soon. Public cloud offers exciting new possibilities for enterprise workloads. But to make use of these possibilities and capabilities, IT teams need to re-think everything they have done before. Otherwise, they will just end up using public cloud as a hosting platform for their workloads, aka known as “lift and shift.”
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
SYS-CON Events announced today that TechTarget has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets.