Business
Midland Exploration Discovers High-Grade Gold-Bearing Boulders on Its Laflamme JV Project
MONTREAL, June 13, 2022 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report the discovery of high-grade gold-bearing bould
About this update from Midland Exploration Inc.
[{"type":"text","content":" MONTREAL, June 13, 2022 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report the discovery of high-grade gold-bearing boulders as well as new auriferous shear zones during a recent prospecting program on its Laflamme JV project. The Laflamme project is located approximately 25 kilometres northwest of the town of Lebel-sur-Quévillon in Abitibi, Quebec, and currently consists of 436 claims covering a total surface area of about 234 square kilometres. This project is a joint venture between Midland (77.9%) and Abcourt Mines Inc. (“Abcourt”) (22.1%). High-grade gold-bearing boulders discovered by prospecting During a prospecting program conducted in late May 2022, a metre-scale angular erratic boulder was discovered approximately 700 metres southeast of the historical Notting Hill gold showing. This boulder graded 28.7 g/t Au and is characterized by an intense stockwork of quartz-ankerite veins containing up to 15% pyrite mineralization. Another sample collected from a similar boulder located 1 metre apart yielded a grade of 6.0 g/t Au in a country rock completely altered to ankerite and containing 5% pyrite mineralization, which represents the stockwork host rock. Given the angular shape of this boulder and known glacial flow directions in this part of the Abitibi, the potential source of these erratic boulders is interpreted as being at a short distance to the NNE. The target area has never been drill-tested and corresponds to a magnetic low that remains untested over a distance of more than 1.5 kilometres. New gold-bearing shear structures identified near the discovery boulders Prospecting also yielded several anomalous gold values on outcrops with grades between 0.1 and 1.0 g/t Au, in grab samples associated with new shear zones with strong carbonate alteration, supporting the gold potential in the vicinity of the discovery boulder. This new favourable area is located approximately 700 metres southeast of the Notting Hill gold showing discovered in 2013 by Midland, which graded 0.34 g/t Au over 25.56 metres from 144.00 to 169.56 metres in hole LAF-13-21. In addition, this new discovery is located approximately 12 kilometres northwest of the Osborne-Bell deposit where Osisko Mining Inc. reported new drill intersections grading up to 37.0 g/t Au over 5.4 metres (see press releas...