Midland Acquires a New Gold Project Along the Casa Berardi North Deformation Zone and Resumes Fieldwork

Nachrichtenquelle: globenewswire
12.05.2020, 14:30  |  107   |   |   

MONTREAL, May 12, 2020 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the acquisition, by map designation, of 100% interest in 172 claims (96 km2) located approximately 20 kilometres south of the town of Matagami, in Abitibi, Quebec. This new project, called Noyelles, provides control over more than 30 kilometres of structures with strong gold potential, within and proximal to the northern contact of the sedimentary Taibi Group along the Casa Berardi deformation zone.

This new acquisition is located approximately 8 kilometres northeast of the Vezza gold deposit, held by Nottaway Resources Inc. and hosted in the southern part of the Taibi sediments, along the Douay-Cameron deformation zone. The latter also hosts the Douay deposit held by Maple Gold Mines Ltd. The Douay deposit is located approximately 35 kilometres west of Midland’s Noyelles new property and contains indicated resources estimated at 8.6 million tonnes grading 1.52 g/t Au (422,000 ounces of gold) and inferred resources of 71.2 million tonnes grading 1.03 g/t Au for 2.35 million ounces of gold (Source: NI 43-101 report by RPA dated December 6, 2019).

The Noyelles property covers, over a distance of more than 15 kilometres, the northern contact of the Taibi Group sediments along the Casa Berardi North deformation zone. A felsic intrusion, approximately 4 kilometres long, lies near this contact. The intrusion causes a structural complexity and potential gold traps associated with low-pressure zones along the lateral extensions of the intrusion. A few historical gold occurrences are reported near this contact, namely the historical Ludger gold showing, located approximately 3 kilometres east of Noyelles, where grades reaching 7.6 g/t Au over 2.3 metres in channel sample and up to 2.2 g/t Au over 3.9 metres in drill hole are reported (Source: MERN-SIGEOM NTS sheet 32F11; GM 57119).

Cautionary statements:

Mineralization occurring at the Vezza and Douay gold deposits and at showings located on adjacent properties is not necessarily indicative of mineralization that may be found on the Noyelles property held by Midland.

The true thickness of historical drill intercepts and channel samples listed in this press release cannot be determined with the information currently available; intervals are thus reported in core length.

Midland is currently conducting a detailed compilation of previous work in preparation for a field campaign in the summer of 2020.

Resumption of fieldwork

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