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Midland Exploration Resumes Drilling on Mythril Over Newly Identified Copper-gold Targets
MONTREAL, May 27, 2021 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report that drilling will resume on its Mythril Cu-Mo-
About this update from Midland Exploration Inc.
[{"type":"text","content":" MONTREAL, May 27, 2021 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report that drilling will resume on its Mythril Cu-Mo-Au-Ag project, wholly owned by Midland and located in Eeyou Istchee James Bay, Quebec. In late 2018, Midland discovered Mythril by prospecting and concluded a strategic investment with BHP Billiton Canada Inc. (“BHP”) during the spring of 2019 totalling $5.85 million for copper exploration in Quebec. A minimum 2,000-metre campaign will test new targets generated by a new 3D Leapfrog Geo model and is starting early June 2021. Mythril: A significant Cu-Mo-Au-Ag surface discovery in James Bay The Mythril copper-molybdenum-gold-silver (Cu-Mo-Au-Ag) zone consists of a series of mineralized subcropping boulder fields and Cu-Mo-Au-Ag showings occurring now over a distance of more than 3 kilometres. Located about 7 kilometres south of the Trans-Taïga road and hosted in Archean rocks of the Superior Province, a first nine days of prospecting in 2018 highlighted the discovery of 11 new surface Cu-Mo-Au-Ag and 2 molybdenum-only showings, yielding values such as 2.74% Cu, 0.44 g/t Au, 0.06% Mo and 24.3 g/t Ag over 2.7 metres in a channel on the Celeborn showing. Fifty-seven (57) grab samples from mineralized outcrops along 2 km strike length returned an average of 2.03% Cu, 0.48 g/t Au, 0.18% Mo and 18.3 g/t Ag. One hundred and sixteen (116) mineralized boulders were found, yielding an average of 1.92% Cu, 0.87 g/t Au, 0.11% Mo and 20.7 g/t Ag. Table 1: Summary of the best Cu-Au-Mo-Ag showings found in 2018 Showing Nb of Samples Average Values (grab samples) Max Values (grab samples) Cu (%) Au (g/t) Mo (%) Ag (g/t) CuEq. (%)* Cu (%) Au (g/t) Mo (%) Ag (g/t) Eriador 19 2.47 0.29 0.13 22.1 3.35 12.6 1.02 1.7 69.2 G Havens 2 5.26 0.85 0.01 40.4 6.19 9.22 1.00 0.01 69.8 Liv 5 3.25 0.61 0.12 29 4.36 9.53 1.51 0.24 55.6 Misty 6 1.53 0.31 0.02 14 1.93 2.92 0.84 0.12 28.7 Haldir 10 0.93 0.38 0.15 5.2 1.82 2.75 1.31 1.15 15.5 *Note that grab samples are selective by nature and values reported are not representative of mineralized zones. Results from grab samples were disclosed in the November 6, 2018 and October 16, 2018 press releases. Table 2: Summary of the best boulders found in 2018 Boulder Field Nb of Boulders Average Values (grab samples) Max Values (grab samples) Cu (%...