Midland and SOQUEM Discover High-Grade Mineralization
Midland and SOQUEM Discover High-Grade Mineralization
Midland Exploration Inc. (TSX-V: MD), in partnership with SOQUEM Inc., has announced the discovery of new mineralized occurrences in the Nachicapau project. Following previous discoveries made over the past two years, the current exploration initiative emphasizes the high-grade copper-gold-silver mineralized horizons and veins that span a considerable surface area.
Key Highlights from the New Discovery
The exploration carried out in 2024 yielded several significant findings:
- Discovery of 11 new Cu-Au-Ag occurrences associated with digenite, bornite, and malachite veins.
- 38 samples collected, with 30 samples yielding grades exceeding 0.1% Cu; among these, 15 samples graded over 1% Cu, with one sample reaching up to 39.90% Cu.
- New mineralized veins were identified, particularly 10 km southeast of the main zone, showing grades up to 5.22% Cu, 13.8 g/t Ag, and 0.65 g/t Au.
- Gold mineralization characterized by anomalous values (greater than 0.10 g/t Au) in 10 samples, with the highest reaching 1.51 g/t Au.
- A drone-supported magnetic survey covering 768.2 km was completed to enhance structural understanding.
Geochemical Sampling and Analysis
A geochemical sampling campaign was initiated in early summer, resulting in the collection of 231 rock samples across the Nachicapau property. Findings include the discovery of numerous copper-bearing veins alongside digenite, bornite, and malachite pods, with substantial mineralization observed. The geochemical analysis revealed the presence of high-grade minerals, pointing towards a robust mineral system within the region.
Exploration Strategy Moving Forward
These results underscore the Nachicapau project as a vital exploration target within the Labrador Trough. The exploration strategy will expand in 2025, focusing on delineating drilling targets to assess depth potential and further extend the mineralized footprint established during the 2024 fieldwork.
Quality Control and Analysis Methods
All rock and soil samples undergo rigorous analysis at Actlabs laboratories in Ancaster, Ontario, utilizing ICP-MS with four-acid digestion for metal analysis and standard fire assay for gold evaluation. The exploration programs are managed by Qualified Persons who ensure adherence to industry best practices through a comprehensive Quality Assurance/Quality Control program, which involves the regular use of standards and blanks.
About the Strategic Alliance with SOQUEM
The partnership between Midland and SOQUEM focuses on exploring the vast potential for gold and strategic minerals in the underexplored regions of the Labrador Trough. This Strategic Alliance is set to invest up to $5 million over a period of four years, providing a strong foundation for continued exploration and development activities in the area.
Exploration and Development Goals
In 2024, the Alliance executed a joint budget of $1 million for exploration efforts in the Labrador Trough, continuing to evaluate and expand the discovery potential outlined by previous campaigns. The targeted area of interest includes key geological zones spanning a significant distance across the Trough.
About Midland Exploration
Midland is focused on exploiting Quebec's mineral potential to unearth new world-class deposits of gold and critical metals. The company actively seeks partnerships with reputable organizations to facilitate exploration and rapidly expand its project portfolio.
Contact Information
For more information, please contact:
Gino Roger, President and Chief Executive Officer
Tel: 450 420-5977
Fax: 450 420-5978
Email: info@midlandexploration.com
Website: www.midlandexploration.com
Frequently Asked Questions
What are the main findings from the latest exploration at Nachicapau?
The recent exploration revealed the discovery of 11 new high-grade Cu-Au-Ag occurrences and new mineralized veins grading up to 5.22% Cu.
How does the Strategic Alliance with SOQUEM work?
The alliance allows Midland and SOQUEM to share resources and expertise to explore the mineral potential in the Labrador Trough, with ongoing investment commitments.
What is Midland's focus for the next exploration phase?
Midland aims to define drilling targets for 2025 to assess the depth potential of the mineralized system and continue exploration across unexplored surface targets.
What quality control measures are in place for the sampling and analysis?
Rock and soil samples are analyzed using leading lab techniques and are subjected to a Quality Assurance/Quality Control program aligned with industry standards, incorporating routine use of standards and blanks.
Who can be contacted for more information about Midland Exploration?
Gino Roger, the President and CEO, can be contacted at his email or through the company's official website for detailed inquiries.
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