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
JOIN THE CLUB

* 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 Identifies New Favourable Target Area on Laflamme, Northwest of Osborne-Bell Deposit and Commences Drilling

MONTREAL, Feb. 05, 2019 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report that a new target area has been identified on its Laflamme project and that drilling is commencing. This new area is located approximately 15 kilometres northwest of the Osborne-Bell deposit, currently actively explored by Osisko Mining (“Osisko”). Disclaimer by Midland: Mineralization at the Osborne-Bell deposit may not be representative of mineralization that may be identified on the Laflamme property.

The Laflamme project is located approximately 25 kilometres northwest of Lebel-sur-Quevillon in the Abitibi region of Quebec, and now consists of 668 claims totalling approximately 337 square kilometres. This project is a joint venture between Midland (74.3%) and Abcourt Mines Inc. (25.7%) (“Abcourt”).

During the summer of 2018, Midland conducted an OreVision® induced polarization (“IP”) survey to investigate the contacts of a felsic intrusion. The western contact of the intrusion was also targeted as the potential source of a significant gold and copper dispersal train that was initially identified during a till survey under the Octave project jointly led by the Ministère de l’Énergie et des Ressources Naturelles and the Geological Survey of Canada in 2008, but which remains unexplained.

The IP survey conducted in the summer of 2018 led to the identification of several new drilling targets located along the contacts or at the western edge of the felsic intrusion. These targets are characterized by weak chargeability highs associated with weak resistivity variations, and coincide with the northeast end of a significant gold and copper train in tills.

In addition, this new prospective area is directly aligned with a series of gold occurrences discovered by Midland in 2011 and 2013, namely the Piccadilly (9.7 g/t Au over 1.0 m), Trafalgar (0.4 g/t Au over 5.7 m) and Notting Hill (0.34 g/t Au over 25.56 m) showings, as well as Osisko’s Comtois NW showing discovered by Maudore in 2012, which graded 71.2 g/t Au over 1.2 metres. Note: True thicknesses cannot be determined with the information available at this time; intervals are therefore reported in core length.

This area is located approximately 15 kilometres northwest of the Osborne-Bell deposit, where Osisko recently announced new drill intercepts grading up to 37 g/t Au over 5.4 metres (see Osisko’s press release dated September 28 2018).

In addition of testing this highly prospective area , the drilling program will test five other geophysical targets, for a total of approximately 1,000 metres.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as Abcourt Mines Inc., Agnico Eagle Mines Limited, Osisko Mining Inc., Altius Minerals Corp., SOQUEM INC. and Nuvavik Mineral Exploration Fund. 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, P.Geo., VP Exploration for Midland and Qualified Person as defined by NI 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: info@midlandexploration.com 

Website: www.explorationmidland.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.

Figures accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/ecc075ca-7cc1-4a66-86e3-e894cb3f7a23

http://www.globenewswire.com/NewsRoom/AttachmentNg/b0d68ab0-3a17-4451-b211-25f4dc79c21b

http://www.globenewswire.com/NewsRoom/AttachmentNg/23e1a601-4943-415a-bdea-0122887e18c2

 

Comment On!

140
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).