Midland and Probe GOLD Resume Drilling ON the Copper-GOLD-Silver- Molybdenum Discovery ON the LA Peltrie Option
MIDLAND AND PROBE GOLD RESUME DRILLING ON THE COPPER-GOLD-SILVER-
MOLYBDENUM DISCOVERY ON THE LA PELTRIE OPTION
Montreal, July 25, 2023. Midland Exploration Inc. (“Midland”) (TSX -V: MD) is pleased to
announce that drilling has resumed on the large copp er-gold-silver-molybdenum ( “Cu-Au-Ag-Mo”)
discovery made in 2022 on the La Peltrie Option (the “Property”) in partnership with Probe Gold Inc.
(“Probe”). This significant mineralized system is located 15 kilom etres southeast of Agnico Eagle’s
Zone 58N gold deposit and 25 kilometres west of the former Selbaie mine, which produced 56.9 Mt
grading 0.87% Cu, 1.85% Zn, 39 g/t Ag, and 0.55 g/t Au (historical production).
Highlights:
• New drilling program consisting of eight (8) drill holes for a total of 2,700 metres
• Designed to de termine the extent of a large mineralized system with Cu-Au-Ag-Mo over a
345.5-metre intercept grading 0.2% CuEq* in the discovery hole, which remains open along
strike and at depth
• New regional drilling targets on geophysical anomalies (IP and VTEM)
• Higher-grade intervals within the mineralized envelope graded up to 0.5% Cu and 3.6 g/t Ag
over 12 metres as well as 1.0% Cu and 6.4 g/t Ag over 3.7 metres
• Indicates potential for a highly prospective and extensive mineralized system
This drilling program consists of eight (8) drill holes totalling 2,700 metres. In the immediate vicinity
of the discovery hole LAP -22-012, which graded 0.2% CuEq* over 345.5 metres, five (5) drill holes
totalling 1,750 metres will be completed to test new induced polarization (IP) anomalies. These new
anomalies were identified in the winter of 2023, along a n interpreted mineralized corridor trending
northeast over a minimum of 1.4 kilometre. Historical grab samples taken in that corridor had returned
up to 6.5% Cu, 1.2 g/t Au and 2.5% Cu ( Source: SIGEOM Report GM55542). This mineralized
corridor is defi ned by se veral surface samples s howing co pper-gold-silver-molybdenum
mineralization and is currently the focus of additional prospecting.
During this drill ing program, three (3) drill holes totalling 950 metres will also be completed to the
southeast, on geophysical (IP and VTEM) anomalies and on a target proximal to the Carheil Pluton.
Cautionary statements:
* Copper equivalent ( “CuEq”) values were calculated using the following metal prices:
Au $1,500.00/oz, Cu $3.25/lb, Ag $15.00/oz, Mo $15.00/lb. CuEq values are use d for exploration
purposes only and do not include estimations of metallurgical recovery.
The tru e thick ness of drilling intervals reported in this press release cannot be determined with the
information currently available; intervals are thus reported in core length.
Note that grades determined from grab samples may not be representative of mineralized zones.
Mineralization occurring at the Zone 58N deposit and at the for mer Selbaie mine is not necessarily
indicative of miner alization that may be found on the La Peltrie proje ct held by Midland/Probe
described in this press release.
Quality control
During this drilling program, assay samples were taken from NQ core by sawing the drill core in half,
with one half sent to the laboratory and the other half retained for future reference. A strict QA/QC
program was applied to all samples; this includes insertion of mineralized standards and blank samples
for each bat ch of 2 0 samples. Gold analyses were completed by fire assay with an atomic absorption
finish on 50 grams of material . Repeats were carried out by fire assay followed by gravimetric testing
on each sample containi ng 3.0 g/t Au or more. To tal gold analyses (Metallic Sieve) were carried out
on samples which presented a great variation of their gold content or in the presence of visible gold.
Samples from drill hole LAP -22-012 were a lso analy zed using a multi-element (35) geochemical
package with 4-acid digestion followed by Inductively Coupled Plasma Mass Spectrometry (ICP-MS)
finish.
About Midland
Midland targets the excel lent mineral potential of Quebec to make the discovery of new world -class
deposits of gold and critical metals . Midland is proud to count on reput able partners such as Probe
Gold Inc., Barrick Gold Corporat ion, BHP Canada Inc., R io Tinto Exploration Canada Inc.,
Wallbridge Mining Company Ltd , Agnico Eagle Mines Limited, Osisko Development Corp .,
SOQUEM INC., Brunswick Exploration 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 propert ies. Management is currently reviewing other opportunitie s 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 further information, p lease 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 Exc hange nor its Regulatio n Services Provider (as t hat term is defined i n the
policies of the T SX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This press release may contain forward -looking statemen ts that are subjec t to know n and unknown
risks and uncertaint ies that could cause actua l results to vary materi ally 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.
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Abitibi Geology – La Peltrie Discovery Location
DETOUR LAKE
NELLIGAN
ZONE 58N
MARTINIERE
BUG LAKE
FENELON / TABASCO
CASA BERARDI DOUAY VEZZA
GEANT DORMANT
BELL OSBOURNE
LAC SHORTT
MOROY
LAC ROSE
WINDFALL
BARRY
Kenorland / Newmont Option
PERRON
WESTWOOD
LARONDE
CROINOR
CANADIAN MALARTIC
KIENA GOLDEX
LAMAQUE
HOLT / MCDERMOTT
Volcanics
Ignous rocks
Sediments
Midland Projects
Gold Mines, Projects
Sunday Lake Fault
Lower Detour Fault
Cadillac Fault
FAYOLLE
BEATTIE
Patris
Guyberry
Heva
Laflamme
Abcourt JV
Coigny
Turgeon
Mistaouac
La Peltrie
Probe Opt
Jouvex Noyelles
Lac Esther
Nomans
Lewis
Fleuribleu
Jeremie
Adam
Samson
ELDER
WASAMAC
GRANADA
HORNE 5
Chicobi Fault
M-Cadillac
Agnico Eagle JV
Gaudet-Fenelon
Probe JV
New Cu-Au-Ag-Mo
Discovery
0.21% CuEq / 345.5m
New discoveries 21-22
Casault
Wallbridge Opt
New Discovery
6.85 g/t Au / 2 m (ddh)
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New Discovery
up to 10.2 g/t Au (grab)
New high-grade discovery
up to 28.7 g/t Au (Float)
up to 18.9 g/t Au (grab)
New Discovery
up to 99.1 g/t Au / 0.4m (ddh)
2
2
Midland-Probe La Peltrie 2023 Phase 1 Drilling
Mineralized E-NE corridor
Cu-Au-Ag-Mo > 1.4 km
or 0.21% CuEq / 345.5 m
Drilling 2023 : Phase 1
8 ddh’s ; 2,700 m
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3
Midland-Probe La Peltrie New Cu-Au-Ag-Mo Discovery
Cpy in pillow rims
Cpy+Mo in quartz veins