Business
Midland Commences an Induced Polarization Geophysical Survey on Its Caniapisc Au Project
MONTREAL, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Midland Exploration Inc. ( “ Midland ”...
About this update from Midland Exploration Inc.
[{"type":"text","content":"Midland Commences an Induced Polarization Geophysical Survey on Its Caniapisc Au Project \nMONTREAL, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the start of an induced polarization ground (“IP’) geophysical survey on its Caniapisc Au project, in the Eeyou Istchee James Bay and Caniapiscau regions. The Caniapisc Au project is wholly owned by Midland and consists of 315 exclusive exploration rights (“EER”) covering an area of 159 square kilometres. Highlights: The 2025 exploration programs successfully identified several gold-bearing boulders, with a maximum value of 24.5 g/t Au on a selected boulder grab sample (see press release by Midland dated October 28, 2025);Start of a 24 line-kilometre ground IP geophysical survey covering part of the southern part of the project where several mineralized boulders were identified in 2025. The 24 line-kilometre IP geophysical survey will cover the lake north of the gold-in-till anomalies (see press release by Midland dated May 20, 2025) in the southern part of the project, and extend northward to cover gold-bearing mineralized boulders identified in 2025 (see press releases by Midland dated September 9 and October 28, 2025). The objectives of this first IP survey by Midland are to generate exploration targets and gather bedrock information for the upcoming summer exploration program. The upcoming programs in preparation include a follow-up prospecting and geological mapping program, a soil sampling program to complete the coverage of the project, and an airborne LiDAR survey. Summer mechanical trenching is also currently being evaluated. Caniapisc Au Project The Caniapisc Au project lies south of the Caniapiscau Reservoir and is geologically located within the Ashuanipi Subprovince, a lesser-known and explored portion of the Archean Superior Province. The project is more specifically located in the Raynouard Complex, characterized by a 50 kilometre-long volcanosedimentary belt comprising bimodal volcanic sequences, metasedimentary rocks and iron formations. Historical exploration work, to the south of the Caniapisc Au project, highlights the potential of the Raynouard Complex with the presence of volcanogenic Cu-Zn-Ag-Au and porphyry Cu-Au-Ag-Mo mineralization. The Caniapisc Au project i...