Tanzania-2,700 sq km in New Kilindi Area Midlands Minerals Corporation Granted Reconnaissance Licence.TORONTO -- Kim Harris, Chief Executive Officer of Midlands Minerals Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:MEX MEX Mexico MEX Microsoft Exchange MEX Materials Exchange (Recycling Council of British Columbia) MEX Military Exchange MEX Mobile Exploration System MEX Mesopelagic Export Flux MEX Mesopelagic Export Mooring ) ("Midlands" or the "Company") is pleased to announce that on July 14th , 2005, the company was granted a prospecting licence for gold exploration in Tanzania, with a preliminary reconnaissance period of two years. The new PLR PLR pupillary light reflex. 3322/2005 Licence is renewable thereafter for a further three years. This new Licence covers an area of 2,700 square kilometres and is located about 120 kilometers north of the town of Morogoro. The New Kilindi Area was recently opened for exploration activity by the Government of Tanzania. Foreign mining companies exploring in the area include AngloGold Ashanti AngloGold Ashanti Limited is a global gold mining company with mines on four continents. It was formed in 2004 by the merger of AngloGold and the Ashanti Goldfields Corporation. AngloGold Ashanti Limited is now a global gold producer with 21 operations on four continents. who are holding ground adjacent to the Midlands property. "This is an excellent addition to the Company's portfolio of Tanzanian mineral properties", says Kim Harris, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "New Kilindi is a new frontier which could present some interesting findings. Midlands is looking forward to exploring this new opportunity and we are pleased to have AngloGold Ashanti in the neighbourhood, and pleased to know their findings to date are considered encouraging". The New Kilindi gold property is a grass roots property in similar geology to Lupa Goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. , the second largest gold producing area in Tanzania. The area features early proterozoic granitic and gneissic gneiss n. A banded or foliated metamorphic rock, usually of the same composition as granite. [German Gneis, probably alteration of Middle High German ganeist, rocks. Major shear zones hosting large veins trend north-easterly and as the Lupa Goldfields are known to have coarse gold, the ore in the area is free-milling with gold/silver ratios of 1:1 and 2:1. Banded iron formations (BIF BIF In currencies, this is the abbreviation for the Burundi Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) and quartz-carbonate rocks are a possible source of bulk mineable ore. NOTE: A map is available on CCNMatthews' website at: http://www2.ccnmatthews.com/database/fax/2000/mex0906.pdf The New Kilindi property is a good addition to the Company's mineral properties. It is in a highly prospective area and neighbouring properties are getting encouraging results. Midlands has recently been granted another prospecting licence in the Shinyanga area, Lake Victoria Goldfields in Tanzania and a prospecting licence for gold on the Kaniago concession in Ghana. The Kaniago property is located on the Asankrangwa Gold Belt. Midlands planned initial work program on the New Kilindi will include soil geochemistry and geological mapping. The Company intends to commence work on this property as soon as possible. The TSX-VN has in no way passed upon the merits of the transactions and has neither approved nor disapproved the contents of this press release. Midlands Minerals Corporation (TSX VENTURE:MEX) |
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