Midland Acquires a New Gold Project Along the Casa Berardi North Deformation Zone and Resumes Fieldwork
May 12 2020 - 7:30AM
Midland Exploration Inc.
(“Midland”)
(TSX-V: MD) is pleased to announce the
acquisition, by map designation, of 100% interest in 172 claims (96
km2) located approximately 20 kilometres south of the town of
Matagami, in Abitibi, Quebec. This new project, called Noyelles,
provides control over more than 30 kilometres of structures with
strong gold potential, within and proximal to the northern contact
of the sedimentary Taibi Group along the Casa Berardi deformation
zone.
This new acquisition is located approximately 8
kilometres northeast of the Vezza gold deposit, held by Nottaway
Resources Inc. and hosted in the southern part of the Taibi
sediments, along the Douay-Cameron deformation zone. The latter
also hosts the Douay deposit held by Maple Gold Mines Ltd. The
Douay deposit is located approximately 35 kilometres west of
Midland’s Noyelles new property and contains indicated resources
estimated at 8.6 million tonnes grading 1.52 g/t Au (422,000 ounces
of gold) and inferred resources of 71.2 million tonnes grading 1.03
g/t Au for 2.35 million ounces of gold (Source: NI 43-101 report by
RPA dated December 6, 2019).
The Noyelles property covers, over a distance of
more than 15 kilometres, the northern contact of the Taibi Group
sediments along the Casa Berardi North deformation zone. A felsic
intrusion, approximately 4 kilometres long, lies near this contact.
The intrusion causes a structural complexity and potential gold
traps associated with low-pressure zones along the lateral
extensions of the intrusion. A few historical gold occurrences are
reported near this contact, namely the historical Ludger gold
showing, located approximately 3 kilometres east of Noyelles, where
grades reaching 7.6 g/t Au over 2.3 metres in channel sample
and up to 2.2 g/t Au over 3.9 metres in drill hole are reported
(Source: MERN-SIGEOM NTS sheet 32F11; GM 57119).
Cautionary statements:
Mineralization occurring at the Vezza and Douay
gold deposits and at showings located on adjacent properties is not
necessarily indicative of mineralization that may be found on the
Noyelles property held by Midland.
The true thickness of historical drill
intercepts and channel samples listed in this press release cannot
be determined with the information currently available; intervals
are thus reported in core length.
Midland is currently conducting a detailed
compilation of previous work in preparation for a field campaign in
the summer of 2020.
Resumption of fieldwork
Following the announcement by the government of
Quebec that mineral exploration activities may resume starting on
May 11, 2020, Midland announces it will resume its field programs
starting on May 19, 2020. This work will consist of
prospecting and soil geochemistry surveys and will be conducted on
recently acquired projects, namely Lac Esther, Lewis and Noyelles.
In addition, drilling campaigns planned on the Maritime-Cadillac
(1650 m) and Casault (1300 m) projects are slated to begin in June
and July respectively.
The health and safety of our workers and
contractors comes first, and we are taking the necessary
precautions to prevent the spread of COVID-19, by complying with
health and safety measures recommended by Public Health officials,
and INSPQ and CNESST regulations governing the reopening of mineral
exploration activities in Quebec.
About Midland
Midland targets the excellent mineral potential
of Quebec to make the discovery of new world-class deposits of
gold, platinum group elements and base metals. Midland is proud to
count on reputable partners such as BHP Billiton Canada Inc.,
Agnico Eagle Mines Limited, O3 Mining Inc., SOQUEM INC., Nunavik
Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to
work in partnership and intends to quickly conclude additional
agreements in regard to newly acquired properties. Management is
currently reviewing other opportunities and projects to build up
the Company portfolio and generate shareholder value.
This press release was prepared by Mario Masson.
P.Geo., VP Exploration for Midland and Qualified Person as defined
by NI 43-101, who also approved the technical content of this press
release including the content of the historical assessment report
filed as GM 57119 in the Quebec government database.
For further information, please consult
Midland’s website or contact:
Gino Roger, President and Chief Executive Officer Tel.:
450 420-5977 Fax: 450 420-5978 Email:
info@midlandexploration.com
Website: www.midlandexploration.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This press release may contain forward-looking
statements that are subject to known and unknown risks and
uncertainties that could cause actual results to vary materially
from targeted results. Such risks and uncertainties include those
described in Midland’s periodic reports including the annual report
or in the filings made by Midland from time to time with securities
regulatory authorities.
Photos accompanying this announcement are available at
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