MONTREAL, QUEBEC–(Marketwired – Nov. 25, 2015) – Midland Exploration Inc. (“Midland”) (TSX VENTURE:MD) is pleased to announce the beginning of a ground geophysics program consisting of an induced polarization (“IP”) and ground magnetic (“Mag”) survey on the Patris gold project located along splays of the prolific Destor-Porcupine fault zone. The Patris gold property is wholly owned by Midland and is currently under option to Teck Resources Limited (“Teck”) (see press release dated September 17 2013 for agreement terms).
The planned IP-Mag survey totalling approximately 18 kilometres with a line spacing of 200 metres, covers about 2.5 kilometers of the lateral strike extensions from drill hole PAT-15-05 which intersected a wide alteration zone with pyrite, chalcopyrite, galena, and molybdenite within syenite and ultramafic rocks strongly altered to fuchsite, quartz and carbonates. This alteration zone was intersected over a drill length of approximately 100 metres and locally yielded anomalous copper, molybdenum, silver, and lead values grading up to 82.6 g/t Ag, 0.10 g/t Au, 0.22% Cu and 1.0% Pb over 1.0 metre. The results of this geophysical program are expected during December in preparation for a new 2016 winter drilling program, subject to ongoing permitting efforts.
The wholly owned Patris project comprises 248 claims covering a surface area of about 100 square kilometres, located less than 10 kilometres northwest of the prolific Doyon/Westwood-Bousquet-La Ronde gold mining camp. The Patris property offers excellent gold potential as it covers the Manneville Fault over more than 8 kilometres and the La Pause Fault over more than 10 kilometres, both recognized as subsidiary faults to the well-known Destor-Porcupine Fault Zone.
About Midland Exploration
Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements, 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., Japan Oil and Gas and Metals National Corporation and Sphinx Resources Ltd. 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, Midland’s VP Exploration, certified geologist and Qualified Person as defined by NI 43-101.
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.
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