Midland Expands Its Land Position for Gold in James Bay With the New Caniapisc Au Project

MONTREAL, April 09, 2024 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD), is pleased to announce the expansion of its gold project portfolio with the recent acquisition, by map designation, of the Caniapisc Au project in the Eeyou Istchee James Bay and Caniapiscau regions. The Caniapisc Au project is wholly owned by Midland and consists of 94 claims covering an area of 47 square kilometres.

Highlights:

• Recent acquisition by map designation of the Caniapisc Au project;
• Historical unexplained gold anomalies in till samples with up to 41 pristine and 66 modified gold grains;
• Reconnaissance exploration program planned for summer 2024.
  

The Caniapisc Au project is positioned south of the Caniapiscau Reservoir and geologically located within the Ashuanipi subprovince, a less known and explored portion of the Archean Superior Province. The project is more specifically located in the Raynouard Complex, characterized by a 50 kilometre-long volcanosedimentary belt comprising bimodal volcanic sequences, metasediments and iron formations. In the Superior Province, bimodal (basalts and rhyolites) volcanic sequences and iron formations are respectively recognized in general for their potential in base metals (Cu-Zn-Ag-Au) and gold. Moreover, the Raynouard Complex is less metamorphosed and thus better preserved than other areas of the Ashuanipi subprovince, which is favourable for mineral exploration (better preservation of potential deposits).

Historical exploration work, to the south of the Caniapisc Au project, highlights the potential of the Raynouard Complex with the presence of volcanogenic Cu-Zn-Ag-Au and porphyric Cu-Au-Ag-Mo mineralizations. Historical showings to the south include: Eagle Showing with selected grab samples returning up to 0.76% Cu, 8.94% Zn, 14.3 g/t Ag, 0.73 g/t Au, and up to 3.78 g/t Au over 1.0 metres in channel sampling; Peacock Showing returned 1.7 g/t Au over 7.0 metres in channel sampling; and the Falcon Showing with selected grab samples returning up to 8.6% Cu, 3.8 g/t Au. 49.6 g/t Ag, 1.3% Mo, and up to 3.0% Cu, 4.4 g/t Au, 20.1 g/t Ag over 1.0 metres in drilling sampling.