Midland and Wallbridge Commence Drilling on the Casault Property
24 September 2024 - 1:30PM
Midland Exploration Inc. (“
Midland”)
(
TSX-V: MD), in partnership with Wallbridge
Mining Company Ltd (“
Wallbridge”), is pleased to
announce the commencement of a diamond drilling campaign in the
eastern part of the Casault gold property.
Highlights:
- Five (5) holes, 1,100m
drilling program underway;
- Regional and structural
mapping conducted in the summer of 2024;
- New prospective yet
unexplored area north of the Sunday Lake Fault with up to 112 gold
grains found in till, including 97 pristine grains;
- More than 15 new
exploration targets generated, including a new structural
interpretation and new drilling targets at Vortex.
Diamond Drilling
A drilling campaign totalling 1,100 m in
five (5) drill holes was launched in September. The drill holes
will focus on a new prospective, yet unexplored area located north,
“up-ice” from the gold-in-till anomaly (97 pristine grains)
detected in hole CSS-23-018 during the overburden drilling program
conducted in 2023. This target corresponds to a magnetic low
(possible alteration zones) that extends along a northwest-trending
subsidiary fault extending from the north break along the main
Sunday Lake Deformation Zone. This important structure is a first
order metallotect to which are associated the Detour Lake gold mine
in Ontario and the Fenelon Gold and Martiniere gold deposits in
Quebec. The new high-priority target is favourably located,
approximately 18 kilometres west of the Fenelon Gold deposit held
by Wallbridge.
In addition, regional-scale geological and
structural mapping were conducted this summer over a total of eight
(8) days at Casault West and Casault East, in order to assess
regional structures and potential mineralization a) adjacent to the
Martiniere property, b) adjacent to the Turgeon Pluton, and c) in
the sedimentary basin on Casault East.
Casault Gold Property
The Casault gold property, which comprises the
Casault West and Casault East mineral claim blocks, is located
approximately 110 kilometres west of the town of Matagami, between
Wallbridge’s 100% owned Martiniere and Detour East gold properties.
Wallbridge has an option to acquire up to a 65% interest in the
177 km2 Casault property from Midland Exploration (see press
release by Midland dated June 18, 2020). Casault covers more than
20 kilometres of the Sunday Lake Deformation Zone, along which the
Martiniere and Fenelon Gold deposits held by Wallbridge are located
and which also hosts the world-class Detour Lake mine held by
Agnico Eagle Mines Limited.
Cautionary Statement
Mineralization occurring on the Fenelon Gold and
Martiniere gold projects held by Wallbridge, and at the Detour Lake
mine held by Agnico Eagle Mines Limited, is not necessarily
indicative of mineralization that may be found on the Casault
property held by Midland.
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 Wallbridge Mining Company Ltd, Barrick Gold
Corporation, BHP Canada Inc., Rio Tinto Exploration Canada Inc.,
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.
This press release was prepared by Richard D
St-Cyr. P.Geo., Exploration Director 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 OfficerTel.: 450
420-5977Fax: 450 420-5978Email: info@midlandexploration.com
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 Midland’s periodic reports including the annual report
or in the filings made by Midland from time to time with securities
regulatory authorities.
Photos accompanying this announcement are available
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/dd4c8125-f83e-4c24-a366-cdbe1a5b5abfhttps://www.globenewswire.com/NewsRoom/AttachmentNg/85f2f8ba-e6af-48e3-97bf-6bb8a1f20a3dhttps://www.globenewswire.com/NewsRoom/AttachmentNg/f9e09932-6da7-4878-8966-199c5b9e9d0f
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