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     285  0 Kommentare Midland Discovers New Platinum and Palladium Showings and Commences a Drilling Program on the Pallas Project in the Labrador Trough - Seite 2

    The second phase of this 2016 exploration program consists in a 1,200 metres drilling campaign consisting of six drill holes planned on the Ceres property. The drill holes will test at different depths the Apophis, Ida and Hektor showings and is planned to commence mid-October 2016.

    All of these new PGE + Au occurrences (note that true widths cannot be determined from the information available) remain open in all directions and share many similarities, in terms of geological settings and characteristics, with known "reef"-type deposits in the Great Dyke of Zimbabwe and the Bushveld Complex in South Africa. The Pallas project counts 631 claims covering a surface area of more than 286 square kilometres in the Labrador Trough. Midland and JOGMEC are thrilled to commence this drilling program on this important project.

    Exploration Agreement Terms

    JOGMEC was granted the option to acquire a 50% interest in the Pallas project by funding $2,000,000 in expenditures prior to March 31, 2016. Midland and JOGMEC are in joint-venture 50%-50% since the option agreement was fulfilled during the summer 2016 campaign. Midland will be operator as long as it will hold an interest equal to or higher than 50% in the project.

    About JOGMEC

    JOGMEC was established in February, 2004, following the integration of the former Japan National Oil Corporation (JNOC) and Metal Mining Agency of Japan (MMAJ). It is a corporation under the Japanese Ministry of Economy, Trade and Industry (METI), with a mandate of investing in developing minerals projects worldwide to help secure a stable supply of natural resources for Japanese industry.

    About Midland

    Lesen Sie auch

    Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, PGE, base metals and rare earth elements. Midland is proud to count on reputable partners such as Japan Oil, Gas and Metals National Corporation, Teck Resources Limited, Agnico Eagle Mines Limited and SOQUEM 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 build up the Company portfolio and generate shareholder value.

    This press release was prepared by Gino Roger, registered engineer and Qualified Person as defined by NI 43-101. For further information, please consult Midland's website.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland's periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.

    Midland Exploration Inc.
    Gino Roger, President and Chief Executive Officer
    450 420-5977
    450 420-5978 (FAX)
    info@midlandexploration.com
    www.midlandexploration.com
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    Verfasst von Marketwired
    Midland Discovers New Platinum and Palladium Showings and Commences a Drilling Program on the Pallas Project in the Labrador Trough - Seite 2 MONTREAL, QUEBEC--(Marketwired - Oct. 18, 2016) - Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) is pleased to commence, in partnership with Japan Oil, Gas and Metals National Corporation ("JOGMEC"), a second phase exploration program on the …