TSX-VN: "MEX"
TORONTO, Aug. 2 /CNW/ - Kim Harris, Chief Executive Officer, Midlands
Minerals Corporation ("Midlands" or the "Company") is pleased to announce
results as high as 1950ppb from stream sediment sampling undertaken in April
2006 from work done on the Kaniago gold concession in Ghana.
Kaniago covers approximately 47.5sq. kilometres, and is located on the
Asankrangwa Gold Belt of Ghana. It is about 38 kilometres northwest of
AngloGold Ashanti's Obuasi Mine with over 32 million ounces of gold resources
and reserves and 33 kilometres southeast of AngloGold's Bibiani mine with
approximately 1.6 million ounces in resources and reserves. Kaniago is
contiguous to Amansie Resolute Mining's Abore Mine to the north, Resolute
Mining's Obotan Open Pit Mine to the south, and Dunkwa Continental Goldfields
to the east.
To view the location map please click the following link:
www.midlandsminerals.com/press_releases/images/kaniago_boundary_map.pdf
The work program was designed and supervised by Marc Boisvert, P.Eng. The
exploration programme commenced on the 19th of April 2006 and involved Active
Stream Sediment Sampling and Reconnaissance Geological Mapping. A total of 121
samples comprising 116 stream sediments, including 15 duplicates and 5 grab
samples, were collected.
Encouraging gold value results include 650 ppb and 1230 ppb, to a peak of
1950 ppb. Results of the stream survey have highlighted areas of gold
mineralization where further geochemical soil sampling is planned. A quartz
vein believed to be along the mafic dyke at Kaniago village returned a gold
value of 190 ppb on analysis.
Preliminary mapping indicates the concession is underlain by Birimian
metasediments intruded by hornblende-rich granite belonging to the Dixcove
suite. Mafic dykes are reported to cut across the concession through the
village of Kaniago and another further east of the concession.
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. 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 this news release and
has neither approved nor disapproved the contents of this press release.
%SEDAR: 00020880E
