Midland Expands Its Land Position FOR GOLD IN James BAY with the New Caniapisc Au Project
MIDLAND EXPANDS ITS LAND POSITION FOR GOLD IN JAMES BAY
WITH THE NEW CANIAPISC AU PROJECT
Montreal, April 9, 2024. Midland Exploration Inc. (“Midland”) (TSX-V: MD), is pleased to announce
the expansion of its gold project portfolio with the recent acquisition, by map designation, of the
Caniapisc Au project in the Eeyou Istchee James Bay and Caniapiscau regions. The Caniapisc Au project
is wholly owned by Midland and consists of 94 claims covering an area of 47 square kilometres.
Highlights:
• Recent acquisition by map designation of the Caniapisc Au project;
• Historical unexplained gold anomalies in till samples with up to 41 pristine and 66 modified
gold grains;
• Reconnaissance exploration program planned for summer 2024.
The Caniapisc Au project is positioned south of the Caniapiscau Reservoir and geologically located
within the Ashuanipi subprovince , a less known and explored portion of the Archean Superior
Province. The project is more specifically located in the Raynouard Complex , characterized by a 50
kilometre-long volcanosedimentary belt comprising bimodal volcanic sequences, metasediments and
iron formations. In the Superior Province, bimodal (basalts and rhyolites) volcanic sequences and iron
formations are respectively recognized in general for their potential in base metals (Cu-Zn-Ag-Au) and
gold. Moreover, the Raynouard Complex is less metamorphosed and thus better preserved than other
areas of the Ashuanipi subprovince, which is favourable for mineral exploration (better preservation
of potential deposits).
Historical exploration work, to the south of the Caniapisc Au project , highlights the potential of the
Raynouard Complex with the presence of volcanogenic Cu -Zn-Ag-Au and porphyric Cu -Au-Ag-Mo
mineralizations. Historical showings to the south include: Eagle Showing with selected grab samples
returning up to 0.76% Cu, 8.94% Zn, 14.3 g/t Ag, 0.73 g/t Au, and up to 3.78 g/t Au over 1.0 metres
in channel sampling; Peacock Showing returned 1.7 g/t Au over 7.0 metres in channel sampling; and
the Falcon Showing with selected grab samples returning up to 8.6% Cu, 3.8 g/t Au. 49.6 g/t Ag, 1.3%
Mo, and up to 3.0% Cu, 4.4 g/t Au, 20.1 g/t Ag over 1.0 metres in drilling sampling.
The Caniapisc Au project is strategically located north of these showings where a historical 2014 till
sampling survey identified gold anomalies. Three (3) till samples, located on the project, returned up to
41 pristine, 66 modified, and 9 remodeled gold grains, which to our current knowledge have not been
followed up extensively. The concentration of pristine and modified gold grains combined with the
observation that most of the pebbles present these tills are mostly of volcanic and sedimentary origin
could indicate a proximal source up-ice. These till gold counts are considered to be highly anomalous.
For example, the anomaly threshold for gold grains in tills from the gold-rich Timmins area in the Abitibi
is only 5 grains (McClenaghan, 2001). This statistic is derived from samples processed using the same
method and laboratory as the ones reported here.
A reconnaissance prospecting and till sampling program is currently planned for the upcoming summer
exploration season to identify the gold source related to these till anomalies.
Cautionary statements
Grab samples are selective by nature and may not be representative of mineralized zones.
Mineralization occurring at deposits and showings mentioned in this press release is not necessarily
indicative of mineralization that may be intersected on projects held by Midland and mentioned in this
press release.
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 RTEC, BHP
Canada Inc., Barrick Gold Corp., Wallbridge Mining Company Ltd, Probe Gold Inc., Agnico Eagle
Mines Limited, Electric Element Mining Corp., SOQUEM Inc., Brunswick Exploration Inc., Nunavik
Mineral Exploration Fund, Cosmos Exploration Limited 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 Midland’s
portfolio and generate shareholder value.
Qualified Person and Chief Geologist Jean-François Larivière, P. Geo, Ph. D, prepared this press release
and verified the project data as Midland’s qualified person (QP) within the meaning of National
Instrument 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 Midlan d’s periodic reports including the annual report or in
the filings made by Midland from time to time with securities regulatory authorities.
1
Midland Projects: Eeyou Istchee James Bay
1
James Bay Li
Deposit (Arcadium)
Corvette Li
pegmatites
(Patriot Battery
Metals)
Adina Li
(Winsome)
Mythril , Mythril
East,Tilly, Chisaayuu
& Corvette
Whabouchi
Li Deposit
(Nemaska)
Volcanic
Sedimentary
Intrusive
Komo
Caniapisc Au
New Project
Moria
Shire
Newmont
Éléonore Gold Mine
Stornoway Diamond Corp.
Renard Mine
Main Road
Midland
Lithium Deposit
Gold Deposit
Galinée
2
Caniapisc Au New Project
2
Caniapisc Au
New project
Peacock Showing Area
Up-to 1.7 g/t Au over 7.0m (channel)
4.4 g/t Au over 1.0m (drilling)
Midland
Gold Occurrence
Volcanic
Sedimentary
Intrusive
Till Samples
Gold Anomalies Main glacial
dispersion