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Midland Exploration and SOQUEM Announce Exploration Program Under Alliance in Nunavik, Quebec
MONTREAL, June 20, 2023 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce its exploration program for the summer of 20
About this update from Midland Exploration Inc.
[{"type":"text","content":" MONTREAL, June 20, 2023 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce its exploration program for the summer of 2023 under the Strategic Alliance (the “Alliance”) with SOQUEM Inc. (“SOQUEM”) for exploration projects in the Labrador Trough in Nunavik. The 2023 work program, with a joint budget of $1.3 million, builds on the work carried out in 2021 and 2022 to identify new mineralized areas within the vast and underexplored Labrador Trough. The exploration program will focus on the area surrounding copper mineralized horizons discovered in 2022 near Nachicapau Lake and on regional targets generated across the Labrador Trough. Helicopter-supported fieldwork will begin in early July and will consist of geochemical rock and soil sampling, as well as stripping and channel sampling. Highlights Follow-up on the copper mineralized system discovered in 2022 and open in all directions, which graded up to 25.6% Cu, 4.9 g/t Au and 162 g/t Ag over at least 160 metres by 170 metres, and in channel sample up to 1.49% Cu, 0.54 g/t Au and 11.4 g/t Ag (1.93% CuEq*) over 4.0 metres; Soil survey totalling approximately 1,200 samples as well as rock sampling, stripping and channel sampling of Cu-Au mineralized horizons; Rock sampling on regional targets generated as a result of compilation work, sampling and a large-scale lithogeochemistry study conducted in 2022 and 2023. Area surrounding copper mineralized horizons discovered in 2022 Midland and SOQUEM will prioritize exploration work in the vicinity of the new horizons with high-grade copper mineralization discovered in 2022. Mineralization was observed on surface over a minimum area of 160 metres by 170 metres and remains open in all directions. The 2023 exploration program will aim to understand the spatial distribution of the mineralization and define its extent. This work will include a soil survey as well as rock sampling, stripping and channel sampling on copper mineralized horizons. The next step will be to conduct prospecting and soil sampling on a larger scale, on high-potential targets identified throughout the mining claims to discover similar mineralized zones. A total of approximately 1,200 soil samples and more than 400 rock samples will be collected in this area. Following this exploration work, results may justify plann...