Midland Intersects New Cu-Au-Mo-AG Zones ON Its Mythril Project
MIDLAND INTERSECTS NEW CU-AU-MO-AG ZONES ON ITS MYTHRIL PROJECT
Montreal, September 2 , 2021. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to
announce that new mineralized zones were intersected near surface in drill hole on its Mythril Cu-Mo-
Au-Ag project, wholly owned by Midland and located in Eeyou Istchee James Bay, Quebec. Midland
discovered Mythril by pro specting in late 2018 and concluded a strategic investment with BHP
Canada Inc. (“BHP”) in the spring of 2019 totalling $5.85 million for copper exploration in Quebec.
The latest drilling campaign comp leted at the end of June consisted in seven (7) drill holes totalling
1,647 metres. This program was mainly designed to test n ew geological targets identified through 3D
modelling. The model outlined several untested areas characterized by chargeability highs from the
induced polarization (IP) survey, located near the contact with conglomerates.
Drill h ole MYT-21-38, collared on li ne 5+00E, tested a lateral gap of approximately 300 met res
between drill holes MYT-19-01 and MYT-19-03. Drill hole MYT-21-38 intersected a mineralized
zone from 56.50 t o 85.00 metres grading 0.59% Cu , 0.05 g/t Au, 1.87 g/t Ag and 0.025 % Mo
(0.74% CuEq*) over 28.50 metres including 1.02% Cu, 0.09 g/t Au, 2.62 g/t Ag and 0.048% Mo
(1.29% CuEq*) over 10.50 metres from 56.50 to 67.00 metres. This interval includes two high-grade
zones that returned values of 8.73% Cu, 1 .29 g/t Au, 22.4 g/t Ag and 0.87% Mo (13 .2% CuEq*)
over 0.50 metre from 57.80 to 58.30 metres, as well as 3.50% Cu, 0.11 g/t Au, 6.17 g/t Ag and
0.04% Mo (3.77% CuEq*) over 1.20 metres from 59.80 to 61.00 metres. This zone is also included
within a larger interval grading 0.25% CuEq* over 104.6 metres from 18.0 to 122.6 metres.
Drill hole MYT-21-39, collared on line 6+00E, intersected a Cu-Au zone grading 1.34% Cu, 3.14 g/t
Au, 10.14 g/t Ag an d 0.005% Mo ( 3. 55% CuEq*) over 3.10 metres between 227.60 and 230.70
metres including 2.32% Cu, 13.75 g/t Au, 40.3 g/t Ag and 0.002% Mo (11.90% CuEq*) over 0.70
metre, from 230.00 to 230.70 m etres. This interval is included within a large interval that yielded
0.25% CuEq* over 59.70 metres between 171.00 and 230.70 metres.
Drill hole MYT-21-40, collared on lin e 8+00E, intersecte d a zone grading 0.63% CuEq* over
5.0 metres from 21.00 to 26.00 metres, while a second zone returned 0.53% CuEq* over 3.75 metres
from 96.75 to 100.50 m etres. From 146.50 to 152.00 m etres, another mineralized interval graded
0.25% CuEq* over 5.50 metres. In addition, a gold-bearing interval was also intersected in the same
drill hole, grading 5.95 g/t Au over 1.50 metres from 192.00 to 193.50 metres.
Drill hole MYT-21-41 (line 10+50E) intersected an interval grading 0.40% CuEq* over 5.0 metres
from 72.00 to 77.00 m etres, i ncluding a z one at 1.82% CuEq* over 0.75 metre from 72.00 to
72.75 metres.
The Mythril copper-molybdenum-gold-silver (Cu-Mo-Au-Ag) zone comprises a series of mineralized
subcropping boulder fields and Cu-Mo-Au-Ag showings occurring over a s trike length of more than
3 kilometres. Located about 7 kilometres south of the Trans -Taiga road and hosted in Archean rocks
of the Superi or Province, the first nine-day prospecting campaign conducted in 2018 led to the
discovery of 11 new surface Cu-Mo-Au-Ag showings and 2 molybdenite occurrences, which namely
yielded values of 2.74% Cu, 0 .44 g/t Au, 0 .06% Mo and 24.3 g/t Ag over 2.7 metres in channel
samples on the Celeborn showing. Fifty-seven (57) grab samples from mineralized outcro ps
distributed over a lateral extent o f 2 kil ometres yielded a verage values of 2.03% Cu, 0 .48 g/t Au,
0.18% Mo and 18.3 g/t Ag . Overall, one hundred sixte en (116) mineralized boulders were found ,
yielding an average of 1.92% Cu, 0.87 g/t Au, 0.11% Mo and 20.7 g/t Ag.
The Midland’s team is currently back in the field and is starting a prospecting program on the Mythril
project and also on new regional targets.
Table 1: Summary of best results on Mythril (2021 drilling campaign)
Drill hole From To Width (m) Cu% Au g/t Ag g/t Mo % CuEq*
MYT-21-37 144.00 172.50 28.50 0.07 0.02 0.50 0.001 0.10
including 147.00 148.00 1.00 0.35 0.57 3.10 0.000 0.76
and 166.50 169.50 3.00 0.20 0.04 1.56 0.003 0.25
202.00 236.50 34.50 0.10 0.01 0.51 0.001 0.12
including 218.90 233.00 14.10 0.16 0.02 0.78 0.001 0.18
MYT-21-38 18.00 122.60 104.60 0.20 0.02 0.73 0.008 0.25
including 56.50 85.00 28.50 0.59 0.05 1.86 0.020 0.74
including 56.50 67.00 10.50 1.02 0.09 2.62 0.048 1.29
including 57.80 58.30 0.50 8.73 1.29 22.40 0.868 13.19
and 59.80 61.00 1.20 3.50 0.11 6.17 0.037 3.77
including 75.00 78.50 3.50 1.20 0.10 4.77 0.011 1.34
including 111.00 111.50 0.50 1.64 0.16 6.77 0.005 1.81
MYT-21-39 171.00 297.00 126.00 0.10 0.08 0.63 0.003 0.17
including 171.00 230.70 59.70 0.13 0.17 0.86 0.001 0.25
including 206.10 209.70 3.60 0.48 0.02 0.86 0.002 0.51
including 209.00 209.70 0.70 1.23 0.06 2.11 0.009 1.32
including 227.60 230.70 3.10 1.34 3.14 10.14 0.005 3.55
including 230.00 230.70 0.70 2.32 13.75 40.30 0.002 11.90
MYT-21-40 21.00 26.00 5.00 0.50 0.06 3.24 0.017 0.63
including 22.25 23.00 0.75 1.71 0.13 7.45 0.045 2.03
96.75 100.50 3.75 0.45 0.07 3.46 0.001 0.53
including 98.00 98.75 0.75 1.54 0.29 13.55 0.002 1.85
146.50 152.00 5.50 0.22 0.02 1.37 0.003 0.25
192.00 193.50 1.50 0.01 5.95 0.06 0.000 4.01
MYT-21-41 27.75 29.25 1.50 0.62 0.05 4.26 0.002 0.69
72.00 77.00 5.00 0.36 0.02 2.21 0.004 0.40
including 72.00 72.75 0.75 1.60 0.06 9.43 0.028 1.82
89.25 90.00 0.75 1.89 0.03 6.93 0.009 2.00
126.30 128.80 2.50 0.21 0.02 1.01 0.003 0.24
146.20 146.70 0.50 1.28 0.13 10.70 0.070 1.72
MYT-21-42 29.00 30.75 1.75 1.49 0.09 8.93 0.019 1.70
including 29.00 30.00 1.00 2.03 0.14 11.90 0.022 2.31
39.00 40.75 1.75 0.20 0.03 2.48 0.002 0.25
132.00 133.00 1.00 0.29 0.03 1.14 0.013 0.38
158.90 160.00 1.10 0.28 0.06 1.10 0.011 0.37
172.00 172.75 0.75 0.37 0.06 1.04 0.001 0.41
MYT-21-43 145.00 146.00 1.00 0.13 0.77 8.11 0.001 0.72
213.00 214.50 1.50 0.01 0.13 0.40 0.000 0.09
235.00 236.50 1.50 0.02 0.11 0.22 0.001 0.10
*Metal prices used to calculate CuEq values are: $1,285/oz Au, $2.77/lb Cu, $15/oz Ag, $10.90/lb Mo.
Metal recovery is assumed to be 100%.
**Note that th e true thickness of mineraliz ed i ntervals cannot be determ ined with the in formation
currently available.
Quality control
Exploration program design and interpretation of resu lts is performed by qualified persons em ploying
a Quality Assurance/Quality Control program consistent with industry best practices, including the use
of standards and blanks with every 20 samples. Rock samples on the project a re assayed for gold by
standard 30-gram fire-assaying with inductivel y coupled plasma atomic emission spectroscopy (ICP -
AES; Au -ICP21) or gravimetric finish (Au -GRA21) at ALS Minerals labo ratories in Vancouver,
British Columbia. All samples are also analysed for multi-elements, using four-acid ICP–AES method
(ME-ICP61), also at ALS Minerals laboratories in Vancouver, British Columbia. Samples that exceed
1% copper, zinc, molybdenum or nicke l are reanalyzed by four -acid ICP -AES optimized for high
grades.
About Midland
Midland targets th e excellent mineral potential of Quebec to make the discovery of new world -class
deposits of gold, platinum group elements a nd base metals. Midland is proud to count on reputable
partners such as BHP, Wallbridge Mining Company Ltd., Probe Metals Inc., Agni co Eag le Mines
Limited, SOQUEM INC., Osi sko Development Corp., Nunavik Mineral Exploration Fund and
Abcourt Mines Inc. Midland prefers to work in partnership a nd intends to quickly conclude additional
agreements in regard to ne wly acquired properties. Mana gement is curr ently reviewing other
opportunities and projects to build up Midland portfolio and generate shareholder value.
This press release was reviewed and approved by Mario Masson. P.Geo., VP Exploration f or Midland
and Qualified Person as defined by NI 43-101, who also approved the techni cal 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
Mythril Regional Location
Newmont
Éléonore Gold Mine
Eastmain Ressources Inc.
Eau Claire Gold Deposit
Mythril Project
Cu-Au-Mo-Ag
Stornoway Diamond Corp.
Renard Mine
Sirios Ressources Inc.
Cheechoo Gold Deposit
QPMC.
La Pointe Gold Deposit
New Midland
Komo Gold Project
New Patwon discovery
Azimut Exploration Inc.
Midland Elrond
Gold Project
THE NEXT MAJOR DISCOVERER IN QUEBEC 1
MythrilRegional New 2019-2020 Showings
Granite
Paragneiss
Tonalite
Mafic volcanics
Granite,
granodiorite
Chisaayuu block new showing
9 outcrop grabs
Average: 0.11 % Cu, 0.01 %
Mo, 0.2 g/t Au
Up to: 0.79 g/t Au, 0.22 % Cu Corvette block new showing
5 outcrop grabs
Average 0.65 % Mo, 0.1 % Cu, 0.09 g/t
Au, 6.0 g/t Ag, and Up to: 1.79 % Mo
Subcrop 3.84 g/t Au, 0.45 % Mo
Mythril Main Block Cu-
Au-Mo-Ag showings
New Tornado Au-Cu-Mo-Ag showing
Up to: 4.7 gt Au (grabs); Up to: 0.39
% Cu (grabs)
Float grab: 3.13 g/t Au, 0.35 % Cu
Boromir Floats
22 mineralized float grabs
Average 0.12 % Cu;
Up to: 0.45 % Cu
Faramir Cu Showing
4 outcrop grabs
Average: 0.17 % Cu
Up to 0.45 % Cu; up
to 0.02 % Mo
Au-As Float
3.47 g/t Au; 1.1 g/t Au (grabs)
2021 IP Survey
2020 IP Survey
THE NEXT MAJOR DISCOVERER IN QUEBEC 2
Mythril –Surface Cu-Au-Mo-Ag Showings
Paragneiss float
0.17% Cu, 4.7 g/t Ag
Lindir
0.2% Cu
Eriador + Misty
Up to 12.65% Cu
(outcrop),
16.95% Cu (float)
Luthien
1.32% Cu
Lorien
3.04%
Mo
Grey Havens
Up to 9.22%
Cu
Liv
Up to
9.53% Cu
Sept 2018
Showings
Council
Mo Zone
Haldir
Up to
2.75% Cu
THE NEXT MAJOR DISCOVERER IN QUEBEC 3
12.0 % Cu, 0.33 g/t Au, 0.01 % Mo, 23.1 g/t Ag
Field Photos Of Mineralized Boulders
THE NEXT MAJOR DISCOVERER IN QUEBEC 4
Galadriel Showing Semi-Massive Chalcopyrite
Channel R1
6.34% Cu, 0.24% Mo, 0.78
g/t Au, 49.4 g/t Ag / 0.25m
THE NEXT MAJOR DISCOVERER IN QUEBEC 5