MONTREAL, QUEBEC–(Marketwired – April 26, 2016) – Midland Exploration Inc. (“Midland”) (TSX VENTURE:MD) is pleased to announce beginning field exploration program on the Willbob Gold Project own 100% by Midland. This summer field exploration program will involve prospecting, geological mapping and channel sampling guided by an upcoming helicopter-borne high resolution magnetic survey.
Prospecting carried by Midland during the 2014 and 2015 summers led to the discovery of several new high-grade gold showing (see press release date August 26, 2015). Among numerous anomalous gold values found, the best grab sample returned 77.5 grams per tonne gold (“g/t Au”). (Please note that the indicated values in this press release may not be representative of the mineralized zone). Subsequent assay results release have indicated the discovery of new gold showings in the Dupuis East and Golden Tooth areas (see press release dated October 6, 2015), among which the best gold value returning 25.2 g/t Au (grab sample); this last showing forms a mineralized corridor that stretches over 200 meters (“m”) long. Further prospecting also led to the discovery of two strongly altered and mineralized zones in the southern part of the property located 10 kilometres south of the Kuni Showing (19.8 g/t Au – grab sample). Hosted in a calcite and ankerite altered quartz diorite, the first showing returned 4.6 g/t Au (grab sample) coming from a submetric smoky quartz and albite hydrothermal breccia with trace disseminated arsenopyrite. The next showing, 500 metres south, returned 1.0 g/t Au (grab sample) from a sheared rusty quartz diorite with 1% disseminated arsenopyrite.
The Willbob property also covers two historical, more worked gold showings, named the Willbob and Dessureault showings. Historical channel sampling and diamond drilling on the Dessureault showing have returned metric anomalous gold values with the best one returning 12.13 g/t Au over 3.18 m in channel and 4.53 g/t over 7.6m in drill hole. Note that the widths indicated in this press release may not be true thickness by lack of sufficient geological information. Gold zones are marked by arsenopyrite-chalcopyrite-galene-pyrite bearing grey quartz veining in carbonate-quartz altered iron formation. On the other hand the best anomalous gold values on the Willbob showing, never drilled, returned 21.9 g/t Au in grab sample and 2.9 g/t Au over 3.9m in channel. The gold mineralisation is hosted in a mylonite (strongly crushed rock) with a gabbroic protolith in contact with metasediments. In the gabbro, the alteration processes responsible for the carbonates-Fe-chlorite-muscovite-epidote assemblage, is believed to be late-tectonic. Structural analysis indicates that Dessureault is found in kilometric multi-folded structures whereas the Willbob Showing is found in sheared sub-parallel structure with the stratigraphy. Both late-tectonic epigenetic showings are interpreted to be orogenic gold occurrences. Inferred by the mineralogy, the metallic signature of the gold mineralisation is Au-As-Cu-Pd-Zn-Na-S.
So far in the area, a total of seventy two (72) grab samples returned more than 1.0 g/t Au and twenty three (23) more than 3.0 g/t Au along two parallel north-north-west south-south-west (“NNW-SSE”) sheared corridors that cross the Willbob Project. Thus far, like orogenic deposits, these showings features strong iron carbonates, fushchite (chromitic mica) and silicate alterations with arsenopyrite, chalcopyrite, pyrrhotite and pyrite disseminations observed over 10 to 100m width zones and traceable discontinuously over more than 10 kilometers.
The airborne survey will entirely cover the Willbob property which stretches NNW-SSE over more than 30 kilometres by 7 kilometers wide. To cover the survey area with a 100m lines spacing option, a total of 2164 line-kilometre will be flown at an average 30m altitude with reading every 3.3m. The survey shall be completed by the end of April. Midland is very trilled by this project which demonstrates the great potential of the region to host significant Au mineralization.
The Willbob Project comprises 318 mining titles covering 140 square kilometres and located approximately 70 kilometres west of Kuujjuaq (Québec). Altogether, the mining titles cover multi-folded metavolcano-sedimentary rocks which are injected by numerous gabbroic and ultramafic sills.
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, 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 or contact:
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.