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Midland Exploration and Rio Tinto Resume Drilling Along the Extensions of the Santos Nickel-Copper Zone, Tête Nord Project
MONTREAL, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report that following the approval of permits, drilli
About this update from Midland Exploration Inc.
[{"type":"text","content":" MONTREAL, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report that following the approval of permits, drilling has resumed along the extensions of the new Santos nickel-copper (“Ni-Cu”) discovery located on the Tête Nord property. This property is currently wholly owned by Midland but is subject to an option agreement with Rio Tinto Exploration Canada Inc. (“RTEC”) since December 2021 and is located near the town of La Tuque, Quebec (see press release by Midland dated December 2, 2021). This new drilling program targeting the Santos zone consists of four (4) drill holes totalling 1,150 metres and is mainly designed to test new conductors identified at depth on the Santos zone following downhole and ground-based electromagnetic surveys. The Santos Ni-Cu zone was discovered in early 2023 following the drill testing of an electromagnetic VTEM anomaly. The discovery hole (MDLD0015) intersected, from 14 metres to 80 metres downhole depth, several layers with Ni-Cu mineralization within altered gabbro horizons. From 20.11 to 22.79 metres, the drill hole intersected 1.10% Ni and 0.71% Cu over 2.68 metres. Further down, from 33.02 to 43.39 metres, a mineralized interval graded 0.45% Ni and 0.18% Cu over 10.37 metres (see press release by Midland dated April 27, 2023). A second shallow hole was drilled in July 2023 on the Santos zone, approximately 50 metres west of the discovery hole. After going through 11.66 metres of overburden, drill hole MDLD0018 intersected a mineralized zone grading 0.33% Ni and 0.12% Cu over 39.73 metres, from 11.66 to 51.39 metres downhole depth (see press release by Midland dated October 12, 2023). The interval exhibits impressive magmatic breccias with decimetre-scale semi-massive sulphide zones, indicative of a dynamic magmatic system at Santos. The two drill holes, MDLD0015 and MDLD0018, began directly in the mineralized zone; the total thickness of this zone has yet to be determined and the zone remains open in all directions. A very similar target as Santos, occurs 770m to the south. The Santos South target consists of a subtle airborne EM located in a very similar fold structure as the Santos occurrence. One drill hole totaling 300m will be drilled to test this target. Additional targets were also selected for another phas...