Midland Identifies New High-Priority Geophysical Target on Samson and Expands Strategic Position East of Wallbridge’s Fenelon Project

MONTREAL, Jan. 28, 2020 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report that the ground-based induced polarization (“IP”) geophysical survey recently completed on the Samson property has led to the identification of a new high-priority target along an interpreted subsidiary located south of the Lower Detour Fault. The Samson property is wholly owned by Midland and is located approximately 15 kilometres southeast of the Fenelon deposit and the recent Area 51 discovery, both held by Wallbridge Mining Company (“Wallbridge”).

In addition, Midland is pleased to announce the acquisition, by map designation, of 102 new claims held 100% by Midland, adjacent to the north of the Fleuribleu property initially acquired in November 2019 and located along the Sunday Lake Fault, approximately 40 kilometres east of the Fenelon deposit and Area 51 discovery.

New high-priority target south of the Lower Detour Fault

Last December, an IP survey was conducted in the east part of the Samson property to investigate a folded magnetic structure interpreted as being located along a subsidiary fault to the south and proximal to the Lower Detour Fault. This folded structure was initially identified during a high-resolution helicopter-borne magnetic survey conducted in the winter of 2016.

The IP survey, totalling approximately 9.5 line kilometres, consisted in four (4) lines trending north-south and 1.5 km long, spaced 400 metres apart, and two (2) additional lines trending east-west and 1.75 km long, spaced 200 metres apart. This survey configuration was set up to test the presence of chargeability anomalies near the nose of the folded magnetic structure.

The results of the IP survey show two subparallel axes with weak chargeability highs, as well as an area some 400 metres in diameter, where chargeability values are markedly higher, located directly in the nose of the folded magnetic structure. These encouraging IP results highlight an area already considered favourable from a structural standpoint as a result of the high-resolution magnetic survey interpretation, which identified this area as a possible drag fold located along a subsidiary structure to the south of the regional Lower Detour Fault.