Midland and Probe Expand Land Package at LA Peltrie and Provide an Update ON Their Exploration Programs IN the Detour Belt
MIDLAND AND PROBE EXPAND LAND PACKAGE AT LA PELTRIE AND PROVIDE AN
UPDATE ON THEIR EXPLORATION PROGRAMS IN THE DETOUR BELT
Montreal, October 6, 2020. Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership with
Probe Metals Inc. (“Probe”), is pleased to announce the acquisition of 104 new claims adjacent to the
La Peltrie option and to provide an update on the exploration program ongoing on both the la Peltrie
option and the Gaudet-Fenelon Joint Venture.
Highlights:
• Regional High Definition Heliborne Magnetics Survey Completed
• Regional Geochemical Surveys to be completed by November (1,220 samples)
• 42.5 kilometres of Induced Polarization (“IP”) survey completed on JV Property
• Additional 52 square kilometres of claims staked on the La Peltrie Option
• Drill Program Scheduled for Q1 2021
Gaudet-Fenelon JV property
The Joint Venture Gaudet-Fenelon property (50% Midland / 50% Probe), consists of 226 claims (125
square kilometres) covering 35 kilometres of the Lower Detour Gold Trend (“LDGT”) and is adjacent
to Walbridge Mining’s (“Wallbridge”) property hosting the Fenelon, Tabasco and Reaper gold zones.
Exploration highlights include historical drilling grading up to 11.4 over 0.6 metre and identification
of several Induced Polarisation (IP) ano malies targets along magnetic structures within the LDGT.
Summer 2020 exploration work consisted of a new 42.5-kilometre IP survey covering a structural
domain similar to the Fenelon Gold Zone. Results from the recently completed IP survey are expected
shortly. A property-wide geochemical sampling program is expected to be completed this fall and is
designed to prioritize IP anomalies and drill targets. To date, 400 of the 520 geochemical sample sites
have been taken across the property. Some local prospecting and geological mapping are also planned
in October. A high definition heliborne magnetics survey has been completed over the central part of
the property totaling 890 lines -kilometres. An additional 1050 lines -kilometres will be flown in
October to com plete the airborne magnetic coverage over the JV ground . A drill program is planned
for Winter 2021.
La Peltrie Option
The La Peltrie option consists of 539 claims ( 292 square kilometres) and covers more than 25
kilometres along a series of NW-SE-trending subsidiary faults to the south of the regional LD GT. The
property is adja cent and east of the Detour Lake mine property and south of Probe ’s 100% Detour
Quebec Main block property. In September, Probe began a work program on the La Peltrie option that
included a property -scale geochemical sampling program as well as a geologic mapping and
prospecting program. To date, 60 rock samples have been collected and 400 of the 700 geochemical
sample sites have been sampled across the property . Field crews will wo rk to complete the program
before the end of the fall work season. The goal of this program is to highlight areas of interest on the
property for follow-up IP work in 2021. In addition, Probe will complete a high definition heliborne
magnetics survey on the property during the month of October.
Cautionary statement:
Mineralization occurring at Fenelon, Tabasco and Reaper zones is not necessa rily indica tive of
mineralization that may be found on projects held by Midland/Probe described in this press release.
About Probe
Probe Metals Inc. is a leading Canadian gold exploration company focused on the acquisi tion,
exploration, and development of highly prospecti ve gold properties. The Company is commi tted to
discovering and developing high-quality gold projects, including its key asset the Val-d’Or East Gold
Project, Quebec. The Company is well-funded and controls a strategic land package of approximately
1,000-square-kilometres of exploration ground within some of th e most prolific gold belts in Quebec.
The Company was formed as a result of the sale of Probe Mines Limited to Goldcorp Inc. in March
2015. Newmont Corporation currently owns approximately 12% of the Company.
About Midland
Midland targets the excellent mi neral potential of Qu ebec to make the discovery of n ew world-class
deposits of gold, platinum group elements and base metals. Midland is proud t o count on reputab le
partners such as Probe Metals Inc., Wallbridge Minin g Company Ltd., BHP Bill iton Canada Inc .,
Agnico Eagle Mines Limited , Osisko Min ing Inc., SO QUEM INC., Nunavik 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. Ma nagement is currently reviewi ng
other opportunities and projects to build up the Company portfolio and generate shareholder value.
This press release was prepared by Mario Masson. P.Geo., VP Exploration for Midland an d Qualified
Person as defined by NI 43-101, who also approved the technical content of this press release.
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.midlandexploration.com
Neither TSX Venture Ex change nor its Regulation Serv ices Provider (as that term is defined in the
policies of th e TSX Venture Exchange) accepts resp onsibility for the adequ acy or accuracy of this
release.
This press release may contain forward-looking statements that are subjec t to known and unknown
risks and uncertainties that could cause actual results to vary mat erially from targeted results. Such
risks and uncertainties include those d escribed in Midland’s periodi c reports in cluding the annual
report or in the filings made by Midland from time to time with securities regulatory authorities.