Midland Makes a New Gold Discovery on Its Lewis Project Northwest of the Nelligan Deposit
August 19 2021 - 6:30AM
Midland Exploration Inc.
(“Midland”)
(TSX-V: MD) is pleased to report the
discovery of a new high-grade gold showing on its Lewis project,
wholly owned by Midland and located approximately 60 kilometres
southwest of the town of Chapais in the Abitibi region of Quebec.
This new project, acquired in April 2020,
consists of 172 claims (95 km2) and covers a strategic position
characterized by a regional flexure proximal to the
Guercheville-Opawica deformation zone. The Lewis project is located
approximately 60 km northwest of the Nelligan deposit jointly held
by Iamgold Corporation (75%) and Vanstar Mining Resources
(25%).
New high-grade gold showing: Golden Nest
Grab samples from the new Golden Nest showing
yielded gold grades of 10.2 g/t Au and 2.1
g/t Au. These values are located approximately 1.1
kilometres east of the Red Giant showing discovered by prospecting
in 2020, where channel samples yielded values up to 0.35 g/t Au
over 9.0 metres.
This new high-grade gold showing was discovered
during prospecting work conducted in May 2021. The prospecting
campaign was designed to cover high-priority induced polarization
(IP) anomalies that were identified during the winter 2021 survey
along the extensions of the Red Giant gold-bearing structure.
The Golden Nest showing is directly associated
with a moderate chargeability anomaly (5-10 mv/V) coinciding with a
sharp increase in resistivity. The gold-bearing zone corresponds to
a small outcrop of approximately 10 square metres exhibiting 5 to
10% pyrite mineralization. The IP anomaly associated with this
gold-bearing zone may be traced over a distance of at least 400
metres to the west. The gold-bearing zone is entirely new and has
never been drill-tested.
Further mechanical stripping and channel
sampling are planned and will be completed as soon as the necessary
permits are received.
The Lewis gold property is located approximately
60 kilometres northwest of the Nelligan deposit, which hosts
inferred resources estimated at 96.99 million tonnes grading 1.02
g/t Au for 3.19 million ounces of gold (Source: Nelligan NI
43-101 Technical Report dated October 22, 2019, prepared for
Iamgold Corp. and Vanstar Mining Resources). In addition,
approximately 10 kilometres west of the Lewis property lies the
former Lac Shortt mine, which historically produced 2.7 million
tonnes at a grade of 4.6 g/t Au (Source: MERN-SIGEOM).
Cautionary statements:
Grab samples are selective by nature and
reported values are not necessarily indicative of mineralized
zones.
The true thickness of mineralized zones
intersected in channel samples cannot be determined with the
information currently available.
Mineralization occurring at the Nelligan and Lac
Shortt gold deposits is not necessarily indicative of
mineralization that may be found on the Lewis property held by
Midland.
Quality control
Exploration programs are designed, and results
are interpreted by Qualified Persons employing a Quality
Assurance/Quality Control program consistent with industry best
practices, including the use of standards and blanks for every 20
samples. Samples from the Lewis project were analyzed by atomic
absorption (AA-23) at ALS Minerals laboratories in Val-d’Or,
Quebec. All samples are also analyzed for multi-elements, using
four-acid ICP–AES method (ME-ICP61) at ALS Minerals laboratories in
Vancouver, British Columbia.
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., Probe
Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines
Limited, Osisko 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.
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:
https://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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