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Midland Exploration and Soquem Announce New Results on Their Recent Copper-Gold Discovery in Nunavik
MONTREAL, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) in partnership with SOQUEM Inc. (“SOQUEM”) is pleased to announce n
About this update from Midland Exploration Inc.
[{"type":"text","content":" MONTREAL, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) in partnership with SOQUEM Inc. (“SOQUEM”) is pleased to announce new results on the high-grade Cu associated with Au and Ag mineralization discovered during the summer of 2022. These results were obtained under the Strategic Alliance between Midland and SOQUEM (the “Alliance”) in the Labrador Trough in Nunavik, Quebec. A new high-grade Cu, Au and Ag mineralized system was discovered by prospecting by the Midland-SOQUEM team in August 2022 in the area south of Nachicapau Lake. This system consisted of several mineralized horizons observed at surface over an area of at least 160 metres by 170 metres. The best results yielded grades up to 25.6% Cu, 4.90 g/t Au, and 162 g/t Ag (29.97% CuEq*) in a grab sample collected on surface. This mineralized system consists of several horizons with high-grade copper, gold and silver mineralization exposed on surface, which were observed over a surface area of at least 160 metres by 170 metres. Channel sampling was undertaken in this area, yielding grades of 1.49% Cu, 0.54 g/t Au, and 11.41 g/t Ag (1.93% CuEq*) over 4.0 metres (channel #1) and 0.90% Cu, 0.45 g/t Au, and 6.50 g/t Ag (1.25% CuEq*) over 3.0 metres (channel #2). Due to the vegetative cover, the mineralized zone remains open in all directions and the full extent of this new mineralized system has yet to be determined. The assays results have confirmed the potential in this area with 8 new samples of interest grading up to 10.05% Cu, 0.19 g/t Au, and 62.90 g/t Ag, and 1.26% Cu, 5.80 g/t Au, and 10.90 g/t Ag in grab samples. These samples with high-grade Cu-Au-Ag values are located along the extensions of horizons and veins with malachite and bornite mineralization. A new area of interest located 350 metres south of these mineralized horizons also exhibits carbonate veining with chalcopyrite and bornite mineralization, which graded 0.11% Cu, 0.03 g/t Au, and 0.20 g/t Ag. Best results obtained in grab samples are listed in the table below. Table 1: Best assay results obtained in grab samples Sample # UTM E UTM N Cu Au Ag CuEq.* m m % g/t g/t % C879186 558634 6277122 10.05 0.19 62.90 10.60 C879107 558658 6277011 3.24 1.97 23.60 4.72 C878897 558716 6277122 1.26 5.80 10.90 5.22 C879076 558658 6276988 0.50 0.29 4.63 0.72 C878995 558485 6...