Midland Acquires New Property Near Balmoral's NI-Cu-PGE Discovery on Grasset
Montreal, June 19, 2014. Midland Exploration Inc. ("Midland") (TSX-V: MD) is pleased to report the acquisition, by map designation, of a new property with strong gold and Ni-Cu-PGE potential, located about 5 kilometres south of the recent Ni-Cu-PGE and gold discovery made by Balmoral Resources Ltd ("Balmoral") on the Grasset project. Recently, Balmoral announced the discovery of a high-grade Ni-Cu-PGE zone, with values up to 1.79% Ni, 0.19% Cu, 0.42 g/t Pt, and 1.04 g/t Pd over 45.28 metres including an interval grading 10.6% Ni, 0.45% Cu, 2.04 g/t Pt, and 5.23 g/t Pd over 1.10 metres (see press release by Balmoral dated May 20, 2014).
This newly acquired property, wholly owned by Midland and called Samson, comprises 528 claims covering a surface area of about 290 square kilometres. Ninety (90) cells out of 528 are currently being processed by the Ministère des Ressources Naturelles and will be registered shortly. This property covers, over a strike length of more than 20 kilometres, a series of strongly magnetic sills located just south of the regional Lower Detour Fault, also known for its gold potential. In addition, lithogeochemistry data from historical drill holes indicate the presence of ultramafic sills, thus confirming the potential for magmatic Ni-Cu-PGE mineralization on the Samson property. Data from airborne Input electromagnetic surveys indicate the presence of several conductors coinciding with magnetic sills, which have never been drill-tested and thus represent potential high-priority targets.
The Samson property is mainly underlain by tholeiitic basalts with felsic bands intruded by a series of mafic to ultramafic sills of the Brouillan North Group. A few historical drill holes dating from the year 2000 and bordering the Samson property yielded interesting gold values such as 9.94 g/t Au over 0.20 metre, 2.28 g/t Au over 1.70 metres, and 1.02 g/t Au over 5.90 metres (Source: Sigeom NTS sheet 32E16; GM 55989 and 58259).
Maps showing the location of the Samson property may be consulted using the following link: http://media3.marketwire.com/docs/Samson%20Acquisition%20June%202014.pdf
About Midland
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 Teck Resources Limited, Agnico Eagle Mines Limited, Donner Metals Ltd., Maudore Minerals Limited, Japan Oil, Gas and Metals National Corporation 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 Mario Masson, VP Midland Exploration and Qualified Person as defined by NI 43-101. 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 E-mail: [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 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.
ABITIBI GOLD PROJECTS Midland Casault Project (Au)
DETOUR LAKE Midland Samson N New Project (Ni-Cu-PGE & Au)
Reserves of 15.5 Moz Au
SELBAIE Midland /Donner Valmond Project (Au)
MATAGAMI CAMP CASA BERARDI Mafic Volcanics (Hist. Production)
> 2 Moz Au Felsic Volcanics Ultramafics VEZZA PROJECT Sediments Mafic Intrusives Midland Jouvex Felsic Intrusives Midland/Maudore Project (Au)
DOUAY PROJECT Laflamme JV (Au-Ni-Cu-PGE)
GEANT DORMANT (Hist. Production)
> 1 Moz Au
COMTOIS Inferred Resource 43-101 of 1.2 Moz Au
HOLLOWAY – MCDERMOTT Midland/Teck BEATTIE & DONCHESTER (Hist. Production)
3.8 Moz Au (Hist. Production) Patris Project (Au)
TIMMINS (Hist. Production) 1.5 Moz Au > 70 Moz Au Midland/Agnico Eagle Maritime Cadillac JV (Au)
Destor-Porcupine Fault Zone
Midland Héva KIRKLAND LAKE / LARDER LAKE (Hist. Production) New Project (Au)
Larder Lake-Cadillac Break 38.8 Moz Au
VAL D’OR (Hist. Production)
ROUYN-NORANDA DOYON—BOUSQUET 18.4 Moz Au MALARTIC (Hist. Production) (Hist. Production)
Proven & Probable 19.5 Moz Au > 25 Moz Au 0 50 100 Reserves 43-101 of 10.7 Moz Au Midland Gold Projects Gold Camps, Mines & Projects
kilometers Warning : The historical productions (onces of gold) indicated on this figure represents only estimates and are not 43-101 compliant.
SAMSON NEW ACQUISITION
Balmoral Martiniere Balmoral Grasset New Ni-Cu-PGE Discovery & Bug Lake Zones 1,138 g/t Au over 4.8 m Detour Lake Mine 1.79% Ni, 0.19% Cu, 0.42 g/t Pt, 1.04 g/t Pd Casault Project (Au)
Reserves 15.5 Moz Au over 45.28 metres
Former Selbaie Mine Prod. 56.5 Mt @ 0.9% Cu, 1.9% Zn, 38 g/t Ag , 0.6 g/t Au Valmond Project (Au) Mafic Volcanics B-26 Zone Donner Opt Felsic Volcanics Ultramafics Sediments Samson New Project Mafic Intrusives (Ni-Cu-PGE & Au)
Jouvex Project (Au) Felsic Intrusives
Casa Berardi Mine Reserves 1.4 Moz Au Douay
Midland New Samson Property Balmoral (Martiniere-Fenelon-Grasset) Properties Midland Properties