Midland Identifies Several New Drilling Targets on Laflamme
November 27 2012 - 7:30AM
Marketwired Canada
Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) is pleased to report that
several new drilling targets have been identified on its Laflamme property,
along strike from the recent gold discovery by Maudore Minerals Ltd ("Maudore")
about 12 kilometres northwest of the Comtois gold deposit. The Laflamme project,
currently a 50/50 joint venture with North American Palladium Ltd ("NAP"),
consists of 724 claims totalling about 370 square kilometres and is located
about 25 kilometres northwest of the town of Lebel-sur-Quevillon in Quebec.
During the fall of 2012, ground-based geophysical surveys, namely
electromagnetic ("Max-Min") and induced polarization ("IP") surveys, were
completed over four grids. The latter covered electromagnetic targets identified
during the VTEM-type helicopter-borne survey, as well as geological and
structural targets located along the strike extensions of the recent gold
discovery by Maudore, less than 500 metres from the Laflamme property limits.
Maudore reported drill intersections grading 71.7 g/t Au over 1.2 metres, and
0.8 g/t Au over 40.8 metres, about 12 kilometres northwest of the Comtois gold
deposit (Source: Press release by Maudore dated June 6, 2012).
On Laflamme, a Max-Min electromagnetic survey was completed over the EM-16 grid
about 3 kilometres northeast of the Maudore discovery, and an IP survey was
carried out over the AU-11 grid located less than 1 kilometre northwest of the
Maudore discovery. Two other IP surveys were completed over the TCB-1 and TCB-2
grids, respectively located 5 and 7 kilometres further west. A weak Max-Min
conductor some 500 metres in length was identified on the EM-16 grid, and two
400-metre-long IP chargeability trends were defined along the edge of a folded
magnetic anomaly on the AU-11 grid. On the TCB-1 grid, a northeast-trending IP
chargeability anomaly some 500 metres in length was identified, whereas a
400-metre-long IP chargeability trend was detected on the TCB-2 grid.
In addition, two other anomalies (EM-15 and EM-9), respectively located 2
kilometres northeast and 1 kilometre southwest of the Maudore discovery, were
modelled directly using electromagnetic responses obtained during the VTEM
helicopter-borne survey; these also represent high-priority targets ready to be
drill-tested.
An important drilling program designed to test these new targets is expected to
begin early in 2013 and will consist of a minimum of 2,500 metres.
The Laflamme property covers more than 50 kilometres of favourable stratigraphy
and structures with potential for orogenic gold, volcanogenic massive sulphides
(Cu-Zn), and magmatic Ni-Cu-PGE deposits associated with ultramafic rocks. This
property was initially acquired in 2008 based on the presence of significant
gold, copper and zinc anomalies in till, identified under the Octave project
jointly led by the Ministere des Ressources naturelles et de la Faune (MRNF) and
the Geological Survey of Canada (GSC).
Maps showing the location of the Laflamme property and the drilling targets may
be consulted using the following links:
For Figure 1 - Map of the Abitibi showing the location of the Laflamme project,
click here: http://media3.marketwire.com/docs/Midland_fig1.pdf.
For Figure 2 - Regional geology map showing the location of the drilling
targets, click here: http://media3.marketwire.com/docs/Midland_fig2.pdf.
For Figure 3 - Total magnetic field map showing the location of the drilling
targets, click here: http://media3.marketwire.com/docs/Midland_fig3.pdf.
About Midland
Midland targets the excellent mineral potential and the favourable investment
climate of Quebec to make the discovery of new world-class deposits of gold,
base metals and rare earth elements. Midland is proud to count on reputable
partners such as North American Palladium Limited, Osisko Mining Corporation,
Agnico-Eagle Mines Limited, Japan Oil, Gas and Metals National Corporation and
SOQUEM Inc. Midland prefers to work in partnership and intends to quickly
conclude additional agreements in regard to newly acquired properties. Midland
is currently evaluating new opportunities and other projects in order to
increase the portfolio of the Company.
About North American Palladium Ltd
NAP is an established precious metals producer that has been operating its
flagship Lac des Iles (LDI) mine located in Ontario, Canada since 1993. LDI is
one of only two primary producers of palladium in the world, and is currently
undergoing a major expansion to increase production and reduce cash costs per
ounce. NAP also operates the Vezza gold mine located in the Abitibi region of
Quebec. The Company's shares trade on the NYSE MKT under the symbol PAL and on
the TSX under the symbol PDL. For more information, please visit www.nap.com.
This press release was prepared by Mario Masson, VP Midland Exploration and
Qualified Person as defined by NI 43-101.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gino Roger
President and Chief Executive Officer
450 420-5977
450 420-5978 (FAX)
info@midlandexploration.com
www.midlandexploration.com
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