Business
Midland Exploration and SOQUEM Launch Their 2024 Exploration Campaign in the Labrador Trough, Quebec
MONTREAL, June 04, 2024 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce its summer 2024 exploration program under th
About this update from Midland Exploration Inc.
[{"type":"text","content":" MONTREAL, June 04, 2024 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce its summer 2024 exploration program under the Strategic Alliance (the “Alliance”) with SOQUEM Inc. (“SOQUEM”) for exploration in the Labrador Trough in Nunavik. With a joint budget of $1 million, this program is the continuation of work carried out since 2021 and aims to identify new mineralized areas in this vast territory with high-discovery potential. This program will focus on high-grades copper-gold occurrences in the Nachicapau area as well as regional targets for various commodities. Helicopter-supported fieldwork will begin in mid-June and will consist of geochemical rock and soil sampling along with a drone-based magnetic survey. Highlights Follow-up on the Cu-Au system in the Nachicapau area, where mineral occurrences over an area of 7 km2 show grades up to 25.6% Cu, 4.9 g/t Au and 162 g/t Ag, 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 (B horizon) totalling approximately 500 samples as well as rock sampling; Drone-based magnetic survey totalling 770 km on the Nachicapau project; Rock sampling on regional targets generated as a result of compilation work, sampling, and a large-scale lithogeochemistry study conducted in 2022 and 2023. Nachicapau Area Exploration work conducted in 2024 will follow up on the discovery, made in 2022 and 2023, of high-grades copper-gold mineralized horizons and several other mineralized veins. These discoveries occur over an area of 7 km2 in pyroclastic rocks of the Murdoch Formation. A review of collected data enables to interpret the presence of a major multi-kilometre-scale hydrothermal system. In 2024, new surface exploration target areas have been defined based on this new interpretation, as well as on a re-analysis of the soil geochemistry results obtained in 2023 and the geophysical data currently available. The new B-horizon geochemistry survey will extend over at least 7.5 km to the south, using the same parameters as the 2023 survey, and will include real-time XRF analysis of samples. This survey will cover an area where mafic volcanic and sedimentary rocks of the Murdoch Formation are imbricated by a series of thrust faults associated with the Robelin ...