Business
Midlands Minerals Announces Scoping Study on Sian Gold-Ghana
Midlands Minerals Announces Scoping Study on Sian Gold-Ghana
About this update from King Global Ventures Inc.
[{"type":"text","content":"\nMidlands Minerals Announces Scoping Study on Sian Gold-Ghana\n\n\n Aug. 5, 2009 (Baystreet.ca) -- TORONTO, ONTARIO -- Midlands Minerals Corporation (\"Midlands\" or the \"Company\") (TSX VENTURE: MEX) is pleased to announce the Company has engaged E+PC Engineering & Projects Company Limited (\"E+PC\") of South Africa to conduct a scoping study on the Sian Gold Project in Ghana. Sian is a fully permitted past open pit gold producer with an NI 43-101 compliant gold resource of 400,000 ounces at an average grade of 2.3 g/t, a 30 year renewable mining lease, an existing CIL (carbon in leach) plant, and existing infrastructure, roads, power, and water.\n\nThe geology on Sian shows significant potential for gold and Midlands' goal is to increase the current gold resource to over one million ounces with the next round of infill and definition drilling. With the infrastructure in place, and with the Esaase village having been already relocated by previous owners, Midlands has an opportunity to create a cash flow stream by increasing the tonnage, rehabilitating the existing infrastructure, and re-commissioning the existing plant. \"That would put Midlands in a good position to generate revenues while continuing to focus the Company's attention on increasing the size of the gold deposit on Sian,\" said Kim Harris, President and Chief Executive Officer. \nE+PC will commence the scoping study on or by August 17, 2009, and a technical report is expected to be completed by September 30, 2009. \nThe scoping study will focus on process engineering, process design, and equipment sizing including plant re-commissioning options, an assessment of the mechanical equipment and operational issues, an assessment of the electrical equipment and power supply, inspection of instrumentation, and a review of the plant and site infrastructure. The scoping study will further recommend mining methodologies based on similar projects already in production, as well as estimates of the capital required to update the feasibility study and to bring the plant and infrastructure back into production. \nValidation of the existing feasibility study done by the previous owners in 1995 will be the step following completion of the scoping study. \nABOUT E+PC ENGINEERING AND PROJECTS COMPANY LIMITED \nE+PC Engineering and Projects Company Limited (\"E+PC\") is a wholly ow...