Midland Exploration Inc. (
“Midland”)
(
TSX-V: MD) is pleased to announce the completion
of several exploration programs on its active projects in the
Abitibi region. These gold projects are located in the Detour Lake
belt (Sunday Lake and Lower Detour faults), in an area southwest of
Chapais, and along the prolific Cadillac Break.
In the Detour Lake belt, several exploration
programs were conducted this fall, with drilling on the Samson
project, geophysical and geochemical surveys on the Gaudet-Fenelon
and La Peltrie properties in partnership with Probe Metals Inc.
(“Probe”), as well as compilation and targeting
work on the Casault project, in partnership with Wallbridge Mining
Company Ltd (“Wallbridge”). Drilling was also
conducted with Agnico Eagle Mines Limited (“Agnico
Eagle”) on the Maritime-Cadillac project, as well as
mechanical stripping on the Lewis project located southwest of
Chapais.
Due to current delays experienced in assay
laboratories, all assay results from these various exploration
programs are expected to come in early December.
Highlights:
- Two (2) drill holes (1, 311
m) completed on Maritime-Cadillac
- Seven (7) drill holes
(1,810 m) completed on Samson – Golden Delilah
- Geophysical and geochemical
surveys conducted on La Peltrie and Gaudet-Fenelon
- Stripping completed on a
new gold showing on Lewis
- Assay results expected in
early December for all these programs
- Several drilling campaigns
to come in the winter of 2021 with a minimum of 5,000
metres
Cadillac Break
The Maritime-Cadillac property,
a joint venture between Agnico Eagle (51%) and Midland (49%), is
located along the Cadillac Break in Abitibi, Quebec.
A drilling campaign consisting of two (2) drill
holes totalling 1,311,0 metres was conducted this fall on the
Maritime-Cadillac JV property in partnership with Agnico Eagle. The
drilling program included one drill hole (121-20-41) totalling
879.0 metres and testing the down-plunge extension of the Dyke East
zone at a vertical depth of 700 metres. The drill hole intersected
the target over approximately 15 metres core length: an
intermediate intrusion altered to biotite-carbonate-chlorite and
containing up to 2% pyrite-pyrrhotite mineralization with trace
arsenopyrite, from 761.5 to 776.5 metres depth.
The second hole in the program was drilled to a
final depth of 432.0 metres and was designed to test two parallel
gold-bearing zones associated to mafic volcanic rocks and
ultramafic talc-chlorite carbonate schists contact (the South and
North zones), identified in drill hole in a historically
underexplored area south of the Maritime-Cadillac zone. Drill hole
121-20-40 intersected mafic volcanic rocks alternating with
sediments locally altered to biotite and containing up to 2-3%
pyrite-pyrrhotite mineralization over metre-scale intervals and
both South and North volcanic rocks and ultramafic schists contact
zones.
Detour Lake belt
On the Samson project, wholly
owned by Midland, a second drilling campaign was completed in early
October. This campaign was designed to follow up on the new gold
discovery, named Golden Delilah, made in the summer of 2020. This
new discovery consists of a quartz-albite vein intersected over a
core length of 1.60 metres, hosted in ultramafic intrusive
rocks, which graded 99.1 g/t Au, 71.3 g/t Ag and 0.17%
Pb over 0.40 metre from 106.45 to 106.85 metres (see press
release by Midland dated September 1, 2020).
The drilling campaign conducted in early October
included seven (7) drill holes totalling 1,810.0 metres. Three
(3) drill holes tested the strike extensions of the Golden Delilah
zone at a 50-metre spacing, whereas three (3) other drill holes
tested the possible extensions of the Golden Delilah fault,
respectively 500 metres west and 350 and 550 metres southeast of
the gold showing. The remaining drill hole tested an induced
polarization (IP) anomaly located approximately 850 metres
southeast of Golden Delilah. A minimum of 2,000 metres drilling
program is planned for the winter of 2021. This drilling program
will test the lateral and depth extensions of the Golden Delilah
gold-bearing structure.
The Casault project, currently
optioned by Wallbridge, is located along the Sunday Lake Fault,
approximately 40 kilometres east of the Detour Lake mine. In 2017,
Midland discovered the Vortex zone, a major gold-bearing system
associated with alkaline intrusions. Wallbridge is currently
conducting a thorough property-scale compilation in an effort to
define the next drilling targets that will be tested during a
diamond drilling program planned for the late winter of 2021.
Wallbridge will incur a minimum of $750,000 in exploration
expenditures before June 30, 2021 (First year firm commitment).
The Gaudet-Fenelon project is a
50/50 joint venture between Midland and Probe. Geophysical surveys
conducted in the summer of 2020 included a new OreVision IP survey
totalling 42.5 kilometres and covering a structural domain
similar to the Fenelon-Tabasco-Area 51 gold zone held by
Wallbridge. Interpretation of the OreVision IP survey conducted in
the summer of 2020 shows several high-chargeability axes, commonly
combined with resistivity highs. High-priority gold targets are
located in prospective areas characterized by a high degree of
structural complexity. This complexity is mainly the result of a
higher density of NW-SE, E-W and ENE-WSW-trending structures. In
addition, a geochemical sampling program covering the IP grid is
also underway. A drilling program is planned for the winter of
2021, to test the best targets combining geophysical and
geochemical anomalies and structural complexities.
The La Peltrie project is
wholly owned by Midland and is currently optioned by Probe. This
project is located south of the Lower Detour Fault, approximately
25 kilometres southeast of Zone 58N. The entire northern part of
the La Peltrie project covers a highly prospective area for gold
mineralization associated with subsidiary faults similar to the
Zone 58N deposit. A high-resolution magnetic survey and a
geochemistry survey are currently underway to define high-priority
targets that will be further tested with geophysical IP surveys and
drilling next winter. Probe will incur a minimum of $500,000 in
exploration expenditures before July 31, 2021 (First year firm
commitment).
Following a reassessment of the potential on the
Jouvex property recently conducted by Midland, two
main areas are now targeted for upcoming exploration campaigns. The
first target area consists of a NW-SE-trending structure called the
Casa Berardi North Fault, which can be traced over more than
10 kilometres on Jouvex and which locally marks the southern
contact of the sedimentary Taïbi Group. The second target area
corresponds to a regional structural lineament trending E-W,
extending from the Casa Berardi mine over a distance of more than
65 kilometres. This lineament may be traced over a strike length of
more than 15 kilometres in the north part of the Jouvex property
and locally marks the northern contact of the Taïbi Group
sediments. Midland is currently assessing the possibility of
testing several new drilling targets that are favourably located
near historical gold occurrences proximal to the E-W-trending
lineament. These drilling targets mainly consist of induced
polarization (IP) anomalies located along the direct extensions of
historical gold showings.
Chapais area
During the month of October, mechanical
stripping was conducted on the Lewis project on
new gold showings discovered by prospecting in the summer of 2020
(see press release by Midland dated October 15, 2020). These new
showings, spaced approximately 400 metres apart, were discovered on
surface in the northwest part of the Lewis project, approximately 8
kilometres northeast of the former Lac Shortt mine. The showings
yielded several anomalous gold values in grab samples, ranging from
0.2 g/t Au to 2.1 g/t Au. The two showings, characterized by
the presence of numerous quartz-carbonate veins with pyrite
mineralization, may be part of the same ENE-trending corridor,
which has never been drill-tested. During the winter of 2021,
Midland will complete a geophysical (IP) survey covering this new
discovery. A first diamond drilling program will also be conducted
to test the best geophysical, geological and geochemical
targets.
Cautionary statements:
Grab samples are selective by nature and are
unlikely to represent average grades of the mineralized zones.
The true thickness of reported drill intercepts
cannot be determined with the information currently available.
Mineralization occurring at the mines and
deposits listed above is not necessarily indicative of
mineralization that may be found on properties held by Midland
described in this press release.
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 Gold Royalties Ltd, 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, who 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.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.
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1835ee01-544e-469d-bbb6-65296a8f3cf1
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