Midland Exploration Inc. (“Midland”)
(TSX-V: MD) is pleased to report new results from a
prospecting campaign conducted in June 2024 in the Canyon Lake area
on its Willbob gold project, wholly owned by Midland.
Highlights:
- Seven (7) rock
samples grading more than 1 g/t Au in the Canyon Lake area,
including three (3) values above 5 g/t Au:
39.5 g/t Au, 26.5 g/t
Au and 9.85 g/t Au.
- The Canyon
mineralized zones now extend over 790 metres along the sheared
contact with gabbro and iron formation.
- Several
anomalous gold values in soil samples (10), reaching 431 ppb
Au in an unexplored area.
This prospecting and soil sampling campaign was
conducted in the Canyon Lake area of the Willbob project in June.
Follow-up work on showings discovered in July 2019 (see press
release dated August 22, 2019) resulted in gold grades reaching up
to 39.5 g/t Au (Canyon-3 area). Two new
gold-bearing areas are highlighted and as a result, the gold
mineralized zones now extend over 787 metres. Several
anomalous gold values are observed in soil samples and will require
follow-up work. Gold values above 0.100 ppm in rock samples
and above 10 ppb in soil samples are listed in the table
below.
Rock samples |
g/t Au |
Location |
Soil samples |
Au ppb |
C1457706 |
39.5 |
13 m NW of Canyon-3 |
C1457938 |
431 |
C1457502 |
26.5 |
35 m NW of Canyon-1 |
C1457917 |
95 |
C1457512 |
9.85 |
100 m NW of Canyon-1 |
C1457906 |
76 |
C1457705 |
4.66 |
5 m SE of Canyon-3 |
C1457977 |
62 |
C1457657 |
3.74 |
92 m NW of Canyon-1 |
C1457976 |
32 |
C1457658 |
2.96 |
92 m NW of Canyon-1 |
C1457948 |
31 |
C1457718 |
1.07 |
111 m NW of Canyon-1 |
C1457920 |
30 |
C1457665 |
0.819 |
487 m NW of Canyon-3 |
C1457945 |
28 |
C1457513 |
0.793 |
112 m NW of Canyon-1 |
C1457947 |
12 |
C1457707 |
0.632 |
Footwall of 39.5 g/t Au |
C1457975 |
11 |
C1457673 |
0.324 |
487 m NW of Canyon-3 |
|
|
C1457561 |
0.281 |
260 m NW of Canyon-3 |
|
|
C1457727 |
0.218 |
487 m NW of Canyon-3 |
|
|
C1457555 |
0.16 |
38 m W of Canyon-3 |
|
|
C1457728 |
0.148 |
487 m NW of Canyon-3 |
|
|
C1457654 |
0.144 |
38 m W of Canyon-3 |
|
|
C1457519 |
0.143 |
487 m NW of Canyon-3 |
|
|
Follow-up prospecting work on the Canyon Lake
occurrences
Prospecting work carried out in July 2019 led to
the discovery of three new high-grade gold occurrences on new
claims acquired by Midland in 2019 in the Canyon Lake area (see
press release dated August 22, 2019). The Canyon-1 showing yielded
high-grade gold values reaching 31.5 g/t Au,
5.95 g/t Au, and 3.77 g/t Au (grab samples).
At the Canyon-2 showing, located 250 metres
northwest of Canyon-1, grades reaching 23.5 g/t,
18.55 g/t Au, 4.94 g/t Au, 2.08 g/t Au, and
1.01 g/t Au were obtained in grab samples.
Finally, the Canyon-3 showing, located 30 m
north of Canyon-2, yielded grades of 6.85 g/t
and 3.35 g/t Au in grab samples in
July 2019.
Twelve (12) additional grab samples collected
between Canyon-1 and Canyon-3 also yielded values between
0.1 g/t and 1 g/t Au.
Cautionary statements:
Note that grades obtained in grab samples are
not necessarily representative of mineralized zones.
Quality control
During the last prospecting program, assay
samples (grabs) were taken and sent to a certified commercial
laboratory (Actlab). A strict QA/QC program was applied to all
samples which includes insertion of mineralized standards and blank
samples for each batch of 20 samples. The gold analyses were
completed by fire assay with atomic absorption finish on 50 grams
of materials. The samples were also analyzed using a multi-element
(60) geochemical group by 4-acid digestion followed by ICP-OES
(Inductively Coupled Plasma Optical Emission Spectroscopy)
finish.
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., Barrick Gold Corporation, Probe Gold Inc.,
Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Electric
Element Mining 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 reviewed and approved by
Richard D St-Cyr, Exploration Director for Midland Exploration and
Qualified Person as defined by NI 43-101, who has 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.: 450 420-5977Fax: 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.
Forward-looking statements
This news release contains forward-looking
statements and forward-looking information (together,
“forward-looking statements”) within the meaning of applicable
securities laws. Forward-looking statements include the funding
under the Generative Phase, the advancement of a project to the
Testing Phase, the expenditure amount under the Testing Phase, the
payment of success fees to Midland, the advancement of a project to
the Joint Venture Phase and other estimates and statements that
describe Midland’s future plans, objectives or goals, including
words to the effect that Midland or management expects a stated
condition or result to occur. All statements, other than statements
of historical facts, are forward-looking statements.
Forward-looking statements involve risks, uncertainties and other
factors that could cause actual results, performance, prospects and
opportunities to differ materially from those expressed or implied
by such forward-looking statements. Factors that could cause actual
results to differ materially from these forward-looking statements
include, without limitation, certain rights of BHP to cease funding
under the Alliance, the results of exploration in the AOI, Midland’
ability to contribute funding to maintain its interests in
Designated Projects, Midland’s ability to fund its contributions
under a joint venture, if formed, or have any participating
interest diluted, changes in general economic conditions and
conditions in the financial markets, changes in demand and prices
for minerals, failure to obtain the requisite permits and approvals
from government bodies and third parties, regulatory and
governmental policy changes (laws and policies) and those risks set
out in Midland’s public documents, including in each management
discussion and analysis, filed on SEDAR at www.sedar.com. Although
Midland believes that the assumptions and factors used in preparing
the forward-looking statements are reasonable, undue reliance
should not be placed on these statements, which only apply as of
the date of this news release, and no assurance can be given that
such events will occur in the disclosed timeframes or at all.
Except where required by applicable law, Midland disclaims any
intention or obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/20be16f4-7178-4b75-bd3b-ba97f347479a
https://www.globenewswire.com/NewsRoom/AttachmentNg/74c418e6-cae6-441c-877e-5eb90c2b4d67
https://www.globenewswire.com/NewsRoom/AttachmentNg/61872422-8883-4b82-a062-4abc5e6f0516
https://www.globenewswire.com/NewsRoom/AttachmentNg/935eefe7-1fc0-4ee8-b2a6-977022b55b8a
https://www.globenewswire.com/NewsRoom/AttachmentNg/72c819bb-a320-4da7-b120-baf10cc0611b
https://www.globenewswire.com/NewsRoom/AttachmentNg/f0f87555-ecee-4df8-9638-cf61940d7a72
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