Midland Exploration Reveals Gold Potential in New Project

Midland Exploration Targets Gold Riches on Caniapisc Au Project

Midland Exploration Inc. (TSX-V: MD) recently announced exciting developments at its Caniapisc Au project. Located in the heart of the Eeyou Istchee James Bay region, this project has captured the attention of geologists and investors alike due to its promising gold potential. Spanning over 47 square kilometers, the Caniapisc Au project is entirely owned by Midland and is composed of 94 claims, setting the stage for significant exploration activity.

Key Discoveries and Phase One Results

In a preliminary reconnaissance program, Midland achieved remarkable results. They resampled three historical till samples that revealed impressive findings, including up to 41 pristine and 66 modified gold grains. Moreover, an additional fifteen samples identified gold anomalies ranging from 0.10 to 0.75 g/t Au, which are located in proximity to past discoveries of gold-bearing tills.

Field Surveys and Geological Assessments

The summer reconnaissance campaign lasted three days, aiming to validate past gold anomalies and assess the project's geological framework. During this period, five till samples were collected, including three from historical locations and two up-ice samples for further context. Results from these samples are awaited, and they play a critical role in establishing the area's gold potential.

Geological Setting and Exploration Plans

During the prospecting efforts, teams reported findings such as boulder fields and outcrops within a few hundred meters of the historical anomalous tills. Out of 55 grab samples, 47 were collected near these anomaly sites, revealing fifteen samples with remarkable gold values from a total of 31 samples featuring gold values above 0.02 g/t Au. Geological analysis suggests the mineralization is predominantly hosted in sedimentary rocks, accompanied by mafic volcanic formations and intrusive types with possible porphyritic features.

In anticipation of the next exploration phase, Midland is diligently preparing for upcoming programs that will further investigate the gold potential of the Caniapisc Au project.

About the Caniapisc Au Project

Nestled south of the Caniapiscau Reservoir, the Caniapisc Au project is a gem within the lesser-known but resource-rich Ashuanipi Subprovince. This area features a 50-kilometer volcanic-sedimentary belt, showcasing a mix of bimodal volcanic sequences and metasedimentary rocks. Historical exploration directly to the south revealed promising indications of mineralization, encompassing a range of metals including gold.

Previously conducted till sampling surveys in 2014 unveiled gold anomalies within the project's perimeter, yet follow-up investigations have been limited. The revelations from Midland's recent exploration efforts underscore the project's latent potential.

Quality Control and Assurance in Exploration

Midland adheres to strict quality control protocols to ensure accurate results. Rock samples undergo analysis at reputable laboratories, utilizing ICP-MS methods with 4-acid digestion for metals and fire assays for gold quantification. The exploration programs are structured and assessed by Qualified Persons, further emphasizing the commitment to high-quality standards.

Future Endeavors and Company Outlook

Midland Exploration is resolutely focused on harnessing Quebec's mineral wealth to uncover new, world-class deposits of gold and essential metals. Collaborating with esteemed partners like Rio Tinto Exploration and Barrick Gold, the company is actively pursuing partnerships and new property agreements. In tandem with ongoing assessments, Midland is keeping an eye on other opportunities to enhance its project portfolio, ultimately aiming to maximize shareholder value.

The Chief Geologist and Qualified Person for this endeavor, Jean-François Larivière, ensures that all data regarding the project is thoroughly verified and adheres to the standards set by National Instrument 43-101.

Frequently Asked Questions

What is the Caniapisc Au project?

The Caniapisc Au project is a gold exploration initiative by Midland Exploration Inc., covering 94 claims over an area of 47 square kilometers.

What were the main findings from the recent reconnaissance program?

The reconnaissance program uncovered three historical till samples with numerous gold grains and identified fifteen new samples with gold values ranging from 0.10 to 0.75 g/t Au.

What geological features define the Caniapisc Au project?

The project is characterized by a volcanosedimentary belt composed of bimodal volcanic sequences and metasedimentary rocks, indicating a potentially mineral-rich environment.

How does Midland ensure quality control during its exploration activities?

Midland employs a rigorous quality assurance program verified by Qualified Persons, utilizing leading analytical techniques and standard practice protocols.

Who is the Chief Geologist associated with the Caniapisc Au project?

Jean-François Larivière, P.Geo., PhD, serves as the Chief Geologist and is responsible for verifying all data concerning the project under regulatory standards.

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