Midland Begins Major Exploration Program IN Nunavik Under Its Strategic Alliance with Soquem
MIDLAND BEGINS MAJOR EXPLORATION PROGRAM IN NUNAVIK UNDER ITS
STRATEGIC ALLIANCE WITH SOQUEM
Montreal, May 19, 2021. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report the
start of a major exploration program for Cu-Zn-Co-Ag-Au / Zn -Pb-Cu-Ag-Au volcanogenic massive
sulphides (VMS) in the Labrador Trough in Nunavik. This new program will be carried out under the
Strategic Alliance (the “Alliance”) executed on February 19, 2021 between Midland and SOQUEM.
The 2021 exploration program will consist of two helicopter-borne electromagnetic (“VTEM”) surveys
as well as a prospecting program to be conducted in two phases, next June and August.
Highlights:
• New exploration targets for Cu-Zn-Co-Ag-Au / Zn -Pb-Cu-Ag-Au VMS identified during
recent compilation work
• Acquisition of 138 claims (63.6 km2)
• Helicopter-borne EM surveys (VTEM) totalling approximately 885 line km
• Prospecting work planned in June and August 2021 within the area of interest
New targets for Cu-Zn-Co-Ag-Au / Zn-Pb-Cu-Ag-Au VMS
Following execution of the agreement with SOQUEM in February 2021, a compilation covering the
entire Labrador Trough was under taken. As a result, historical data from geological mapping, drilling,
geophysical surveys and rock and sediment samples were brought together. These data, combined with
new insights on the stratigraphy and structure of depositional settings, resulted in the definition of high-
potential areas to be targeted by prospecting work in 2021.
The Labrador Trough offers a favourable geological and geochronological setting for the discovery of
Cu-Zn-Co-Ag-Au / Zn -Pb-Cu-Ag-Au massive sulphide deposits in mafic-siliciclastic settings . VMS
deposits in mafic-siliciclastic settings form, on average, larger deposits than other subcategories of VMS
deposits. They also contain high copper, gold and cobalt grades. Previous campaigns of this magnitude
focussing on this type of deposit in the Labrador Trough date back at least 20 years.
Acquisition of mining claims within the area of interest
During the first week of April 2021, Midland (50%) and SOQUEM (50%) acquired, by map designation,
a total of 138 claims in the Labrador Trough. These claims are divided into three (3) blocks and cover a
total surface area of 63.6 km2, approximately 95 km west and southwest of the town of Kuujjuaq.
Commencement of electromagnetic VTEM surveys
Two electromagnetic surveys will begin mid -June on recently acquired claim blocks. These VTEM
surveys will total approximately 885 line kilometres and will generate geophysical targets for the second
phase of prospecting work scheduled to take place in August 2021.
Prospecting programs
A first phase of prospecting within the area of interest will be completed in June 2021. This three (3) -
week program will focus on new targets identified during the compilation of historical work.
The second phase of prospect ing will take place in August 2021. This three (3) -week program will
follow up on geological targets generated in June and on electromagnetic anomalies identified during
the VTEM surveys.
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 interest defined under the Alliance is located i n 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 approximately 100 km northwest of Kangirsuk. This new agreement
calls for investments in exploration reaching up to $5 million over a period of four (4) years, with a firm
commitment of $3 million within the first two (2) years of the agreement. For 2021, a joint 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 BHP Canada Inc., Wallbridge Mining Company Ltd, Probe Metals Inc., Agnico Eagle
Mines Limited, SOQUEM Inc., Osisko Development Corp., the 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 Company portfolio and generate shareholder value.
This press release was reviewed and approved 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 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.
Strategic Alliance AOI
Midland-SOQUEM
2021 Exploration Plan
▪ Airborne geophysics VTEM (June)
▪ Prospecting 3 weeks ( June)
▪ Prospecting 3 weeks (August)
Strategic Alliance Midland - SOQUEM
THE NEXT MAJOR DISCOVERER IN QUEBEC
SOQUEM AOI