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Midland and SOQUEM Discover a New Gold-Bearing Boulder and

MONTREAL, Dec. 16, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership with SOQUEM, is happy to announce the acquisition of 160 claims based mostly on the newest outcomes of a reconnaissance marketing campaign performed final summer season below the Labrador Trough Strategic Alliance concluded in February 2021.

Highlights:

  • Discovery of a gold-bearing boulder (40.8 g/t Au) within the Lac à Terre Rouge space
  • New Zn-Cu displaying (5.64% Zn, 0.14% Cu) positioned 4.5 km northwest of the Lac Lelièvre displaying
  • Lac Lelièvre displaying prolonged 25 m to the northwest (0.17 g/t Au, 30 g/t Ag, 2.3% Zn, 472 ppm Cu, 0.6% Pb)

The new gold-bearing boulder is positioned roughly 125 km south of Kuujjuaq, within the Lac à Terre Rouge space. A seize pattern taken from a metre-scale boulder yielded a grade of 40.8 g/t Au. Gold seems to be related to quartz veins and pyrite mineralization. The space up-ice from this boulder has seen little or no exploration. A complete of 148 claims had been acquired on this space.

In the Lac Lelièvre space, 95 km south of Kuujjuaq, seize pattern outcomes efficiently prolonged the horizon internet hosting the Lac Lelièvre displaying (Cu-Zn) by one other 25 m to the northwest. The seize pattern yielded grades of two.3% Zn, 0.48% Cu, 0.17 g/t Au and 30 g/t Ag. A second pattern collected some 4.5 km northwest of the Lac Lelièvre displaying returned 5.64% Zn and 0.14% Cu. These samples are related to large to semi-massive sulphides in metasedimentary rocks. The large sulphides include pyrrhotite, chalcopyrite and sphalerite. The Zn, Cu, Au, Ag, As, Pb, Sb metallic signature of those samples is typical of Besshi-type VMS deposits. Twelve (12) new mining claims had been added north of the Lelièvre declare block to cowl these new outcomes.

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These outcomes verify the superb potential of the Labrador Trough for quite a few kinds of mineral deposits, together with in areas which have remained underexplored till now. Midland and SOQUEM are planning on returning within the Labrador Trough for 2 (2) exploration campaigns in the course of the summer season of 2022.

Cautionary assertion:

Note that seize pattern grades is probably not consultant of mineralized zones.

Quality management

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Rock samples from the challenge are analyzed by customary fire-assay on 30-gram fractions with atomic absorption end (Au-AA23) or gravimetric end (Au-GRA21) at ALS Laboratories in Val-d’Or, Quebec, or Sudbury, Ontario. All samples are additionally analyzed for multi-elements utilizing the four-acid ICP-MS technique. Exploration packages are designed, and outcomes are interpreted by Qualified Persons using a Quality Assurance/Quality Control program according to business greatest practices, together with using requirements and blanks for each 20 samples.

About Midland

Midland targets the superb mineral potential of Quebec to make the invention of recent world-class deposits of gold, platinum group components and base metals. Midland is proud to rely on respected companions reminiscent of SOQUEM Inc., BHP Canada Inc., Rio Tinto Exploration Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Development Corp., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to rapidly conclude further agreements in regard to newly acquired properties. Management is at present reviewing different alternatives and initiatives to construct up the Corporation portfolio and generate shareholder worth.

About SOQUEM

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SOQUEM, a subsidiary of Investissement Québec, is devoted to selling the exploration, discovery and growth of mining properties in Quebec. SOQUEM additionally contributes to sustaining robust native economies. Proud companion and ambassador for the event of Quebec’s mineral wealth, SOQUEM depends on innovation, analysis and strategic minerals to be well-positioned for the long run.

This press launch was ready by Mario Masson, P.Geo., VP Exploration for Midland and Qualified Person as outlined by NI 43-101.

For additional info, please seek the advice of Midland’s web site or contact:
Gino Roger, President and Chief Executive Officer
Tel.: 450 420-5977
Fax: 450 420-5978
Email: [email protected]
Website: www.midlandexploration.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that time period is outlined within the insurance policies of the TSX Venture Exchange) accepts accountability for the adequacy or accuracy of this launch.

This press launch could comprise forward-looking statements which are topic to identified and unknown dangers and uncertainties that would trigger precise outcomes to differ materially from focused outcomes. Such dangers and uncertainties embody these described in Midland’s periodic reviews together with the annual report or within the filings made by Midland once in a while with securities regulatory authorities.

Photos accompanying this announcement can be found at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/e7f7b581-e6f6-46a4-8763-6bef555df4d3

https://www.globenewswire.com/NewsRoom/AttachmentNg/79e78255-44c9-4581-b4b0-be3d96de8b56

https://www.globenewswire.com/NewsRoom/AttachmentNg/82c51204-8b19-4815-8372-6209cf106a96

https://www.globenewswire.com/NewsRoom/AttachmentNg/699861f7-ea79-41a1-a08c-092b2c5fa18d

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