Midland Begins Stripping Program on Its New Golden Nest Gold Showing Discovered on Lewis
September 23 2021 - 06:30AM
Midland Exploration Inc.
(“Midland” or the
“Corporation”) (TSX-V: MD)
is pleased to report the start of a stripping program on its new
Golden Nest gold showing discovered in the summer of 2021 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 kilometres northwest of the Nelligan deposit
jointly held by Iamgold Corporation (75%) and Vanstar Mining
Resources (25%).
Grab samples from the new Golden Nest showing
yielded two 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.
The Golden Nest gold showing is directly
associated with an induced polarization (IP) anomaly that coincides
with a sharp increase in resistivity and corresponds to a small
outcrop of approximately 10 square metres exhibiting 2 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, readily
accessible by road and has never been drill-tested.
The recently launched stripping program is
mainly designed to define the extent and investigate the extensions
of the mineralized zone on the Golden Nest showing, and to improve
our understanding of the structural controls and associated
alteration patterns. During the program, the best unexplained IP
anomalies located along the extensions of the showing will also be
tested. Assay results from the stripping program are expected later
this fall.
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 and Initial Mineral Resource Estimate for
the Nelligan Project, Quebec dated October 22, 2019, Filed on SEDAR
on December 4th 2019, prepared by Alain Carrier, Vincent
Nadeau-Benoit and Stéphane Faure of InnovExplo Inc. 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 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 Corporation 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
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/a06fdd08-5429-438b-909e-7ea86a1878afhttps://www.globenewswire.com/NewsRoom/AttachmentNg/469fb102-75c3-4bfd-a1a4-0e8c03e19a90https://www.globenewswire.com/NewsRoom/AttachmentNg/f1176eed-3f16-4be1-a560-7be1f67d00d3https://www.globenewswire.com/NewsRoom/AttachmentNg/9dc32ac9-638b-4182-bdea-14373d086fd7https://www.globenewswire.com/NewsRoom/AttachmentNg/6fc2b86b-2b90-4d7b-a0c1-938cf6ad5991https://www.globenewswire.com/NewsRoom/AttachmentNg/da6e788b-c91a-4962-9592-823e6174a449https://www.globenewswire.com/NewsRoom/AttachmentNg/368921fa-53ff-4ef7-a278-095a32a31060https://www.globenewswire.com/NewsRoom/AttachmentNg/9965857f-cd77-4503-8eba-1907e82b6a30https://www.globenewswire.com/NewsRoom/AttachmentNg/74990b65-dd83-420e-9df7-f4eb128e8b62
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