Midland and Wallbridge Resume Drilling ON the New GOLD Discovery ON Casault
MIDLAND AND WALLBRIDGE RESUME DRILLING ON THE NEW GOLD DISCOVERY
ON CASAULT
Montreal, March 22, 2022. Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership with
Wallbridge Mining Company L td (“Wallbridge”), is pleased to announce the beginning of a new
drilling campaign following up on the new gold d iscovery made in 2021 in the north part of the
Casault project ( “Casault” or the “Property”). This new discovery was made along a NW -SE-
trending structure, approximately 5 kilometres west of the Martiniere (“Martiniere”) gold project held
by Wallbridge.
New follow-up drilling program on the 2021 discovery
The dri lling program will begin late March 2022 and will consist of three (3) drill holes totalling
approximately 1,100 metres, mainly designed to test the continuity and validate the orientation of the
gold zone intersected in discovery hole CAS-21-123. In the latter, an interval grading 6.85 g/t Au over
2.00 metres, from 254.40 to 256.50 metres, was reported during the sum mer 2021 drilling campaign
(see press release by Midland dated October 21, 2021 ). Additional drill holes are being evaluated in
the area for future drill programs.
During this phase, thre e (3) drill holes are planned to fol low up o n hole CAS-21-123. Two (2) holes
will be d rilled in the immediate vicinity of discovery hole CAS-21-123 and a th ird hole will be
collared approximately 1 kilometre to the southeast, along the same structure.
• One drill hole totalling 350 metres will be drille d towards the southwest, scissor-style, along
the same section as hole CAS-21-123, to test the orientation of veins/intrusions that control
gold mineralization.
• One drill hole totalling 400 metres will be dri lled to wards the north , to intersect the
mineralized zone below h ole CAS-21-123 and test the lithological and structural controls of
gold mineralization in this area.
• The final drill hole, totalling 350 metres, will be collared approximately 1 kilometre southeast
of the discovery hole and will be d rilled to wards the nor theast, to test the same structure
intersected in hole CAS-21-123. The ma gnetic high observed in this area may indicate the
presence of a magnetite-bearing pyroxenite that could have acted as a chemical trap for gold.
New gold discovery in 2021
The first drill hole (CAS-21-123) had intersected new gold mineralization with a visible gold -bearing
interval returning 6.85 g/t Au over 2.00 metres. This intersection is considered significant, as it is
located in the northern , largely untested part of the Casault property, where no gold zone has been
known so far, approximately 2 kilom etres from the nearest anomalous gold intersections bot h on the
Casault and Martiniere properties.
Hole CAS-21-123 was testing a prominent NW -SE oriented structur e interpreted from ai rborne
magnetics. This structural orientation is known to control gold mine ralization at Fenelon and
Martiniere, and a series of large structures of this trend also transects the Casault property. The
particular structure tested by CAS -21-123 extends for a n approximately 8 kilometres across
Wallbridge’s Martiniere, Casault and Doigt properties and was historically tested by one dri ll hole on
Martiniere, yielding 30.40 g/t Au over 0.44 metre, which has not been followed-up since.
The intersection in CAS -21-123 is associated with a mineralize d zone co nsisting of chalcopyrite,
pyrite, pyrrhotite, and el ectrum, a gold-silver mineral phase, within deformed and heavily carbonate-
altered host rocks.
Casault Gold Property
The Casault property is located approximately 110 kilometres west of the town of Matagami, between
Wallbridge’s Martiniere and Detour East gold properti es. Wallbridge has an option to acquire up to a
65% interest in the 177 km2 project from Midland Exploration (see Midland press release dated June
18, 2020). Casault covers more than 20 kilometres of the SLDZ, along which Wallbridge’s Martiniere
and Fenelon gold deposits are located and which also hosts Kirkland Lake Gold’s world-class Detour
Lake Mine.
The Casault property also hosts the Vortex Zon e, a syenite-associated disseminated gold system with
drill hole intersections grading up to 1.38 g/t Au over 26.5 metres that was traced over a distance of
1.5 kilometre.
Cautionary statements
The true thickness of reported intervals cannot be determined with the information currently available;
intervals are thus reported in core length.
Mineralization occurring on the Fenelon Gold and Martiniere/Bug Lake projects held by Wallbridge
are not ne cessarily indicative of mineralization that may be found on t he Casault property held by
Midland.
Quality control
Drill core samples from the 2021 drill program at Casault were cut and bagged on site and transported
to AGAT Laboratories Ltd . for analysis. Samples are crushed to 75% less than 2mm. A 250g riffle
split is pulver ized to 85% passing 75 microns. 50g samples are analyze d by fire assay and AAS.
Samples >10g/t Au are automatically analyzed by fire assay with gravimetric finish or screen metallic
analysis. To test for coarse free gold and for additional quality assuranc e a nd q uality control,
Wallbridge requests screen metal lic analysis for samples containing visible gold. These and future
assay results may vary from time to time due to re‒analysis for quality assurance and quality control.
About Wallbridge
Wallbridge is currently advancing the exploration and development of its 10 0%‒owned Fenelon Gold
property located along the Detour‒Fenelon Gold Trend, an emerging gold belt in northwes tern
Québec. Within three years of the discovery of the Area 51 and Tabasco/Cayenne Zones, through drill
programs totaling over 300,000 metres, Wal lbridge reached an important milestone by announcing a
maiden MRE for Fenelon and an updated MRE for the Mart iniere Gold Property totalling 2.67 Moz
Au in the indicated category and 1.72 Moz Au in the inferred category (for details of the MREs see
Wallbridge press release dated November 9, 2021 and Technical Report filed December 23, 2021 on
SEDAR).
Both properties are located on the Company's 910 km2 land package along the Detour -Fenelon Gold
Trend in Northern Abitibi, Québec, with significant potential f or further discoveries over a
97‒kilometre strike length of this underexplored belt.
Wallbridge is also the operator of, and a 17.8% shareholder in, Lonmin Canada Inc., a pr ivately‒held
company with a portfolio of nickel, copper, and platinum ‒group metals (PGM) p rojects in On tario's
Sudbury Basin.
About Midland
Midland targets the excellent mineral potential of Quebec to make the discovery of new world -class
deposits of gold , platinum group el ements and base meta ls. Midland is proud to count on reputable
partners such as Wallbridge Mining Company Ltd , BHP Canada Inc., Rio Tinto Explorati on Canada
Inc., Probe Metals Inc., Agnico Eagle Mines Limited, Osisko Development Corp ., S OQUEM Inc.,
Nunavik Mineral Exploration Fund, and Abcourt Mine s Inc. Midla nd prefers to work in partnershi p
and intends to qu ickly conclud e add itional agreements in regard to newl y acquir ed properties.
Management is currently reviewing other opportunities and projects to bui ld 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 in conjunction with Wallbridge technical team.
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 t hat term is defined in the
policies of the TSX Ventur e Exchange) a ccepts responsibility for the adequa cy or accuracy of this
release.
This press release may contain forward -looking statements that are subject to known and unknown
risks and uncertainties th at could cause actual results to v ary materially from targeted results. Such
risks a nd uncertainties i nclude 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
Detour Trend Active Partnership
1
DETOUR LAKE
ZONE 58N
La Peltrie
Probe Opt
MARTINIERE
BUG LAKE WALLBRIDGE
FENELON / TABASCO
Sunday Lake Fault
Lower Detour Fault
Jeremie
Samson
Fleuribleu
Jouvex
Adam
Valmond
Vortex
DOUAY
Mistaouac
CASA BERARDI
Golden Delilah
Volcanics
Igneous Rocks
Sediments
Midland Projects
Gold Mines, Projects
Gaudet-Fenelon
Probe JV
Lower Detour Fault
Casault
Wallbridge Opt
Wallbridge Casault Option
▪ $5 M / 4 years
▪ $750K 1st year
▪ Cash payments $600K
▪ Expenditures at Dec. 31 : $1.44M
Probe La Peltrie Option
▪
$3.5 M / 4 years
▪ $500K 1st year
▪ Cash payments $400K
▪ Expenditures at Dec. 31st : $0.79M
Midland/Probe JV Gaudet-Fenelon
▪ $ 1M 1st year (50%-50%)
▪ Expenditures at Dec. 31st : $ 1.7M
Sunday Lake Fault
Midland New Discovery
up to 99,1 g/t Au / 0,4m
Midland New Discovery
up to 6,85 g/t Au / 2,0 m
2
Midland / Wallbridge Casault Option
2
Midland Gold Projects
Mafic Volcanics
Felsic Volcanics
Ultramafics
Sediments
Mafic Intrusives
Felsic Intrusives
Casa Berardi Mine
Reserves 1.9 Moz Au
Douay
JouvexMistaouac
Valmond
Samson
Fleuribleu
Adam
Detour Lake Mine
Reserves P+P > 13Moz Au
Zone 58N Resources
Ind.: 534,300 oz Au
Inf. : 136,100 oz Au
Jeremie
Vezza West
Martiniere & Bug Lake
Hist. Ind. Res. 0.59 Moz Au
Vortex
B26
B14
Midland / Probe Gaudet –Fenelon JV
Selbaie Mine
Golden Delilah
La Peltrie
Probe Option
Gaudet-Fenelon
Probe JV
Casault 100% Midland
Wallbridge Option
New Gold Discovery Fenelon Gold
Ind. Res. : 2.13 Moz Au
Inf. Res. : 1.47 Moz Au
3
Casault Option – Property Geology
3
New Gold Discovery
Hole CAS-21-123
6.85 g/t Au over 2.0 metres
Martiniere & Bug Lake
Historical Ind. Res. 0.59 Moz Au
Bug Lake Zone
Up to 18.13 g/t Au over 44.45 m
4
Casault Option – 1st Magnetic Derivative
4
New Gold Discovery
Hole CAS-21-123
6.85 g/t Au over 2.0 metres
NW-SE Structure
Interpreted over 3 km
5
5
New discovery – Hole CAS-21-123