Midland Provides an Overview of Its 2023 Exploration Activities with Its Partners and to Follow-up ON Its New Discoveries
MIDLAND PROVIDES AN OVERVIEW OF ITS 2023 EXPLORATION ACTIVITIES WITH
ITS PARTNERS AND TO FOLLOW-UP ON ITS NEW DISCOVERIES
Montreal, January 19, 2023. Midland Exploration Inc. (“Midland”) ( TSX-V: MD ) is pleased to
provide an overview of its plans for 2023 in Quebec with exploration activities aimed at following up
on its new discoveries made throughout 2022.
In 2023, Midland will continue to apply its business model as a “Project Generator” with the recent
acquisition of several new high-quality properties and the formation of several new partnerships across
Quebec, inclu ding new partnerships for lithium exploration in the James Bay region. With a n
exploration budget for 2023 estimated at more than $11 million and 20,000 metres of drilling planned,
Midland will be very busy, working to advance several projects in partner ship with major companies
such as BHP Canada Inc. (“BHP”), Rio Tinto Exploration Canada Inc . (“Rio Tinto”), SOQUEM Inc.
(“SOQUEM”), Probe Gold Inc. (“Probe”) and Wallbridge Mining Company Ltd (“Wallbridge”).
Highlights
• New Cu-Au-Mo-Ag discovery (0.21% CuEq/345.5 m) with Probe on La Peltrie;
• High-grade gold shears (18.9 g/t Au) and floats (28.7 g/t Au) discovered on Laflamme JV;
• New discovery of high-grade Cu-Au under the Labrador Alliance with SOQUEM;
• One-year extension of the Generative Phase of our Nickel Strategic Alliance with BHP
($1.4 million) and major magnetotelluric (MT) survey recently completed;
• Heliborne VTEM survey conducted with Rio Tinto on our Tête Nord Ni project; Drilling in
progress
• New option agreement with Brunswick on Mythril and Elrond for their lithium potential;
La Peltrie Project (Cu-Au-Ag-Mo) – Option Agreement with Probe
In December 2022, Midland, in p artnership with Probe, announced the discovery of a lar ge copper-
gold-silver-molybdenum ( “Cu-Au-Ag-Mo”) mineralized system on t he La Peltrie property located
15 kilometres southeast of Agnico Eagle Mines Limited’s Zone 58N gold deposit and 25 kilometres
west of the former Selbaie mine, which produced 56.9 Mt grading 0.87% Cu, 1.85% Zn, 39 g/t Ag and
0.55 g/t Au (historical production).
The mineralization intersected in hole LAP-22-012 was present throughout the drill hole, defining a
wider Cu-Au-Ag-Mo intercept grading 0.21% CuEq over 345.5 metres from surface, with potential
to continue laterally and at depth.
Midland and Probe are curre ntly planning the next phase of work including a winter induced
polarization (IP) survey, a spring prospecting program , and a summer 2,500 metres drilling program
with a focus on testing new induced polarization anomalies strategical ly positioned to the nor th and
west of discovery hole LAP-22-012.
Laflamme Project (Au, Ni-Cu) – Midland (79%) and Abcourt Mines Inc. (21%) Joint Venture
A ma jor drilling program, totalling 10,000 metres, was launched in Dec ember 2022 in the Abitibi
region on five ( 5) projects targeted under the Abitibi Discovery Drilling Program (“ADDP”). A total
of 40 new exploration targets will be tested on the Laflamme, Patris, Heva, Adam and Lewis projects.
This drilling program will a lso test the best targets located near high-grade gold floats discovered on
the Laflamme JV project that returned up to 28.7 g/t Au and 6.0 g/t Au in grab samples. Rece ntly,
new g old-bearing shear zones grading up to 18.9 g/t Au and 5.7 g/t Au (grab sample s) were
discovered north of th ese gold-bearing floats (see Midland’s press release dated November 2 9, 2022).
This program will also tes t Ni-Cu-Pt-Pd targets identified using the 3D model proximal to the
Copernick zone which returned 0.45% Ni, 0.33% Cu, 0.15 g/t Pt and 0.24 g/t Pd over 42.6 metres
in drill hole LAF-16-38. A minimum of 4,000 metres is planned on the Laflamme project.
Nachicapau Project (Cu-Au-Ag) – Strategic Alliance with SOQUEM
A new high -grade copper, gold and silver ( “Cu-Au-Ag”) mineralized system was discovered by
prospecting by the Midland -SOQUEM team in August 2022 in the area south of Nachicapau Lake.
This system consist s of several mineralized horizons observed at surface over an area of at least
160 metres by 170 metres. The best results yielded grades up to 25.6% Cu, 4.90 g/t Au, and 162 g/t
Ag (29.97% CuEq) in a grab sample collected on outcrop. Channel sampling was u ndertaken in this
area, yielding grades of 1.49% Cu, 0.54 g/t Au, and 11.41 g/t Ag (1.93 % CuEq*) over 4.0 metres
(channel #1) and 0.90% Cu, 0.45 g/t Au, and 6.50 g/t Ag (1.25% CuEq*) over 3.0 metres
(channel #2). Due to the vegetative cove r, the mineralized zone remains open in all directions and the
full extent of this new mineralized system has yet to be determined.
For 2023, Midland and SOQUEM are planning a soil geochemistry survey as well as a prospecting
and stripping program, for an estimated budget of $1 million.
In ad dition, for 2023, Midland expe cts to gene rate a steady stream of ne ws from its various
partnerships and key projects, namely:
Nunavik Alliance with BHP (Ni-Cu); Midland is project operator under the Nunavi k Alliance with
BHP and will adopt a focused approach in 2023 in an effort to generate a world-class Ni-Cu discovery.
Fieldwork conducted since 2020, including regional VTEM and m agnetotelluric geophysical surveys,
confirms the potential for the d iscovery of an important world -class Ni-Cu deposit. Midland and BHP
are currently preparing their 2023 exploration plans.
Tête-Nord Option with Rio Tinto (Ni-Cu); Near the end of 2021, Midland entered into an option
agreement with Rio T into for the Tête-Nord ( Ni-Cu) project located in the Grenville geological
Province, near the town of La Tuque in Haute Mauricie. Following the h elicopter-borne VTEM-type
electromagnetic survey totalling 6,635 line kilometres that was completed in 2022, a drilling campaign
totalling 3,750 me tres was launched in December 2022 to test 15 targets mainly consisting of new
VTEM conductors. These conductors are strategically positioned along the extensions, or proximal to
historical Ni-Cu occurrences such as Savane and Rochette, or in new areas of interest discovered this
summer including the Bonhomme area located north of the former Lac Edouard Ni-Cu mine, as well
as the Cabouron and Tête Sud areas. The first assay results are expected in early February 2023.
New partnership for lithium (Li) in the James Bay region ; Midland holds a significant portfolio of
properties in the James Bay region t hat is st rategically located rela tive to new lithium discoveries ,
including the lithium di scovery recently reported by Patriot B attery Metals In c. (“Patriot”) on the
Corvette project that yielded drill inter cepts including 1.65% Li2O and 193 ppm Ta 2O5 over
159.7 metres.
Midland recently entered into a new option agreement with Brunswick Exploration Inc. (“Brunswick”)
for lithium exploration on two of its properties wholly owned by Midland and located in the Eeyou
Istchee James Bay region, Quebec. These two properties i nclude the Mythril and Elrond blocks
totalling 513 claims and covering a surface area of approximately 263 square kilometres . The Mythril
property in particular is located 1.5 kilometre s north of the lithium pegmatites intersected by Patriot.
Midland has granted to Brunswick the option to acquire exploration rights for all metals or minerals
except precious metals (gold, platinum, palladium and silver) and base metals (copper, zinc, nickel and
lead) on these two properties.
Cautionary statements
Grab samples are selective by nature and reported va lues are not necessarily indicative of mineralized
zones.
The tru e thickness of reported c hannel and dr illing intervals cannot be determined w ith the
information currently available; intervals are thus reported in core length and channel length.
Mineralization occurr ing a t deposits and former mines mentioned in th is press release is not
necessarily indicative of mineralization that may be intersected on projects held by Midland described
in this press release.
Quality Control
During the last drilling program, assay samples were taken from the NQ core by sawing the drill core
in half, with one -half sent t o a certified com mercial laboratory and the other half retain ed for future
reference. A strict QA/QC program was applied to all samples; which includes insertion of
mineralized sta ndards and blank samples for each batch of 20 sam ples. The gold analyses wer e
completed by fi re-assayed with an a tomic absorption finish on 50 grams of materials. Repeats were
carried o ut by fire -assay fo llowed by gravimetric testing on each sample contain ing 3.0 g/ t gold or
more. Total gold analyses (Me tallic Sieve) were carried out on the sample s which presented a great
variation of their gold contents or the presence of visible gold. Some samples had additional analysis
completed using 35 multi-element geochemical package by 4 -acid digestion, followed by In ductively
Couple Plasma Mass Spectrometry (ICP-MS) finish.
About Midland
Midland targets the excellent mineral potential of Quebe c to make the disco very of new world -class
deposits of g old, base metals and platinum group elements. 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 Development Corp. , SOQUEM Inc.,
Brunswick Exploration Inc., Nunavik Mineral Explora tion Fund, and Abcourt Mines Inc. Midland
prefers to w ork in partn ership and intends to quic kly conclude additional a greements 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 prepared by Mario Ma sson. 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 E xchange nor its Regulation Services Pr ovider (as that te rm is defined in the
policies of th e TS X Ventur e Ex change) accepts res ponsibility for th e ade quacy or accuracy of this
release.
This press release may contain for ward-looking statements that are subje ct to known and unknown
risks and unce rtainties that cou ld cause actual results to vary materially from targeted results. Such
risks and uncerta inties include those described in Mid land’s p eriodic reports including the annual
report or in the filings made by Midland from time to time with securities regulatory authorities.
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DETOUR LAKE
NELLIGAN
ZONE 58N
MARTINIERE
BUG LAKE FENELON / TABASCO
CASA BERARDI DOUAY VEZZA
GEANT DORMANT
MOROY
LAC ROSE
WINDFALL
BARRY
Kenorland / Newmont Option
PERRON
WESTWOOD CROINOR
CANADIAN MALARTIC
KIENA
GOLDEX
LAMAQUE
HOLT / MCDERMOTT
Volcanics
Igneous rocks
Sediments
Midland Projects
Gold Mines, Projects
Sunday Lake FaultLower Detour Fault
Cadillac Fault
FAYOLLE
BEATTIE
Laflamme
Abcourt JV
Coigny
Turgeon
La Peltrie
Probe Opt
Casault
Wallbridge Opt
Lac Esther
Nomans
Jeremie
Valmond
ELDER
WASAMAC
GRANADA
Chicobi Fault
Gaudet-Fenelon
Probe JV
Guyberry
Patris
Fleuribleu
LAC SHORTT
M-Cadillac
Agnico Eagle JV
Mistaouac Jouvex
Heva
Abitibi – Midland Projects & JV’s
Casault Option Wallbridge
Tills Sonic program and
drilling in 2023
La Peltrie Option Probe
IP + 2,500 m drilling program for 2023
New Cu-Au-Mo-Ag Discovery
0.2% CuEq over 345.5 m
2023 Drilling ADDP
Lewis Project
2023 Drilling ADDP
Noyelles
Patris Project
Drilling in progress (3,000 m)
Gaudet-Fenelon JV Probe
2023 IP surveys
Lewis
Samson
Heva Project
2023 Drilling ADDP LARONDEHORNE 5
BELL OSBOURNE
Laflamme JV Project
2023 Drilling ADDP
Adam
Adam Project
2023 Drilling ADDP
Nickel Square Ni-Cu
New 2022 acquisition
Laflamme JV
New 2023 High-grade Discoveries
Up to 28.7 g/t Au (Float)
Up to 18.9 g/t Au (Grab)
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James Bay Geology – Midland Projects
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La Pointe
Serpent
La Grande Sud Orfée
Eau Claire
Wabamisk
Patwon
Eleonore Mine
Cheechoo
Mythril
Osisko JV
Eleonore
Centre
Moria
Helm’s Deep
Shire
McDuff
Komo
Wookie
Galinee
Lasalle
Meta Volcanics
Igneous rocks
Paragneisses
Midland Projects
Gold Mines, Projects
Stornoway
Opinaca
La Grande
Eastmain
La Grande
Chisaayuu
Mythril East
Tilly South
Corvette
Elrond
Chisaayuu
Mineralized floats
10.3 g/t Au, 8.0 g/t Ag &
8.0 g/t Au, 166 g/t Ag, 0.4% Cu,0.07% Mo
Brunswick Option (Li)
Mythril
Up to: 0.59% Cu, 0.05 g/t Au, 1.87 g/t Ag and
0.025% Mo (0.74% CuEq) over 28.50 m
Patriot Battery
Corvette Lithium Project
Galinee
Elsa Showing up to 14,9 g/t Au (grab)
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Strategic Alliance Ni-Cu
Midland-BHP
Exploration program in preparation for 2023
Strategic Alliance
Midland-SOQUEM
New Nachicapau Cu-Au-Ag Discovery
Up to 25.6% Cu, 4.9 g/t Au, 162 g/t Ag (grab)
Midland-NMEF JV Ni-Cu
Willbob Au
Pallas PGE
Soissons Ni-Cu
Nunavik –Midland Projects & Alliances
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Rio Tinto Tete Nord - 2023 Drilling Areas
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Midland claims : Option Agreement Rio Tinto
New claims : Option Agreement Rio Tinto
Rio Tinto Properties
Other Competitors - claims
La Tuque
Lac Édouard
Lac Bouchette
Lac Edouard Mine Ni-Cu Main Showings
Mine (closed)
Drilling at Cabouron
2023 Drilling Areas (3,750 m ; 15 ddh’s)
Drilling at Savane, Rochette & Tête Sud
Drilling at Bonhomme