Midland and Soquem Announce an Exploration Program Under Their Alliance IN Nunavik, Quebec
MIDLAND AND SOQUEM ANNOUNCE AN EXPLORATION PROGRAM UNDER THEIR
ALLIANCE IN NUNAVIK, QUEBEC
Montreal, June 20, 2023. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce
its exploration program for the summer of 2023 under the Strategic Alliance (the “Alliance”) with
SOQUEM Inc. (“SOQUEM”) for exploration projects in the Labrador Trough in Nunavik. The 2023
work program, with a joint budget of $1.3 million, builds on the work carried out in 2021 and 2022 to
identify new mineralized areas within the vast and underexplored Labrador Trough.
The exploration program will focus on the area surrounding copper mineralized horizons discovered in
2022 near Nachicapau Lake and on regional targets generated across the Labrador Trough. Helicopter -
supported fieldwork will begin in early July and will consist of geochemical rock and soil sampling, as
well as stripping and channel sampling.
Highlights
• Follow-up on the copper mineralized system discovered in 2022 and open in all directions, which
graded up to 25.6% Cu, 4.9 g/t Au and 162 g/t Ag over at least 160 metres by 170 metres, and in
channel sample up to 1.49% Cu, 0.54 g/t Au and 11.4 g/t Ag (1.93% CuEq*) over 4.0 metres;
• Soil survey totalling approximately 1,200 samples as well as rock sampling, stripping and channel
sampling of Cu-Au mineralized horizons;
• Rock sampling on regional targets generated as a result of compilation work, sampling and a large-
scale lithogeochemistry study conducted in 2022 and 2023.
Area surrounding copper mineralized horizons discovered in 2022
Midland and SOQUEM will prioritize exploration work in the vicinity of the new horizons with high -
grade copper mineralization discovered in 2022. Mineralization was observed on surface over a
minimum area of 160 metres by 170 metres and remains open in all directions. The 20 23 exploration
program will aim to understand the spatial distribution of the mineralization and define its extent. This
work will include a soil survey as well as rock sampling, stripping and channel sampling on copper
mineralized horizons. The next step will be to conduct prospecting and soil sampling on a larger scale,
on high-potential targets identified throughout the mining claims to discover similar mineralized zones.
A total of approximately 1 ,200 soil samples and more than 400 rock samples will be c ollected in this
area. Following this exploration work, results may justify planning a deeper exploration phase in the fall
of 2023.
Regional generative area
Regional exploration work conducted by Midland and SOQUEM specifically targets unexplored areas
that exhibit discovery potential for prospective mineralization within the area of interest defined under
the Alliance. The targeting method is based on compilation work carried out in 2022 and 2023, and on
the advanced processing of lithogeochemistry results from samples collected in 2022. This work will
mainly focus on the central part of the Labrador Trough, targeted for its potential for magmatic Ni-Cu-
PGE deposits. The central area will also be the focus of a rock sampling campaign in areas deemed
prospective for orogenic deposits. Additional targets for nickel and copper in other unexplored parts of
the area of interest defined under the Alliance were also generated as a result of compilation work and
will be investigated over the summer of 2023.
Cautionary statements
Grab samples are selective by nature and reported values are not necessarily indicati ve of mineralized
zones.
The true thickness of the channels cannot be determined with the information currently available.
Quality control
Rock samples from the project are analyzed by standard fire -assay on 30 -gram fractions with atomic
absorption finish (Au-AA23) o r gravimetric finish (Au-GRA21) at ALS Laboratories in Val-d’Or,
Quebec, or Vancouver, British Columbia. All samples are also analyzed for multi -elements using the
four-acid ICP-MS method. Exploration programs are designed, and results are interpreted by Qualified
Persons employing a Quality Assurance/Quality Control program consistent with industry best
practices, including the use of standards and blanks for every 20 samples.
About the Strategic Alliance with SOQUEM
The Strategic Alliance enables Midland and SOQUEM to combine their efforts and expertise to jointly
explore the excellent potential for strategic minerals of the vast and underexplored Labrador Trough.
The area of interest defined under the Alliance is loc ated in Nunavik. Geologically, it covers the
Labrador Trough, the Rachel-Laporte Zone and the Kuujjuaq Domain. The area of interest extends from
Schefferville in the south up to approximately 100 km northwest of Kangirsuk. This new agreement
calls for investments in exploration reaching up to $5 million over a period of four (4) years, with a firm
commitment of $2 million within the first two (2) years of the agreement. In March 2023, a joint venture
agreement between Midland and SOQUEM was executed to define the terms governing exploration and
development work to be undertaken on the mining claims forming the Nachicapau property. For 2023,
a joint annual budget of $1.3 million (50% Midland and 50% SOQUEM) has been planned to complete
the work program, including an investment of $1.0 million for the Nachicapau project.
About SOQUEM
SOQUEM, a subsidiary of Investissement Québec, is dedicated to promoting the exploration, discovery
and development of mining properties in Quebec. SOQUEM also contributes to maintaining a strong
economy in Quebec’s regions . A proud partner and ambassador for the development of Quebec’s
mineral wealth, SOQUEM relies on innovation, research and strategic minerals to be well positioned
for the future.
About Midland
Midland targets the excellent mineral potential of Quebec to make the discovery of new world -class
deposits of gold and critical metals. Midland is proud to count on reputable partners such as SOQUEM
Inc., BHP Canada Inc., Rio Tinto Exploration Canada Inc. , Barrick Gold Corp., Wallbridge Mining
Company Ltd, Probe Gold Inc., Agnico Eagle Mines Limited, Osisko Development Corp., Brunswick
Exploration Inc., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work
in partnership and intends to quickly conclud e additional agreements in regard to newly acquired
properties. Management is currently reviewing other opportunities and projects to build up Midland’s
portfolio and generate shareholder value.
This press release was reviewed and approved by Mario Masson, VP Exploration for Midland, certified
geologist 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
Email: [email protected]
Website: https://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 rele ase 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 re ports including the annual report or in the filings made by
Midland from time to time with securities regulatory authorities.
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Legend
Claims
Geology
Rachel-Laporte
Labrador Trough
Core Zone
Midland-SOQUEM
Midland 100%
Other cies
AOI Midland-SOQUEM
AOI NMEF
AOI Midland-BHP
New Cu discovery 2022
Historical Cu showings
Nachicapau
2022 New
Copper
showing
Ungava bay
Labrador sea
Projection System:
Universal Transverse Mercator NAD83 Zone 19
(Grid Longitude/Latitude)
Nachicapau
2022 New
Copper
showing
Midland-SOQUEM Alliance in the Labrador Trough
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Exploration restrictions
Exploration prohibited
Specific agreement for
conservation
(exploration allowed)
Waskaikinis
(Fort Mackenzie)
Waskaikinis
2
New Copper Discovery in Nachicapau Area
2
Nachicapau Lake
Area of historical high
grade Zn boulders up to
17.50 % Zn (#43390439)
Midland 2018 showing
3.16% Cu , 5.27 g/t Au
Field work
2022 New Copper discovery
Cu showing
Cu-Au showing
Midland-SOQUEM claims
2022 Rock samples
Historical rock samples
Virginia 2012 drillholes
Malachite-chalcocite
boulder (#43390604)
4.90% Cu, 0.96 g/t Au
Projection System:
Universal Transverse Mercator NAD83
Zone 19
Legend
2022 Discovery (#C878990)
Malachite-bornite boulder
2.95% Cu , 0.27 g/t Au, 30.0 g/t Ag
2022 Discovery Cu-Au
mineralized horizons
See next page
Lac Nachicapau showing
0.73% Cu, 0.19 g/t Au
2022 Discovery (#C879026),
0.11% Cu, 0.03 g/t Au, 0.20 g/t Ag
Exploration restrictions
Specific Agreement for
Conservation around Nachicapau
Lake (exploration allowed)
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3
Nachicapau – Best results
2018 Copper Showing
3.16% Cu, 5.27 g/t Au,
40.7 g/t Ag
#C878990 boulder 2x2x2m,
Qz-Cb-Bo-Bn-Mc
discontinuous veins
2.95% Cu, 0.27 g/t Au,
30.0 g/t Ag (3.33% CuEq*)
#C879209 :
25.60% Cu,
4.90 g/t Au,
162.0 g/t Ag
(29.97% CuEq*)
Channel 2
0.90% Cu , 0.45 g/t Au,
7.01 g/t Ag over 3.0
metres (1.25% CuEq*)
Channel 1
1.49% Cu, 0.54 g/t
Au, 11.41 g/t Ag
over 4.0 metres
(1.93% CuEq*)
Geology
Murdoch Formation
Mafic pyroclastic rock,
Magnetic Basalt, Chloritic
Schist
Magnetite bearing
Dolomite interbedded with
chert
#C879186 : 10.05% Cu,
0.19 g/t Au, 62.90 g/t Ag
(10.60% Éq.Cu*)
#C879107 :
3.24% Cu, 1.97 g/t Au,
23.60 g/t Ag (4.72% Éq.Cu*)
#C878897 : 1.26% Cu,
5.80 g/t Au, 10.90 g/t Ag
(5.22% Éq.Cu*)