Business
Midland Exploration Generates New Exploration Targets on Several of Its James Bay Projects and Expands Its Portfolio of Lithium Projects
MONTREAL, March 06, 2023 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland” or the “Corporation”) (TSX-V: MD) is pleased to report that it has completed a
About this update from Midland Exploration Inc.
[{"type":"text","content":" MONTREAL, March 06, 2023 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland” or the “Corporation”) (TSX-V: MD) is pleased to report that it has completed a regional targeting study for lithium mineralization in the Eeyou Istchee James Bay region, which is recently highly regarded for its lithium potential and occurrences. New targets were identified on several currently 100% owned Midland projects that were deemed highly prospective for lithium potential, and new projects were also acquired on February 28th, 2023, by map designation for their lithium exploration potential. Highlights New strong lithium lake bottom sediment anomaly identified on the Komo project, located 20 km west of the James Bay lithium deposit (Allkem); New cluster of strong lithium lake bottom sediment anomalies identified on the Shire project and located along the Lac des Montagnes amphibolites that host the Whabouchi lithium deposit about 60 km further southwest; New strong lithium lake bottom sediment anomaly on the Chisaayuu block (Mythril Regional project); New lithium lake bottom sediment anomalies on the Mythril project; New important claim acquisitions resulting from new targets generated by lake bottom sediment statistical processing. The new targets are the result of an extensive statistical processing of more than 23,000 lake bottom sediment analyses which were extracted from the Québec government’s digital SIGÉOM database and complemented with additional data from local and higher resolution surveys, such as those completed by Midland. The statistical processing was oriented towards identifying the footprint of lithium-bearing S-type pegmatites and mineralization as well as defining exploration targets. This processing has proven its ability to positively identify lake bottom sediment anomalies around recent lithium discoveries and more advanced projects in Eeyou Istchee James Bay. Other new and similar secondary environment footprints were also identified, thus defining new targets on several active Midland projects while also generating targets and claim acquisitions. Midland has 4,166 claims totalling 2,163 square kilometres of land positions in Eeyou Istchee James Bay and is among the top claim holders in the region. Four Midland projects, namely Komo, Galinee, Shire and Mythril Regional, were recently identified as highly prospecti...