Midland and SOQUEM Discover a New Gold-Bearing Boulder and Zinc-Copper Showings in the Labrador Trough
December 16 2021 - 6:30AM
Midland Exploration Inc. (“
Midland”)
(
TSX-V: MD), in partnership with SOQUEM, is
pleased to announce the acquisition of 160 claims based on the
latest results of a reconnaissance campaign conducted last summer
under the Labrador Trough Strategic Alliance concluded in February
2021.
Highlights:
- Discovery of a gold-bearing
boulder (40.8 g/t Au) in the Lac à Terre Rouge area
- New Zn-Cu showing (5.64%
Zn, 0.14% Cu) located 4.5 km northwest of the Lac Lelièvre
showing
- Lac Lelièvre showing
extended 25 m to the northwest (0.17 g/t Au, 30 g/t Ag, 2.3% Zn,
472 ppm Cu, 0.6% Pb)
The new gold-bearing boulder is located
approximately 125 km south of Kuujjuaq, in the Lac à Terre Rouge
area. A grab sample taken from a metre-scale boulder yielded a
grade of 40.8 g/t Au. Gold appears to be associated with quartz
veins and pyrite mineralization. The area up-ice from this boulder
has seen very little exploration. A total of 148 claims were
acquired in this area.
In the Lac Lelièvre area, 95 km south of
Kuujjuaq, grab sample results successfully extended the horizon
hosting the Lac Lelièvre showing (Cu-Zn) by another 25 m to the
northwest. The grab sample yielded grades of 2.3% Zn, 0.48% Cu,
0.17 g/t Au and 30 g/t Ag. A second sample collected some 4.5 km
northwest of the Lac Lelièvre showing returned 5.64% Zn and 0.14%
Cu. These samples are associated with massive to semi-massive
sulphides in metasedimentary rocks. The massive sulphides consist
of pyrrhotite, chalcopyrite and sphalerite. The Zn, Cu, Au, Ag, As,
Pb, Sb metal signature of these samples is typical of Besshi-type
VMS deposits. Twelve (12) new mining claims were added north of the
Lelièvre claim block to cover these new results.
These results confirm the excellent potential of
the Labrador Trough for numerous types of mineral deposits,
including in areas that have remained underexplored until now.
Midland and SOQUEM are planning on returning in the Labrador Trough
for two (2) exploration campaigns during the summer of 2022.
Cautionary statement:
Note that grab sample grades may not be
representative of mineralized zones.
Quality control
Rock samples from the project are analyzed by
standard fire-assay on 30-gram fractions with atomic absorption
finish (Au-AA23) or gravimetric finish (Au-GRA21) at ALS
Laboratories in Val-d’Or, Quebec, or Sudbury, Ontario. All samples
are also analyzed for multi-elements using the four-acid ICP-MS
method. 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.
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 SOQUEM Inc., BHP Canada Inc.,
Rio Tinto Exploration Canada Inc., Probe Metals Inc., Wallbridge
Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Development
Corp., 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.
About SOQUEM
SOQUEM, a subsidiary of Investissement Québec,
is dedicated to promoting the exploration, discovery and
development of mining properties in Quebec. SOQUEM also contributes
to maintaining strong local economies. Proud partner and ambassador
for the development of Quebec’s mineral wealth, SOQUEM relies on
innovation, research and strategic minerals to be well-positioned
for the future.
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 OfficerTel.: 450
420-5977Fax: 450
420-5978Email: info@midlandexploration.comWebsite: 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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