Midland and Soquem Discover New High-Grade Copper-GOLD Showings ON Nachicapau IN Nuna Vik
MIDLAND AND SOQUEM DISCOVER NEW HIGH-GRADE COPPER-GOLD SHOWINGS
ON NACHICAPAU IN NUNA VIK
Montreal, December 07, 2023. Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership
with SOQUEM Inc. (“SOQUEM”), is pleased to announce new results from its 2023 exploration
campaign in Nunavik. Exploration efforts mainly focused on the high -grade Cu-Au-Ag mineralized
system discovered in the summer of 2022 in the Nachicapau Lake area, which graded up to 25.6%
Cu, 4.90 g/t Au and 162 g/t Ag (29 .97% CuEq.*) (see press release by Midland dated October 4,
2022). These new results are reported under the Strategic Alliance between Midland and SOQUEM
(the “Alliance”) in the Labrador Trough in Nunavik, Quebec.
Highlights:
• Discovery of 6 new mineralized veins at surface and numerous erratic boulders with copper
and gold mineralization spread over an area of 7 km2;
• 23 samples, including 9 on outcrops, yielded grades > 0.1% Cu and 6 samples yielded grades
> 1% Cu, up 20.4% Cu;
• The best gold grade, at 3.98 g/t Au, 3.33% Cu and 28.2 g/t Ag, is associated with a boulder
located 300 metres north of Cu-Au horizons discovered in 2022;
• A new deformation zone , observed at surface and highlighted by geochemical and
geophysical data, represents a new metallotect.
A geochemistry sampling campaign was conducted in the late summer of 2023, during which a total of
227 rock samples and 1,018 soil samples (B horizon) were collected on the Nachicapau property. Real-
time XRF analysis of soil samples led to the identi fication of anomalous areas and the discovery of 6
new mineralized veins at surface. These veins , mainly composed of calcite and c linochlore, are
injected in rocks of the Murdoch Formation and host copper mineralization with digenite, bornite and
malachite. On outcrops, best results associated with these veins are 13.8% Cu and 1.71% Cu. They are
located respectively 1.4 km and 2.6 km south of Cu-Au horizons discovered in 2022. The best copper
grade reaching up to 20.4% Cu is associated with a vein mineralized with malachite and bornite in a
plurimetric boulder. Gold grades reaching u p to 3.98 g/t Au are occasionally associated with these
veins and confirm the gold potenti al of the area. Field observations also led to the identification of a
new deformation zone located 500 metres east of the Cu -Au horizons discovered in 2022. This
discontinuity is also defined by geochemical and geophysical data; it affects lithological units of the
Murdoch Formation and may have played a role in the emplacement of mineral occurrences.
Best results from grab samples are listed in the table below.
Sample
number
UTM E UTM N Cu Au Ag CuEq*
m m % g/t g/t %
C565335** 559447 6275913 20.4 0.16 200.0 21.79
C565243 558815 6275965 13.8 0.05 51.1 14.24
C565059** 558239 6277453 3.33 3.98 28.2 6.58
Sample
number
UTM E UTM N Cu Au Ag CuEq*
m m % g/t g/t %
C565422** 558082 6276177 2.08 0.05 5.66 2.16
C565339 559667 6274634 1.71 0.05 6.6 1.80
C565338 559664 6274619 1.42 0.01 5.8 1.48
C565132** 559117 6276674 0.69 < DL 0.5 0.69
C565039** 558217 6277800 0.52 0.20 3.5 0.70
C565044 557709 6276816 0.48 0.02 1.8 0.51
C565333 559315 6275860 0.42 < DL 4.9 0.46
C565414 559177 6276888 0.34 0.01 1.5 0.36
C565025 559345 6277155 0.34 < DL 0.4 0.35
C565332 558600 6277386 0.28 0.36 2.1 0.57
C565421** 558131 6276251 0.26 < DL 1.1 0.27
C565061** 558231 6277442 0.25 0.10 4.4 0.36
C565413** 559247 6276917 0.18 0.06 0.8 0.23
C565236** 559136 6276668 0.12 0.04 0.8 0.15
C565237** 559121 6276663 0.12 < DL 0.1 0.12
C565115** 559218 6276880 0.11 0.64 2.4 0.62
C565238** 558150 6275511 0.11 < DL 7.6 0.17
C565114** 559138 6276913 0.11 < DL 0.1 0.11
C565334** 559321 6275898 0.11 < DL 0.1 0.11
C565337 559722 6274752 0.10 < DL 1.4 0.11
*Metal prices used to calculate CuEq*: Au $1, 700/oz, Cu $3.25/lb, Ag $1 8/oz.
100% metal recovery is assumed.
** Grab sample taken in a boulder
These results, combined with t he series of discoveries made in 2022, highlight this area as a prime
exploration target in the Labrador Trough . Exploration work in 2024 will focus on improving the
geological and structural understanding of this mineralized system, nam ely by conducting a magnetic
drone survey. Exploration wil l continu e sout hward to determine the extent of th e system. The B -
horizon geoc hemistry survey with real -time XRF analys is, which yielded excellent results in 2023 ,
will also be continued in 2024 by extending the survey to the south and detailing specific areas of
interest. This surface program is planned in preparation for a drilling program pending positive results.
Quality control
Rock samples from the project are ana lyzed at Actlabs laboratories in Ancaster, Ontario, using
different analytical methods for various elements, either neutron activation on 30 -gram fractions, or
ICP-MS with four -acid digestion. 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 gold and strategic minerals of the vast and underexplored Labrador
Trough. The area of in terest defined under the Alliance is located 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 approx imately 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 commitment of $2 million within the first two (2) years of the agreement. For 2024, a joint annual
budget of $1 million (5 0% 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
a strong econ omy in Quebec’s regions . A proud partner and ambassador for the development of
Quebec’s mineral wealth, SOQUEM relies on inn ovation, 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 w orld-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 Corpor ation, Wallbridge
Mining Company Ltd, Probe Gold Inc., Agnico Eagle Mines Limited, Osisko Development Corp.,
Brunswick Exploration Inc., Nuna vik M ineral Exploration Fund, Cosmos Exploration Limited and
Abcourt Mines Inc. Midland prefers to work in partne rship and intends to quickly conclude additional
agreements in regard to newly acquired properti es. Management is currently reviewing other
opportunities and projects to build up the Company portfolio and generate shareholder value.
This press release was reviewed and approv ed 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 p ress release may contain forward -looking statements that are subject to known and unknown risks and
uncertainties that could cause actual results to vary material ly from targeted results. Such risks and
uncertainties include those described in Midland’s periodic reports including the annual report or i n 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
Showing 2022
Historical Cu showings
Nachicapau
2022 Copper-
Gold showing
Ungava bay
Labrador sea
Projection System:
Universal Transverse Mercator NAD83 Zone 19
(Grid Longitude/Latitude)
Nachicapau
2022 Copper-
Gold showing
Midland-SOQUEM Alliance in the Labrador Trough
1
Exploration restrictions
Exploration prohibited
Specific agreement for
conservation
(exploration allowed)
Waskaikinis
(Fort Mackenzie)
2
2
Midland-SOQUEM claims
Rock samples 2022-2023
Boulder
Legend
Cu ppm
Historical rock samples
Field work
Projection System:
Universal Transverse Mercator NAD83 Zone 19
Mining claims and restrictions
Specific agreement for conservation
(exploration allowed)
Area of historical high grade Zn boulders
up to 17.50 % Zn (#43390439)
2023 : New
deformation zone
next
figure
Midland 2018 showing
3.16% Cu , 5.27 g/t Au2022 Discovery Cu-Au
mineralized horizons
13.8 % Cu, 0.03 g/t Au
Mineralized bornite, digenite
vein
1.71 % Cu, 0.05 g/t Au
Mineralized bornite,
digenite veins
0.34% Cu, 0.01 g/t Au
Malachite in chlorite schist
0.28% Cu, 0.35 g/t Au
Mineralized bornite,
chalcopyrite vein
3.33 % Cu, 3.98 g/t Au
Boulder mineralized bornite vein
2.08% Cu, 0.05 g/t Au
Boulder chalcopyrite vein
20.4 % Cu, 0.15 g/t Au
Boulder mineralized
bornite, specularite veins
Nachicapau
Lake
2022-2023 Field Work Results
2012 Drillhole Virginia
2023 Discovery
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*)