Midland identifies numerous targets on its gold projects in the Abitibi Belt

12 August 2022

Montreal, September 18, 2019. Midland Exploration Inc. (“Midland”) (TSX-V: MD)is pleased to report that several new prime exploration targets have been identified on its gold projects in the Abitibi Belt, namely in the Detour Lake belt in northern Abitibi (Sunday Lake, Lower Detour and B26 fault zones), in the Lebel-sur-Quevillon area, and on its properties located near the prolific Cadillac and Destor-Porcupine fault zones in southern Abitibi.

In addition, Midland would like to announce it is actively seeking new partnerships for many of its projects in order to launch new exploration campaigns as early as the fall of 2019.

Highlights:

  • Midland identifies several new drilling targets on its Casault JV, La Peltrie and Samson projects and controls more than 40 kilometres of favourable stratigraphy near the Sunday Lake and Lower Detour faults, with excellent potential for subsidiary faults similar to Detour Gold’s Zone 58N*. Targets include four (4) IP anomalies located in the extension of the Vortex Zone on Casault, three (3) IP anomalies on La Peltrie and four (4) new ground TDEM conductors on Samson.
  • Midland identifies several new drilling targets and controls more than 30 kilometres of favourable stratigraphy along the extensions of the B26* polymetallic deposit held by SOQUEM, with several new drill-ready conductors on its Adam project. These targets consist in five (5) untested VTEM/TDEM conductors.
  • Midland identifies new targets on its Maritime-Cadillac JV project and a new as-yet-untested favourable area near the contact between the Cadillac Fault and Timiskaming conglomerates on the Heva project northwest of the Canadian Malartic* mine consisting in six (6) drillings targets along the Dyke East, Dyke West and Maritime-Contact.
  • Midland controls more than 8 and 10 kilometres along the Destor-Porcupine and La Pause faults respectively on its Patris project and has identified extensive hydrothermal alteration zones with anomalous gold.
  • Midland identifies new drilling targets on the Laflamme JV project west of Lebel-sur-Quevillon consisting in new Gradient IP anomalies near the new Longshot gold showing.
  • Midland is actively seeking new partnerships in order to resume exploration and test its numerous gold targets along major gold-bearing fault zones in the Abitibi.

Detour Lake Belt

In the Detour Lake belt, Midland controls more than 40 kilometres of favourable stratigraphy near the Sunday Lake and Lower Detour faults and along the extensions of the B26* deposit. This extensive area includes the Casault JV, La Peltrie, Adam, and Samson gold properties, where several new drilling targets have been identified. Those targets include four (4) IP anomalies located in the extension of the Vortex Zone on Casault, three (3) IP anomalies on La Peltrie and four (4) new ground EM conductors on Samson as well as five (5) untested VTEM/TDEM conductors located just north of the Brouillan-Enjalran regional contact.

The Casault JV project is currently a 50/50 joint venture with SOQUEM Inc. It is located along the Sunday Lake Fault, approximately 40 kilometres east of the Detour Lake* mine. In 2017, Midland and SOQUEM discovered the Vortex zone, a significant gold-bearing system associated with alkaline intrusions. Midland is currently planning a new drilling campaign to test the eastward extension of the Vortex zone along a subsidiary of the Sunday Lake Fault, where the fault comes in contact with Timiskaming-type conglomerates and mafic volcanic rocks.

Vortex 450 zone (best results)

  • 1.38 g/t Au over 26.5 m, incl. 7.87 g/t Au over 2.2 m, incl. 14.55 g/t Au over 0.8 m (CAS-17-96)
  • 1.30 g/t Au over 23.5 m, incl. 3.46 g/t Au over 6.0 m, incl. 23.6 g/t Au over 0.5 m (CAS-17-95)
  • CAS-17-95 Section 628 300E AZM: N180 o DIP -50o
  • CAS-17-96 Section 628 500E AZM: N180 o DIP -50o

The La Peltrie project is wholly owned by Midland. It is located south of the Lower Detour Fault, approximately 25 kilometres southeast of the Zone 58N deposit. The entire north part of the La Peltrie project covers a high-potential area for gold occurrences associated with subsidiary faults, similar to Zone 58N. In addition, the west part of the La Peltrie project hosts a gold-bearing massive sulphide (VMS) zone now considered as having Bousquet-La Ronde-type potential.

On the Adam property, new electromagnetic (VTEM and TDEM) targets were identified in felsic rocks of the Brouillan Group, near the regional contact zone with the Enjalran Group. These new targets have never been drill-tested and sit at the same stratigraphic level as the B26 deposit, located approximately 15 kilometres further west, about 20 kilometres east of the former Selbaie* mine. In addition, this property, wholly owned by Midland, has excellent gold potential as it is located less than 8 kilometres due east of the B14 deposit, where historic drill results reaching 13.0 g/t Au over 8.75 metres are reported.

Further east, the Samson property, wholly owned by Midland, covers the intersection between two major faults: Lower Detour and Sunday Lake, less than 15 kilometres southeast of the Fenelon deposit held by Wallbridge, where new high-grade drill intercepts reaching 144.8 g/t Au over 6.1 metres; 137.6 g/t Au over 4.85 metres; 54.5 g/t Au over 7.8 metres; and 122.4 g/t Au over 2.95 metres are reported. Midland controls more than 10 kilometres alongside these fault zones, with excellent potential for subsidiary faults similar to Zone 58N. Recent helicopter-borne magnetic and electromagnetic surveys have identified new drilling targets characterized by structural complexities affecting structures interpreted as subsidiaries to the Lower Detour Fault.

Cadillac Fault

Midland recently completed a 3D model in Leapfrog to generate new targets on the Maritime-Cadillac JV project, currently in joint venture with Agnico Eagle, just east of the former Lapa mine. This modelling effort led to the generation of six (6) new drilling targets, located along the Dyke East, Dyke West, and Contact Maritime favourable horizons.

The Heva gold project is wholly owned by Midland. It is located approximately 5 kilometres northwest of the Canadian Malartic* open pit mine, which is currently jointly operated by Agnico Eagle and Yamana. This project covers conglomerates and wackes of the lower Timiskaming Group near the contact with the Piche Group and the Cadillac Fault located in the south part of the property. In recent years, Midland has conducted a few prospecting campaigns, soil geochemistry surveys and diamond drilling, mainly focussing on an area where new high-grade gold occurrences graded up to 41.0 g/t Au and 38.5 g/t Au in grab samples and up to 24.1 g/t Au over 0.5 metre in channel sample. Upcoming efforts will focus on testing the southern contact of the Timiskaming conglomerates, near the contact with the Piche Group and the Cadillac Fault. This area with strong gold potential is poorly exposed on surface, has never been covered by induced polarization surveys and has never been drill-tested.

Destor-Porcupine Fault

The Patris property offers excellent gold potential as it covers the Manneville Fault over more than 8 kilometres, as well as the La Pause Fault over more than 10 kilometres. Both faults are known subsidiary branches of the famous Destor-Porcupine Fault. The geological setting on the Patris property is similar to that of the Malartic mining camp and the South Barnat deposit on the Canadian Malartic property, jointly held by Agnico Eagle Mines Limited and Yamana Gold Inc., i.e., a faulted juxtaposition of clastic metasedimentary rocks and ultramafic units intruded by a porphyry dyke swarm. In 2015, drill hole PAT-15-05 intersected a wide alteration zone with anomalous gold values containing pyrite, chalcopyrite, galena and molybdenite, hosted in syenitic and ultramafic rocks with strong fuchsite, quartz and carbonate alteration along the Destor-Porcupine Fault.

Lebel-sur-Quevillon area

On the Laflamme JV project, in joint venture with Abcourt Mines, new drilling targets were identified following a Gradient IP survey covering the diorite that hosts the Longshot showing discovered in the winter of 2019, which graded up to 0.25 g/t Au over 10.0 metres, including 2.19 g/t Au over 0.70 metre. Midland is currently planning a new drilling program to test these new gold targets.

*Mines and deposits located near Midland projects

Detour Lake mine: The Detour Lake mine hosts near-surface mineral reserves totalling 14.94 million ounces of gold, consisting in 94.2 million tonnes in proven reserves grading 1.25 g/t Au for 3.79 million ounces of gold (“Moz Au”) and 364.6 million tonnes in probable reserves grading 0.95 g/t Au for 11.15 Moz Au.

Canadian Malartic mine: This open pit mine hosts 51.12 million tonnes in proven reserves at a grade of 0.95 g/t Au (1.57 Moz Au) and 152.55 million tonnes in probable reserves at a grade of 1.13 g/t Au (5.53 Moz Au), for a total of 7.1 Moz Au.

Selbaie mine: Historical production at the former Selbaie mine totals 56.5 million tonnes grading 1.9% Zn, 0.9% Cu, 38.0 g/t Ag and 0.6 g/t Au.

Zone 58N: This deposit hosts 2.87 million tonnes in indicated resources at a grade of 5.8 g/t Au (534,300 oz Au) and 0.97 million tonnes in inferred resources at a grade of 4.35 g/t Au (136,100 oz Au).

Martiniere & Bug Lake: This deposit hosts 6,827,000 in indicated resources (open pit) at a grade of 1.96 g/t Au ( 431,000 oz Au) and 1,092,000 tonnes in indicated resources (underground) at a grade of 4.54 g/t Au (159,000 oz Au).

B26 deposit: The B26 deposit hosts indicated resources of 6.97 million tonnes grading 1.32% Cu, 1.80% Zn, 0.60 g/t Au and 43.0 g/t Ag, and inferred resources totalling 4.41 million tonnes grading 2.03% Cu, 0.22% Zn, 1.07 g/t Au and 9.0 g/t Ag.

Osborne-Bell deposit: Mineral resources defined by Osisko comprise 2,587,000 tonnes at a grade of 6.13 g/t Au (510,000 ounces) in the inferred mineral resource category.

Fayolle deposit: The new estimate shows a pit-constrained indicated resource of 405,600 tonnes at an average grade of 5.42 grams per tonne gold for a total of 70,630 ounces of gold, and an underground indicated resource of 300,800 tonnes at an average grade of 4.17 g/t Au for a total of 40,380 ounces.

Cautionary Statements:

The true thickness of reported drill intervals cannot be determined with the information currently available.

Mineralization occurring at the mines and deposits listed above is not necessarily representative of mineralization that may be found on projects held by Midland described herein.

Quality Control

All analyses were performed by ALS Minerals in Val-d’Or, Quebec. All samples were analyzed for gold by fire assay with an atomic absorption (AA) finish on a 30-gram fraction with a gravimetric finish reanalysis for values above 3.0 g/t Au. For quality control purposes, certified standards and blanks were inserted into each shipment at regular intervals throughout the sample run. The data was reviewed by Mario Masson, P.Geo. and Vice President for Midland and a Qualified Person as defined by NI 43-101.

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 Billiton Canada Inc., Agnico Eagle Mines Limited, Osisko Mining Inc., 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 a 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 : www.explorationmidland.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.