Midland commences new drilling campaign on the Patris gold project

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Midland commences new drilling campaign on the Patris gold project

MONTREAL, QUEBEC--(Marketwired - Dec. 1, 2016) - Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) is pleased to announce the start of a new drilling program on the Patris gold property, wholly owned by Midland and currently under option by Teck Resources Limited ("Teck") (see press release dated September 17 2013 for agreement terms). This project comprises 260 claims covering a surface area of about 108 square kilometres in La Pause and Clericy townships and is located only 30 kilometres northeast of the city of Rouyn-Noranda and less than 10 kilometres northwest of the prolific Doyon/Westwood-Bousquet-LaRonde gold mining camp.

This new drilling campaign will comprise three to five short drill holes, including two contingency holes, for a total of approximately 800-1,400 metres. Following an induced polarization survey totalling 15 line kilometres and a magnetic survey of 36 line kilometres, both completed in the fall of 2015, several anomalies (magnetic lows) were selected for drill testing along the strike extensions from drill hole PAT-15-05. This hole intersected a wide alteration zone with pyrite, chalcopyrite, galena, and molybdenite within syenite and ultramafic rocks which are strongly altered to fuchsite, quartz and carbonates. This alteration zone was intersected over a drill interval of approximately 100 metres and locally yielded anomalous copper, molybdenum, silver, and lead values of up to 82.6 g/t Ag, 0.10 g/t Au, 0.22% Cu and 1.0% Pb over 1.0 metre.

The Patris property offers excellent gold potential as it covers the Manneville Fault over more than 8 kilometres of strike length and the La Pause Fault over more than 10 kilometres of strike length, both recognized as subsidiary faults to the famous Destor-Porcupine Fault Zone. The geological setting of the Patris property, where clastic metasedimentary and ultramafic rocks are juxtaposed along a faulted contact and intruded by a porphyry dyke swarm, is similar to the Malartic mining camp and the South Barnat ore deposit on the Canadian Malartic property held in JV by Agnico Eagle Mines and Yamana Gold inc.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements, base metals and rare earth elements. Midland is proud to count on reputable partners such as Teck Resources Limited, Agnico Eagle Mines Limited, SOQUEM INC., Osisko Exploration James Bay Inc., Japan Oil and Gas and Metals National Corporation 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 Mario Masson, VP Exploration for Midland, certified geologist and Qualified Person as defined by NI 43-101.

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.

Gino Roger, President and Chief Executive Officer
450 420-5977
450 420-5978

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).