Montreal, May 27, 2015. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the acquisition, by map designation, of 100% interest in a new land position with strong gold potential located south of the regional Lower Detour Fault. This new claim block consists of 148 map-designated cells and significantly increases the size of the La Peltrie property, located about 25 kilometres southeast of the Lower Detour area held by Detour Gold Corp. (“Detour Gold”).
Last year, Detour Gold announced a series of significant drilling results from the Lower Detour area, located about 6 kilometres south of the Detour Lake mine, currently in operation and where mineral reserves stand at 15.0 Moz Au. Drill intersections reported from the Lower Detour area show significant gold grades reaching up to 11.82 g/t Au over 32.40 metres and 12.74 g/t Au over 28.0 metres (see press release by Detour Gold dated June 2, 2014). Detour Gold is starting a 30,000 metres drilling program ($5M) over that new high grade gold zone (see press release by Detour Gold April 28, 2015).
The La Peltrie property now consists of 330 claims totalling about 180 square kilometres; it covers, over more than 25 kilometres, a series of inferred subsidiary faults trending NW-SE to the south of the regional Lower Detour Fault. The new claim block also encompasses two historical copper showings which graded in drill holes: 1.70% Cu over 0.50 metre and 0.52% Cu over 0.50 metre in quartz veins (Source: SIGEOM, NTS sheet 32E14; GM47631). In addition, historical drill intersections dating from the 1960s and located about 800 metres east of the property limits yielded gold values grading up to 3.0 g/t Au over 2.0 metres and 4.0 g/t Au over 0.30 metre, in felsic breccias with pyrite and chalcopyrite mineralization (Source: SIGEOM, NTS sheet 32E14; GM 22497).
This property is largely underlain by calc-alkaline mafic to felsic volcanic rocks of the Brouillan Group and tholeiitic mafic rocks of the Fenelon-Brouillan Group. It is located about 25 kilometres northwest of the former Selbaie mine, which historically produced 56.5 Mt grading 1.9% Zn, 0.9% Cu, 38.0 g/t Ag and 0.6 g/t Au. The eastern part of the La Peltrie property is located about 1.3 kilometre southwest of the B26 and East Zone gold-copper deposits held by SOQUEM INC. (“SOQUEM”) which host respectively historical resources of 600,000 metric tonnes grading 2.9 g/t Au and 2.8% Cu and 750,000 metric tonnes grading 2.0% Cu and 0.4 g/t Au (Source: SOQUEM website).
The west part of the property is underlain by tholeiitic mafic to intermediate volcanic rocks of the Enjalran-Bapst Group, which are intruded by a series of N-S-trending diabase dykes. The granodioritic to dioritic syntectonic Carheil Pluton lies in the central part of the property. A summer field program is currently in preparation and will include line cutting, ground geophysics, mapping and prospection. A map showing the location of the La Peltrie property with the new claim block may be consulted using the following link: http://media3.marketwire.com/docs/LaPeltrieMay.pdf
Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, PGE, base metals and rare earth elements. Midland is proud to count on reputable partners such as Teck Resources Limited, Agnico Eagle Mines Limited, SOQUEM Inc., Sphinx Resources Limited and Japan Oil, Gas and Metals National Corporation. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Company portfolio and generate shareholder value.
This press release was prepared by Mario Masson, VP Exploration for Midland, certified geologist and Qualified Person as defined by NI 43-101. For further information, please consult Midland’s website or contact:
Gino Roger, President and Chief Executive Officer
Tel: 450 420-5977
Fax: 450 420-5978
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.