Midland Begins a Major Exploration Program FOR Nickel IN Nunavik, Quebec Under Its Strategic Alliance with BHP
MIDLAND BEGINS A MAJOR EXPLORATION PROGRAM FOR NICKEL IN NUNAVIK,
QUEBEC UNDER ITS STRATEGIC ALLIANCE WITH BHP
Montreal, March 21st, 2023. Midland Exploration Inc. ( “Midland”) (TSX -V: MD) is pleased to
announce the commencement of a major exploration program for nickel in Nunavik, following up on
exploration work carri ed out from 2020 to 2022 during which new Ni -Cu-Co mineral occurrences
were discovered.
This new program totalling C$3,400,000 will be conducted under the stra tegic alliance (the
“Alliance”) executed in Augu st 20 20 betwe en Midland ’s w holly owned subsidiary, Midland Base
Metals Inc., and Rio Algom Limited, wholly owned subsidiary of BHP Group PLC (“BHP”).
The 2023 exploration program will focus on a major crustal-scale structure that has been identified
in the regional magneto-telluric (“MT”) surveys performed in 2022. This structure, previously poorly
recognised is deemed favorable for n ickel-copper mineralization. The 2023 program will consist of a
1,534 samples lake sediment survey, an airborne Z-Tipper axis electromagnetic survey (“ZTEM”) as
well as two phases of mapping and prospecting scheduled to take place next July and August.
Highlights:
• Regional MT surveys completed in 2022 identified a major crustal-scale structure in a
poorly explored area, that is deemed favorable for nickel-copper mineralization.
• New Ni-Cu-Co mineral occurrence discovered by prospecting in 2022.
• Lake sediment survey totalling approximately 1534 samples to be done in July 2023.
• Helicopter-borne Z-Tipper axis electromagnetic survey (ZTEM) totalling approximately
8900 line-kilometers to be done in July 2023.
• Prospecting and mapping (July-August 2023).
New Ni-Cu-Co showing identified in 2022.
The Alliance with BHP for nickel exploration is focused on ma fic i ntrusive rocks wit h
troctolite/olivine gabbro compositions similar to those in Voisey’s Bay and the Nain Province, but that
have historically received far less exploration in Quebec, despite the discovery of several Ni -Cu-Co
prospects and occurrences . The Papavoine Ni-Cu-Co prospect, discovered in 2000 and currently held
by Midland for the benefit of the Alliance Agreement, graded up to 0.63% Ni, 0 .31% Cu and 0.04%
Co over 6.6 metres i n channel samples (see Midland ’s press release dated August 12 , 2021 ).
Approximately 20 kilometres southeast of Papavoine, the Mantas intrusion yielded grades up to 0.48%
Ni, 0.21% C u and 0.06% Co over 0.7 metre in channel sample (see Midland ’s press release dated
August 12, 2021).
In 2022, work by Midland and BHP also confirmed an additional area with strong poten tial, called
Target 22. Grab samples at Target 22 returned up to 0.81% Ni, 0.22% Cu and 0.19% Co.
Regional MT surveys completed in 2022.
Regional MT surveys covering approximately 230 stations in three blocks have been completed in
2022 within the area of interest of the Alliance . Consistent with a Mineral Systems Framework
approach, the obje ctive o f t he surveys was to identify structures that could ha ve channeled nickel -
bearing mafic intrusions from the mantle to the upper crust. A major crustal-scale structure (Abloviak
shear zone) is obvious at the Voisey’s Bay Ni-Cu-Co mine in Labrador and is interpreted to be critical
in the genesis of the deposit . The 2022 MT surveys s uccessfully identified a maj or crustal-scale
structure that is i nterpreted to cross the whole area of int erest. This structure is a high priority
target for nickel-copper mineralization. The structure is located in a poorly explored zone of the area
of interest and will be the primary focus of exploration in 2023.
Lake sediment survey in July 2023
A high-density lake sedimen t s urvey that will consist in approximately 1534 sample s w ill be
performed in July 2023 to cover the crustal-scale structure identified in the 2022 MT survey. The lake
sediment survey will be analyzed by a portable XRF device so that field follow -up of an omalies can
be done during the prospection campaigns.
ZTEM electromagnetic survey in July 2023
A Z-Tipper axis electromagnetic survey (ZTEM) will also be done on the crustal -scale structure. The
survey will he lp defin e the location and orientation of the structu re near t he surface as wel l as
potentially identify conductive features that could be caused by nickel-copper mineralization.
Prospecting program in July and August 2023
Two phases of prospecting and mapping within the area of interest will be completed d uring July and
August 2023. Over a period of four-five (4-5) weeks total, these field programs will mainly target the
crustal-scale struc ture, and more sp ecifically any n ickel-copper lake sediment ano malies or ZTEM
anomalies.
A budget of C$3.4 million ha s been appr oved for the 2023 prospecting campaign, ZTEM and lake
sediment surveys.
Cautionary statements:
Note that grades obtained in grab samples are not necessarily representative of mineralized zones.
The true thickness of intervals reported in channel samples cannot be determined with the information
currently available.
Mineralization occurring in the Voisey’s Bay area i n Labrador is not necessarily indicative of
mineralization that may be found on the Company project described in this press release.
Quality control
Exploration progra ms are designed, and results are inte rpreted by Qual ified Persons employing a
Quality Assurance/Quality Control program consistent with ind ustry best practices, including the use
of standards and blanks for every 20 s amples. All samples are an alyzed for mu lti-elements, using the
four-acid ICP–MS method (ME-MS61) at ALS Minerals laboratories in Vancouver, British Columbia.
Samples with copper, zinc, molybdenum or nickel values above 1% are reanalyzed using the four -acid
ICP-AES method optimized for high grades.
About Midland
Midland targets the excellent mineral potential of Quebe c to make the disco very of new world -class
deposits of g old and c ritical met als. Midland is proud to c ount on re putable partners such as BHP
Canada Inc., Rio Tinto E xploration Canada Inc., Wallbridge Mining Company Ltd, Probe Gold Inc.,
Agnico Eagle Mine s Limited, Osisko Deve lopment Corp. , SOQUEM Inc., Brunswick Explora tion
Inc., Nunavik Mineral Explora tion Fund, and Abcourt Mines Inc. Midland pr efers to w ork in
partnership and intend s to quic kly conclude additional a greements in regard to newly acquired
properties. Management is currently reviewing other opportunities a nd projects to build up the
Corporation portfolio and generate shareholder value.
This press release was reviewed and approved by Mario Masson. P.Geo., VP Exploration 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.
Forward-looking Information
This news release contains forward -looking statements and fo rward-looking info rmation (togeth er, “forward -
looking statements”) within the meaning of applicable securities laws. Forward-looking statements include the
funding under the Generative Phase, the advancement of a project to the Testing Phase, the expenditu re amount
under th e Testing Phase , the payment of success fees to Midla nd, the advanceme nt of a proj ect to the Joint
Venture Phase and other estimates and s tatements that describe Midla nd’s future plans, objective s or goals,
including words to the effect t hat Mid land or man agement expects a stated con dition or result to occur . All
statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements
involve risks, uncerta inties and other factors that could cause a ctual r esults, per formance, prosp ects and
opportunities to diff er materially from those expressed or implied by such forward-looking statements. Factors
that could cause actual results to differ materially from th ese forward -looking statements include, wit hout
limitation, certain rights o f BHP to ceas e funding under t he Alliance, the results of exploration in the AOI, the
ability of Midland to contribute funding to maintain its interests in Designated Projects, the ability of Midland to
fund its contributio ns unde r a joint v enture, if form ed, or have a ny participating interest diluted, changes in
general economic conditions and conditions in the financial markets, changes in demand and prices for minerals,
failure to obtain the requisite permits and approval s from government bodies and thir d parties, re gulatory and
governmental policy changes ( laws and pol icies) and those risks set out in Midlan d’s public docum ents,
including in each management discussion and analysis, filed on SEDAR at www.sedar.com. Althou gh Midland
believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue
reliance should not be placed on these statements, which only apply as of the date of thi s news release, and no
assurance can be given that such events will occur in the disclosed times frames or at all. Except where required
by app licable la w, Midland di sclaims any inten tion or obligati on to update or revise any fo rward-looking
statement, whether as a result of new information, future events or otherwise.
1
Midland BHP Nunavik Alliance Ni-Cu-Co
1
Strategic Alliance Ni-Cu-Co
Midland-BHP
$3.4M (CAN) Additionnal for the
Generative Phase 2023-2024
Midland-NMEF JV Ni-Cu
Soissons Ni-Cu-Co
100% Midland
2023 Exploration Plan
▪ Airborne ZTEM surveys (July)
▪ Lake sediments survey (July)
▪ Prospecting - 4 weeks (July-August)
Papavoine