The Galinee project is currently wholly owned by Midland and is subject to an option agreement signed with RTEC in
Highlights:
Maiden
A
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. 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.
The Galinee 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.
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.
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.
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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.
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