Midland Completes Its Evaluation of the Excellent Lithium Potential on Komo Near the Allkem New Discovery

MONTREAL, May 09, 2023 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland” or the “Corporation”) (TSX-V: MD) has now completed a geological evaluation for the excellent potential for lithium on its wholly owned Komo project. The Komo project is located about 20 kilometers west of the James Bay lithium deposit owned by Allkem Limited (“Allkem”) and is strikingly similar to it in terms of lithological and structural characteristics. Allkem recently announced a new discovery of spodumene-bearing pegmatites swarms to the northwest of their lithium deposit. One of the best intersections returned up to 1.70% Li2O over 125 metres (see press release from Allkem dated May 4, 2023). Following these observations and evaluation, the Komo project has been significantly expanded, with the addition of 151 new claims covering the favorable areas.

Highlights

• Komo located 20 km west of the James Bay lithium deposit (Allkem);
• Komo located on the same major geological structure that hosts the James Bay lithium deposit (La Grande-Nemiscau subprovinces boundary);
• Komo shares striking lithological similarities with the James Bay Li deposit:
  • Proximity to a large S-type granitoid batholith of the favorable Causabiscau suite, that could be the source of the Li-Ta-Be pegmatites in both cases;
  • Located at a “Goldilocks” distance of 1 to 4 kilometers from the batholith in both cases;
  • Presence of favorable contacts between amphibolites and metasediments;
• New occurrence of Li-Ta-Be mineralization on Komo: pegmatite outcrop grab sample that returned 0.04% Li₂O, 159 ppm Ta, 396 ppm Be (2022).

The Komo project is located about 20 kilometres west of the James Bay lithium deposit (Allkem Limited). The James Bay lithium deposit (Allkem) is estimated to contain 40.3 Mt at 1.4% Li₂O (mineral resources) and 37.2 Mt at 1.3% Li₂O (mineral reserves) (source: 2021 Feasibility Study and Maiden Ore Reserve NI 43-101 by Allkem, published on December 21^st, 2021).

Both the Komo project and the James Bay lithium deposit lie at the contact between the La Grande and Nemiscau geological subprovinces. This boundary is a major structure that likely played a critical role in the emplacement of the James Bay lithium pegmatite. This major lithotectonic boundary is present 30 kilometers on the Komo project and is the most important structural feature of entire area.