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Midland Exploration begins drilling at Patris

2024-03-26 11:26 ET - News Release

Mr. Gino Roger reports

MIDLAND/BARRICK STARTS SONIC DRILLING PROGRAM ON ITS PATRIS GOLD PROPERTY

Midland Exploration Inc. has begun a Sonic drilling campaign on the Patris gold property, currently 100-per-cent-owned by Midland and located approximately 30 kilometres to the northeast from the city of Rouyn-Noranda in Quebec.

Sonic drilling

A sonic drilling campaign is currently under way with two drill and a total of 40 holes have already been completed. Over the next few weeks, 60 new holes will be completed in the eastern part of the Patris property in the Kewagama group. The work is scheduled to be completed in the first week of April. In total, 4,000 metres of sonic drilling are planned in 100 boreholes with a view to characterizing glacial dispersion trails in the till covered with lacustrine clays.

About the Patris property

The wholly owned Patris project comprises 299 claims covering a surface area of about 117 square kilometres, located less than 10 kilometres northwest of the prolific Doyon/Westwood-Bousquet-La Ronde gold mining camp. The Patris property offers excellent gold potential as it covers the Manneville fault over more than eight kilometres and the La Pause fault over more than 10 kilometres, both recognized as subsidiary faults to the well-known Destor-Porcupine fault zone. The Patris property also covers more than five kilometres of the fault contact between the sediments of the Kewagama group and the mafic and ultramafic volcanics of the Malartic group. Several historical gold showings are found near this contact such as the Gadoury showing which returned 6.3 grams per tonne Au (gold) over one metre and the McDermott showing which returned 8.6 grams per tonne Au over 1.2 metres.

A total of 4,000 metres of sonic drilling is planned in 115 drill holes to characterize geochemical dispersion trains in the glacial till overlain by lacustrine clays.

Option agreement

Pursuant to the transaction, Barrick has the right to acquire up to a 75-per-cent interest in the property in consideration for cash payments totalling $1,017,500 and exploration work totalling $16,575,000, over an eight-year period. Barrick is the operator of the work carried out under the transaction.

Cautionary statement

Mineralization occurring at the Doyon/Westwood-Bousquet-La Ronde gold mines is not necessarily indicative of mineralization that may be found on the Patris property held by Midland.

About Midland Exploration Inc.

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold and critical metals.

We seek Safe Harbor.

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