Midland Provides an Overview of Its 2024 Exploration Activities with Its Partners and Also Follow-Up on Its New Discoveries
Bousquet-La Ronde gold mining camp, and covers the Manneville Fault over more than 8 kilometres and the La Pause Fault over more than 10 kilometres, both recognized as subsidiary faults to the well- known Destor-Porcupine Fault Zone. A VTEM helicopter-borne electromagnetic survey completed in 2023 is used to map overburden thicknesses and its variations in preparation for an upcoming till drilling campaign. A total of 4000 metres of Sonic drilling is planned in 115 drill holes to characterize geochemical dispersion trains in the glacial till overlain by lacustrine clays. La Peltrie Project 100% Midland, in an option agreement with Probe: The La Peltrie project is located 15 kilometres southeast of Agnico Eagle's Zone 58N gold deposit and approximately 25 kilometres west of the former Selbaie mine. The 2022 new copper-gold-silver-molybdenum ("Cu-Au-Ag-Mo") mineralization intersected in drill hole LAP-22-012 was extended and returned 0.13% Cu (0.20% CuEq) over 513.50 metres, core length . Another drill hole, LAP-23-18, approximately 150 metres east of the drill hole LAP-22-12, intersected a Cu-Au-Mo-Ag mineralized interval grading 0.11% Cu (0.15% CuEq) over 363.00 metres, including a high-grade zone with grades of 1.18% Cu (1.33% CuEq) over 9.50 metres. A follow-up drilling campaign aiming for higher grades is currently in planning for 2024. Casault Project 100% Midland, in an option agreement with Wallbridge: In 2023, Wallbridge completed a high-resolution magnetic survey on select areas over the western portion of the property, as well as a till sampling program (Sonic drilling) in the eastern part of the property. The final interpretations of the programs are in progress, but anomalous gold grain counts were identified along the northern contact of the Sunday Lake deformation corridor, and also included the presence of pristine gold grains. Exploration targets are being generated for future drill testing. Additionally, several quality drill targets remain to be tested on the entire Casault property, several of which are located in the area surrounding the Vortex showing discovered in 2017, which is open at depth, and along a NW- SE structure that returned 6.85 g/t Au over 2.0 metres in hole CAS-21-123. Lewis Project 100% Midland: The Lewis project is located approximately 60 kilometres southwest of the town of Chapais, in the Eeyou Istchee James Bay region. Exploration work by Midland, since 2020, identified two (2) new gold showings named Red Giant and Golden Nest which returned respectively 0.35 g/t Au over 9.0 metres and 0.65 g/t over 6.0 metres in channel sampling.