Midland Exploration Inc. (
“Midland”)
(
TSX-V: MD) is pleased to issue an update on its
latest exploration activities across Quebec. Over the last few
months, Midland and its partners have been very active in the field
with a variety of drilling, stripping, geochemical sampling and
prospecting campaigns. Several new mineral occurrences were
discovered, and a number of new exploration targets were identified
on various projects.
Two drilling campaigns were completed on the
Casault and Gaudet-Fenelon JV projects during the summer, for a
total of nearly 10,000 metres of drilling. On Casault, a new
gold-bearing zone was recently identified in hole CAS-21-123 (see
Midland press release dated October 21, 2021).
Overall, more than 7,000 samples were sent to
the laboratory for assaying and assay results are currently
pending.
Highlights:
- New Au-bearing zone on Casault returned 6.85 g/t Au
over 2.0 metres in hole CAS-21-123
- 13 drill holes (5,295 metres) completed on the Casault
project under option by Wallbridge
- 14 drill holes (4,483 metres) completed on the
Gaudet-Fenelon JV project with Probe
- Two (2) new high-grade boulders discovered east of
Mythril; 10.25 g/t Au, 8.0 g/t Ag and 7.99 g/t Au, 166 g/t Ag, 0.4%
Cu, 0.07% Mo
- Prospecting programs completed in Nunavik under our
Alliances with BHP and SOQUEM
- Stripping and channel sampling completed on the Golden
Nest showing on Lewis
- More than 7,000 assay results pending
Abitibi region
Casault project (100% Midland – Under option by
Wallbridge Mining)
A drilling program consisting of thirteen (13)
drill holes totalling 5,295 metres was recently completed to test a
series of NW-SE-trending structures interpreted from the magnetic
survey. These targets are located a few kilometres north of the
Sunday Lake Fault and west of the Martiniere and Bug Lake
deposits.
Hole CAS-21-123, the first drill hole of the
program, was testing a prominent NW-SE oriented structure
interpreted from airborne magnetics and intersected 6.85
g/t Au over 2.00 metres from 254.50 to 256.50 metres. This
new intersection is associated with a mineralized zone consisting
of chalcopyrite, pyrite, pyrrhotite, and electrum, a gold-silver
mineral phase, within deformed and heavily carbonate-altered host
rocks. This NW-SE structural orientation remains untested over more
than 3 kilometres on the Casault property and is known to control
gold mineralization at Fenelon and Martiniere. A series of large
structures of this trend also transects the Casault property.
Complete assay results are pending.
Gaudet-Fenelon JV project (50% Midland – 50%
Probe Metals)
Over the course of August and September,
fourteen (14) drill holes totalling 4,483 metres were completed to
test induced polarization anomalies coinciding with biogeochemical
anomalies and structures interpreted from the magnetic survey.
Assay results are pending.
La Peltrie project (100% Midland – Under option
by Probe Metals)
On the La Peltrie project, three (3) induced
polarization grids were surveyed this summer to cover
biogeochemical anomalies identified along the perimeter of a
syntectonic intrusion. The final results and interpretation of the
three surveys are pending. A follow-up campaign is in preparation
for 2022.
Samson project (100% Midland)
A black spruce bark biogeochemistry survey was
conducted in the winter of 2021 in the vicinity of the new
high-grade gold discovery at Golden Delilah, which graded up to
99.1 g/t Au over 0.40 metre (DDH SAM-20-10; 106.45-106.85 m) and
23.0 g/t Au over 1.05 metres (DDH SAM-20-15; 317.10-318.15 m). This
biogeochemistry survey identified a new gold anomaly located
approximately 2 kilometres southeast of the Golden Delilah
showing. This new area has never been drill-tested and is located
near the western contact of a felsic pluton, where identified gold
anomalies are aligned along structures mainly trending NW-SE and
N-S.
Adam project (100% Midland)
In the spring of 2021, a black spruce bark
biogeochemistry survey covering the entire Adam property was
completed. The results highlighted several areas with anomalous Au,
As, Cu and Zn values, some of which are located along the same
stratigraphic level as the B26 deposit, i.e., just north of the
regional fault marking the contact between the Enjalran and
Brouillan groups. In addition, several of these anomalies coincide
with new untested helicopter-borne VTEM-type electromagnetic
anomalies.
Mistaouac project (100% Midland)
A black spruce bark biogeochemistry survey was
completed to cover the entire property. Several anomalies were
identified, one of which is of particular interest along the
contact of the Orvilliers pluton. This kilometre-scale anomaly is
characterized by elevated values in Au, Ag, Cu, Mo, Sb and Te.
Lewis project (100% Midland)
Following the discovery made this past summer by
prospecting at the Golden Nest showing, where grab samples yielded
grades of 10.2 g/t Au and 2.1 g/t Au, mechanical stripping and
channel sampling were completed in September. Approximately 50
samples are currently in the laboratory and assay results are
pending.
Patris project (100% Midland)
New exploration targets were identified
following a new lithogeochemical interpretation of the entire
property. These new targets include the depth extension of drill
holes PAT-15-05 and PAT-16-08, which identified an extensive
hydrothermal alteration zone (Au-Ag-Pb-Mo-Te) more than 80 metres
wide. In addition, two new target areas associated with Camflo-type
alkaline intrusions were identified near the La Pause Fault, where
turbidites of the Kewagama Group are in contact with volcanic rocks
of the Malartic Group.
James Bay region
Mythril and Mythril Regional projects (100%
Midland)
Over the course of August, a prospecting
campaign led to the discovery of two new high-grade boulders on the
Chisaayuu claim block of the Mythril Regional project. These
gold-bearing boulders are located approximately 75 kilometres east
of the Cu-Au-Ag-Mo Mythril zone, where the 3D model is currently
being updated to include the results of the 2021 drilling program.
These results include hole MYT-21-38 where 0.59% Cu, 0.05
g/t Au, 1.87 g/t Ag and 0.025% Mo over 28.50 metres from
56.50 to 85.00 metres, including 1.02% Cu, 0.09 g/t Au,
2.62 g/t Ag and 0.048% Mo over 10.50 metres from
56.50 to 67.00 metres, was obtained.
The two mineralized boulders discovered this
summer on Chisaayuu yielded values of 10.25 g/t Au, 8.02
g/t Ag (in Boulder 1), and 7.99 g/t Au, 166 g/t Ag, 0.4% Cu and
0.07% Mo (in Boulder 2). A till sampling program is in
preparation for the summer of 2022, as a follow-up and to locate
the source of the boulders.
Galinée project (100% Midland)
Prospecting work carried out in August on the
Galinée gold project identified several new gold-bearing boulders
that yielded values in grab samples up to 1.43 g/t Au, 1.40
g/t Au and 1.08 g/t Au south of the Elsa showing. Other
boulders were also discovered approximately 2 kilometres further
west, grading up to 0.96 g/t Au and 0.50 g/t Au
(grab samples). Several induced polarization anomalies remain
unexplained to the north of these gold-bearing boulders.
Elrond project (100% Midland)
The final results of the 80 till samples
collected over the summer, southwest of Harfang Exploration Inc.’s
Serpent gold project, are pending.
Nunavik region
Ni-Cu Alliance with BHP in Nunavik
A three (3)-week prospecting program was
completed in September and October under the Ni-Cu Alliance with
BHP. This program was mainly designed as a ground follow-up of
VTEM-type electromagnetic anomalies identified during the summer
2021 survey. More than 100 samples were collected, and assay
results are pending.
Alliance with SOQUEM in the Labrador Trough
During the summer of 2021, two phases of
prospecting totalling three weeks each were conducted in
partnership with SOQUEM under the Labrador Trough Alliance. More
than 900 samples were collected, and assay results are pending.
Cautionary statements
- Grab samples are selective by nature and reported values are
not necessarily indicative of mineralized zones.
- The true thickness of reported intervals cannot be determined
with the information currently available; intervals are thus
reported in core length.
- Mineralization occurring on the Fenelon Gold and Martiniere/Bug
Lake projects held by Wallbridge are not necessarily indicative of
mineralization that may be found on the Casault property held by
Midland.
Quality Control
Drill core samples from the 2021 drill program
at Casault were cut and bagged on site and transported to AGAT
Laboratories Ltd. for analysis. Samples are crushed to 75% less
than 2mm. A 250g riffle split is pulverized to 85% passing 75
microns. 50g samples are analyzed by fire assay and AAS. Samples
>10g/t Au are automatically analyzed by fire assay with
gravimetric finish or screen metallic analysis. To test for coarse
free gold and for additional quality assurance and quality control,
Wallbridge requests screen metallic analysis for samples containing
visible gold. These and future assay results may vary from time to
time due to re‒analysis for quality assurance and quality
control.
Exploration program design and interpretation of
results on Galinee and Chisaayuu projects is performed by qualified
persons employing a Quality Assurance/Quality Control program
consistent with industry best practices, including the use of
standards and blanks with every 20 samples. Rock samples on the
project are assayed for gold by standard 30-gram fire-assaying with
inductively coupled plasma atomic emission spectroscopy (ICP-AES;
Au-ICP21) or gravimetric finish (Au-GRA21) at ALS Minerals
laboratories in Vancouver, British Columbia. All samples are also
analysed for multi-elements, using four-acid ICP–AES method
(ME-ICP61), also at ALS Minerals laboratories in Vancouver, British
Columbia. Samples that exceed 1% copper, zinc, molybdenum or nickel
are reanalyzed by four-acid ICP-AES optimized for high grades.
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 Development Corp., 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.
16 photos accompanying this announcement are available
at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/0a574b3f-3a75-4e84-92fa-da4b9d8abccd
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