Midland Discovers New Gold Zones on the James Bay Gold Project, with up to 14.85 g/t Au in Grab Sampling
Montreal, August 29 2018. Midland Exploration inc. (“Midland“) (TSX-V : MD) is pleased to report the results of an exploration campaign on its wholly owned James Bay gold project. The June 2018 campaign was focussed on mechanical trenching and channeling of high-grade gold showings discovered in 2017 on the Lasalle block, as well as prospection on the Galinée block.
On Galinée, prospection focussed on the northeastern part of the block, where interesting gold values were obtained in 2015 (3.63 g/t Au; 1.07 g/t Au; 0.76 g/t Au). In the same area, a shear zone about 3 meters wide containing quartz-tourmaline veins with pyrite stringers yielded gold values of 14.85 g/t Au, 4.35 g/t Au and 0.67 g/t Au (“Elsa” showing) in grab samples (note that grab samples are selective by nature and values reported are not representative of mineralized zones). This mineral assemblage and mineralization style are typical of orogenic gold deposits. Four (4) of seven (7) samples collected in the shear zone yielded more than 0.1 g/t Au. The zone is still open to the east and west.
On Lasalle, the trenches mainly targeted a silicified and foliated amphibolite that had returned 22.6 g/t Au in a grab sample in 2017, as well as strongly anomalous copper, bismuth and molybdenum. Two channels separated by 3 meters yielded 3.08 g/t Au / 1.25 m, and 1.87 g/t Au / 1.25 m (note that all thicknesses reported in this press release are apparent thicknesses; true thicknesses cannot be determined at this time). The gold-bearing intervals occur in a onemeter wide sheared and altered zone within amphibolites, with disseminated chalcopyrite, pyrrhotite and pyrite. Some trenches also targeted a strong gold grain anomaly in till, but did not return any significant results.
A follow-up campaign on Galinée will be done in September. The Elsa showing will be trenched to further expose the mineralized zone, as well as channeled to better evaluate its gold grade.
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Quality Control
Rock samples on the project are assayed by standard 30 gram fire-assaying with AA or gravimetric finish at ALS Minerals laboratories in Val d’Or, Québec or Sudbury, Ontario. All samples are also analysed for multi-elements, using four-acid ICP–AES method. Exploration program design and interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with industry best practices, including the use of standards and blanks with every 20 samples.
The technical or scientific information in this press release has been prepared by Sylvain Trepanier, P.Geo., VP Exploration for James Bay and Northern Quebec at Midland, a “qualified person” as defined by NI 43-101.
About Midland
Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as Agnico Eagle Mines Limited, IAMGOLD Corporation, Osisko Mining Inc., Altius Minerals Corp., SOQUEM INC., NioBay Metals Inc. and Abcourt Mines 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.
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 Email: [email protected]
Website: www.explorationmidland.com
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.
New Lothlorien New Fangorn Property LaGrande Sud Property
Osisko Gold Royalties Ltd.
up-to 5.62 g/t Au N 350 000 oz at 1.5 g/t Au Cu-Mo-Au-Ag-Bi Felsic dyke Au-Mo-Bi Up-to 7.19% Cu Up-to 0.35% Mo Up-to 4.3 g/t Au
Osisko Gold Royalties Ltd.
Orfée Zone
Lasalle Property 95 000 oz at 14.5 g/t Au)
North Whip Showing: 5.68 and 4.08 g/t Au Golden Idol Showing: 9.10 g/t Au Curator Showing: up-to 22.0 g/t Au
Goldcorp Inc.
Éléonore Deposit
Reserves (P&P): 3.80 Moz at 6.02 g/t Au at 5.81 g/t Au Galinée Property Resources (M&I): 1.34 Moz
NEW Elsa Showing: 14.85, 4.35 g/t Au Resources (Inf.): 1.99 Moz at 7.31 g/t Au Sirios Ressources Inc.
Cheechoo Pankot’s Palace Showing: 5.22 g/t Au 56.4 g/t Au / 8.2 m
| Legend | |
| Symbols | |
| Midland Properties Midland Osisko JV Area of interest Excluded area Known Gold Showing | |
| Geology | |
| Granitic Rock Metasediment Tonalitic Rock Gneiss Mafic Metavolcanic |
Éléonore Centre Midland-Osisko JV Property High-grade Cu diorite Golden Gun: Up to boulder field, up to 18.80 g/t Au 8.28% Cu Stornoway Diamond Corp. Golden Gun West:
Renard Project
Up to 11.95 g/t Au Golden Gun South:
Up to 4.78 g/t Au
Osisko Gold Royalties Ltd.
Wabamisk
23.28 g/t Au over 4.6 m
Eastmain Ressources Inc.
Eastmain Ressources Inc. Eastmain Mine
Eau Claire Deposit 91 500 oz at 8.3 g/t Au (Measured) 50 km Resources (M&I): 826 000 oz at 6.16 g/t Au 788 600 oz at 9.10 g/t Au (Indicated)
Resources (Inf.): 465 000 Oz at 6.49 g/t Au Not NI 43-101 compliant
Galinée – Elsa Showing up-to 14.85 g/t Au
Tourmaline
Lasalle 2018 Channels
1.87 g/t Au 22.7 g/t Au / 1.25m (grab 2017)
3.08 g/t Au / 1.25m