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Ghana - Midlands Minerals Corporation up date on 43-101 technical review of Sian Goldfields property and Kwahu Praso on the Ashanti goldbelt
Ghana - Midlands Minerals Corporation up date on 43-101 technical review of Sian Goldfields property and Kwahu Praso on the Ashanti goldbelt.
About this update from King Global Ventures Inc.
[{"type":"text","content":"\n\n\n\n\nTSX-VN: \"MEX\"\n\nTORONTO, Feb. 20 /CNW/ - Kim Harris, Chief Executive Officer of Midlands\nMinerals Corporation (TSX-VN: MEX) (\"Midlands\" or the \"Company\") is pleased to\nprovide an update on the development of NI 43-101 Technical Evaluation of the\nSian Goldfields Limited (\"Sian\") property and Kwahu Praso project in Ghana.\nSian Goldfields Limited is a past gold producer with a historical resource.\nSian was mining gold from two open pits, with the larger open pit being at\nEsaase and a smaller pit at Ampeha. Sian ceased its gold mining activities in\nJuly 2004 due to lack of capital and operational issues related to the\nmanagement of their mining operations.\nThe Sian property which is located on the north-east end of the Ashanti\nGoldbelt, is contiguous to Midlands' Kwahu Praso gold property. Both Kwahu\nPraso and Sian properties are not only surrounded by Newmont Mining\nCorporation, but they are also located north-east of Newmont Mining\nCorporation's Akyem property which is reporting more than 5 million oz of\ngold. Newmont Mining is investing $500 million on the Akyem project and plans\nto commence production in 2008.\nThe following is an update based on observations following three weeks of\nfield work on the Sian and Kwahu Praso properties. The update is based on\nverification of gold showings on Esaase, Besease, Atunso and Ampeha (on Sian),\nand Nsuta, Bromkrom and Pankese (on Kwahu Praso). The field program was\ndesigned by Marc Boisvert, P.Eng. and field work was supervised by\nMarc Boisvert. Assays are still pending and will be reported on in the \nNI 43-101 reports. The NI 43-101 reports on Sian and Kwahu Praso are expected\nto be available by the end of April, 2006.\nOn the Sian property, two types of mineralization have been observed in\nthe field as reported by previous workers. The Atunso-Besease features quartz\nveins with free gold where artisanal mining diggings are evident. The Esaase\nto north-Esaase, and Ampeha to East-Esaase, feature gold bearing disseminated\npyrite with carbonates and silica flooding alteration where Sian Goldfields'\ntwo open pit mines are located. Esaase, Ampeha, East-Esaase and Odumasua\nappear to form a corridor of greater than 4km strike length with a width of\n500 metres. This corridor coincides with a topographic depression bordered by\nhigher ground. The high...