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Midland Exploration and Probe Gold Intersect up to 1.33 % Copper Eq. Over 9.5 Metres and Expand the Cu-Au-Ag-Mo Mineralized System on La Peltrie
MONTREAL, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the results of the drilling campaign complet
About this update from Midland Exploration Inc.
[{"type":"text","content":" MONTREAL, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the results of the drilling campaign completed in the summer of 2023 in the vicinity of the large copper-gold-silver-molybdenum (“Cu-Au-Ag-Mo”) discovery made in 2022 on the La Peltrie Option (the “Property”). This significant mineralized system is located 15 kilometres southeast of Agnico Eagle’s Zone 58N gold deposit and approximately 25 kilometres west of the former Selbaie mine, which produced 56.9 Mt grading 0.87% Cu, 1.85% Zn, 39 g/t Ag, and 0.55 g/t Au (historical production). The Property is currently subject to an option agreement and is explored in partnership with Probe Gold Inc. (“Probe”) since July 2020 (see press release by Midland dated July 9, 2020). Highlights: Expansion of the mineralized zone intersected in discovery hole LAP-22-12 with a total interval of 0.20% CuEq* over 513.5 metres; Higher-grade intervals within the mineralized envelope graded up to 1.33% CuEq* over 9.5 metres and 0.56% CuEq* over 13.2 metres; Indicates potential for a highly prospective and extensive mineralized system that remains open at depth with a possible trend interpreted to the west of discovery hole LAP-22-12. This drilling program was completed in September 2023 and consisted of eight (8) drill holes totalling 2,700 metres, including five (5) drill holes totalling 1,713.0 metres in the immediate vicinity of the Cu-Au-Mo-Ag discovery that graded 0.2% CuEq* over 345.5 metres (see press release by Midland dated December 6, 2022). During this program, drill hole LAP-22-12EXT, totalling 168.0 metres, extended the mineralized zone in the discovery hole by returning a total interval grading 0.20% CuEq* over 513.5 metres (core length). Drill hole LAP-23-18, drilled to the north approximately 150 metres east of drill hole LAP-22-12, intersected a wide Cu-Au-Mo-Ag mineralized interval grading 0.15% CuEq* over 363.0 metres, including a high-grade zone with grades of 1.33% CuEq*over 9.5 metres. Drill hole LAP-23-20, drilled to the south approximately 50 metres east of drill hole LAP-23-18, yielded a wide interval grading 0.12% CuEq* over 400.2 metres, including an interval grading 0.56% CuEq*over 13.2 metres. Hole LAP-23-21, drilled to the south approximately 250 meters northeast of hole LAP-23-18, returned an inter...