Midland and Altius Discover New Copper-Gold-Molybdenum-Silver and Gold Showings in James Bay
Midland and Altius Discover New Copper-Gold-Molybdenum-Silver and Gold
Showings in James Bay
MONTREAL, Aug. 14, 2018 -- Midland Exploration inc. (“Midland“) (TSX-V : MD) and Altius Minerals Corporation (“Altius”)
(TSX:ALS) are pleased to announce the discovery of new Cu-Mo-Au-Ag and Au showings in James Bay, Quebec. These
showings were found during a regional project generation program performed in June.
The new Lothlorien project is located about 7 kilometers south of the Trans-Taïga road. The project, comprising 38 claims, was
staked after the discovery of high-grade copper, gold, molybdenum and silver. The area was visited to investigate a Mo-Cu
showing found by Quebec government geologists in 2010 (“Pamela” showing), which has not had any additional reported work.
The resampling of the original Pamela showing returned 0.47% Mo in a grab sample ( note that grab samples are selective by
nature and values reported are not representative of mineralized zones).
The new Galadriel showing was found about 50 meters to the west of Pamela. All four grab samples collected on Galadriel
returned high-grade Cu-Mo-Au-Ag values, up to 7.19% Cu, 0.70% Mo, 4.3 g/t Au and 61 g/t Ag . It occurs as disseminated to
semi-massive chalcopyrite and disseminated molybdenite within garnet-muscovite paragneiss.
Finally, the new Cu-Au-Ag Celeborn showing occurs as subcrop located about 225 meters west of the Pamela showing.
Mineralization is found as magnetite-chalcopyrite stringers/clusters and as quartz-chalcopyrite veins in paragneiss. Values up
to 2.37% Cu, 21.2 g/t Ag and 0.66 g/t Au were returned from three grab samples. The complete assays are included as a
table attached to this press release. The three showings form an E-W mineralized trend that is 225 meters long and is open in
both east and west directions. The Cu-Mo-Au-Ag signature of the mineralization points to a magmatic-hydrothermal system
associated with felsic intrusions.
The new Fangorn Au project is located about 35 kilometers southeast of Hydro-Quebec’s LG-3 airport and of the Trans-Taïga
road. The project was initiated following the discovery of a gold-bearing felsic dyke that returned 5.62 g/t Au associated with
high Mo (143 ppm) and Bi (263 ppm) in a grab sample. The dyke is found within a volcanosedimentary sequence that includes
paragneisses, iron formations and ultramafic intrusives. The Au-Mo-Bi geochemical signature and the felsic intrusive host rock
suggest an intrusion-related gold system. The Fangorn project comprises 16 map-staked claims.
Quality Control
Rock samples on the project are assayed by standard 30-gram fire-assaying with ICP 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. Samples that exceed 1% copper, zinc or nickel are reanalyzed by four-acid ICP-AES optimized for high grades.
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., Nuvavik Mineral
Exploration Fund, 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.
About Altius
Altius directly and indirectly holds diversified royalties and streams that generate revenue from 15 operating mines. These are
located in Canada and Brazil and produce copper, zinc, nickel, cobalt, iron ore, potash and thermal (electrical) and
metallurgical coal. The portfolio also includes numerous pre ‐development stage royalties covering a wide spectrum of mineral
commodities and jurisdictions. It also holds a large portfolio of exploration stage projects which it has generated for deal
making with industry partners that results in newly created royalties and equity and minority interests.
Altius has 43,215,026 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange under the
trading symbol ALS. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.
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.
Photos accompanying this announcement are available at:
http://www.globenewswire.com/NewsRoom/AttachmentNg/7977167f-aba2-4f51-aee4-9394a3033787
http://www.globenewswire.com/NewsRoom/AttachmentNg/7330916c-6913-4414-b6ff-65a7f87b3e28
http://www.globenewswire.com/NewsRoom/AttachmentNg/c1b809c4-fd3d-415f-95ee-5a0a3727e905