Midland Begins its First Exploration Program on its Gaudet and Jeremie Projects Near Wallbridge’s Fenelon Project

MONTREAL, June 02, 2020 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the commencement of its first exploration campaign on the Gaudet gold project, consisting in a high resolution aeromagnetic survey (“HR Mag”), as well as an induced polarization (“IP”) survey on its Jeremie project. The two projects are located near the Fenelon/Tabasco deposit and the recent Area 51 and Reaper discoveries held by Wallbridge Mining Company (“Wallbridge”). 

Highlights:

• HR Mag survey (1,200 km) on Gaudet, 3 km south of Wallbridge’s Fenelon project
• NW-SE-trending structures and discrete EM conductors identified on Gaudet
• Several untested VTEM axes trending NW-SE identified on Jeremie

Midland is planning a HR Mag survey totalling approximately 1,200 kilometres, to be conducted on its Gaudet gold project, located 3 kilometres south of the Fenelon project held by Wallbridge. The survey is mainly designed to detail the structural setting in areas where magnetic axes and electromagnetic anomalies exhibit NW-SE orientations, similar to the orientation of the Tabasco zone held by Wallbridge.

The Gaudet property consists of 94 claims (53 km²) and covers, over a distance of more than 10 kilometres, a volcano-sedimentary sequence located between the Sunday Lake and Lower Detour faults. Last December, Wallbridge announced drill results on Fenelon (Tabasco zone) with values up to 22.73 g/t Au over 48.01 metres (see press release by Wallbridge dated December 3, 2019). More recently, the discovery of the Reaper showing by Balmoral Resources Ltd (“Balmoral”), subsequently acquired by Wallbridge, yielded high gold grades in drill hole reaching 308 g/t Au over 2.97 metres, including 858 g/t Au over 0.60 metre south of Area 51 (see press release by Balmoral dated April 30, 2020).

The Jeremie project consists of 42 claims covering a surface area of approximately 22 km². It is located approximately 15 kilometres northwest of Fenelon. On Jeremie, several VTEM axes, some of which have never been drill-tested, were identified during a VTEM survey conducted in 2015. Several of these axes exhibit NW-SE orientations, similar to the orientation of the Tabasco zone held by Wallbridge but located on the west side of the Jeremie pluton. These VTEM axes will be the focus of localized IP surveys this summer in an effort to better define the next drilling targets.