Midlands “TSX.V-MEX” “OTC.QX-MDLXF” Minerals announced on June 13, 2011 that drilling will resume on their Sian-Praso project which is their fully permitted, 600,000 ounce flagship gold project in Ghana. It has two past-producing open-pit mines, a renewable 30-year mining lease, an existing CIL plant and all the right infrastructure. Midlands Minerals’ President & CEO, Kim Harris, states, “All of the villages were relocated by the previous owners, which takes away a huge risk from us and makes the project very, very attractive. Taking it back to production will really be at a grossly discounted price because of all that is in place: the power is there, water, sewage treatment plans, skilled people that were working for the previous owner, buildings. Sian is a fantastic project, a lot of potential with 600,000 ounces and counting. We believe it is a multi-million-ounce deposit.”
A phased sequential and combination of a diamond drill and RC program of 50,000 m will shortly be initiated. An initial 20 holes of diamond core drilling with a planned hole depth of 150 m are planned on drill targets at the Sian property.
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