Midland and Altius Provide an Update ON Their Shire (Zinc) and Moria (Nickel) Projects
MIDLAND AND ALTIUS PROVIDE AN UPDATE ON THEIR SHIRE (ZINC) AND MORIA
(NICKEL) PROJECTS
Montreal, November 30th, 2017. Midland Exploration Inc. (“Midland”) (TSX -V: MD) and Altius
Minerals Corporation (“Altius”) (TSX: ALS) are pleased to announce the results of channel sampling
from their Moria nickel and Shire zinc projects in the James Bay area.
The Shire Project is located in an underexplored area about 80 kilometers east of Nemaska, Quebec . It
was initiated following the discovery of a Zn-bearing exhalative horizon in July 2017 (O’Connor
showing) that returned up to 7.53% Zn in grab sampling ( note that grab samples are selective by nature
and values reported may not be representative ). Several channel samples were collected at O’Connor in
October. The easternmost channel yielded 4.85% Zn over 1.17 m. This includes a section of pyrrhotite-
pyrite-sphalerite massive sulfides that yielded 5.46% Zn, 0.11% Cu, 11 g/t Ag over 0.73 m , and a
quartz-sphalerite-pyrite exhalite that yielded 3.88% Zn over 0.45 m (note that all thicknesses reported in
this press release are apparent thicknesses; true thicknesses cannot be determined at this time). The
zinc-bearing sulfide zone is open to t he north (across strike) and east (along strike) , under thicker
overburden. Other channels to the west sampled intervals of massive pyrrhotite-pyrite as well as a quartz-
pyrite exhalite that returned anomalous base metal values. Based on these new results, zinc mineralization
at O’Connor is now interpreted as the edge of a volcanogenic massive sulfide (“VMS”) orebody.
The Mori a project is located about 12 kilometers southeast of the Clearwater Au deposit and 25
kilometers east of Hydro -Quebec’s Eastmain-1 dam. The project was initiated in August 2017 with the
discovery of the Gimli Ni-Cu-Co showing that returned up to 1.13% Ni, 0.11% Cu, 0.07% Co in grab
samples. The area was mapped as a large dioritic intrusion that had been overlooked in past exploration
campaigns. Channel sampling on Gimli in October yielded 0.80% Ni, 0.06% Co, 0.075% Cu over 0.8 m
in a weakly mineralized meta -pyroxenite. The zone is open to the north under thicker overburden. The
rest of the discovery outcrop contains lower grade nickel mineralization, with 0.19% Ni / 0.5 m on the last
sample to the south. Assay results indicate a perfect nickel-sulfur correlation, which suggests that most of
the nickel is found in sulfides and not in refractory silicates. Calculated metal tenors (grades normalized
to 100% sulfides) at Gimli are around 14% Ni (see details in the table at the end of this release).
Midland and Altius are very pleased by the results of the fall exploration campaign on Moria and Shire. A
mechanical trenching campa ign on the Gimli nickel and O’Connor zinc showings is being planned and
will be conducted at the earliest time next spring. The campaign will also include mechanical trenching of
highly potential electromagnetic anomalies outlined in the VTEM survey completed in October (see
November 1st press release for details).
Maps of the channel samples as well as photos of the mineralization are available at :
http://media3.marketwire.com/docs/MIDLAND_3011.pdf.
Grades for Channel #1 on the O’Connor showing
Sample From
m
To
m
Length
m
Zn
%
Cu
%
Ag
g/t
W179835 0 0.73 0.73 5.46 0.11 11.2
W179836 0.73 1.18 0.45 3.88 0.004 0.7
Grades for the Gimli showing channel, with calculated Ni tenors* (grades normalized to 100% sulfides)
Sample From
m
To
m
Length
m Ni % Co
%
Cu
%
S
%
% Ni at
100%
sulfides*
W179809 0 0.5 0.5 0.188 0.012 0.021 0.31 --
W179808 0.5 1 0.5 0.123 0.097 0.026 0.21 --
W179807 1 1.5 0.5 0.101 0.010 0.027 0.11 --
W179806 1.5 2 0.5 0.100 0.009 0.02 0.12 --
W179805 2 2.5 0.5 0.079 0.009 0.03 0.08 --
W179804 2.5 3 0.5 0.074 0.010 0.01 0.04 --
W179803 3 3.5 0.5 0.783 0.056 0.088 2.14 13.48
W179802 3.5 3.8 0.3 0.825 0.047 0.061 2.16 14.05
*Ni tenors were calculated according to Barnes and Lightfoot (2005), using the formula: Concentration
(100% sulfides of a chalcophile element) = Concentration (whole-rock of the chalcophile element) * 100 /
(2.527 * S% + 0.3408 * Cu% + 0.4715 * Ni%). --: S values too low for 100% recalculation.
Quality control
Rock samples on the project are assayed by standard 30 gram fire-assaying with AA 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% 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 emp loying a Quality Assurance/Quality Control program consistent
with industry best practices, including the use of standards and blanks with every 20 samples.
About Altius
Altius directly and indirectly holds diversified royalties and streams that gen erate revenue from 15
operating mines. These are located in Canada and Brazil and produce copper, zinc, nicke l, 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. In
addition, Al tius 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 43,208,291 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.
About Midland
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 Altius Resources Inc. , Agnico Eagle Mines Limited, Teck Resources
Limited, IAMGOLD Corporation, Osisko Mining Inc., SOQUEM INC., Altius Minerals Corporation,
Japan Oil Gas and Metals National Corporation, NioBay Metals Inc. and Abcourt Mines Inc. Midland
prefers to work in par tnership 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 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. 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]
Web : 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.