Midland Exploration Inc.
(“Midland”)
(TSX-V: MD) is pleased to provide an update
on its gold exploration programs underway in the James Bay region.
New gold occurrences were discovered during the summer 2019 field
programs on the Galinée, Elrond and Helm’s Deep projects. In
addition, Midland would like to announce it is actively seeking new
partnerships to launch new exploration campaigns for gold in the
James Bay region.
Galinée
The Elsa gold zone on the Galinée project was
discovered by Midland in 2018. This zone yielded grades up to
14.85 g/t Au in grab samples in June 2018 (press
release dated August 26, 2018; note that grab samples are selective
by nature and reported values are not representative of mineralized
zones). Manual trenching and channel sampling conducted in
September 2018 returned the following results: 3.26 g/t Au
over 2.4 metres, including 7.1 g/t Au over 1.0 metre; 2.62 g/t Au
over 0.8 metre; 1.36 g/t Au over 0.6 metre; and 1.91 g/t Au
over 0.7 metre (press release dated May 23, 2019; the true
thickness of mineralized zones intersected by channel samples has
not been determined). These channels cover a lateral extent of 12
metres. Gold mineralization at Elsa is hosted in a dextral shear
zone with numerous
quartz-tourmaline-pyrite±arsenopyrite±chalcopyrite veins
accompanied by strong sericite and massive tourmaline alteration in
the wall rocks. Visible gold was observed in many
locations in shear-hosted quartz veins. The gold
mineralization appears to be orogenic.
An induced polarization survey conducted in the
spring of 2019 clearly identified a strong 500-metre-long
chargeability anomaly directly coincident with the Elsa gold
showing. Another strong 600-metre-long chargeability
anomaly was also defined southeast of Elsa. The Elsa zone is a
high-priority drilling target.
In the west part of the Galinée project, a new
gold showing was discovered in June 2019. A shear zone with
mm-scale quartz veinlets and trace pyrite graded 0.96 g/t
Au (grab sample; unpublished results). Follow-up work was
carried out on this gold occurrence and the results will be
received sometime this fall.
Midland is seeking partners to advance this
high-potential project with drill-ready targets.
Elrond
The Elrond project sits at the contact between
the La Grande and Opinaca geological subprovinces, which hosts
several gold deposits and showings in the James Bay region (e.g.,
Éléonore, La Grande Sud, Cheechoo, Corvet-Est, Orfée, La Pointe).
In 2017, Midland discovered several new gold showings in this area
where no previous occurrences were reported.
In the southwest part of the Elrond project,
grab samples taken in amphibolite with strong arsenopyrite
mineralization yielded grades of 4.52 g/t Au and 3.23 g/t
Au (press release dated October 12, 2017). Approximately
100 metres further north, a grab sample of silicified amphibolite
collected in a shear zone graded 1.81 g/t Au.
Follow-up work on this showing in July 2019 confirmed the initial
gold grade, with new samples grading 2.17 g/t Au and 1.69
g/t Au (grab samples; unpublished results). Also in July
2019, in the same area, a grab sample of felsic dyke graded
2.49 g/t Au, accompanied by very high bismuth
values reaching 0.21% Bi.
In the northeast part of the project, another
gold occurrence with high molybdenum and bismuth values was
discovered in 2017. Here, anomalous values of 0.89 g/t Au,
0.43 g/t Au, and 0.38 g/t Au were reported in grab samples
(press released dated October 12, 2017). New grab samples collected
in the same area in June 2018 yielded even higher gold values,
grading 1.63 g/t Au and 1.35 g/t Au (unpublished
results). Gold mineralization is accompanied by strong
molybdenum (up to 0.06% Mo) and bismuth (up to 0.05% Bi)
values. Mineralization occurs within a decimetre-scale
fault zone, where disseminated mineralization is observed in host
rocks over a lateral extent of approximately 4 metres by 3 metres
wide. The host rock is a pink late pegmatitic biotite granite. The
mineralized zone remains open to the northeast. In July 2019, two
additional grab samples collected in the northeast part of the
project returned anomalous gold values, between 0.11 g/t Au
and 0.23 g/t Au accompanied once again by very high Mo
(up to 0.23% Mo) and Bi (up to 0.02%
Bi) values, still in pegmatitic granites (unpublished
results).
Many gold occurrences on the Elrond project
exhibit an Au-Bi-Mo-W metal footprint and are
associated with granitic/pegmatitic dykes, a setting
typical of intrusion-related gold deposits. Work carried
out in 2019 confirms the very strong potential on this project for
this type of mineralization, typically associated with very
high-tonnage gold deposits. Midland is seeking partners to
conduct further prospecting work on this high-potential
project.
Helm’s Deep
The Helm’s Deep project was launched in 2017,
following the discovery of a new gold showing, where a grab sample
of strongly sheared sandstone containing trace pyrite graded
2.42 g/t Au (press release dated October 12,
2017). Grab samples of sandstone with quartz-tourmaline-biotite
veins and calc-silicate alteration also yielded anomalous values of
0.72 g/t Au and 0.68 g/t Au. Work carried out in
2018 and 2019 (unpublished results) resulted in the discovery of
new gold showings on Helm’s Deep. In 2018, a
quartz-pyrite-chalcopyrite veining system graded 0.74 g/t
Au, 0.06% Cu and 7.1 g/t Ag over 0.5 metre in channel
sample. Also in 2018, a grab sample of sandstone injected with
quartz veinlets with chalcopyrite mineralization graded
1.13 g/t Au, 23.5 g/t Ag and 2.12% Cu. During the
July 2019 field campaign, a grade of 2.95 g/t Au
was obtained in a grab sample of a feldspar porphyry dyke with
quartz veinlets and trace pyrite. Finally, in July 2019, a grab
sample from a locally derived boulder of amphibolite with strong
quartz veining was sampled and graded 0.64 g/t
Au.
The Helm’s Deep project exhibits numerous zones
with quartz-tourmaline veining and spectacular calc-silicate and
biotite alteration zones in metasedimentary rocks, reminiscent of
alteration zones associated with gold mineralization at the
Éléonore* mine. The Helm’s Deep project is also adjacent to the
Clearwater project held by Eastmain Resources, which hosts the
Clearwater* gold deposit as well as the new Percival* discovery,
located approximately 2 kilometres north of Helm’s Deep. Midland is
seeking a new partner to continue prospecting work on the Helm’s
Deep project.
Éléonore Centre
The Éléonore Centre project is located
approximately 30 kilometres southwest of the Éléonore mine. The
stratigraphic sequence on the project includes wackes and
conglomerates of the sedimentary Low Formation, which is the main
host unit for mineralization at the Éléonore mine. Previous work by
Midland on Éléonore Centre identified that the contact between
conglomerates of the Low Formation and adjacent amphibolites is a
gold-bearing shear zone injected by
quartz-tourmaline-pyrite-scheelite veins. On the Golden Gun West
showing, grades up to 11.96 g/t Au in grab sample
and 0.44 g/t Au over 4.0 metres in channel sample were
obtained in a shear zone with quartz-tourmaline-pyrite-scheelite
veins at the conglomerate/amphibolite contact (press release dated
August 22, 2013). A grade of 18.8 g/t Au was
also obtained from a grab sample of an amphibolite-hosted quartz
vein (press release dated August 22, 2013). This favourable
contact between conglomerates and amphibolites has been traced over
nearly 20 kilometres on the project but has never been
drill-tested. The Éléonore Centre project therefore offers
strong potential for orogenic gold deposits and is ready to be
drill-tested. Midland is seeking new partnerships for future
drilling programs.
Update of the Mythril Cu-Au-Ag-Mo
project
Phase 3 of drilling on the Mythril project has
been recently completed. Ten holes for a total of 3397 meters have
been completed during this phase. With current laboratory delays,
complete assay results are expected for the end of October.
* Mines and deposits located near Midland projects in
the James Bay region
Éléonore mine: The Éléonore mine held by
Newmont-Goldcorp hosts 3.3 million ounces of gold in proven and
probable reserves, 0.5 million ounces in measured and indicated
resources, and 0.6 million ounces in inferred resources.
Clearwater deposit: The Clearwater deposit held
by Eastmain Resources hosts measured and indicated resources
totalling 853,000 ounces at a grade of 6.18 g/t Au, and inferred
resources of 500,000 ounces at a grade of 6.53 g/t Au.
Percival discovery: The Percival discovery, made
by Eastmain Resources in 2018, graded up to 2.35 g/t Au over
87 metres in drill hole.
Cautionary Statement: Mineralization occurring
at the mines and deposits listed above is not necessarily
representative of mineralization that may be found on projects held
by Midland described herein.
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. Rock samples on the projects 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 Billiton Canada Inc.,
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 Sylvain
Trépanier, P.Geo., VP Exploration for James Bay and Northern Quebec
at Midland and Qualified Person as defined by NI 43-101, who has
also approved the technical content of this press release.
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.explorationmidland.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.
Figures accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/44e1ece6-3661-464d-852d-274182ce395fhttps://www.globenewswire.com/NewsRoom/AttachmentNg/b8139be2-8a6b-493f-bef7-f06f79370debhttps://www.globenewswire.com/NewsRoom/AttachmentNg/e7e17572-9bd1-4f0c-9194-d37aa8130002https://www.globenewswire.com/NewsRoom/AttachmentNg/c42119d5-115c-4157-9930-7884f6214d7ahttps://www.globenewswire.com/NewsRoom/AttachmentNg/ce0fb9cc-94af-4439-8ece-0a82a9c0e7a9https://www.globenewswire.com/NewsRoom/AttachmentNg/fb99aa7e-bc64-40ec-9a99-974bbd24e83ahttps://www.globenewswire.com/NewsRoom/AttachmentNg/3c61d572-88d2-4277-81f2-6ad714da786bhttps://www.globenewswire.com/NewsRoom/AttachmentNg/7b461c09-2cc6-48e5-9453-53c8c80b62c2https://www.globenewswire.com/NewsRoom/AttachmentNg/abb79add-a8e4-4f15-9810-869193405919https://www.globenewswire.com/NewsRoom/AttachmentNg/96632d49-8208-4fe8-8805-c96e50f61950https://www.globenewswire.com/NewsRoom/AttachmentNg/2d6dafd7-209c-4635-85e3-0a17beee9f05https://www.globenewswire.com/NewsRoom/AttachmentNg/678f59c9-5685-4a1e-b3b6-75f5766ad2f0https://www.globenewswire.com/NewsRoom/AttachmentNg/56ebf3ef-ef4b-491b-8c9c-7576922f822c
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