Midland Identifies Several Promising Projects With Significant Lithium Potential Amongst Its Extensive Land Position in the James Bay Area

MONTREAL, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland” or the “Corporation”) (TSX-V: MD) is pleased to report that it has completed a full re-evaluation of its extensive mining claims in the James Bay area for their lithium exploration potential.

Midland has 3,814 claims totalling 1,975 square kilometres of land positions in the James Bay area and is one of the largest claim holders in the region. Four projects were identified as highly prospective for their lithium potential, based on striking geological similarities with adjacent lithium discoveries and compelling occurrences of lithium (Li), tantalum (Ta) and/or beryllium (Be) in historical rock sampling. It should be noted that none of these projects have been specifically explored for lithium in the past. Occurrences of Li, Ta and/or Be noted on each of these projects were found while exploring for other commodities.

Highlights

• The Komo project is located 20 km west of the James Bay lithium deposit (Allkem);
• The Galinee project is located directly on strike and less than 4 km east of Winsome’s Adina lithium prospect that returned up to 107.6 m grading 1.34% Li₂O;
• The Shire project is located along the Lac des Montagnes amphibolites that host the Whabouchi lithium deposit approximately 60 km further west;
• The Mythril East property is located about 7 km NE and directly on strike with the Patriot Battery Corvette pegmatite field.

Komo Project

The Komo project is located at approximately 20 kilometres west of the James Bay lithium deposit (Allkem Limited). The project area overlaps the contact between the La Grande and Nemiscau geological subprovinces, the same major geological structure that hosts the James Bay lithium deposit and is likely critical for its genesis. Prospecting for gold in 2022 uncovered a Li-Ta-Be pegmatite outcrop that returned 0.04% Li₂O, 159 ppm Ta, 396 ppm Be in a grab sample. These strongly anomalous Li-Ta-Be values and the very favourable geological setting highlight the strong lithium potential of the Komo project.

Galinee Project

The Galinee project is located at relatively 4 kilometres east of the promising Adina lithium prospect held by Winsome Resources Limited (“Winsome”), that recently announced results in the order of 107.6 m grading 1.34% Li₂O in drilling. Additional recent drilling results (DDH AD-22-043) by Winsome reported that spodumene bearing pegmatite were intersected about 1.6 kilometres north-east (Adina far east Zone) of the discovery showing and approximately 1.0 kilometres north-east of the previous reported intersections. Drillhole AD-22-043 intersected 17.1 metres of spodumene bearing pegmatite (see press release by Winsome dated January 25, 2023).