Midland Begins an Important Drilling Program Totalling 10,000 Metres on Its Gold and Ni-Cu Projects in Abitibi
December 13 2022 - 7:30AM
Midland Exploration Inc. (
“Midland”)
(
TSX-V: MD) is pleased to announce the beginning
of a major drilling program, totalling more than 10,000 metres, on
its gold and Ni-Cu projects in the Abitibi region.
This aggressive drilling program will test more
than 40 of the best exploration targets developed over the past few
years on the Company’s projects in the Abitibi region, following
historical drilling, geophysical and biogeochemical surveys. The
five (5) projects targeted under the program are all located
proximal to major gold-bearing structures in the Abitibi, such as
the Cadillac-Larder Lake, Destor-Porcupine, Lower Detour /Bapst and
Opawica-Guercheville faults. These large-scale regional structures
are all important metallotects and host significant gold mines
and/or deposits in Abitibi.
The drilling program, dubbed the Abitibi
Discovery Drilling Program (“ADDP”), will mobilize one
drill rig continuously for the full period from December 2022 to
March 2023 on the following projects: Patris, Heva, Laflamme JV,
Adam and Lewis projects. Planning and logistics are currently
underway so as to successfully launch the program in December
2022.
Most of the targets are for orogenic gold but a
few gold targets are also associated with alkaline intrusions that
were previously identified on some projects such as Patris. This
program will also test the best targets near the high-grade gold
floats discovered on Laflamme JV that returned up to 28.7
g/t Au and 6.0 g/t Au in grab samples. Recently, new
gold-bearing shear zones were discovered North of the gold-bearing
floats and returned up to 18.9 g/t Au and 5.7 g/t
Au in grab samples (see Midland’s press release dated
November 29, 2022). This program will also test Ni-Cu-Pt-Pd targets
identified with the 3D model proximal to the Copernick zone which
had returned 0.45% Ni, 0.33% Cu, 0.15 g/t Pt and 0.24 g/t
Pd over 42.6 metres in hole LAF-16-38. Several untested
VTEM conductors will be tested on Adam in the extension of the B26
deposit. On Lewis, a new structure with anomalous gold values,
intersected over several metres in channel samples collected on the
Red Giant and Golden Nest surface occurrences discovered in 2020
and 2021, will be the main target tested during the program.
Although most of the drilling targets have
already been defined, additional fieldwork was completed during the
summer to provide a maximum of information to assist with the final
targeting and prioritization of targets. This work included
high-resolution magnetic surveys, geophysical induced polarization
surveys, as well as geochemistry surveys.
Midland intends to continue to actively develop
its search for new partnerships for its wholly owned projects,
including projects included in this drilling program.
Cautionary statement:
Note that grab and float sample grades may not
be representative of mineralized zones.
The true thickness of reported intervals cannot
be determined with the information currently available; intervals
are thus reported in core length.
Quality Control
Rock samples on the project are assayed for gold
by standard 50-gram fire-assaying with atomic absorption finish
(Au-AA24) or gravimetric finish (Au-GRA22) at ALS Laboratories in
Val-d’Or, Quebec. 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 with 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 BHP Canada Inc., Rio Tinto
Exploration Canada Inc., Probe Metals Inc., Wallbridge Mining
Company Ltd, Agnico Eagle Mines Limited, Brunswick Exploration
Inc., 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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/916e7df7-f751-42b9-8991-081f70ec0801
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