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In the
Due to current delays experienced in assay laboratories, all assay results from these various exploration programs are expected to come in early December.
Highlights:
- Two (2) drill holes (1, 311 m) completed on Maritime-Cadillac
- Seven (7) drill holes (1,810 m) completed on Samson – Golden Delilah
- Geophysical and geochemical surveys conducted on La Peltrie and Gaudet-Fenelon
- Stripping completed on a new gold showing on Lewis
- Assay results expected in early December for all these programs
- Several drilling campaigns to come in the winter of 2021 with a minimum of 5,000 metres
Cadillac Break
The Maritime-
A drilling campaign consisting of two (2) drill holes totalling 1,311,0 metres was conducted this fall on the Maritime-Cadillac JV property in partnership with Agnico Eagle. The drilling program included one drill hole (121-20-41) totalling 879.0 metres and testing the down-plunge extension of the Dyke East zone at a vertical depth of 700 metres. The drill hole intersected the target over approximately 15 metres core length: an intermediate intrusion altered to biotite-carbonate-chlorite and containing up to 2% pyrite-pyrrhotite mineralization with trace arsenopyrite, from 761.5 to 776.5 metres depth.
The second hole in the program was drilled to a final depth of 432.0 metres and was designed to test two parallel gold-bearing zones associated to mafic volcanic rocks and ultramafic talc-chlorite carbonate schists contact (the South and North zones), identified in drill hole in a historically underexplored area south of the Maritime-Cadillac zone. Drill hole 121-20-40 intersected mafic volcanic rocks alternating with sediments locally altered to biotite and containing up to 2-3% pyrite-pyrrhotite mineralization over metre-scale intervals and both South and North volcanic rocks and ultramafic schists contact zones.
On the Samson project, wholly owned by Midland, a second drilling campaign was completed in early October. This campaign was designed to follow up on the new gold discovery, named Golden Delilah, made in the summer of 2020. This new discovery consists of a quartz-albite vein intersected over a core length of 1.60 metres, hosted in ultramafic intrusive rocks, which graded 99.1 g/t Au, 71.3 g/t Ag and 0.17% Pb over 0.40 metre from 106.45 to 106.85 metres (see press release by Midland dated
The drilling campaign conducted in early October included seven (7) drill holes totalling 1,810.0 metres. Three (3) drill holes tested the strike extensions of the Golden Delilah zone at a 50-metre spacing, whereas three (3) other drill holes tested the possible extensions of the Golden Delilah fault, respectively 500 metres west and 350 and 550 metres southeast of the gold showing. The remaining drill hole tested an induced polarization (IP) anomaly located approximately 850 metres southeast of Golden Delilah. A minimum of 2,000 metres drilling program is planned for the winter of 2021. This drilling program will test the lateral and depth extensions of the Golden Delilah gold-bearing structure.
The Casault project, currently optioned by Wallbridge, is located along the Sunday
The Gaudet-Fenelon project is a 50/50 joint venture between Midland and Probe. Geophysical surveys conducted in the summer of 2020 included a new OreVision IP survey totalling 42.5 kilometres and covering a structural domain similar to the Fenelon-Tabasco-Area 51 gold zone held by Wallbridge. Interpretation of the OreVision IP survey conducted in the summer of 2020 shows several high-chargeability axes, commonly combined with resistivity highs. High-priority gold targets are located in prospective areas characterized by a high degree of structural complexity. This complexity is mainly the result of a higher density of NW-SE, E-W and ENE-WSW-trending structures. In addition, a geochemical sampling program covering the IP grid is also underway. A drilling program is planned for the winter of 2021, to test the best targets combining geophysical and geochemical anomalies and structural complexities.
The La Peltrie project is wholly owned by Midland and is currently optioned by Probe. This project is located south of the Lower Detour Fault, approximately 25 kilometres southeast of Zone 58N. The entire northern part of the La Peltrie project covers a highly prospective area for gold mineralization associated with subsidiary faults similar to the Zone 58N deposit. A high-resolution magnetic survey and a geochemistry survey are currently underway to define high-priority targets that will be further tested with geophysical IP surveys and drilling next winter. Probe will incur a minimum of
Following a reassessment of the potential on the Jouvex property recently conducted by Midland, two main areas are now targeted for upcoming exploration campaigns. The first target area consists of a NW-SE-trending structure called the Casa Berardi North Fault, which can be traced over more than 10 kilometres on Jouvex and which locally marks the southern contact of the sedimentary Taïbi Group. The second target area corresponds to a regional structural lineament trending E-W, extending from the Casa Berardi mine over a distance of more than 65 kilometres. This lineament may be traced over a strike length of more than 15 kilometres in the north part of the Jouvex property and locally marks the northern contact of the Taïbi Group sediments. Midland is currently assessing the possibility of testing several new drilling targets that are favourably located near historical gold occurrences proximal to the E-W-trending lineament. These drilling targets mainly consist of induced polarization (IP) anomalies located along the direct extensions of historical gold showings.
During the month of October, mechanical stripping was conducted on the Lewis project on new gold showings discovered by prospecting in the summer of 2020 (see press release by Midland dated
Cautionary statements:
Grab samples are selective by nature and are unlikely to represent average grades of the mineralized zones.
The true thickness of reported drill intercepts cannot be determined with the information currently available.
Mineralization occurring at the mines and deposits listed above is not necessarily indicative of mineralization that may be found on properties held by Midland described in this press release.
About Midland
Midland targets the excellent mineral potential of
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For further information, please consult Midland’s website or contact:
Tel.: 450 420-5977
Fax: 450 420-5978
Email: info@midlandexploration.com
Website: www.midlandexploration.com
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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/1835ee01-544e-469d-bbb6-65296a8f3cf1
Source:
2020 GlobeNewswire, Inc., source