|September 26, 2011|
Midlands Hires Geodrill Ltd., Plans 2,000 Metre Drill Program for Kaniago
|Midlands Minerals Corp. ("Midlands" or the "Company") (TSX VENTURE:MEX)(OTCQX:MDLXF) is pleased to announce that it has entered into an agreement with Geodrill Limited of Ghana to conduct a new drilling program at its Kaniago gold project in Ghana. The drilling program includes 2,000 metres of reverse circulation drilling on the Kaniago West target zone as well as diamond drilling to test down dip extensions of gold mineralized zones identified by reverse circulation drill results from earlier programs. The new reverse circulation drill program is a second phase of exploration for the Kaniago West target zone designed to further delineate gold mineralization in the area. Previously announced drill results for the Kaniago West target zone include drill hole KNRC-004 chich intercepted four metres grading 1.67 grams per tonne (gpt) gold and drill hole KNRC-005 which intercepted ten metres grading 1.42 gpt gold and six metres grading 1.78 gpt gold. A map depicting the Kaniago Property and the various target zones is shown below.|
Nick Tintor, Chairman of the Board, stated: "Midlands is very excited to be working with a marquee driller such as Geodrill as the company continues to revitalize its exploration efforts in Ghana".
In addition to the drilling, Midlands has commenced a trenching program to test the numerous soil geochemical anomalies on the 45.7 square kilometre Kaniago property, which includes the Kaniago West, Mmooho and Kobinaso target zones. These zones are located within the north-northeast trending mineralized corridor on the western half of the property and is part of the Kaniago-Abore-Keegan Trend. Kobinaso also lies over a potential east-west trending fault as delineated by EM surveys. An infill soil sampling program over the Kobinaso target zone is also being conducted to test and better define previously identified gold soil anomalies before commencing the trenching program here.
To view a map associated with this press release, please visit the following link: http://media3.marketwire.com/docs/midlands_minerals_figure01.pdf
On behalf of the Board of Directors:
Chairman of the Board
For further information, please contact:
+1 (416) 987-0855
Principal, Bayfront Capital Partners
+1 (647) 402-7552
ABOUT MIDLANDS MINERALS
Midlands Minerals is focused on developing a portfolio of high quality gold exploration projects in Ghana and Tanzania, countries with exceptional histories of gold production and home to some of the most profitable gold mines in Africa. Midland's flagship gold property is the Sian project, site of a past producing open pit gold mine located in the Ashanti gold belt. Sian has NI 43-101 compliant Indicated gold resources of 2.6 million tonnes grading 2.33 gpt gold (192,400 ounces) and Inferred gold resources of 2.7 million tonnes grading 2.35 gpt gold (203,350 ounces). Extensions to these resources are open along strike and at depth, highlighting the potential to grow the gold resource at Sian. Midlands' highly prospective Kaniago gold project is located in Ghana's Asankrangwa gold belt and contiguous to two past open pit gold producers: Abore to the north and Obotan to the south. Recent drilling and exploration has produced highly encouraging results, demonstrating the gold resource potential of the project.
Midlands also has two gold exploration projects in the Lake Victoria Goldfields in Tanzania. The Itilima project is located in the prolific Geita-Bulyanhulu-Sekenke gold belt, host to over 40 million ounces in gold reserves, as well as the Kilindi-Handeni project.
Please note: mineral resources that are not mineral reserves do not have demonstrated economic viability. Additional information on Midlands can be viewed under the Company's profile at www.sedar.com or on Midlands' website: www.midlandsminerals.com.
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the potential mineralization and geological merits of the company's projects and other future plans, objectives or expectations of Midlands Minerals Corp. (the "Company") are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Neither TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the OTCQX accepts responsibility for the adequacy or accuracy of this release.
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