Midland Commences Ground Geophysical Surveys on Laflamme Along a New Gold Trend Recognized Over More Than 20 Kilometres
May 9, 2013 (Source: Marketwire) — Midland Exploration Inc. (“Midland”) (TSX VENTURE:MD) is pleased to report that ground-based geophysical (“IP”) surveying has resumed on the Laflamme property, along a new gold trend recognized over a distance of more than 20 kilometres. This trend was identified by Midland in recent drill holes designed to establish the continuity of its 2011 gold discovery, and along the strike extensions of a discovery reported by Maudore Minerals Ltd (“Maudore”) in June 2012. The Laflamme property is located about 25 kilometres northwest of Lebel-sur-Quevillon and about 30 kilometres east of the Sleeping Giant mine and mill in Quebec. The Laflamme project is a joint venture between Midland and Aurbec Mines Inc., a wholly owned subsidiary of Maudore (TSX VENTURE:MAO).
The upcoming IP survey will cover a northeast-trending structure over a distance of 4 kilometres, about 5 kilometres northeast of the Picadilly showing jointly discovered by Midland and North American Palladium in 2011 with a drill intercept grading 9.71 g/t Au over 1.0 metre. The IP survey, which totals 20 kilometres, will help define new drilling targets along this trend and in an area characterized by a kilometre-scale magnetic anomaly.
Since 2011, at least four (4) new gold showings have been identified along this trend over a distance of more than 20 kilometres. The showings are characterized by the presence of weak electromagnetic conductors and/or weak to moderate (IP) chargeability anomalies occurring in sheared, silicified felsic to mafic rocks with pyrite and pyrrhotite mineralization. This trend, considered highly prospective for gold mineralization, has never been systematically explored and thus represents a high-priority target for exploration on the Laflamme property.
The four showings, from southwest to northeast, yielded the following drill intersections:
Picadilly showing (discovered by Midland and North American Palladium in 2011)
During the 2011 drilling campaign, drill hole LA-11-11 intersected a new gold-bearing zone grading 9.71 g/t Au over 1.0 metre from 150.0 to 151.0 metres. This gold-bearing structure was characterized by the presence of an altered shear zone exhibiting quartz veinlets with 2-3% pyrite mineralization. Deeper along the same drill hole, another interval with quartz-tourmaline-pyrite veins graded 1.1 g/t Au over 1.0 metre from 297.6 to 298.6 metres (see press release by Midland Exploration Inc. dated July 13, 2011).
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Trafalgar showing (discovered by Midland in 2013)
About 2 kilometres southwest of the Comtois NW showing held by Maudore, two holes drilled on the same section intersected a gold-bearing structure with pyrite mineralization occurring at the contact between silicified pillowed mafic rocks and sericitized felsic rocks. Drill hole LAF-13-24 encountered an interval grading 0.40 g/t Au over 5.70 metres from 59.10 to 64.80 metres including 1.72 g/t Au over 1.00 metre from 59.10 to 60.10 metres, whereas hole LAF-13-23 returned a gold grade of 0.34 g/t Au over 3.10 metres from 191.90 to 195.00 metres, about 100 metres below hole -24 (see press release by Midland Exploration Inc. dated March 28, 2013).
Comtois NW showing (discovered by Maudore in 2012)
This gold discovery was reported by Maudore in June 2012, about 12 kilometres northwest of the Comtois gold deposit and less than 1 kilometre from the Laflamme property. Maudore reported grades of 71.7 g/t Au over 1.2 metres and 0.8 g/t Au over 40.8 metres (see press release by Maudore Minerals dated June 6, 2012).
Notting Hill showing (discovered by Midland in 2013)
Drill hole LAF-13-21 intersected a gold-bearing structure in sheared mafic volcanic rocks with pyrite-pyrrhotite mineralization that graded 0.34 g/t Au over 25.56 metres from 144.0 to 169.56 metres, including 3.12 g/t Au over 1.50 metres from 145.50 to 147.00 metres, and 1.95 g/t Au over 1.25 metres from 167.85 to 169.10 metres. This gold-bearing structure is located about 3.5 kilometres northeast of the Comtois NW showing held by Maudore (see press release by Midland Exploration Inc. dated March 28, 2013).
Figures locating the IP survey and the new gold-bearing corridor on Laflamme can be consulted at the following links:
For Figure 1 – Map of the Abitibi showing the location of the Laflamme project, click here:http://media3.marketwire.com/docs/Figure_1_Laflamme_Abitibi_Geology_May_2013.pdf
For Figure 2 – Regional geology map of the Laflamme project, click here:http://media3.marketwire.com/docs/Figure_2_Laflamme_Geology_May_2013.pdf
For Figure 3 – Regional magnetic map of the Laflamme project, click here:http://media3.marketwire.com/docs/Figure_3_Laflamme_Mag_May_2013.pdf
About Midland Exploration
Midland targets the excellent mineral potential and the favourable investment climate of Quebec to make the discovery of new world-class deposits of gold, base metals and rare earth elements. Midland is proud to count on reputable partners such as Maudore Minerals Limited, Osisko Mining Corporation, Agnico-Eagle Mines Limited, Japan Oil, Gas and Metals National Corporation and SOQUEM 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 Mario Masson, VP Midland Exploration and Qualified Person as defined by NI 43-101. For further information, please consult Midland’s website.
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.
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.
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