Business
Midland Exploration Inc. Announces the Acquisition of a 60-km-Long Strategic Position to the East of the Sunday Lake Fault
MONTREAL, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the acquisition, by map designation, of 100%
About this update from Midland Exploration Inc.
[{"type":"text","content":" MONTREAL, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the acquisition, by map designation, of 100% interest in 773 claims (425 km2) located approximately 60 kilometres east of the town of Matagami, Abitibi, Quebec, and adjacent to the west of the Chebistuan property held by Kenorland Minerals and currently optioned to Newmont Corporation. This new gold project, named Nomans, consolidates a new strategic position acquired by Midland along the possible extension of the Sunday Lake Fault in northern Abitibi, approximately 130 kilometres east of the Fenelon and Tabasco deposits held by Wallbridge Mining Company Ltd (“Wallbridge”). Cautionary statement: Mineralization occurring at the Fenelon and Tabasco deposits held by Wallbridge is not necessarily representative of mineralization that may be found on the Nomans project held by Midland described in this press release. This new acquisition covers, over a distance of more than 60 kilometres, a series of major structures trending E-W to SW-NE, poorly explored with less than a dozen historical drill holes, and marked by the presence of historical Input conductors. The geology in this area is complex and comprises sedimentary rocks including arenites, siltstones and mudstones interbedded with polygenic conglomerates of the Daubrée Formation, as well as the regional contact between felsic to mafic volcanic rocks of the Rivière Bell and Dussieux formations. Several felsic to mafic intrusions intrude both volcanic and sedimentary rocks. Midland will soon complete a major compilation of historical work in the area to delineate high-priority targets for its first exploration program on this new acquisition. About Midland Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as BHP Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Mining Inc., SOQUEM INC., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to bui...