The Prospector News

Midland Reports a New Gold-Bearing Zone Identified in Cadillac Sediments on Maritime-Cadillac

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

 

 

 

 

 

Midland Exploration Inc.  (TSX-V: MD) is pleased to report that a new gold-bearing zone was identified during the drilling campaign completed last September on its Maritime-Cadillac project. The Maritime-Cadillac property is a joint venture between Agnico Eagle Mines Limited  (51%) and Midland (49%) and is located along the Cadillac Break.

 

During this program, two drill holes totalling 1,311.0 metres were completed during the month of September 2020. Drill hole 141-20-41, totalling 879.0 metres and mainly designed to test the down-plunge extension of the Dyke East zone, intersected, near the end of the drill hole, a new gold-bearing zone associated with quartz veins and chlorite-biotite alteration in sediments of the Cadillac Group.

 

This new gold zone yielded an interval grading 9.69 g/t Au over 1.0 metre from 847.3 to 848.3 metres. The Dyke East zone was also intersected, with an interval grading 0.33 g/t Au over 15.3 metres from 761.4 to 776.7 metres, including 1.44 g/t Au over 1.0 metre from 774.5 to 775.5 metres. In addition, a few gold values above 1 g/t Au were also intersected higher up in the drill hole.

 

Table 1: Best results from drill hole 141-20-41

 

Drillhole From (m) To (m) Au g/t  Width (m) Zone 
141-20-41 223.5 225 1.29 1.5 Piche Gr.
  257.2 258.5 3.21 1.3 Piche Gr.
  709.5 710.3 3.43 0.8 Piche Gr.
  761.4 776.7 0.33 15.3 Dyke East
Including 774.5 775.5 1.44 1.0  
  847.3 848.3 9.69 1.0 Cadillac Gr. Seds

 

The other drill hole (141-20-40) completed during this campaign totalled 432.0 metres and was drilled to test two parallel gold-bearing zones (the South and North zones). No significant results were intercepted.

 

Agnico Eagle and Midland are reviewing results to evaluate the possibility of conducting further drilling to test this new gold-bearing zone identified in Cadillac sediments in drill hole 141-20-41.

 

Cautionary statement

 

The true thickness of reported intervals cannot be determined with the information currently available; intervals are thus reported in core length.

 

Quality Control

 

The exploration program on the Maritime-Cadillac project is conducted by Agnico Eagle and the data are reviewed by Mario Masson, VP Exploration for Midland and Qualified Person as defined by National Instrument 43-101. Assay samples are taken from NQ-size drill core sawn in half; one half is shipped to a commercial laboratory and the other half is kept for future reference. Assays were conducted by ALS Minerals in Val-d’Or. Quality control samples, standards and blanks, were inserted in the sample stream for mineralized zones.

 

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 Agnico Eagle, BHP Billiton Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, 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, VP Exploration for Midland, certified geologist and Qualified Person as defined by NI 43-101. For further information, please consult Midland’s website or contact:

 

Photos accompanying this announcement are available at:

 

https://www.globenewswire.com/NewsRoom/AttachmentNg/e85c4f65-e6d7-4634-b655-485db6aa4190

 

https://www.globenewswire.com/NewsRoom/AttachmentNg/b735b06c-b58c-4f23-ba20-5c4cd9673040

 

https://www.globenewswire.com/NewsRoom/AttachmentNg/70ce612c-af80-4c55-8f45-71f9bc815b0d

 

https://www.globenewswire.com/NewsRoom/AttachmentNg/21e29274-ea0a-4246-8142-d58800c6a5df

 

https://www.globenewswire.com/NewsRoom/AttachmentNg/0d8048ca-c15a-44c3-a9de-28e4432ac52d

 

https://www.globenewswire.com/NewsRoom/AttachmentNg/24f5b881-4dee-4b9d-97ba-0face7d8b0fe

 

https://www.globenewswire.com/NewsRoom/AttachmentNg/98d21aa3-5c55-4bf1-b854-65ded7dbb601

 

Posted January 27, 2021

Share this news article

MORE or "UNCATEGORIZED"


Solaris Reports 800m of 0.83% CuEq From Surface including 370m of 0.94% CuEq; Continued Expansion of Warintza Central

Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) is pleased to re... READ MORE

April 19, 2021

Mining to Date of the San Albino Vein Yields 7,734 Ounces Gold at a Diluted Grade of 17.45 g/t Gold and Positively Reconciles to the MDA Resource Estimate

Mako Mining Corp. (TSX-V: MKO) (OTCQX: MAKOF) is pleased to repo... READ MORE

April 19, 2021

Labrador Gold Closes $9.8 Million Flow-Through Financing Backed by Eric Sprott and New Found Gold to Accelerate Exploration at Kingsway

Labrador Gold Corp. (TSX.V:LAB) (OTCQX:NKOSF) (FNR: 2N6) is pleas... READ MORE

April 19, 2021

McEwen Mining: Q1 2021 Production Results

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports consolidated p... READ MORE

April 19, 2021

IMC International Mining Corp. Announces Closing of First Tranche of Private Placement

IMC International Mining Corp. (CSE:IMCX) (OTCQB:IMIMF) (FRA:3MX)... READ MORE

April 19, 2021

Copyright 2021 The Prospector News