{"id":3593,"date":"2021-05-27T17:01:00","date_gmt":"2021-05-27T17:01:00","guid":{"rendered":"http:\/\/www.dev.midlandexploration.com.web3.sogetel.net\/2022\/04\/25\/midland-resumes-drilling-on-mythril-over-newly-identified-copper-gold-targets\/"},"modified":"2022-08-14T17:37:33","modified_gmt":"2022-08-14T21:37:33","slug":"midland-resumes-drilling-on-mythril-over-newly-identified-copper-gold-targets","status":"publish","type":"post","link":"https:\/\/midlandexploration.com\/en\/2021\/05\/27\/midland-resumes-drilling-on-mythril-over-newly-identified-copper-gold-targets\/","title":{"rendered":"Midland Resumes Drilling On Mythril Over Newly Identified Copper-Gold Targets"},"content":{"rendered":"\n

Montreal, May 27, 2021. Midland Exploration Inc. (” Midland<\/strong> “) ( TSX-V: MD<\/strong> ) is pleased to report that drilling will resume on its Mythril Cu-Mo-Au-Ag project, wholly owned by Midland and located in Eeyou Istchee James Bay, Quebec. In late 2018, Midland discovered Mythril by prospecting and concluded a strategic investment with BHP Billiton Canada Inc. (\u201c BHP<\/strong> \u201d) during the spring of 2019 totalling $5.85 million for copper exploration in Quebec. A minimum 2,000-metre campaign will test new targets generated by a new 3D Leapfrog Geo model and is starting early June 2021.<\/p>\n\n\n\n

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Mythril: A significant Cu-Mo-Au-Ag surface discovery in James Bay<\/strong><\/h4>\n\n\n\n


The Mythril copper-molybdenum-gold-silver (Cu-Mo-Au-Ag) zone consists of a series of mineralized subcropping boulder fields and Cu-Mo-Au-Ag showings occurring now over a distance of more than 3 kilometres. Located about 7 kilometres south of the Trans-Ta\u00efga road and hosted in Archean rocks of the Superior Province, a first nine days of prospecting in 2018 highlighted the discovery of 11 new surface Cu-Mo-Au-Ag and 2 molybdenum-only showings, yielding values such as 2.74% Cu, 0.44 g\/t Au, 0.06% Mo and 24.3 g\/t Ag over 2.7 meters<\/strong>in a channel on the Celeborn showing Fifty-seven (57) grab samples from mineralized outcrops along 2 km strike length returned an average of 2.03% Cu, 0.48 g\/t Au, 0.18% Mo and 18.3 g\/t Ag<\/strong> . One hundred and sixteen (116) mineralized boulders were found, yielding an average of1.92% Cu, 0.87 g\/t Au, 0.11% Mo and 20.7 g\/t Ag.<\/strong><\/p>\n\n\n\n

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Table 1: Summary of the best Cu-Au-Mo-Ag showings found in 2018<\/p>\n\n\n\n

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*Note that grab samples are selective by nature and values reported are not representative of mineralized zones. Results from grab samples were disclosed in the November 6, 2018 and October 16, 2018 press releases.<\/em><\/p>\n\n\n\n

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Table 2: Summary of the best boulders found in 2018<\/p>\n\n\n\n

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*Metal prices used to calculate CuEq.: Au $1,285\/oz, Cu $2.77\/lb, Ag $15\/oz, Mo $10.90\/lb. Metal recovery is assumed to be 100%.<\/em><\/p>\n\n\n\n

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Table 3: Summary of the best channel results from the Celeborn and Galadriel showings<\/p>\n\n\n\n

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**Note that the true thickness of mineralized intervals cannot be determined at this time with the information currently available.<\/em><\/p>\n\n\n\n

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A dipole-dipole induced polarization (IP) geophysical survey performed during the winter of 2019 indicated a large zone (more than 2 kilometres long by hundreds of metres wide) of anomalously high chargeability coupled with decreases of resistivity that is remarkably coincident with known Cu-Au-Mo-Ag mineralized showings and boulder fields, as well as Cu-Mo soil anomalies( see the press release published by Midland on February 28, 2019<\/em> ).<\/p>\n\n\n\n

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Several new mineralized boulder fields were found in 2019 by further prospecting, located several kilometres north and northeast of the previously known Mythril showings ( see press releases published by Midland on November 7, 2019 and September 5, 2019<\/em> ). A first occurrence of predominantly gold mineralization on Mythril was found in one of these boulder fields, to the northeast of the main trend. The gold-bearing boulders2.84 g\/t Au; 2.83 g\/t Au<\/strong> ;0.59 g\/t Au; grab samples) contain low copper<(<0.15% Cu) and molybdenum<(<0.01% Mo) values and consist of pyrite (up to 1%), magnetite and trace chalcopyrite in a biotite-altered granodiorite. These new 2019 boulder fields made it possible to observe a systematic increase of gold versus copper content to the east and north of the project. This type of multi-kilometre-scale variation is typical of large-scale hydrothermal systems. These new highly prospective areas were covered by an extensive IP geophysical survey in the winter of 2020 ( see the press release published by Midland on August 11, 2020<\/em> ).<\/p>\n\n\n\n

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Three diamond drilling campaigns were conducted in 2019 following the IP survey, which yielded grades up to 1.07% Cu, 0.37 g\/t Au and 8.87 g\/t Ag (1.41% eq. Cu*) over 12.55 meters<\/strong>intersected in drill hole MYT-19-06(see press release by Midland dated May 16, 2019).<\/em> The drilling phases successfully identified an anomalous Cu-Mo-Au-Ag halo on the project and permitted the creation of a 3D Leapfrog Geo model. The best drilling results are summarized below. Note that the true thickness of reported drill intervals cannot be determined with the information currently available.<\/em><\/p>\n\n\n\n

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