Midland Completes Assessment of the Excellent Lithium Potential on Galinée Near Winsome’s Adina New Discovery
January 26 2023 - 7:30AM
Midland Exploration Inc.
(“Midland”)
(TSX-V : MD) has completed a geological
assessment of the excellent lithium potential on its Galinée
project, wholly owned by Midland.
Midland’s Galinée project is located
approximately 4 kilometres east of the promising Adina lithium new
discovery held by Winsome Resources Limited (“Winsome”), who
recently announced drill intercepts reaching 1.34% Li2O over 107.6
metres (see press release by Winsome dated January 6, 2023). Recent
drilling results (DDH AD-22-043) by Winsome reported that spodumene
bearing pegmatite were intersected about 1.6 kilometres north-east
(Adina far east Zone) of the discovery showing and about 1.0
kilometres north-east of previous reported intersections. Drillhole
AD-22-043 intersected 17.1 metres of spodumene bearing pegmatite
(see press release by Winsome dated January 25, 2023).
This Adina showing is located at the contact
between amphibolites of the Trieste Formation to the south and
felsic intrusives to the north. This contact is marked by a
major structure that most likely controlled the emplacement of
pegmatites on the Adina showing. This same highly favourable
contact is present on Midland’s Galinée property over more than 7
kilometres and has never been explored for lithium in the
past. This strongly suggests that the Galinée project
shows excellent potential for lithium exploration.
The Galinée project consists of 54 claims
covering a total of 28 square kilometres. Historically, this
project was worked for its gold potential and has never been
explored for its excellent lithium potential. Midland is currently
planning an exploration program that will be launched in the coming
weeks.
Global demand for lithium is growing to meet the
needs of the electric vehicle industry and in light of the unstable
geopolitical context. The Galinée project, wholly owned by Midland,
provides an opportunity to potentially help meet this growing
demand.
Cautionary statement:
Mineralization occurring on the Adina project
held by Winsome is not necessarily indicative of mineralization
that may be identified on the Galinée property held by Midland.
About Midland
Midland targets the excellent mineral potential
of Quebec to make the discovery of new world-class deposits of gold
and critical metals. Midland is proud to count on reputable
partners such as BHP Canada Inc., Rio Tinto Exploration Canada
Inc., Wallbridge Mining Company Ltd, Probe Gold Inc., Agnico Eagle
Mines Limited, Osisko Development Corp., SOQUEM Inc., Brunswick
Exploration 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, 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 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
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/9422530a-1b90-4cd0-90d3-f347a8971c39https://www.globenewswire.com/NewsRoom/AttachmentNg/ba3fc8f3-4bfe-4d91-8dd4-5f3a46ec4351https://www.globenewswire.com/NewsRoom/AttachmentNg/eaecc3f8-e962-446e-9031-6d2a802576ec
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