Midland and Probe Begin Important Drilling Program on La Peltrie, East of the Lower Detour Zone 58N Deposit
MONTREAL, May 17, 2022 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership with Probe Metals Inc. (“Probe”), is pleased to
announce the commencement of an important drilling program totalling more than 3,125 metres to test new high-priority targets on the La Peltrie project.
This project, wholly owned by Midland and under option by Probe since July 2020 (see press release by Midland dated July 9, 2020), is located along the Lower Detour Fault, approximately 25 kilometres southeast of Zone 58N currently held by Agnico Eagle Mines Limited.
Highlights:
- Identification of new drilling targets – Geological, geophysical and geochemical targets
- Drilling program totalling more than 3,125 metres; 9 drilling targets
- Targets located proximal to the regional Lower Detour Fault
- Drilling set to commence at the end of this month (2 helicopter-supported drill rigs)
New high-priority drilling targets proximal to the Lower Detour Fault
Following execution of the option agreement on the La Peltrie property in the summer of 2020, Probe conducted systematic biogeochemical survey covering the entire property and also completed several localized induced polarization grids to cover the best gold anomalies. This work resulted in the identification of nine (9) new high-priority drilling targets that will be tested during this maiden drilling program totalling 3,125 metres set to begin at the end of May. More than twenty additional targets were also identified and will be reassessed pending the results of this first phase of drilling.
Lesen Sie auch
The La Peltrie property is located approximately 25 kilometres southeast of the high-grade Lower Detour Zone 58N gold deposit held by Agnico Eagle Mines Limited, which hosts indicated resources totalling 2.87 million tonnes at a grade of 5.8 g/t Au (534,300 oz Au) and inferred resources totalling 0.97 million tonnes at a grade of 4.35 g/t Au (136,100 oz Au) (Source: NI 43-101 report by Kirkland Lake Gold effective December 31, 2020). It is also located proximal to the B26 deposit held by SOQUEM, where indicated resources are estimated at 6.97 million tonnes grading 1.32% Cu, 1.80% Zn, 0.60 g/t Au and 43.0 g/t Ag, and inferred resources at 4.41 million tonnes grading 2.03% Cu, 0.22% Zn, 1.07 g/t Au and 9.0 g/t Ag (Source: NI 43-101 report by SGS prepared for SOQUEM effective January 31, 2018). The La Peltrie property is also located 25 kilometres northwest of the former Selbaie mine, which historically produced 56.5 million tonnes of ore grading 1.9% Zn, 0.9% Cu, 38.0 g/t Ag and 0.6 g/t Au.