TSX-VN: "MEX"
TORONTO, May 24 /CNW/ - Kim Harris, Chief Executive Officer, Midlands
Minerals Corporation ("Midlands" or the "Company") is pleased to announce the
emergence of an anomalous gold zone on the Kwahu Praso Property, 30 kilometres
northeast of Newmont Mining Company's +8 million oz Akyem gold deposit.
Geochemical soil results on the Company's Kwahu Praso property in Ghana
show two anomalous areas on strike with the adjacent Sian Goldfields Esaase
Open Pit Gold Mine, indicating there is good potential for a carbonate-silica
flooding alteration with gold bearing sulphides and quartz veinlets on the
Kwahu Praso property, similar to Sian's Esaase gold mine and Newmont's Akyem
deposit.
"This is very good news. We are particularly encouraged by the potential
for a large gold system which could connect Kwahu Praso structures to those on
the Sian property. The Company intends to accelerate its exploration
activities on the Kwahu Praso property", said Kim Harris.
Work on the Kwahu Praso is expected to begin in June 2006 with drilling
planned for the last quarter of 2006. Initial work will focus on detailing
both reconnaissance soil anomalies using a combination of different soil
sampling techniques and will include induced polarisation geophysical surveys
(IP) to outline the anomalous sources and drill those targets.
www.midlandsminerals.com/press_releases/images/kwahusoilsamplingmap.pdf
Click here to view the mapping of the gold soil sampling results.
Fieldwork was conducted in March and April 2006. 395 samples were
collected, including 45 duplicates for quality control checks on field and
laboratory procedures. The sampling was conducted at 800 metre line spacing
and 400 metre intervals. Samples were prepared and analysed at SGS
Laboratories in Tarkwa, Ghana using Fire Assay, and the values were determined
by the Atomic Absorption (FAE505AuR) procedure. The program was supervised by
a Qualified Person, Marc Boisvert, P.Eng. The NI 43-101 Technical Report will
be filed on www.sedar.com within the next few days.
There are higher gold values ranging from 103 Au ppb to 770 Au ppb and
these form lineaments, suggesting parallel trends oriented 020 degrees-200
degrees. The trends are interpreted as the geochemical signatures of gold
bearing structures. Two of these are on strike with the Esaase Gold Mine and
Ampeha-Odumasua deposits on the Sian property.
Anomalous values (greater than 90 percentile) above 75 Au ppb form two
gold anomalous cluster areas; one in the south part and one in the north part
of the property. Both areas coincide with the area's stream sediment anomalies
previously detected.
The Company has also just completed a stream sediment sampling program on
the Kaniago gold property in Ghana where field work was conducted in April and
May, 2006. Kaniago is located on the Asankrangwa Gold Belt in Ghana, and this
property is contiguous to Resolute Mining's Obotan Open Pit Mine. The Kaniago
report is currently underway and the Company will be in a position to release
results within two weeks.
In Tanzania, work begins on both the Itilima project and the New Kilindi
project in June 2006, with drilling planned for the last quarter on the
Itilima project. "We have a busy and exciting time ahead of us, and we are all
set to go", said Kim Harris.
Forward-looking statements involve a number of known and unknown risks,
uncertainties and other factors, which may cause the actual results,
performance or achievements of the company to be materially different from
actual results and achievements expressed or implied by such forward-looking
statements. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date the statements
were made and the readers are also advised to consider such forward looking
statements while considering the risks inherent in the business of mineral
exploration.
The TSX-V has in no way passed upon the merits of the proposed
transactions and has neither approved nor disapproved the contents of
this press release.
%SEDAR: 00020880E
