Business
Midland Exploration Inc. Expands Strategic Land Position on Its Jouvex Gold Project Northwest of Maple Gold’s Douay Deposit
MONTREAL, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the acquisition by map staking of 80 new cla
About this update from Midland Exploration Inc.
[{"type":"text","content":" MONTREAL, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the acquisition by map staking of 80 new claims adjacent to the east of its Jouvex gold property, wholly owned by Midland and located approximately 10 kilometres northwest of the Douay deposit held by Maple Gold Mines Ltd (“Maple Gold”). The Jouvex property now consists of a total of 345 claims covering a surface area of approximately 193 square kilometres. This property with strong gold potential covers the extension, over more than 10 kilometres strike length, of the Casa Berardi-Douay-Cameron deformation zone that hosts the Casa Berardi mine located 65 kilometres to the west, as well as the Douay project located only 10 kilometres to the southeast, which hosts inferred resources estimated at 2.352 million ounces of gold (71.2 Mt at 1.03 g/t Au) and indicated resources of 422,000 ounces of gold (8.6 Mt at 1.52 g/t Au). (Source: NI 43-101 report by Maple Gold, December 2019). Cautionary statement: Mineralization occurring at the Casa Berardi mine and the Douay deposit is not necessarily representative of mineralization that may be found on the Jouvex property held by Midland. New exploration targets identified on Jouvex Following a reassessment of the potential on the Jouvex property recently conducted by Midland, two main areas are now targeted for upcoming exploration campaigns. The first target area consists of a NW-SE-trending structure called the Casa Berardi North Fault, which can be traced over more than 10 kilometres on Jouvex and which locally marks the southern contact of the sedimentary Taïbi Group. The second target area corresponds to a regional structural lineament trending E-W, extending from the Casa Berardi mine over a distance of more than 65 kilometres. This lineament may be traced over a strike length of more than 15 kilometres in the north part of the Jouvex property and locally marks the northern contact of the Taïbi Group sediments. Midland is currently assessing the possibility of testing several new drilling targets that are favourably located near historical gold occurrences proximal to the E-W-trending lineament. These drilling targets mainly consist of induced polarization (IP) anomalies located along the direct extensions of historical gold showings. About Mid...