Midland Provides an Overview of Its 2024 Exploration Activities with Its Partners and Also Follow-up ON Its New Discoveries
MIDLAND PROVIDES AN OVERVIEW OF ITS 2024 EXPLORATION ACTIVITIES WITH
ITS PARTNERS AND ALSO FOLLOW-UP ON ITS NEW DISCOVERIES
Montreal, February 14, 2024. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to give
an overview of its exploration activities planned for 2024 in Quebec, including on its several projects in
partnership for gold in the Abitibi belt, lithium in James Bay region, nickel-copper in the Nunavik and
Grenville regions and copper-gold in the Labrador Trough. The exploration activities aim at following
up on new discoveries made throughout 2023.
In 2023, Midland continued 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. With an exploration budget of more than $19M ($3M Midland - $16M Partners), and nearly
25,000 metres of drilling, Midland will be very busy working to advance several projects in partnership
with major companies such as BHP Canada Inc. (“BHP”), Rio Tinto Exploration Canada Inc. (“RTEC”),
Barrick Gold Co rporation ( “Barrick”), SOQUEM Inc. ( “SOQUEM”), Brunswick Exploration Inc.
(“Brunswick”), Probe Gold Inc. ( “Probe”), Wallbridge Mining Company Ltd. ( “Wallbridge”) and
Cosmos Exploration Limited (“Cosmos”).
Highlights:
• New copper-gold discovery on La Peltrie project with Probe (0.20% CuEq*/513.5 m);
• Till drilling campaign planned with Barrick on Patris project;
• Drilling planned with RTEC on new lithium showings, Galinée project;
• Exploration programs for lithium in James Bay with RTEC and Cosmos focussing near
Corvette (Patriot Battery Metals Inc.) and James Bay lithium (Arcadium Lithium);
• New gold discovery with Cosmos of a 42.4 g/t Au boulder on the Lasalle project;
• Ni-Cu prospecting work in 2023 with BHP has identified potential targets for follow up, in
Nunavik;
• Drilling ongoing with RTEC and following-up the Santos Ni-Cu discovery on Tête Nord;
• Prospecting and soil sampling planned over new high-grade Cu-Au showings on the
Nachicapau project in partnership with SOQUEM;
Gold and Copper Gold Projects (Au, Cu-Au); Abitibi
Patris Project – 100% Midland, in an option agreement with Barrick
The Patris project is located less than 10 kilometres northwest of the prolific Doyon/Westwood -
Bousquet-La Ronde gold mining camp, and covers the Manneville Fault over more than 8 kilometres
and the La Pause Fault over more than 10 kilometres, both recognized as subsidiary faults to the well-
known Destor-Porcupine Fault Zone. A VTEM helicopter-borne electromagnetic survey completed in
2023 is used to map overburden thicknesses and its variations in preparation for an upcoming till
drilling campaign. A total of 4000 metres of Sonic drilling is planned in 115 drill holes to characterize
geochemical dispersion trains in the glacial till overlain by lacustrine clays.
La Peltrie Project – 100% Midland, in an option agreement with Probe
The La Peltrie project is located 15 kilometres southeast of Agnico Eagle’s Zone 58N gold deposit and
approximately 25 kilometres west of the former Selbaie mine . The 2022 new copper -gold-silver-
molybdenum (“Cu-Au-Ag-Mo”) mineralization intersected in drill hole LAP-22-012 was extended and
returned 0.13% Cu (0.20% CuEq*) over 513.50 metres, core length (see press release by Midland dated
January 23, 2024 ). Another drill hole, LAP-23-18, approximately 150 metres east of the drill hole
LAP-22-12, intersected a Cu-Au-Mo-Ag mineralized interval grading 0.11% Cu (0.15% CuEq*) over
363.00 metres, including a high-grade zone with grades of 1.18% Cu (1.33% CuEq*) over 9.50 metres.
A follow-up drilling campaign aiming for higher grades is currently in planning for 2024.
Casault Project – 100% Midland, in an option agreement with Wallbridge
In 2023, Wallbridge completed a high -resolution magnetic survey on select areas over the western
portion of the property, as well as a till sampling program (Sonic drilling) in the eastern part of the
property. The final interpretations of the programs are in progress, but anomalous gold grain counts
were identified along the northern contact of the Sunday Lake deformation corridor, and also included
the presence of pristine gold grains. Exploration targets are being generated for future drill testing .
Additionally, several quality drill targets remain to be tested on the entire Casault property, several of
which are located in the area surrounding the Vortex showing discovered in 2017, which is open at
depth, and along a NW- SE structure that returned 6.85 g/t Au over 2.0 metres in hole CAS-21-123.
Lewis Project – 100% Midland
The Lewis project is l ocated approximately 60 k ilometres southwest of the town of Chapais , in the
Eeyou Istchee James Bay region. Exploration work by Midland, since 2020, identified two (2) new
gold showings named Red Giant and Golden Nest which returned respectively 0.35 g/t Au over 9.0
metres and 0.65 g/t over 6.0 metres in channel sampling. Grab sampling on Golden Nest returned up
to 10.2 g/t Au ( see press release by Midland dated August 19, 2021 ). Induced Polarization (“IP”)
anomalies associated with or near the showings were also identified.
A 725 -metre drilling program has commenced on the project and targets the showings and IP
anomalies.
Lithium Projects (Li); James Bay
Galinée Project – 100% Midland, in an option agreement with RTEC
The Galinée project is located approximately 4 kilometres due east of the Adina showing held by
Winsome Resources . This showing is located at the contact between amphibolites of the Trieste
Formation to the south and felsic intrusives to the north and is marked by a major structure that likely
controlled the emplacement of pegmatites at the Adina showing. The same highly favourable contact
zone is present on the property over more than 7 kilometres, and the new Iceberg lithium showing was
discovered along this contact (see press release by Midland dated September 19, 2023).
The Iceberg showing consists of a series of spodumene exposures outcrop, now over a 600m east-west
strike intermixed with amphibolite and granodiorite. High-grade grab samples on the Iceberg showing
returned up to 7.2 % Li2O, including 6 samples grading between 5.0 % Li2O and 7.2 % Li2O (see press
release by Midland dated November 2, 2023 ). Two other new lithium showing s, Iceberg Southwest
and Iceberg South, were located respectively 900 and 500 metres from the main Iceberg showing. The
Iceberg Southwest spodumene-bearing outcrop returned three (3) samples grading between 3.0% Li2O
and 3.6% Li 2O. Moreover, a spodumene -bearing boulder located 100 metres west of this showing
returned 4.1% Li 2O. The Iceberg South Showing consists of a pegmatite subcrop and returned an
anomalous lithium value of 0.7% Li2O (see press release by Midland dated January 15, 2024).
Data from a recently completed high-resolution airborne magnetic and radiometric survey is currently
being used to identify structures that could host spodumene pegmatites and provide drilling targets.
The received LiDAR data will also guide future work to expand the footprint of spodumene outcrops
on Galinée. A maiden drilling campaign is currently confirmed and being planned on Galinée for early
summer 2024 and will include diamond and possibly the addition of reverse circulation drilling to test
the showing and its extensions.
Elrond and Mythril Projects – 100% Midland, in an option agreement with Brunswick
The Elrond project is located 90 kilometres southeast of the town of Radisson while the Mythril project
is near Corvettes’ lithium deposit owned by Patriot Battery Metals Inc. The first phase of prospecti ng
successfully discovered the new spodumene -pegmatite Arwen Showing on the Elrond project. No
lithium phases were initially highlighted on the Mythril project as the focus shifted towards the Arwen
discovery. The Arwen showing is exposed over an area of approximately 250 metres by 100 metres and
is shallow ly dipping to the north . The Arwen showing includ es a 75-by-15-metre zone visually
containing up to 30% spodumene (see press release by Midland dated October 3, 2023).
Brunswick is planning to drill-test this new showing in 2024.
Corvette, Chisaayuu and Mythril East Projects – 100% Midland, in option agreement with RTEC
These projects are located northeast and southeast of the Corvette deposit held by Patriot Battery
Metals Inc. with an estimated inferred resource of 109.2 Mt at 1.42% Li2O (see press release by Patriot
Battery Metals Inc. dated September 8, 2023). New lithium anomalies in lake-bottom sediments have
been identified on Chisaayuu and Corvette following a regional statistical treatment of more than
23,000 analysis and completed by Midland (see press release by Midland dated March 6, 2023).
A first exploration program including LiDAR surveys as well as prospecting and mapping work was
successful in identifying several pegmatites. No lithium phases were observed so far, but geochemistry
of these pegmatites is underway to determine their full p otential to further vector future work. For
2024, further prospecting and mapping work, for lithium mineralization, is planned on these projects.
Komo Project – 100% Midland, in an option agreement with RTEC
The Komo Project is located approximately 20 kilometres west of James Bay lithium deposit
(Arcadium Lithium ) which contains indicated resource s of 54.3 Mt at 1.30% Li 20 and inferred
resources of 55.9 Mt at 1.29% Li20 (see press release by Allkem Limited dated September 25, 2023).
Komo and the James Bay lithium deposit are both located at the contact between the La Grande and
Nemiscau geological subprovinces. This contact is a major structure that likely play a critical role in the
emplacement of the James Bay lithium host pegmatite and is present over nearly 30 kilometres on the
Komo project. Furthermore, a new lake bottom lithium anomaly was identified following the regional
statistical treatment completed by Midland ( see press release by Midland dated March 6, 2023 ). A
LiDAR survey completed in the summer of 2023 will assist in a follow-up prospecting and geological
mapping campaign planned in 2024.
Shire, Picard, Warp and Sulu Projects – 100% Midland, in option agreement with RTEC
The Shire project is located within amphibolites of the Lac des Montagnes geological Group, which
hosts the Whabouchi lithium deposit about 60 kilometres southwest of Shire. The Whabouchi lithium
deposit is characterized by a pegmatite intrusion assigned to the Senay granitic Suite, which also occurs
on the Shire project. Th is project is also located at the boundary between the La Grande and Opatica
geological subprovinces, a major structure that could be critical for the emplacement of lithium-bearing
pegmatites in the area. A regional statistical treatment completed by Midland identified several strong
lake bottom sediment lithium anomalies on the Shire, Picard, Warp and Sulu projects (see press release
by Midland dated March 6, 2023).
Prospecting and geological mapping programs are planned on these projects.
Lasalle Project – 100% Midland, in an option agreement with Cosmos
An interpretation of high-resolution magnetic surveys as well as the analysis of imagery data, LiDAR
and hyper-spectral data were completed and made it possible to identify three (3) new target areas
characterized by the possible presence of pegmatites for a field follow-up which was recently
completed. The first short phase of exploration did not highlight lithium mineral phases; however,
several pegmatites sampled, mostly boulders, indicate the presence of pegmatitic intrusions on the
project. While exploring for lithium, a mafic mineralized boulder returned 42.4 g/t Au. A nother
exploration and follow-up campaign is currently being planned for 2024.
Nickel-Copper and Copper-Gold Projects (Ni-Cu, Cu-Au); Nunavik and Labrador Through
Nunavik Nickel Project – Strategic Alliance with BHP
The 2023 exploration program focused on a major crustal-scale structure that has been identified by the
2022 regional MT survey. This previously poorly recogni zed structure is potentially favo urable for
nickel-copper mineralization and was thus followed up with a 1,534-sample lake sediment survey , an
airborne Z -Tipper axis electromagnetic survey (“ZTEM”) and also two phases of prospecting and
geological mapping. Results from these surveys have identified new potential targets for follow up with
more detailed geophysics and a field campaign.
Nachicapau Project – Strategic Alliance with SOQUEM
The Nachicapau project is located in the Labrador Trough, Nunavik, in the Nachicapau Lake area. The
2023 exploration efforts were focused on the Cu -Au-Ag mineralized zone discovered in the summer
of 2022, which graded up to 25.6% Cu, 4.90 g/t Au and 162 g/t Ag on grab samples (see press release
by Midland dated October 4, 2022 ). Soil sampling followed by prospecti ng in 2023 successfully
identified six (6) new mineralized veins and fourteen (14) boulders over an area of seven (7) square
kilometres. Digenite -bornite-malachite mineralization occurs in calcite -clinochlore veins with grab
sample returning grades of 13.80% Cu and 1.71% Cu on outcrop s, and up to 20.40% Cu in boulders
(see press release by Midland dated December 7, 2023 ). One (1) boulder also returned 3.98 g/t Au
(3,33% Cu and 28.2 g/t Ag).
Geological and structural studies combined with a high resolution geophysical magnetic drone survey
is currently planned to further comprehend and generate targets. A prospecting and soil geochemical
survey is planned for the 2024 field season.
Nickel-Copper Project (Ni-Cu); Grenville
Tête Nord Project – 100% Midland, in an option agreement with RTEC
The Tête Nord property covers mafic and ultramafic rocks of the La Bostonnais Complex north of La
Tuque, which hosts the former Lac Edouard mine that historically produced 50,000 tonnes of ore grading
1.50% Ni and 0.50% Cu (source: SIG ÉOM NTS sheet 31P/09). The new Santos Ni -Cu zone was
discovered in early 2023 , about 8 kilometres north of the former Lac Edouard deposit, following the
drill testing of an electromagnetic VTEM anomaly during a 3,450 total metres drilling campaign over
sixteen (16) drill holes. The discovery hole (MDLD0015) intersected, from 14 metres to 80 metres
downhole depth, several layers with Ni -Cu mineralization within altered gabbro horizons. From 20.11
to 22.79 metres, the drill hole intersected 1.10% Ni and 0.71% Cu over 2.68 metres. Further down, from
33.02 to 43.39 metres, a mineralized interval graded 0.45% Ni and 0.18% Cu over 10.37 metres ( see
press release by Midland dated April 27, 2023).
A second shallow hole was drilled in July 2023 on the Santos zone, approximately 50 metres west of
the discovery hole. After going through 11.66 metres of overburden, drill hole MDLD0018 intersected
a mineralized zone grading 0.33% Ni and 0.12% Cu over 39.73 metres, from 11.66 to 51.39 metres
downhole depth (see press release by Midland dated October 12, 2023). The interval exhibits impressive
magmatic breccias with decimetre -scale semi -massive sulphide zones, indicative of a dynamic
magmatic system at Santos. A target similar to Santos occurs 770 metres to the south. The Santos South
target consists of a subtle airborne EM located in a very similar fold structure as the Santos occurrence.
The drilling program is currently underway and four (4) drill holes are completed in the Santos area for
a total of 984.70 metres. One (1) drill hole totalizing 306.00 metres was also completed on the Santos
South target. Drilling continues for a dditional selected targets (5-7 drill holes) in the Bonhomme and
Cutaway-East areas. Results are pending.
Evaluation of other Ni-Cu targets at the regional scale will also continue in 2024.
Cautionary statements
Grab samples are selective by nature and reported values are not necessarily indicative of mineralized
zones. The true thickness of reported channel and drilling intervals cannot be determined with the
information currently available; intervals are thus reported in core length and channel length.
Mineralization occurring at deposits and former mines mentioned in this press release is not necessarily
indicative of mineralization that may be intersected on projects held by Midland described in this press
release.
Copper equivalent (“CuEq *”) values herein were calculated using the following metal prices: Au
$1,500.00/oz, Cu $3.25/lb, Ag $15.00/oz, Mo $15.00/lb. CuEq* values are used for exploration purposes
only and do not include estimations of metallurgical recovery.
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 BHP Canada
Inc., Rio Tinto Exploration Canada Inc., Barrick Gold Corporation, Wallbridge Mining Company Ltd,
Probe Gold Inc., Agnico Eagle Mines Limited, Electric Element Mining Corp. , SOQUEM 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 the
Company 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 ’s 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: 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.
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1
DETOUR LAKE
NELLIGAN
ZONE 58N
MARTINIERE
BUG LAKE
FENELON GOLD
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
Fleuribleu
LAC SHORTT
M-Cadillac
Agnico Eagle JV
Mistaouac Jouvex
Heva
Abitibi Projects – Midland Projects & JV’s
Casault Option Wallbridge
Drilling program Tills Sonic
La Peltrie Option Probe
New Cu-Au-Mo-Ag Discovery
0.2% CuEq over 513.5 m
Noyelles
Lewis
Samson
BELL OSBOURNE
Adam
Patris Option Barrick
Till drilling program
HORNE 5 LARONDE
Nickel Square
Patris
Projet Lewis
Drilling in progress
2
Midland – JV Options for Lithium
2
James Bay Li
Deposit (Arcadium)
Corvette Li
pegmatites
(Patriot Battery
Metals)
Rose Li
Deposit
Sirmac Li
Deposit
Moblan Li
Deposit
New Li Discovery
Adina
(Winsome)
Mythril East, Chisaayuu
& Corvette
Whabouchi
Li Deposit
(Nemaska) Main Road
Midland
Lithium Occurrences
Midland/Rio Tinto
Option
Tonalitic Unit
Gneiss
Metavolcanic
Metasediment
Granite
Komo
Galinée
New Li Discovery
Moria
Sulu
Picard
Shire
Sulu
Warp
Elrond
New Li Discovery
(Brunswick Option)
Stornoway Diamond Corp.
Renard Mine
Newmont
Éléonore Gold Mine