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Midland Exploration Inc. (MD.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.9900-0.0100 (-1.00%)
At close: 3:36PM EDT
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Previous Close1.0000
Open1.0000
Bid0.9200 x 0
Ask0.9900 x 0
Day's Range0.9400 - 1.0000
52 Week Range0.4600 - 1.1300
Volume25,900
Avg. Volume31,641
Market Cap69.65M
Beta (5Y Monthly)1.18
PE Ratio (TTM)N/A
EPS (TTM)-0.0270
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.45
  • Midland Identifies a New Gold-bearing Corridor on Its Lewis Project Northwest of the Nelligan Deposit
    GlobeNewswire

    Midland Identifies a New Gold-bearing Corridor on Its Lewis Project Northwest of the Nelligan Deposit

    Figure 1 Midland Abitibi projects Figure 2 Lewis project location Figure 3 Lewis geology and new showings Figure 4 Lewis mag and new showings Figure 5 New gold showings Figure 6 New gold showings (Wedst) Figure 7 New showing -discovery outcrop Figure 8 New showing - sampleMONTREAL, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report the discovery of new gold showings on surface on its Lewis project, wholly owned by Midland and located approximately 60 kilometres southwest of the town of Chapais in Abitibi, Quebec. This new project, acquired in April 2020, consists of 172 claims (95 km2) and covers a strategic position characterized by a regional flexure proximal to the Guercheville-Opawica deformation zone. The Lewis project is located approximately 60 kilometres northwest of the Nelligan deposit, jointly held by Iamgold Corporation (75%) and Vanstar Mining Resources (25%).During the prospecting campaign conducted in June, two new gold occurrences were discovered about 400 metres apart on surface in the northwest part of the Lewis project, approximately 8 kilometres northeast of the former Lac Shortt mine. These showings yielded several anomalous gold values in grab samples, with grades ranging from 0.2 g/t Au to 2.1 g/t Au and could be hosted by the same ENE-trending deformation corridor which has never been drill-tested. These new gold occurrences are characterized by the presence of numerous quartz-carbonate veins with pyrite mineralization. Grab samples are selective by nature and unlikely to represent average grades of the mineralized zones.Follow-up work including mechanical stripping, channel sampling, prospecting and soil sampling will take place in October, in an effort to assess the extent of these new mineralized zones.The Lewis gold property is located approximately 60 kilometres northwest of the Nelligan deposit, which hosts inferred resources totalling 96.99 million tonnes at a grade of 1.02 g/t Au for 3.19 million ounces of gold (Source: Iamgold Corporation website; as at December 31, 2019). Approximately 10 kilometres west of the Lewis property, the former Lac Shortt mine historically produced 2.7 million tonnes of ore grading 4.6 g/t Au (Source: MERN-SIGEOM).Cautionary statement:Mineralization occurring at the Nelligan and Lac Shortt gold deposits is not necessarily indicative of mineralization that may be found on the Lewis property held by Midland.Quality ControlExploration programs are designed, and results are interpreted by Qualified Persons employing a Quality Assurance/Quality Control program consistent with industry best practices, including the use of standards and blanks for every 20 samples. Samples from the Lewis project were analyzed by atomic absorption (AA-23) at ALS Minerals laboratories in Val d’Or, Quebec. All samples are also analysed for multi-elements, using four-acid ICP–AES method (ME-ICP61) at ALS Minerals laboratories in Vancouver, British Columbia.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 BHP Billiton Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Mining Inc., SOQUEM INC., Nunavik Mineral Exploration Fund, 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. 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.comWebsite: www.explorationmidland.comNeither 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:https://www.globenewswire.com/NewsRoom/AttachmentNg/25702776-b90b-4083-a932-5344a032144ahttps://www.globenewswire.com/NewsRoom/AttachmentNg/579ff4a0-2f6f-469f-9711-88d4fb94a4cahttps://www.globenewswire.com/NewsRoom/AttachmentNg/e2c5ec23-d6f8-4f04-903b-768592c0fcb8https://www.globenewswire.com/NewsRoom/AttachmentNg/1d57c5df-de39-4af8-b420-c33ee4548fe5https://www.globenewswire.com/NewsRoom/AttachmentNg/4a2e0584-2aec-4494-9790-dfe419f4f27ehttps://www.globenewswire.com/NewsRoom/AttachmentNg/b5c8eca2-b315-4f1a-9ff6-9f91824bf5a3https://www.globenewswire.com/NewsRoom/AttachmentNg/37515513-a279-4438-82ad-1b12f1f426d6https://www.globenewswire.com/NewsRoom/AttachmentNg/582393bb-e030-43ae-bcd1-406fc1738827

  • Midland and Probe Expand Land Package at La Peltrie and Provide an Update on Their Exploration Programs in the Detour Belt
    GlobeNewswire

    Midland and Probe Expand Land Package at La Peltrie and Provide an Update on Their Exploration Programs in the Detour Belt

    Figure 1 Midland-Probe PartnershipsMONTREAL, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership with Probe Metals Inc. (“Probe”), is pleased to announce the acquisition of 104 new claims adjacent to the La Peltrie option and to provide an update on the exploration program ongoing on both the la Peltrie option and the Gaudet-Fenelon Joint Venture. Highlights: * Regional High Definition Heliborne Magnetics Survey Completed * Regional Geochemical Surveys to be completed by November (1,220 samples) * 42.5 kilometres of Induced Polarization (“IP”) survey completed on JV Property * Additional 52 square kilometres of claims staked on the La Peltrie Option * Drill Program Scheduled for Q1 2021Gaudet-Fenelon JV propertyThe Joint Venture Gaudet-Fenelon property (50% Midland / 50% Probe), consists of 226 claims (125 square kilometres) covering 35 kilometres of the Lower Detour Gold Trend (“LDGT”) and is adjacent to Walbridge Mining’s (“Wallbridge”) property hosting the Fenelon, Tabasco and Reaper gold zones. Exploration highlights include historical drilling grading up to 11.4 over 0.6 metre and identification of several Induced Polarisation (IP) anomalies targets along magnetic structures within the LDGT. Summer 2020 exploration work consisted of a new 42.5-kilometre IP survey covering a structural domain similar to the Fenelon Gold Zone. Results from the recently completed IP survey are expected shortly. A property-wide geochemical sampling program is expected to be completed this fall and is designed to prioritize IP anomalies and drill targets. To date, 400 of the 520 geochemical sample sites have been taken across the property. Some local prospecting and geological mapping are also planned in October. A high definition heliborne magnetics survey has been completed over the central part of the property totaling 890 lines-kilometres. An additional 1050 lines-kilometres will be flown in October to complete the airborne magnetic coverage over the JV ground. A drill program is planned for Winter 2021.La Peltrie OptionThe La Peltrie option consists of 539 claims (292 square kilometres) and covers more than 25 kilometres along a series of NW-SE-trending subsidiary faults to the south of the regional LDGT. The property is adjacent and east of the Detour Lake mine property and south of Probe’s 100% Detour Quebec Main block property. In September, Probe began a work program on the La Peltrie option that included a property-scale geochemical sampling program as well as a geologic mapping and prospecting program. To date, 60 rock samples have been collected and 400 of the 700 geochemical sample sites have been sampled across the property. Field crews will work to complete the program before the end of the fall work season. The goal of this program is to highlight areas of interest on the property for follow-up IP work in 2021. In addition, Probe will complete a high definition heliborne magnetics survey on the property during the month of October.Cautionary statement:Mineralization occurring at Fenelon, Tabasco and Reaper zones is not necessarily indicative of mineralization that may be found on projects held by Midland/Probe described in this press release.About ProbeProbe Metals Inc. is a leading Canadian gold exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The Company is committed to discovering and developing high-quality gold projects, including its key asset the Val-d’Or East Gold Project, Quebec. The Company is well-funded and controls a strategic land package of approximately   1,000-square-kilometres of exploration ground within some of the most prolific gold belts in Quebec. The Company was formed as a result of the sale of Probe Mines Limited to Goldcorp Inc. in March 2015. Newmont Corporation currently owns approximately 12% of the Company.About MidlandMidland 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 Probe Metals Inc., Wallbridge Mining Company Ltd., BHP Billiton Canada Inc., Agnico Eagle Mines Limited, Osisko Mining Inc., SOQUEM INC., Nunavik Mineral Exploration Fund, 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. P.Geo., VP Exploration 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 Officer Tel.: 450 420-5977 Fax: 450 420-5978 Email: info@midlandexploration.comWebsite: 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.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/41456b18-5954-49f3-b610-3f46659ebede

  • Midland Resumes Drilling on Samson on the new Gold Discovery at Golden Delilah Southeast of Wallbridge’s Fenelon/Tabasco Deposit
    GlobeNewswire

    Midland Resumes Drilling on Samson on the new Gold Discovery at Golden Delilah Southeast of Wallbridge’s Fenelon/Tabasco Deposit

    Figure 1 Abitibi projects Figure 2 Samson project location Figure 3 Samson geology Figure 4 Samson mag and drilling 2020 Figure 5 SAM-20-10 Golden Delilah Zone Figure 6 Drilling section SAM-20-10 & 11 Figure 7 Resistivity map and next drilling program Figure 8 Magnetics and next drilling programMONTREAL, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce that a new drilling campaign has commenced on its recent gold discovery named Golden Delilah, on its Samson project. This property is wholly owned by Midland and is located approximately 15 kilometres southeast of the Fenelon and Tabasco deposits held by Wallbridge Mining Company Ltd (“Wallbridge”).  Resumption of drilling As a follow-up to the new gold discovery made in July at Golden Delilah on the Samson property, a new drilling campaign has commenced. This campaign consists of seven (7) drill holes totalling more than 2,000 metres and is mainly designed to test the Golden Delilah zone along the strike extensions with two drill holes at a 50-metre spacing, with another hole testing approximately 25 metres above drill hole SAM-20-10. The four (4) remaining drill holes will test high-priority structural targets defined by resistivity lows which are interpreted to be caused by the Golden Delilah gold-bearing structure. Discovery of the Golden Delilah zone Last July, a new gold-bearing zone, named Golden Delilah, was discovered in drill hole SAM-20-10. This new discovery consists of a quartz-albite vein intersected over a core length of 1.60 metres, hosted in ultramafic intrusive rocks, which graded 99.1 g/t Au, 71.3 g/t Ag and 0.17% Pb over 0.40 metre, from 106.45 to 106.85 metres (see press release by Midland dated September 1, 2020). This section of the vein was characterized by the presence of at least 13 visible gold grains some 1-2 mm in diameter over 40 centimetres, while the rest of the vein yielded gold values ranging between 1.57 g/t Au and 2.23 g/t Au. The vein is cut by a late fault and as a result, no core was recovered over 1.05 metres. The Golden Delilah zone was intersected in two holes drilled on the same section, along the north limb of a folded magnetic structure. Drill hole SAM-20-11, testing approximately 50 metres below drill hole SAM-20-10, intersected the Golden Delilah zone with an interval grading 2.21 g/t Au over 0.45 metre, from 120.70 to 121.15 metres. This new gold-bearing structure is interpreted as a possible subsidiary of the regional Lower Detour Fault. The Golden Delilah zone remains open in all directions. Assay results for the remainder of drill holes SAM-20-10 and SAM-20-11, and for holes SAM-20-07, 08 and 09 drilled during the same campaign, are still pending and are expected in the coming weeks. Cautionary statement The true thickness of reported intervals cannot be determined with the information currently available; intervals are thus reported in core length.  Quality ControlExploration programs are designed, and results are interpreted by Qualified Persons employing a Quality Assurance/Quality Control program consistent with industry best practices, including the use of standards and blanks for every 20 samples. Core samples from the Golden Delilah mineralized zone were analyzed by metallic screen fire assay (Au-SCR21) at ALS Minerals laboratories in Val d’Or, Quebec.; this method is optimal for samples containing visible gold.All samples are also analysed for multi-elements, using four-acid ICP–AES method (ME-ICP61) at ALS Minerals laboratories in Vancouver, British Columbia.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 Probe Metals Inc., Wallbridge Mining Company Ltd, BHP Billiton Canada Inc., Agnico Eagle Mines Limited, Osisko Mining Inc., SOQUEM INC., Nunavik Mineral Exploration Fund, 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. 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.comNeither 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.8 figures accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d67c3d60-09cf-44e1-a335-67be6aca8766https://www.globenewswire.com/NewsRoom/AttachmentNg/fbc3c735-2597-49c7-ad99-ec53af56aca6https://www.globenewswire.com/NewsRoom/AttachmentNg/fb7a31e8-be65-4b9e-8638-3f96b667a979https://www.globenewswire.com/NewsRoom/AttachmentNg/b0aabd2b-d26a-4d71-aa9b-fcb4dc23bd9ahttps://www.globenewswire.com/NewsRoom/AttachmentNg/6e7bd203-a999-457d-b686-fa9d7f3f6ba8https://www.globenewswire.com/NewsRoom/AttachmentNg/ff86008f-ed02-43ca-9d95-16e31f233c28https://www.globenewswire.com/NewsRoom/AttachmentNg/908723bc-b30f-45cc-8eaa-4d295d5ce3e2https://www.globenewswire.com/NewsRoom/AttachmentNg/af4d2b97-818e-4247-b4bd-8686936da958