Midland Discovers New GOLD-Bearing Zones ON the Willbob Project IN the Labrador Trough
MIDLAND DISCOVERS NEW GOLD-BEARING ZONES ON THE WILLBOB PROJECT IN
THE LABRADOR TROUGH
Montreal, August 1, 2024. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report
new results from a prospecting campaign conducted in June 2024 in the Canyon Lake area on its Willbob
gold project, wholly owned by Midland.
Highlights:
• Seven (7) rock samples grading more than 1 g/t Au in the Canyon Lake area, including three (3)
values above 5 g/t Au: 39.5 g/t Au, 26.5 g/t Au and 9.85 g/t Au.
• The Canyon mineralized zones now extend over 790 metres along the sheared contact with
gabbro and iron formation.
• Several anomalous gold values in soil samples (10), reaching 431 ppb Au in an unexplored area.
This prospecting and soil sampling campaign was conducted in the Canyon Lake area of the Willbob
project in June. Follow-up work on showings discovered in July 2019 ( see press release dated August
22, 2019) resulted in gold grades reaching up to 39.5 g/t Au (Canyon-3 area). Two new gold-bearing
areas are highlighted and as a result, the gold mineralized zones now extend over 787 metres. Several
anomalous gold values are observed in soil samples and will require follow-up work. Gold values above
0.100 ppm in rock samples and above 10 ppb in soil samples are listed in the table below.
Rock samples g/t Au Location Soil samples Au ppb
C1457706 39.5 13 m NW of Canyon-3 C1457938 431
C1457502 26.5 35 m NW of Canyon-1 C1457917 95
C1457512 9.85 100 m NW of Canyon-1 C1457906 76
C1457705 4.66 5 m SE of Canyon-3 C1457977 62
C1457657 3.74 92 m NW of Canyon-1 C1457976 32
C1457658 2.96 92 m NW of Canyon-1 C1457948 31
C1457718 1.07 111 m NW of Canyon-1 C1457920 30
C1457665 0.819 487 m NW of Canyon-3 C1457945 28
C1457513 0.793 112 m NW of Canyon-1 C1457947 12
C1457707 0.632 Footwall of 39.5 g/t Au C1457975 11
C1457673 0.324 487 m NW of Canyon-3
C1457561 0.281 260 m NW of Canyon-3
C1457727 0.218 487 m NW of Canyon-3
C1457555 0.16 38 m W of Canyon-3
C1457728 0.148 487 m NW of Canyon-3
C1457654 0.144 38 m W of Canyon-3
C1457519 0.143 487 m NW of Canyon-3
Follow-up prospecting work on the Canyon Lake occurrences
Prospecting work carried out in July 2019 led to the discovery of three new high-grade gold occurrences
on new claims acquired by Midland in 2019 in the Canyon Lake area ( see press release dated August
22, 2019). The Canyon-1 showing yielded high-grade gold values reaching 31.5 g/t Au, 5.95 g/t Au,
and 3.77 g/t Au (grab samples).
At the Canyon- 2 showing , locate d 250 metres northwest of Canyon- 1, grades reachi ng 23.5 g/t,
18.55 g/t Au, 4.94 g/t Au, 2.08 g/t Au, and 1.01 g/t Au were obtained in grab samples.
Finally, the Canyon-3 showing, located 30 m north of Canyon-2, yielded grades of 6.85 g/t and 3.35 g/t
Au in grab samples in July 2019.
Twelve (12) additional gra b samples collected between Canyon-1 and Canyon- 3 also yielded values
between 0.1 g/t and 1 g/t Au.
Cautionary statements:
Note that grades obtained in grab samples are not necessarily representative of mineralized zones.
Quality control
During the last prospecting program, assay samples (grabs) were taken and sent to a certified commercial
laboratory (Actlab). A strict QA/QC program was applied to all samples which includes insertion of
mineralized standards and blank samples for each batch of 20 samples. The gold analyses were
completed by fire assay with atomic absorption finish on 50 grams of materials. The samples were also
analyzed using a multi-element (60) geochemical group by 4-acid digestion followed by ICP-OES
(Inductively Coupled Plasma Optical Emission Spectroscopy) finish.
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., Rio Tinto Exploration Canada Inc., Barrick Gold Corporation, Probe
Gold Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Electric Element Mining
Corp., SOQUEM Inc., Brunswick Exploration Inc., 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 Corporation portfolio and generate shareholder value.
This press release was reviewed and approved by Richard D St-Cyr, Exploration Director for Midland
Exploration and Qualified Person as defined by NI 43-101, who has 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 statements
This news release contains forward-looking statements and forward-looking information (together, “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 expenditure amount
under the Testing Phase, the payment of success fees to Midland, the advancement of a project to the Joint
Venture Phase and other estimates and statements that describe Midland’s future plans, objectives or goals,
including words to the effect that Midland or management expects a stated condition or result to occur. All
statements, other than statements of historical facts, are forward-looking statements. Forward-looking
statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects
and opportunities to differ materially from those expressed or implied by such forward-looking statements.
Factors that could cause actual results to differ materially from these forward-looking statements include,
without limitation, certain rights of BHP to cease funding under the Alliance, the results of exploration in the
AOI, Midland’ ability to contribute funding to maintain its interests in Designated Projects, Midland’s ability to
fund its contributions under a joint venture, if formed, or have any 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 approvals from government bodies and third parties,
regulatory and governmental policy changes (laws and policies) and those risks set out in Midland’s public
documents, including in each management discussion and analysis, filed on SEDAR at www.sedar.com.
Although 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 this
news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all.
Except where required by applicable law, Midland disclaims any intention or obligation to update or revise
any forward-looking statement, whether as a result of new information, future events or otherwise.
1
Willbob Project Regional Location
1
Strategic Alliance Ni-Cu
Midland-BHP
Soissons Ni-Cu-Co
100% Midland
Strategic Alliance
Midland-SOQUEM
Willbob Project Midland
Ni-Cu JV
Midland-NMEF
2
Willbob project
1477 claims, 679 km2
Willbob project
1477 claims, 679 km2
Willbob Project
1,042 claims, 475 km2
Alias Showing
Up to 72.7 g/t Au Wayne Showing
250.11 g/t Au; 40.13 g/t Au;
32.7 g/t Au; 24.8 g/t Au
SP showing
419 g/t Au, 38.3 g/t Au, 21.7 g/t Au
Serpent Showing
15.35 g/t Au
Cross Lake showing
Up to 8.82 g/t Au, 39.2 g/t Ag
Ants showing
Up to 1.78 g/t Au / 23.3 metres
(channel)
Didgeridoo Gold Zone
2.3 g/t Au / 8.95 m
Nak showing
6.26 g/t Au
New Lac Canyon showing
39.50 g/t Au; 26.50 g/t Au; 9.85 g/t Au
4.66 g/t Au, 3.74 g/t Au, 2.96 g/t Au
Midland Gold Showings
Osisko Kan
Midland Project
Osisko
Willbob Gold Showings
3
Canyon Lake New Gold Zones
New Gold Zone
New Gold Soils Samples
Area not explored
Willbob Project (Canyon-3)
4
39.5 g/t Au
Canyon-3 Area
Quartz Vein-Ankerite-Chlorite
Willbob Project (Canyon-3)
5
4.66 g/t Au
Secteur Canyon-3
Silicified Zone with Pyrrhotite +
Quartz Veinlets