Midlands Minerals Starts Drilling on the Parlozi Project
2014年5月31日 - 12:46AM
Marketwired
Midlands Minerals Starts Drilling on the Parlozi Project
TORONTO, ONTARIO--(Marketwired - May 30, 2014) - Midlands
Minerals Corporation (TSX-VENTURE:MEX) announces that Phase 1
drilling has begun at the Parlozi prospect on the Parlozi project
in Serbia. The objectives of the 1,500 metre core drilling program
are to:
- Extend the validation of the historical resource, and the
presence of both vein and carbonate replacement mineralization over
wide intervals at the Parlozi prospect;
- Test the extrapolation from depth toward surface of the
historical resource at the Parlozi prospect;
- Test the down-dip extension of mineralization beneath the
underground workings at the Plandiste prospect where the Company
recently released the analytical results of underground chip
sampling, which provided a true width of 6.0 metres grading 670.6
g/t silver, 20.8% lead, 0.13% zinc and 0.44 g/t gold (see news
release May 13th, 2014);
- Identify additional targets for exploration drilling in Phase
2.
The Parlozi project has not been severely affected by the
regional flooding in Serbia and the exploration drill program has
remained on schedule.
Midlands to Exhibit at Canadian Investor
Conference:
Midlands will be exhibiting (Booth #236) at the Cambridge House
Canadian Investor Conference June 1-2, 2014 at the Vancouver
Convention Centre West, in Vancouver, BC. The conference annually
hosts several thousand Canadian investors seeking new ideas for
investment opportunity and diversification. The Canadian Investor
Conference will be held at the Vancouver Convention Center and will
bring together industry participants from resource, technology and
diversified industries with top industry analysts, CEOs, fund
managers and investment specialists.
https://cambridgehouse.com/.
Parlozi Project:
The Parlozi Project, the Company's flagship, is a 91 square
kilometre exploration permit which is conveniently located 35
kilometres south of Belgrade, the capital of Serbia. The Parlozi
permit covers occurrences of historical lead-zinc-silver mining in
the Kosmaj-Babe area of the Sumadija mining district in central
Serbia.
The historical resource at the Parlozi prospect is 6.5 million
tonnes at an average grade of 4.1% lead, 2.1% zinc, 0.3% copper and
130 g/t silver (Serbian Geo Institute, Radulovic, 1986). This
historical resource estimate was not estimated under the guidance
of National Instrument (NI) 43-101 and does not meet the CIM
definition standard for classification as mineral resources or
mineral reserves. Investors are further cautioned that a qualified
person has not yet completed, on behalf of Midlands, sufficient
work to be able to verify the historical resource estimate, and
therefore it should not be relied upon. The historical resource
estimate is only considered as relevant as a guide to future
exploration.
The mineralization in the permit comprises silver-bearing vein
and replacement-type lead-zinc sulphides hosted by carbonate
sedimentary rocks associated with intrusive Tertiary quartz latite
dykes and volcanic breccias. This type of mineralization has long
supported lead-zinc-silver mining operations in the region.
The Company and Reservoir Minerals Inc. entered into an Option
Agreement which provides that Midlands can earn up to a 75%
interest in the Project (see news release April 7th, 2014).
Dr. Dominique Fournier, EurGeol, a "qualified person" as defined
by National Instrument 43-101, has reviewed and approved the
technical information and data included in this press release.
About Midlands Minerals Corporation:
Midlands is a Canadian resource company with common shares that
trade on the TSX Venture Exchange under the symbol "MEX".
Additional information on Midlands can be viewed under the
Company's profile at www.sedar.com or on Midlands' website:
www.midlandsminerals.com.
On behalf of the Board of Directors of Midlands Minerals
Corporation
Craig Pearman, President and CEO
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 regarding the completion of the Transaction,
the receipt of regulatory approvals, the Company's future plans,
objectives or expectations of 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 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 the 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.
Midlands Minerals CorporationCraig PearmanPresident and CEO+1
604 366 2229cpearman@midlandsminerals.comMidlands Minerals
CorporationNick TintorChairman+1 416 987
0855ntintor@rgmi.caMidlands Minerals CorporationNancy
CurryCorporate Communications+1 604 220
2971ncurry@midlandsminerals.comwww.midlandsminerals.com
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