MONTRÉAL, QUÉBEC–(Marketwired – Jan. 13, 2016) – Midland Exploration Inc. (“Midland”) (TSX VENTURE:MD) is pleased to announce acquiring by map designation the mineral right of the Dessureault high-grade gold showing located immediately north of the Willbob Property own 100% by Midland. Inscription certificates by Quebec’s Ministry of Natural Resources and Wildlife are pending. This new acquisition secures the Willbob gold property that now stretches over more than 31 kilometres of favourable geology.
The Dessureault showing was found back in 1987 by Noranda Exploration (“Noranda”) who completed several exploration programs from 1987 to 1989. In 1987, Noranda discovered many auriferous showings with high-grade gold values ranging from 4.1 to 15.0 grams per tonne (“g/t Au”). The next year, Noranda cut eight channels over the main showing from which 59 of 109 decimetric channels sampled returned gold values varying from 3.0 to 31.6 g/t Au. Among them, the best channels returning 12.1 g/t Au over 3.2 metres; 11.9 g/t Au over 0.98 metre; 9.9 g/t Au over 1.1 metre and 8.4 g/t Au over 0.72 metre. The mineralization is disseminated to massive and hosted in iron formation characterized by intense iron carbonate and quartz alteration and fuschite (chromiferous mica) in gabbro and mainly composed of pyrite, pyrrhotite and some arsenopyrite.
From 1988 to 1989, Noranda drilled thirteen holes outlining a mineralized corridor measuring 200 metres long by 50 metres deep. As of now, the mineralization is open in all directions. Among the best historical drill intersections are: 4.6 g/t Au over 7.6 metres including 3.9 g/t Au over 2.8 metres in drill hole LR-88-02; 1.6 g/t Au over 7.7 metres including 3.0 g/t Au over 2.75 metres in drill hole LR-88-03; 1.4 g/t Au over 8.1 metres including 3.0 g/t Au over 2.8 metres in drill hole LR-88-04; 9.8 g/t Au over 0.75 metre in drill hole 44-89-10 and 7.8 g/t Au over 0.77 metre in drill hole 44-89-11.
Thus far, prospecting carried by Midland during the summer of 2015 led to the discovery of several new high-grade gold showing (see press release date August 26, 2015). These new showings have returned gold values reaching up to 77.6 g/t Au. Recent assay results release has indicated the discovery of new gold showings in the Dupuis East and Golden Tooth areas ( see press release dated October 6, 2015) that returned gold values reaching 25.2 g/t Au; in one case over a 200 metres long mineralized corridor. Prospecting carried out this fall has also led to the discovery of two strongly altered and mineralized in the southern part of the property located 10 kilometres south of the Kuni Showing (19.8 g/t Au). The first showing returned 4.6 g/t Au coming from a submetric vein of smoky quartz and albite with trace disseminated arsenopyrite wrapped by calcite and ankerite hosted in a quartz diorite. The next showing, 500 metres south, returned 1.0 g/t Au from a sheared rusty quartz diorite with 1% disseminated arsenopyrite. Nearby, along the same mineralized corridor, seven grab samples returned anomalous gold with values ranging from 0.11 to 0.25 g/t Au.
With the addition of 51 new claims, the Willbob property, hundred percent (100%) own by Midland, now comprises 309 mining titles covering 136 square kilometres and located approximately 70 kilometres west of Kuujjuaq (Québec). Midland is very thrilled by this project and is planning to resume exploration this year with more geological mapping, channel sampling and by prospecting his new claims.
Maps showing the location of the new Willbob claims may be consulted using the following link: http://media3.marketwire.com/docs/1039187_1.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 Japan Oil, Gas and Metals National Corporation, Teck Resources Limited, Agnico Eagle Mines Limited, Sphinx Resources and SOQUEM Inc. 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 Robert Banville, senior geologist for Midland and Qualified Person as defined by NI 43-101. For further information, please consult Midland’s website.
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.