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Midland Exploration Inc. Begins Major Exploration Program for Nickel in Nunavik Under Its Strategic Alliance With Bhp
MONTREAL, April 15, 2021 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report the start of a major exploration program for
About this update from Midland Exploration Inc.
[{"type":"text","content":" MONTREAL, April 15, 2021 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report the start of a major exploration program for nickel in Nunavik, following up on the new Ni-Cu-Co mineral occurrences discovered in the summer of 2020. This new program will be carried out under the strategic alliance (the “Alliance”) executed in August 2020 between Midland’s wholly-owned subsidiary, Midland Base Metals Inc. (“MBM”), and Rio Algom Limited, wholly-owned subsidiary of BHP Group plc (“BHP”). The 2021 exploration program will consist of helicopter-borne electromagnetic surveys (“VTEM”), ground-based electromagnetic surveys, and a prospecting campaign that will take place in July. Highlights: New Ni-Cu-Co mineral occurrences discovered by prospecting in 2020 Helicopter-borne EM survey (VTEM) totalling 5,000 km Two (2) ground EM surveys on Soissons totalling about 60 km Prospecting work planned for July 2021 New Ni-Cu-Co showings identified in 2020 Following execution of the agreement with BHP in August 2020, a preliminary two-week prospecting campaign was conducted in September 2020. During this campaign, a series of high-quality exploration targets generated during the first phase of targeting at a regional scale were investigated in the field. These prospecting efforts led to the discovery of several new Ni-Cu-Co mineral occurrences with excellent values recalculated to 100% sulphides. Most noteworthy were the Bonne Une and A1 occurrences, hosted in intrusive rocks of the Soissons Suite, which exhibits ages and geochemical characteristics similar to those of the Voisey’s Bay deposit. Bonne Une The Bonne Une showing is a rusty outcrop with pyrrhotite-chalcopyrite mineralization intermittently visible over an area of 100 m by 300 m. One outcrop was initially visited by the Ministère de l’Énergie et des Ressources naturelles in 2011. Our visit to this outcrop in 2020 enabled us to confirm values of 0.23% Ni, 0.23% Cu and 216 ppm Co in grab samples and to expand the mineral occurrence. Tenors (recalculated to 100% sulphides) at the Bonne Une showing reach 6.1% Ni and 4.87% Cu, thus confirming this surface showing’s excellent potential. A1 The A1 showing is a field of boulders with pyrrhotite-chalcopyrite mineralization that was traced over a distance of 250 m. Eight (8) mineralized boulders yielded values ...