Midlands Minerals Corporation Auditor Raises 'Going Concern' Doubt
Apr 27 15
Midlands Minerals Corporation filed its Annual on Apr 27, 2015 for the period ending Dec 31, 2014. In this report its auditor, Schwartz Levitsky Feldman LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Midlands Minerals Corporation Appoints John Cook to Its Board
Nov 17 14
Midlands Minerals Corporation announced the appointment of Mr. John Cook to the company's Board of Directors. Mr. John Cook is President and CEO of Tormin Resources.
Midlands Minerals Announces Further High-Grade Silver Intercepts at Parlozi
Oct 30 14
Midlands Minerals Corporation announced new high-grade silver assays from the Plandiste prospect on its Parlozi project in Serbia, and the successful completion of the initial commitment to Reservoir Minerals Inc. allowing the company to appraise the next phase of exploration work. Drilling at the Plandiste prospect, the first of six untested targets, intersected seven zones of old underground workings and three additional unmined, mineralized structures. New drill results over apparent thicknesses at Plandiste include: 178 g/t silver and 1.0% lead over 2.30 metres (216 g/t silver equivalent); 210 g/t silver and 0.9% lead over 1.40 metres (241 g/t silver equivalent). Drilling successfully validated the intercepts in the historic resource at the Parlozi prospect. The company is currently reviewing the exploration work that would be required to advance the project from the information obtained in the Phase 1 work program. Midlands currently has $2 million in the treasury. Core drilling in Phase 1 has therefore totaled 1,714.4 metres in six drill holes and exceeded the drill commitment to Reservoir by 214.4 metres. Drill hole 14-PA-004 tested the up-dip extension towards surface of the polymetallic mineralization at distance from the Parlozi historic resource. A hydrothermal breccia zone of 4.8 metres thickness, and averaging 0.78% lead and 0.32% zinc, was intersected at a down-hole depth of 67.9 metres close to the zone of the ancient surface workings at Parlozi (Table 3). In addition, 14-PA-004 also intersected a zone of 1.4 g/t gold over 0.7 metres at a down-hole depth of 173.7 metres (Table 3). The mineralization in the drill hole is interpreted as distal and is not representative of the mineralization in the area of the historic resources. Drill hole 14-PA-005 was added to the drill program following recent structural analysis which indicated the possibility that 14-PA-002 and 14-PA-003 may not have fully tested the downdip extension of the high-grade mineralization that was sampled in an adit (671 g/t silver and 20.8% lead over 6.0 metres). Drill hole 14-PA-005 successfully intersected ten separate structures, all of which are interpreted to be zones of mineralization. Drill hole 14-PA-005 therefore drilled through a zone of intense historical mining, of significantly greater importance than recorded in any historical data. This has provided useful information on the focus of the historical mining at Plandiste and makes a significant contribution to the developing geological model at the Plandiste prospect. It is anticipated that subsequent to, and pursuant on results from a ground geophysical survey, the swarm of interpreted mineralized structures intercepted by hole 14-PA-005 at Plandiste would need to be drilled in future to obtain clean intercepts away from historic mining. Importantly, it appears that the Plandiste intercepts represent distal mineralization which provides added encouragement to test Plandiste to depth in Phase 2 drilling. Midlands is currently obtaining quotes for an induced polarization (IP) geophysical survey to cover the southern prospects of the Parlozi licence (Kukac, Maxim, Gomilice and Glavcine exploration targets). This data will be merged with the individual Phase 1 geophysical surveys that were already completed over the Plandiste and Parlozi prospects. These surveys, in combination with structural mapping would precede and facilitate Phase 2 drill planning. Systematic QA/QC protocols are followed on the project including insertion of duplicate, blank and standard samples in all sample batches. The samples were submitted to SGS laboratory located in Bor, Serbia for preparation and assaying for gold using a standard 30 gram fire assay method with atomic absorption finish. Sample pulps with 85% of content lower than 75 microns were analyzed at SGS laboratory in Bor as well for 49 elements using ICP-MS following digestion by 4 acids. Samples with results greater than 100 g/t silver or greater than 1% lead, zinc or copper in the ICP-MS results were re-analyzed using 4 acid digestion and atomic absorption finish.