Midland Acquires Important Nickel-Copper Strategic Position Adjacent to RIO Tinto IN the Grenville
MIDLAND ACQUIRES IMPORTANT NICKEL-COPPER STRATEGIC POSITION
ADJACENT TO RIO TINTO IN THE GRENVILLE
Montreal, February 23, 2021. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to
report the acquisition of an important strategic position adjacent to Rio Tinto Exploration Canada Inc.
(“Rio Tinto ”) for nickel -copper (“Ni-Cu”) in the Grenville . This im portant strategic position is
located northeast of the town of La Tuque in the Mauricie region and consists of 815 claims wholly
owned by Midland and acquired by map designation, in addition to the 56 claims of the Tête Nord
project acquired from Les Ressources Tectonic Inc. (“Tectonic”).
This new acquisition totals 871 claims divided into five (5) main claim blocks covering a surface area
of approximately 510 square kilometres in mafic and ultramafic rocks of the La Bostonnais Complex
north of La Tuque. The la rgest claim block is located south of the former Lac Edouard mine, which
historically produced 50,000 tonnes grading 1.50% Ni and 0.50% Cu (Source: SIGEOM NTS sheet
31P09). With this land position, Midland becomes one of the top two claimholders in this part of the
Grenville, the other major landholder being Rio Tinto.
Acquisition of Tectonic’s Tête Nord project
In November 2020, Midland acquired the Tête Nord proper ty from Tectonic. Midland acquired 100%
interest in the pro perty in exchange for three cash payments totalling $100,000 to Tectonic over a
period of two year s, including $30,000 upon execution of the acquisition agreement. Compensation
also includes a 2% Net Smelter Return (“NSR”) royalty, which may be bought back for an a mount of
$1.5 million for each tranche of 1% NSR.
This property hosts a few mineral occurrences, including the Savane showing, located approximately
25 kilometres south of the former La c Edouard mine, consisting of a Ni -Cu showing disc overed by
prospecting in 199 5 in a pyroxe nite, where historical values of 1.80% Ni and 0.20% Cu were
reported in grab samples. Calculated nickel tenors (grades normalized to 100% s ulfides) a t Savane
averages 3.5 % Ni. Another grab sample from a subcropping boulder also yielded grades of 1.98% Ni
and 0.46% Cu about 250 metres north of the Savane showing ( Source: SIGEOM NTS sheet 31P07;
GM55352). Bedrock exposures in the Savane area e xhibit unde formed magmatic brecc ia textures,
indicative of a dynamic system conducive to the emplacement of Ni-Cu mineralization. No historical
drilling has been reported in this favorable area.
The property also hosts a gold -bearing VMS-type sh owing, loca ted approximately 4 kilometres
northeast of the Savane showin g, which historically yielded grades up to 0.64% Zn, 0 .22% Cu and
1.60 g/t Au over 9.04 metres in drill hole SM-99-03 (Source: SIGEOM NTS sheet 31P07; GM56607).
This drill interce pt is located a mere 30 metres below surface and remains complete ly open at depth
and along strike. In addition, several VTEM conductors have yet to be tested along the southwest
extension of the showing.
Midland is currently conduct ing a detailed co mpilation of previous work in preparation for its first
exploration campaign scheduled to begin in the summer of 2021.
Cautionary statements:
Mineralization occur ring at the for mer Lac E douard mine is not ne cessarily indicat ive of
mineralization that may be found on the new claims and the Tête Nord property held by Midland.
True thickness es cannot be determined with the information cu rrently available; intervals are t hus
reported in core length.
About Midland
Midland targets the excellent mineral potential of Quebec to make the discovery of new w orld-class
deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable
partners such as BHP Bi lliton Ca nada Inc., Probe Metals Inc. , Wallbridge Mining Company Ltd,
Agnico Eagle Mines Limited, Osi sko Development Corp., SOQUEM INC., Nunavik Mineral
Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to
quickly conclude additional agreements in reg ard 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, VP Exploration for Midland, certified geologist and
Qualified Person as defined by NI 43 -101. For furthe r 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.midlandexploration.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 act ual resul ts to vary materially from t argeted results. Such risks and
uncertainties include those desc ribed in Midland’s periodic reports in cluding the annual report or in the filings
made by Midland from time to time with securities regulatory authorities .
CEINTURE AURIFÈRE DE L’ABITIBI
Midland/Agnico Eagle (Au)Midland/Wallbridge (Au)
Midland /SOQUEM (Zn) Midland Weedon (Cu-Zn-Au)
Midland/ Abcourt (Au)
Midland Willbob (Au)
Midland / Osisko(Au)
Midland / Mythril (Cu-Au-Mo-Ag)
Midland / BHP (Ni-Cu-Co)Midland Pallas (PGE)
1
Midland/Probe Metals (Au)
MIDLAND PROJECTS IN QUEBEC – NEW TÊTE NORD NI-CU
NEW TÊTE NORD NI-CU ACQUISITION
THE NEXT MAJOR DISCOVERER IN QUEBEC
Midland/ NMEF (Ni-Cu-Co)
2
TÊTE NORD PROJECT LOCATION
THE NEXT MAJOR DISCOVERER IN QUEBEC
Midland Claims
Tectonic Claims
SOQUEM
Showing
Rio Tinto Claims
Active Claims
(others)
Claim Pending
Enertourbe
Canada Silver
TDEM
Savane Ni-Cu
Up to 1.98% Ni, 0.46% Cu
Up to 1.80 % Ni, 0.20% Cu
Tête Nord Zn-Cu-Au (VMS)
Lac Edouard Mine Ni-Cu
Kiskissink Ni-Cu
Cabouron Cu
Rochette Ni-Cu
La Tuque
(871 claims)
Ni-Cu Showings
Lac Curé Ni-Cu
3
Magmatic breccia in pyroxenite
• Indicative of a dynamic magmatic system
favorable for Ni-Cu deposits
Mineralized Ni-Cu breccias in pyroxenite
• Up to 1.98% Ni, 0.46% Cu (Boulder field)
• Up to 1.80% Ni, 0.20% Cu (Grab sample)
SAVANE : A DYNAMIC MAGMATIC SYSTEM
THE NEXT MAJOR DISCOVERER IN QUEBEC
4
Massive sulphides
THE NEXT MAJOR DISCOVERER IN QUEBEC
TÊTE NORD : A GOLD-BEARING VMS SYSTEM
5
THE NEXT MAJOR DISCOVERER IN QUEBEC
TÊTE NORD : LONGITUDINALE SECTION
0.64%Zn, 0.22%Cu, 1.6 g/t Au over 9.04 m