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Midlands Minerals Corporation announces gold up to 1950ppb from stream sediment samples on Kaniago Property in Ghana
Midlands Minerals Corporation announces gold up to 1950ppb from stream sediment samples on Kaniago Property in Ghana.
About this update from King Global Ventures Inc.
[{"type":"text","content":"\n\n\n\n\nTSX-VN: \"MEX\"\n\nTORONTO, Aug. 2 /CNW/ - Kim Harris, Chief Executive Officer, Midlands\nMinerals Corporation (\"Midlands\" or the \"Company\") is pleased to announce\nresults as high as 1950ppb from stream sediment sampling undertaken in April\n2006 from work done on the Kaniago gold concession in Ghana.\nKaniago covers approximately 47.5sq. kilometres, and is located on the\nAsankrangwa Gold Belt of Ghana. It is about 38 kilometres northwest of\nAngloGold Ashanti's Obuasi Mine with over 32 million ounces of gold resources\nand reserves and 33 kilometres southeast of AngloGold's Bibiani mine with\napproximately 1.6 million ounces in resources and reserves. Kaniago is\ncontiguous to Amansie Resolute Mining's Abore Mine to the north, Resolute\nMining's Obotan Open Pit Mine to the south, and Dunkwa Continental Goldfields\nto the east.\n\nTo view the location map please click the following link:\nwww.midlandsminerals.com/press_releases/images/kaniago_boundary_map.pdf\n\nThe work program was designed and supervised by Marc Boisvert, P.Eng. The\nexploration programme commenced on the 19th of April 2006 and involved Active\nStream Sediment Sampling and Reconnaissance Geological Mapping. A total of 121\nsamples comprising 116 stream sediments, including 15 duplicates and 5 grab\nsamples, were collected.\nEncouraging gold value results include 650 ppb and 1230 ppb, to a peak of\n1950 ppb. Results of the stream survey have highlighted areas of gold\nmineralization where further geochemical soil sampling is planned. A quartz\nvein believed to be along the mafic dyke at Kaniago village returned a gold\nvalue of 190 ppb on analysis.\nPreliminary mapping indicates the concession is underlain by Birimian\nmetasediments intruded by hornblende-rich granite belonging to the Dixcove\nsuite. Mafic dykes are reported to cut across the concession through the\nvillage of Kaniago and another further east of the concession.\n\nForward-looking statements involve a number of known and unknown risks,\nuncertainties and other factors, which may cause the actual results,\nperformance or achievements of the company to be materially different from\nactual results and achievements expressed or implied by such forward-looking\nstatements. Readers are cautioned not to place undue reliance on these\nforward-looking statements, which speak only as of th...