Midland, in Partnership With RTEC, Announces the Launch of a Maiden 5.8M CAD Lithium Drilling Program on Galinée
19 Marzo 2024 - 12:30PM
Midland Exploration Inc. (
“Midland”)
(
TSX-V: MD), in partnership with Rio Tinto
Exploration Canada Inc. (“RTEC”), is pleased to announce the start
of a maiden drilling program on the Galinée project, approximately
8 kilometres east of the Adina lithium deposit held by Winsome
Resources (“Winsome”). The Galinée project is currently wholly
owned by Midland and is subject to an option agreement signed with
RTEC in June 2023 (see press release by Midland dated June 14,
2023).
Highlights:
- Maiden 5.8M CAD drilling
program targeting the Iceberg Showing to start on the Galinée
project;
- Iceberg Showing consists if
spodumene-bearing pegmatite dykes identified over at least 600
metres strike length with high-grade grab samples grading up to 7.2
% Li2O;
- An additional 1.3M CAD
exploration program on the 10 optioned projects, including Komo and
Shire.
A 5.8M CAD maiden diamond drilling program is
planned to begin early April on the Iceberg spodumene showing. This
program aims to define the grade and geometry of the Iceberg
spodumene pegmatites, identified in 2023 (see press release by
Midland dated January 15, 2024), by drilling along several fences.
In addition to drilling, a summer surface exploration program is
also planned on the Galinée project over targets generated by the
2023 high-resolution airborne magnetic and radiometric survey used
to identify structures that could host spodumene pegmatites. This
summer exploration work is part of a vast 1.3M CAD reconnaissance
exploration program planned to cover the ten (10) projects of the
option agreement (Galinée, Corvette, Mythril East, Chisaayuu, Komo,
Shire, Moria, Picard, Warp, and Sulu).
The Iceberg showing consists of a series of
spodumene exposures outcrop, now over a 600m east-west strike
intermixed with amphibolite and granodiorite. High-grade grab
samples on the Iceberg showing returned up to 7.2 % Li2O, including
6 samples grading between 5.0 % Li2O and 7.2 % Li2O (see press
release by Midland dated November 2, 2023). Two other lithium
showings, Iceberg Southwest and Iceberg South, are located
respectively 900 and 500 metres from the main Iceberg showing. The
Iceberg Southwest spodumene-bearing outcrop returned three (3)
samples grading between 3.0% Li2O and 3.6% Li2O. Moreover, a
spodumene-bearing boulder located 100 metres west of this showing
returned 4.1% Li2O. The Iceberg South Showing consists of a
pegmatite subcrop and returned an anomalous lithium value of 0.7%
Li2O (see press release by Midland dated January 15, 2024).
The Galinée project is located approximately 4
kilometres due east of the Adina showing held by Winsome. This
showing is located at the contact between amphibolites of the
Trieste Formation to the south and felsic intrusives to the north
and is marked by a major structure that likely controlled the
emplacement of pegmatites at the Adina showing. The same highly
favourable contact zone is present on the property over more than 7
kilometres, and the Iceberg lithium showing was discovered along
this contact (see press release by Midland dated September 19,
2023).
The Komo Project is located approximately 20
kilometres west of the James Bay lithium deposit (Arcadium
Lithium). Komo and the James Bay lithium deposit are both located
at the contact between the La Grande and Nemiscau geological
subprovinces. This contact is a major structure that likely plays a
critical role in the emplacement of the James Bay lithium host
pegmatite and is present over nearly 30 kilometres on the Komo
project.
The Shire project is located within amphibolites
of the Lac des Montagnes geological Group, which hosts the
Whabouchi lithium deposit about 60 kilometres southwest of Shire.
The Whabouchi lithium deposit is characterized by a pegmatite
intrusion assigned to the Senay granitic Suite, which also occurs
on the Shire project. This project is also located along a major
structure that could be critical for the emplacement of
lithium-bearing pegmatites in the area (the boundary between the La
Grande and Opatica geological subprovinces).
Furthermore, a regional statistical treatment
completed by Midland identified several lake bottom sediment
lithium anomalies on the Corvette, Chisaayuu, Komo, Shire, Picard,
Warp and Sulu projects (see press release by Midland dated March 6,
2023).
Cautionary statements
Grab samples are selective by nature and may not
be representative of mineralized zones.
Lithium mineralization occurring at deposits
mentioned in this press release is not necessarily indicative of
mineralization that may be intersected on projects held by Midland
and mentioned 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
and critical metals. Midland is proud to count on reputable
partners such as RTEC, BHP Canada Inc., Barrick Gold Corp.,
Wallbridge Mining Company Ltd, Probe Gold Inc., Agnico Eagle Mines
Limited, Electric Element Mining Corp., SOQUEM Inc., Brunswick
Exploration Inc., Nunavik Mineral Exploration Fund, Cosmos
Exploration Limited 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
Midland’s portfolio and generate shareholder value.
Qualified Person and Chief Geologist
Jean-François Larivière, P. Geo, Ph. D, prepared this press release
and verified the Galinée project data as Midland’s qualified person
(QP) within the meaning of National Instrument 43-101. The QP has
verified the data as per clause 3.2 – given they are confidently
identifying spodumene using these methods.
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:
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.
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