12:27:44 EDT Fri 09 May 2025
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Midland Exploration Inc
Symbol MD
Shares Issued 86,870,758
Close 2024-11-13 C$ 0.30
Market Cap C$ 26,061,227
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Midland resamples up to 0.75 g/t Au at Caniapisc

2024-11-14 14:46 ET - News Release

Mr. Gino Roger reports

MIDLAND IDENTIFIES GOLD POTENTIAL ON ITS CANIAPISC AU PROJECT, JAMES BAY

Midland Exploration Inc. has released the results of its first reconnaissance program for gold on its Caniapisc gold (Au) project in the Eeyou Istchee James Bay and Caniapisc Au regions. The Caniapisc Au project is wholly owned by Midland and consists of 94 claims covering an area of 47 square kilometres.

Highlights:

  • Resampling of three historical till samples with up to 41 pristine and 66 modified gold grains; and two additional follow-up till samples up-ice;
  • Fifteen samples with anomalous gold, ranging from 0.10 to 0.75 gram per tonne (g/t) Au, located near historical gold-bearing tills;
  • Historical gold anomalies remain unexplained in till samples with up to 41 pristine and 66 modified gold grains.

A three-day geological reconnaissance campaign was conducted this past summer on the Caniapisc Au project. The main objectives of the reconnaissance campaign were to validate the three historical till gold anomalies on the project and complete a first geological assessment of its gold potential. A survey comprising five till samples (10 kilograms each) was completed on the project, including three samples collected on historical tills, as well as two additional samples up-ice from the latter. Results for these till samples are pending.

Within a radius of a few hundred metres up-ice from the historical anomalous tills, prospecting work successfully identified boulder fields (with angular boulders locally) and outcrops. Out of a total of 55 grab samples collected during this campaign, 47 are proximal to the historical gold anomalous tills. Of these 47 samples, 15 yielded anomalous gold values ranging from 0.10 to 0.75 g/t Au, from a total of 31 samples with gold values above 0.02 g/t Au. The remaining samples, seven of which yielded results between 0.20 and 0.60 g/t Au, are located one to two kilometres further north. Mineralized host rocks are mainly sedimentary in origin, followed by mafic volcanic rocks and intrusives (with possible porphyritic textures locally). The mineralization mainly consists of pyrite associated with pervasive silica alteration.

An exploration program to be conducted in the following months on the Caniapisc Au project is currently in preparation.

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. Midland is proud to count on reputable partners such as Rio Tinto Exploration Canada Inc., BHP Canada Inc., Barrick Gold Corp., Wallbridge Mining Company Ltd., Probe Gold Inc., Agnico Eagle Mines Ltd., Electric Elements Mining Corp., 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 Midland's portfolio and generate shareholder value.

We seek Safe Harbor.

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