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Midland Announces the Acquisition of the Kan Gold Project in the Labrador Trough
MONTREAL, April 22, 2025 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (...
About this update from Midland Exploration Inc.
[{"type":"text","content":"Midland Announces the Acquisition of the Kan Gold Project in the Labrador Trough\n\n\n\n MONTREAL, April 22, 2025 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the acquisition of 100% interest in the Kan gold project from a private company (Ressources Tectonic). The Kan project is located in the Labrador Trough, some 85 kilometres southwest of Kuujjuaq and comprises 261 mining claims covering 121 km\n \n 2\n \n (approximately 35 kilometres by 3.5 kilometres).\n \n\n\n Highlights:\n \n\n\n\n\n Numerous known gold occurrences on the project grading up to 9.8 g/t Au over 13.2 metres (channel sample; Ferricrete showing), 8.71 g/t Au over 7.0 metres (channel sample; Pump Pad Ridge showing), and 5.24 g/t Au over 17.0 metres (channel sample; Winchester showing).\n \n\n\n\n Gold occurrences hosted in silicate-carbonate-facies iron formation exhibit many similarities to the world-class Homestake gold deposit.\n \n\n\n\n The silicate-carbonate-facies iron formation that hosts gold mineralization is traced over 30 kilometres strike length on the project.\n \n\n\n\n The extensions of several gold-bearing zones defined by drilling or channel sampling remain open.\n \n\n\n\n Strong, underexplored potential for gold in black shales and gabbro-diorite sills.\n \n\n\n\n\n The project hosts several historical high-grade gold occurrences. These gold showings are found in a regionally extensive silicate-carbonate-facies iron formation that is traced over more than 30 kilometres strike length on the project. The gold showings and the silicate-carbonate-facies iron formation that hosts gold mineralization exhibit strong similarities to the world-class Homestake gold deposit. Numerous gold exploration targets remain untested on the project, including the open extensions of known gold zones defined by drilling or channel sampling. The project also shows strong potential for gold mineralization in black shales and gabbro-diorite sills. Including the Willbob gold project, Midland now controls 340 square kilometers of favorable terrain for gold, representing 90 kilometers long.\n \n\n\n Gold potential in silicate- and carbonate-facies iron formation on the Kan project\n \n\n\n Gold occurrences on the Kan project are found within a silicate- and carbonate-facies iron forma...