Midland, in Partnership With RTEC, Announces the Launch of a Maiden 5.8M CAD Lithium Drilling Program on Galinée

MONTREAL, March 19, 2024 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership with Rio Tinto Exploration Canada Inc. (“RTEC”), is pleased to announce the start of a maiden drilling program on the Galinée project, approximately 8 kilometres east of the Adina lithium deposit held by Winsome Resources (“Winsome”). The Galinée project is currently wholly owned by Midland and is subject to an option agreement signed with RTEC in June 2023 (see press release by Midland dated June 14, 2023).

Highlights:

• Maiden 5.8M CAD drilling program targeting the Iceberg Showing to start on the Galinée project;
• Iceberg Showing consists if spodumene-bearing pegmatite dykes identified over at least 600 metres strike length with high-grade grab samples grading up to 7.2 % Li₂O;
• An additional 1.3M CAD exploration program on the 10 optioned projects, including Komo and Shire.
  

A 5.8M CAD maiden diamond drilling program is planned to begin early April on the Iceberg spodumene showing. This program aims to define the grade and geometry of the Iceberg spodumene pegmatites, identified in 2023 (see press release by Midland dated January 15, 2024), by drilling along several fences. In addition to drilling, a summer surface exploration program is also planned on the Galinée project over targets generated by the 2023 high-resolution airborne magnetic and radiometric survey used to identify structures that could host spodumene pegmatites. This summer exploration work is part of a vast 1.3M CAD reconnaissance exploration program planned to cover the ten (10) projects of the option agreement (Galinée, Corvette, Mythril East, Chisaayuu, Komo, Shire, Moria, Picard, Warp, and Sulu).

The Iceberg showing consists of a series of spodumene exposures outcrop, now over a 600m east-west strike intermixed with amphibolite and granodiorite. High-grade grab samples on the Iceberg showing returned up to 7.2 % Li₂O, including 6 samples grading between 5.0 % Li₂O and 7.2 % Li₂O (see press release by Midland dated November 2, 2023). Two other lithium showings, Iceberg Southwest and Iceberg South, are located respectively 900 and 500 metres from the main Iceberg showing. The Iceberg Southwest spodumene-bearing outcrop returned three (3) samples grading between 3.0% Li₂O and 3.6% Li₂O. Moreover, a spodumene-bearing boulder located 100 metres west of this showing returned 4.1% Li₂O. The Iceberg South Showing consists of a pegmatite subcrop and returned an anomalous lithium value of 0.7% Li₂O (see press release by Midland dated January 15, 2024).