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Rio Tinto in Partnership With Midland Exploration Completes VTEM Survey and Identifies Several New Conductors on the Tête Nord Ni-Cu Project
MONTREAL, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report that the heliborne VTEM-type (“VTEM”) electrom
About this update from Midland Exploration Inc.
[{"type":"text","content":" MONTREAL, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report that the heliborne VTEM-type (“VTEM”) electromagnetic survey launched last March has been completed on the Tête Nord nickel-copper (“Ni-Cu”) property. This property is currently wholly owned by Midland but has been under option since December 2021 by Rio Tinto Exploration Canada Inc. (“RTEC”) and is located near the town of La Tuque, Quebec. Regional VTEM survey completed The VTEM survey totalled 6,635 line kilometres and covered the majority of the optioned claim blocks, with flight lines spaced 100 metres apart and locally 50 metres apart on more detailed grids. Following the review of the preliminary results, a new block of 39 claims (Bonhomme block) was map-designated approximately 12 kilometres north of the former Lac Edouard (Ni-Cu) mine. This claim block will be included in the partnership between RTEC and Midland. New strategically positioned VTEM conductors Preliminary results from the VTEM survey led to the identification of several new conductors, strategically positioned proximal to or along the extensions of known Ni-Cu occurrences such as the Rochette, Savane, Lac Matte and Ghyslaine showings, as well as on the new Bonhomme claim block. Teams of RTEC geologists are currently in the field, prospecting and mapping the areas where new conductors were identified. An initial budget of $900,000 was allocated to conduct the VTEM survey and follow-up fieldwork during the summer of 2022, in preparation for a drilling program scheduled for later in 2022-2023. RTEC is project operator. About the Tete Nord Ni-Cu property The Tete Nord property comprises 975 claims covering a surface area of about 535 square kilometres in mafic and ultramafic rocks of the La Bostonnais Complex north of La Tuque. The largest claim block is located south of the former Lac Edouard mine, which historically produced 50,000 tonnes grading 1.50% Ni and 0.50% Cu (Source: SIGEOM NTS sheet 31P09). This property hosts a few mineral occurrences, including the Savane showing, located approximately 25 kilometres south of the former Lac Edouard mine, consisting of a Ni-Cu showing discovered by prospecting in 1995 in a pyroxenite, where historical values of 1.80% Ni and 0.20% Cu were reported in grab samples. Another grab sample from a s...