Midland and Soquem Announce New Results ON Their Recent Copper- GOLD Discovery IN Nunavik
MIDLAND AND SOQUEM ANNOUNCE NEW RESULTS ON THEIR RECENT COPPER-
GOLD DISCOVERY IN NUNAVIK
Montreal, October 27, 2022. Midland Exploration Inc. (“Midland”) (TSX-V: MD) in partnership with
SOQUEM Inc. (“SOQUEM”) is pleased to announce new results on the high-grade Cu associated with
Au and Ag mineralization discovered during the summer of 2022 . These results were obtained under
the Strategic Alliance between Midland and SOQUEM ( the “ Alliance”) in the Labrador Trough in
Nunavik, Quebec.
A new high-grade Cu, Au and Ag m ineralized system was discovered by prospecting by the Midland -
SOQUEM team in August 2022 in the area south of Nachicapau Lake. This system consisted of several
mineralized horizons observed at surface over an area of at least 160 metres by 170 metres . The best
results yielded grades up to 25.6% Cu, 4.90 g/t Au, and 162 g/t Ag (29.97% CuEq*) in a grab sample
collected on surface. This mineralized system consists of several horizons with high-grade copper, gold
and silver mineralization exposed on surface, which were observed o ver a surface area of at least 160
metres by 170 metres. Channel sampling was undertaken in this area, yielding grades of 1.49% Cu,
0.54 g/t Au, and 11.41 g/t Ag (1.93% CuEq*) over 4.0 metres (channel #1) and 0.90% Cu, 0.45 g/t
Au, and 6.50 g/t Ag (1.25% CuEq*) over 3.0 metres (channel #2). Due to the vegetative cover, the
mineralized zone remains open in all directions and the full exte nt of this new mineralized system has
yet to be determined.
The assays results have confirmed the potential in this area with 8 new samples of interest grading up
to 10.05% Cu, 0.19 g/t Au, and 62.90 g/t Ag, and 1.26% Cu, 5.80 g/t Au, and 10.90 g/t Ag in grab
samples. These samples with high-grade Cu-Au-Ag values are located along the extensions of horizons
and veins with malachite and bornite mineralization. A new area of interest located 350 metres south of
these mineralized horizons also exhibits carbonate veining with chalcopyrite and bornite mineralization,
which graded 0.11% Cu, 0.03 g/t Au, and 0.20 g/t Ag.
Best results obtained in grab samples are listed in the table below.
Table 1: Best assay results obtained in grab samples
Sample # UTM E UTM N Cu Au Ag CuEq.*
m m % g/t g/t %
C879186 558634 6277122 10.05 0.19 62.90 10.60
C879107 558658 6277011 3.24 1.97 23.60 4.72
C878897 558716 6277122 1.26 5.80 10.90 5.22
C879076 558658 6276988 0.50 0.29 4.63 0.72
C878995 558485 6277287 0.38 0.18 2.46 0.51
C878983 558705 6277145 0.28 0.14 1.70 0.39
C879108 558655 6276991 0.22 0.14 1.70 0.32
C879026 558708 6276628 0.11 0.03 0.20 0.13
*Metal prices used to calculate the CuEq grade: Au = $1,500/oz, Cu = $3.25/lb, Ag = $15/oz. 100% metal
recovery is assumed.
An exploration program will be undertaken in the summer of 2023, focusing on the immediate vicinity
of the Cu -Au-Ag mineralized horizons and their extensions along the volcano-sedimentary Murdoch
Formation. This area has been the focus of very little previous exploration. Upcoming work may include
soil and rock sampling, stripping, channel sampling, and induced polarization surveys.
Cautionary statements
Grab samples are selective by nature and reported values are not necessarily indicative 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) or gravimetric finish (Au -GRA21) at ALS Laboratories in Val -d’Or,
Quebec, or Sudbury, Ontario. 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 consi stent 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 critical minerals and precious metals of the vast and underexplored
Labrador Trough. The area of interest defined under the Alliance is located in Nunavik. Geologically, it
covers the Labrador Trough, the Rachel -Laporte Zone and the Ku ujjuaq Domain. The area of interest
extends from Schefferville in the south up to approximately 100 km northwest of Kangirsuk. This
agreement calls for investments in exploration reaching up to $5 million over a period of four (4) years,
with a firm commit ment of $ 2 million within the first two (2) years of the agreement. For 202 2, an
annual budget of $1 million (50% Midland and 50% SOQUEM) has been planned to complete the work
program.
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 strong local
economies. 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, platinum group elements and base metals. Midland is proud to count on reputable
partners such as SOQUEM inc., BHP Canada Inc ., Rio Tinto Exploration Canada Inc ., Probe Metals
Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Development Corp .,
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. Management
is currently reviewing other opportunities and projects to build up the Corporation portfolio and generate
shareholder value.
This press release was prepared by Mario Masson, P.Geo., VP Exploration for Midland 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 Pro vider (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.
1
Legend
Claims
Geology
Rachel-Laporte
Labrador Trough
Core Zone
Midland-SOQUEM
Midland 100%
Other cies
AOI Midland-SOQUEM
AOI NMEF
AOI Midland-BHP
New discovery 2022
Historical Cu showings
Nachicapau
2022 New
Copper-Gold
discovery
Ungava bay
Labrador sea
Projection System:
Universal Transverse Mercator
NAD83 Zone 19
(Grid Longitude/Latitude)
Nachicapau
2022 New
Copper-Gold
Discovery
Midland-SOQUEM Alliance in the Labrador Trough
1
2
New Copper - Gold 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 discovery
Cu showing
Au-Cu 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
3
3
Nachicapau – Best Results
2018 New 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*)