Midland/Barrick Starts Sonic Drilling Program ON Its Patris GOLD Property
MIDLAND/BARRICK STARTS SONIC DRILLING PROGRAM ON ITS PATRIS GOLD
PROPERTY
Montreal, March 26, 2024. Midland Exploration Inc. ("Midland") (TSX-V: MD) is pleased to announce
the start of a Sonic drilling campaign on the Patris gold property, currently 100% owned by Midland
and located approximately 30 kilometers to the northeast from the city of Rouyn-Noranda in Quebec.
Sonic Drilling
A Sonic drilling campaign is currently underway with two drill and a total of 40 holes have already been
completed. Over the next few weeks, 60 new holes will be completed in the eastern part of the Patris
property in the Kéwagama group. The work is scheduled to be completed in the first week of April. In
total, 4,000 meters of sonic drilling are planned in 100 boreholes with a view to characterizing glacial
dispersion trails in the till covered with lacustrine clays.
About the Patris Property
The wholly owned Patris project comprises 299 claims covering a surface area of about 117 square
kilometers, located less than 10 kilometers northwest of the prolific Doyon/Westwood -Bousquet-La
Ronde gold mining camp. The Patris property offers excellent gold potential as it covers the Manneville
Fault over more than 8 kilometers and the La Pause Fault over more than 10 kilometers, both recognized
as subsidiary faults to the well -known Destor-Porcupine Fault Zone. The Patris property also covers
more than 5 kilometers of the fault contact between the sediments of the Kéwagama Group and the
mafic and ultramafic volcanics of the Malartic Group. Several historical gold showings are found near
this contact such as the Gadoury showing which returned 6.3 g/t Au over 1.0 meter and the McDermott
showing which returned 8.6 g/t Au over 1.2 meters (Source: Sigeom-MRNF).
A total of 4,000 metres of Sonic drilling is planned in 115 drill holes to characterize geochemical
dispersion trains in the glacial till overlain by lacustrine clays.
Option Agreement
Pursuant to the Transaction, Barrick has the right to acquire up to a 75% interest in the Property in
consideration for cash payments totaling C$1,017,500 and exploration work totaling C$16,575,000,
over an eight -year period. Barrick is the operator of the work carried out under the Transaction ( See
Midland press release, May 15, 2023)
Cautionary statement
Mineralization occurring at the Doyon/Westwood-Bousquet-La Ronde gold mines is not necessarily
indicative of mineralization that may be found on the Patris property held by Midland.
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 Barrick
Gold Corporation., BHP Canada Inc., Rio Tinto Exploration Canada Inc., Wallbridge Mining Company
Ltd, Probe Gold Inc., Agnico Eagle Mines Limited, Electric Element Mining Corp., SOQUEM INC.,
Nunavik Mineral Exploration Fund, Cosmos Exploration Limited and Abcou rt 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
Company portfolio and generate shareholder value.
This press release was prepared by Richard D St -Cyr. P.Geo., Exploration Director for Midland and
Qualified Person as defined by NI 43-101, who also approved the technical content of this press release.
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: 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 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.
Patris Project Location
DETOUR LAKE
NELLIGAN
ZONE 58N
MARTINIERE
BUG LAKE
FENELON / TABASCO
CASA BERARDI DOUAY VEZZA
GEANT DORMANT
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
Casault
Wallbridge Opt
BELL OSBOURNE
New Option Barrick
Patris Project
1
Porcupine-DestorFault – Geology
La Pause Fault
Porcupine-Destor Fault
Gadoury Showing
6.3 g/t Au / 0.98 m
McDermott Showing
8.6 g/t Au over 1.20 m
Fayolle (Typhoon)
10.2 g/t Au over 5.0 m
15.5 g/t Au over 3.0 m
12.1 g/t Au over 3.0 m
15.6 g/t Au / 1.0 m
Lac Patris Showing
38.7 g/t Au (Grab)
Gold Showings Gold Mines
Westwood
Lapa
La Ronde
O’Brien
Patris Property
299 claims for 117 km2
2
La Pause Fault
Porcupine-Destor Fault
Gadoury Showing
6.3 g/t Au / 0.98 m
McDermott Showing
8.6 g/t Au over 1.20 m
15.6 g/t Au / 1.0 m
Lac Patris Showing
38.7 g/t Au (grab)
Gold Showings
Porcupine-DestorFault – Mag
Patris Property
299 claims for 117 km2
Westwood
Lapa
La Ronde
O’Brien
Fayolle (Typhoon)
10.2 g/t Au over 5.0 m
15.5 g/t Au over 3.0 m
12.1 g/t Au over 3.0 m
Gold Mines 3
Sonic Drilling Program – Winter 2024
Sonic Drilling
Fault
Esker
Bugs
Glacio-lacustrine clay
Alluvion
N
3 km
Effective control of the Southeast property using two
tracked Sonic platforms
100 holes for 4,000 m on public land
Already 40 surveys completed in the South-East part
of the property.
Estimated completion date: Early April
Collection of till horizons and bedrock samples
4