Midland Identifies Several Promising Projects With Significant Lithium Potential Amongst Its Extensive Land Position in the James Bay Area - Seite 2

The Adina lithium prospect is located at the boundary between the Trieste Formation amphibolites (south) and felsic intrusives (north). This contact represents a major structure that likely controls the location of the pegmatites at the Adina prospect. The same highly favourable contact is present over a 7-kilometre distance on Galinee and has not been explored for lithium in the past. This strongly suggests that the Galinee project has excellent lithium exploration potential.

Shire Project

The Shire project is located within amphibolites of the Lac des Montagnes geological Group, which hosts the Whabouchi lithium deposit about 60 kilometres west of Shire. The Whabouchi lithium deposit is characterized by a pegmatite intrusion assigned to the Senay granitic Suite that also intrudes amphibolites of the Lac des Montagnes Group. In 2021, the Quebec government mapped at least 6 granitic intrusions of the same highly favourable Senay granitic Suite on the Shire project. None of the favourable pegmatitic intrusions have been assayed for lithium. The Shire project is also located at the boundary between the La Grande and Opatica geological subprovinces, a major structure that could be critical for the emplacement of lithium-bearing pegmatites in the area. Historical exploration work by Midland for base metals reported a tourmaline-garnet-bearing pegmatite outcrop that returned a strong anomaly of 399 ppm Be (grab sample), not assayed for Li, Ta, Cs or Rb. These very favourable geological characteristics and strong hints of metal-bearing pegmatites on the project suggest an important lithium exploration potential.

Mythril Regional Project

The Mythril Regional project is a large project with several large claim blocks. The Mythril East claim block is located 7 kilometres northeast and directly along strike with the Corvette pegmatite field (held by Patriot Battery Metals). On other claim blocks, compilation of historical work by Midland revealed strong evidence of Li-Be-Ta pegmatite potential. While exploring for copper in 2022, a pegmatite outcrop returned two strongly anomalous lithium values in grab samples: 0.12% Li₂O and 0.04% Li₂O. Grab samples of pegmatitic boulders in other claim blocks in the area also returned highly anomalous Li-Ta-Sn values: 0.03% Li₂O, 23 ppm Ta, 50 ppm Sn; 0.02% Li₂O, 72 ppm Ta. None of these anomalies have been followed up. These also suggest a favourable exploration potential for lithium on the Mythril Regional project, which has never been explored for lithium.