Midland and its partners complete several exploration programs on high-priority targets in the Abitibi region

26 November 2020

Montreal, November 26, 2020. Midland Exploration Inc. (“ Midland ”) ( TSX-V: MD ) is pleased to announce the completion of several exploration programs on its active projects in the Abitibi region. These gold projects are located in the Detour Lake belt (Sunday Lake and Lower Detour faults), in an area southwest of Chapais, and along the prolific Cadillac Break.

In the Detour Lake belt, several exploration programs were conducted this fall, with drilling on the Samson project, geophysical and geochemical surveys on the Gaudet-Fenelon and La Peltrie properties in partnership with Probe Metals Inc. (“ Probe ”), as well as compilation and targeting work on the Casault project, in partnership with Wallbridge Mining Company Ltd (“Wallbridge”). (“ Wallbridge ”). Drilling was also conducted with Agnico Eagle Mines Limited (“ Agnico Eagle ”) on the Maritime-Cadillac project, as well as mechanical stripping on the Lewis project located southwest of Chapais.

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-Cadillac a joint venture between (“ Agnico Eagle ”) (51%) , and Midland (49%), is located along the Cadillac Break in Abitibi, Quebec.

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 meters and testing the down-plunge extension of the Dyke East zone at a vertical depth of 700 meters 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.

Detour Lake belt

On the Samson 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. Last July, a new gold-bearing zone, named Golden Delilah, was discovered in drill hole SAM-20-10. 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 meters from 106.45 to 106.85 meters(see press release by Midland dated September 1, 2020).

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 currently optioned by Wallbridge, is located along the Sunday Lake Fault, approximately 40 kilometres east of the Detour Lake mine. In 2017, Midland discovered the Vortex zone, a major gold-bearing system associated with alkaline intrusions. Wallbridge is currently conducting a thorough property-scale compilation in an effort to define the next drilling targets that will be tested during a diamond drilling program planned for the late winter of 2021. Wallbridge will incur a minimum of $750,000 in exploration expenditures before June 30, 2021 (First year firm commitment).

The Gaudet-Fénélon project is a 50/50 joint venture between Midland and Probe. Geophysical surveys conducted during 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 $500,000 in exploration expenditures before July 31, 2021 (First year firm commitment).

Following a reassessment of the potential of 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.

Chapais area

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 October 15, 2020). These new showings, spaced approximately 400 metres apart, were discovered on surface in the northwest part of the Lewis project, approximately 8 kilometres northeast of the former Lac Shortt mine. The showings yielded several anomalous gold values in grab samples, ranging from 0.2 g/t Au to 2.1 g/t Au. The two showings, characterized by the presence of numerous quartz-carbonate veins with pyrite mineralization, may be part of the same ENE-trending corridor, which has never been drill-tested. During the winter of 2021, Midland will complete a geophysical (IP) survey covering this new discovery. A first diamond drilling program will also be conducted to test the best geophysical, geological and geochemical targets.

Cautionary statements

Grab samples are selective by nature and 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 projects held by Midland described 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, platinum group elements and base metals. Midland is proud to count on reputable partners such as BHP Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Gold Royalties Ltd, SOQUEM 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 Company portfolio and generate shareholder value.

This press release was prepared by Mario Masson. P.Geo., VP Exploration for Midland and Qualified Person as defined by NI 43-101, who 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. : 450 420-5977 : 450 420-5977
Fax : 450 420-5978 : 450 420-5978
E-mail : info@midlandexploration.com
Website : 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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Projets

Abitbi
Appalaches
Baie James
Greenville
Nunavik

Projects

Abitbi
Appalaches
James Bay
Greenville
Nunavik

MARIO MASSON, P. GEO.

V.P. Exploration

More than 30 years of experience in mineral exploration in Quebec.

Mario Masson holds a Bachelor’s degree in Geology from the Université de Montréal. Before joining Midland’s team, Mario worked several years has a geologist at Nipadex and Muscocho. In 1990, he started working for Noranda Exploration in Matagami has a Project Geologist and was a part of the team that found the Orchan West and Bell Allars deposits. He was also involved in the discovery of the Perseverance deposit in the Matagami Mining Camp in 2000. After this discovery, Mario and his team win the PDAC Bill Dennis Award in 2001. From 2002 to 2007, he was in charge of the exploration activities in the Noranda Mining Camp has a Senior Geologist for Noranda Inc – Falconbridge ltée – Xstrata Copper. In addition, he was also involved in the discovery of the West Ansil deposit in the Noranda Mining Camp in 2005, which allowed the Falconbridge ltée exploration team to win the Prospector of the Year award at the QMEA. Since January 2008, he is a part of Midland Exploration team as VP Exploration.

GINO ROGER, P.ENG.

President,CEO, Director

Gino Roger has been President and Chief Executive Officer of the Company since November 1, 2006. Mr. Roger has graduated as a geological engineer from Laval University in 1990. From May 1990 to October 2006, Mr. Roger was a Project Geologist, Senior Geologist and Regional Geologist for Xstrata, Falconbridge and Noranda. During those years he was actively involved in the generation, acquisition and negotiation of many significant projects and discovery of mineral deposits. He worked in Quebec, Ontario, B.C., Yukon and Sweden on a wide variety of projects involving gold, VMS, SEDEX, MVT, and IOCG ore deposits. Mr. Roger and his team received the AEMQ’s prestigious Prospector of the Year Award in 2005, for the discovery of the West Ansil deposit. He is a member of the Ordre des ingénieurs du Québec and of the Canadian Institute of Mining, Metallurgy and Petroleum. He is a director of the Quebec Mineral Exploration Association.

JEAN-PIERRE JANSON

Chairman of the Board

Jean-Pierre Janson joined Richardson GMP in January 2005 as Managing Director, National Wealth Management. As such, he oversees the development of branches nationwide, and seeks new opportunities to bring some of the industry’s Top Investment Advisors to the firm. In addition, Mr. Janson also serves on the Richardson GMP’s executive committee and in that capacity works closely with the Executive Management Team on the firm’s strategic direction.

Mr. Janson was previously Managing Director of CIBC Wood Gundy Financial Services (Eastern Canada Region) and held senior management positions with both Merrill Lynch Canada Inc. and Midland Walwyn Inc. Having built a reputation of trust and respect during more than 30 years in the financial services industry, Mr. Janson continues to demonstrate his involvement through Richardson GMP Limited. He also serves as trustee of BTB Real Estate Investment Trust and as member on the board of Tri-Origin Exploration Limited.

RENÉ BRANCHAUD

Secretary and Director

René Branchaud holds an LLB from Université Laval obtained in 1982. He has been a lawyer since 1983 and is a partner of the law firm Lavery, de Billy L.L.P. He has a vast experience as secretary and director of mining corporations.

INGRID MARTIN

Chief Financial Officer

Ingrid Martin holds a Bachelor in Business Management from the École des hautes études commerciales (HEC), in Montréal, Quebec. She is a member of the Order of Chartered professional accountants of Quebec since 1990 and possesses a vast experience as consultant for public companies. She acts, also, as Chief Financial Officer of Vior Inc. Mrs. Martin is devoting 40% of her time to Midland Exploration.

PAUL ARCHER

Director

Paul Archer has a Bachelor’s degree in Geological Engineering and a Master’s degree in Earth Science. He has more than 35 years of experience in the mining industry, particularly in exploration for gold and base metals in Archean terrains. He developed his expertise working with various companies, including Shell Minerals, Noranda Exploration, Northgate Explorations, Westminer Canada and SOQUEM, where he was Regional Manager for Northern Quebec. On May 1, 1996, Mr. Archer joined Virginia Mines as Vice-President of Exploration and Acquisitions and Director. Mr. Archer was actively involved in the discovery and development of the Eleonore project, from the preliminary field campaign through to the sale of the deposit to Goldcorp. In November 2014, he joined Osisko’s management team following the Osisko/Virginia merger. He was elected President of the Quebec Prospectors Association in 1996 and 1997. Over the years, Mr. Archer has received, on behalf of Virginia, several prestigious prizes, including the Bill Dennis Award from the PDAC in 2006 for the discovery of the Eleonore deposit.

ANNIE DUTIL

Director

Annie Dutil is a member of the Quebec CPA Order and is Nomad’s corporate controller. Ms. Dutil brings over 15 years of extensive mining knowledge, specifically in the areas of public accounting, compliance with financial information obligations and regulatory matters. Prior to joining Nomad, Ms. Dutil has held a number of positions at PwC, including a role as director where she has led the Capital Markets and Accounting Advisory Services group in Montréal. In her current and previous roles, she has assisted several companies in their capital markets activities, including initial public offerings, financings, cross-border transactions and complex accounting and regulatory matters. Ms. Dutil is the co-founder of the Montreal chapter of Women in Mining and is involved in many community and philanthropic activities, currently serving as a member of the Board of Directors of Factry, the School of the Creative Sciences, and Théâtre de la Banquette Arrière.

Jean des Rivières

Director

Mr. Jean des Rivières holds a Bachelor of Science degree in Geology from Université du Québec à Montréal and a Master’s degree of Science in Geology from École Polytechnique de Montréal affiliated to the University of Montreal. He has over 35 years of diversified experience in the exploration and mining industries while working in more than 50 countries touching base and precious metals. He most recently held the position of global Vice President Metals Exploration at BHP and previously held managerial and technical positions at Rio Algom, BHP, and Noranda. With BHP, Mr des Rivières chaired the Inclusion and Diversity committee of the Americas. After a successful career, he recently joined the board of directors of First Majestic Silver Corp., Montero Mining and Exploration Ltd., and Midland Exploration Inc.

JEAN-FRANÇOIS LARIVIÈRE, P.GEO.

Project geologist

More than 20 years of experience in mineral exploration in Quebec.

Project geologist for Midland Exploration, Jean-François holds a PhD from Université du Québec à Chicoutimi in Mineral resources, specialist in zinc-bearing mineralization with an expertise in metallogeny of metalliferous deposits.

RICHARD ST-CYR, P. GEO.

Project geologist

More than 30 years of experience in mineral exploration in Quebec, British Colombia and Dominican Republic.

Project Geologist for Midland Exploration since 2012, Richard holds a Bachelor degree in Resources Geology from Université du Québec à Montréal. Before joining Midland’s team, he was a Project Geologist for Services Technominex – Aurizon Mines, Sirios and Unigold on several gold exploration projects. Between 1997 and 2006, he worked has a Project Geologist (5 years) and Technical Director (4 years) for the Nunavik Mineral Exploration Fund. At the beginning of his career, Richard worked as a Prospector for SOQUEM, Virginia Gold / Barrick Gold on gold projects in James Bay and Northern Quebec. He was also involved in the exploration of the Eskay Creek discovery in British Colombia.

LOUIS-PHILIPPE RICHARD, P.GEO.

Project geologist

More than 10 years of experience in mineral exploration in Quebec.

Project geologist for Midland Exploration, Louis-Philippe holds a Bachelor’s degree in Geology from Université Laval. Prior to joining the team, he worked 4 years for Nemaska Exploration / Monarch Resources / Nemaska Lithium in the Nemiscau area where he managed and participated exploration campaigns for lithium, gold and base metals. He also participated in the development of the Whabouchi lithium project.

Romain Deflin, P.Geo.

Project Geologist

Project Geologist for Midland Exploration, Romain Deflin holds a degree in geological engineering from l’ENSG (École National Supérieure de Géologie in Nancy) and a master degree in Mineral Resource Exploration from Université de Lorraine. He completed a 4 months internship with Midland before joining the team permanently in 2019.

Philippe Allard, Geo. M.Sc.

Project geologist

More than 20 years of experience in mineral exploration in Québec, Canadian Arctic, and Dominican Republic.

Project Geologist for Midland Exploration since May 2019, Philippe holds a Bachelor degree in Geology and a master in Earth Sciences from UQAM (Université du Québec à Montréal). Before joining Midland’s team, Philippe worked as an Exploration Geologist for Goldcorp, Ressources Sirios, Unigold and the Nunavik Mineral Exploration Fund (NMEF). At the beginning of his career, he also worked as an assistant geologist and a geologist for Virginia Gold Mines, Cambiex, Miramar Mining, Noranda Exploration, SOQUEM and Services Miniers du Nord on gold and base metals projects, mainly in James Bay. Moreover, he was at the origin of the discovery by prospection of the Cheechoo deposit in James Bay in 2010.

SYLVAIN TRÉPANIER, P.GEO.

Geologist Consultant

More than 20 years of experience in mineral exploration and research in Quebec.

Sylvain Trépanier holds a Bachelor’s degree in Geology, a Master’s degree in Earth Science and a Bachelor’s degree in Computer Science and Software Engineering from Université du Québec à Montréal. Sylvain began his career for Noranda in 1995 and worked on various projects in Quebec until 2001. From 2004 to 2012, he worked has a research geologist at CONSOREM. During his years working at CONSOREM, he has carried out numerous research projects applied to mineral exploration and has developed expertise recognized in Quebec in various fields related to exploration: lake-bottom, streams and tills sediments geochemistry, alterations lithogeochemistry, statistical data processing and potential mineral evaluation by artificial intelligence. He is the author of several scientific articles, research reports and public presentations. He designed and developed the Lithomodeleur software for geochemistry treatment, which is now widely used in Quebec by exploration companies, governments and universities. From 2012 to 2016, he worked for Virginia Mines and Osisko Gold Royalties as a Senior Research Geologist and was involved in most of the company’s projects in James Bay and the Labrador Trough. He is co-recipient of the QMEA Jean-Descarreaux Award in 2011 with the CONSOREM team. Mr. Trépanier joined Midland in November 2016 as a VP Exploration James-Bay/Northern Quebec.