Canada markets closed

Midland Exploration Inc. (MD.V)

TSXV - TSXV Real Time Price. Currency in CAD
Add to watchlist
0.81000.0000 (0.00%)
At close: 11:08AM EDT
Full screen
Previous Close0.8100
Open0.8200
Bid0.8100 x 0
Ask0.8200 x 0
Day's Range0.8100 - 0.8200
52 Week Range0.5500 - 1.1300
Volume4,346
Avg. Volume36,988
Market Cap58.545M
Beta (5Y Monthly)0.94
PE Ratio (TTM)N/A
EPS (TTM)-0.0190
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.45
  • Midland Begins Major Exploration Program on Samson Southeast of Wallbridge’s Fenelon/Tabasco Deposit
    GlobeNewswire

    Midland Begins Major Exploration Program on Samson Southeast of Wallbridge’s Fenelon/Tabasco Deposit

    Figure 1 Samson project location Figure 2 Regional geology Figure 3 New Syenite-Associated gold system Figure 4 SAM-20-15 discovery Figure 5 SAM-20-10 Golden Delilah discovery Figure 6 Simplified geological interpretation Figure 7 New 3D-Model and drill targets Figure 8 IP and biogeochemical grid MONTREAL, March 31, 2021 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report the start of a major exploration program on its Samson gold project. This property is wholly owned by Midland and consists of a total of 280 claims covering a surface area of 156 square kilometres. It is located approximately 15 kilometres southeast of the Fenelon and Tabasco deposits held by Wallbridge Mining Company Ltd (“Wallbridge”). Highlights: Identification of a new km-scale syenite-associated gold system Up to 99.1 g/t Au over 0.4 m and 23.0 g/t Au over 1.05 m at Golden DelilahBiogeochemical survey recently completed; results are pending3D modelling in progressGeophysical survey (multi-separation IP) totalling 60 km underway3,500 m drilling campaign has commenced During the summer of 2020, Midland discovered a new “syenite-associated disseminated gold” (Robert, 2001) system on its Samson project. In Abitibi, this type of gold system encompasses a number of major deposits namely including Canadian Malartic, Young-Davidson and Holt-McDermott (Robert, 2001). Two drilling campaigns totalling 3,097 metres in 12 drill holes were completed in 2020 and led to the discovery of a new high-grade gold zone named Golden Delilah. This new discovery consisted of a quartz-albite vein intersected over a core length of 1.60 metres and 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 in drill hole SAM-20-10 (see press release by Midland dated September 1, 2020). Subsequently, drill hole SAM-20-15, drilled approximately 350 metres southeast of the Golden Delilah zone, intersected another gold-bearing zone grading 23.0 g/t Au over 1.05 metres from 317.10 to 318.15 metres. The latter was part of a wider interval with anomalous gold and arsenic values over more than twenty metres, from 314.95 to 337.25 metres (see press release by Midland dated January 12, 2021). During the winter of 2021, a biogeochemical survey (of black spruce bark) was recently completed, covering the entire grid that will also be used to conduct a multi-separation induced polarization (IP) survey on lines at a 200-metre spacing, for a total of approximately 60 kilometres. These surveys cover the north, east, and southeast extensions of the Golden Delilah discovery area. Several structures are visible on the magnetic survey along the extensions of Golden Delilah and northward up to the regional Lower Detour Fault; these are interpreted as possible subsidiary faults, similar to the fault occurring at Zone 58N south of the Detour Lake mine. In parallel, three-dimensional modelling is underway, in an effort to visualize and locate alteration and mineralization vectors in the immediate vicinity of the Golden Delilah discovery. This 3D model will include all available data including drill hole data, and magnetic inversion and induced polarization models. The recently launched drilling program is planned for a minimum of 3,500 metres and is designed to test the extensions of the best high-grade gold zones identified to date on Golden Delilah, as well as other targets that may be identified along the extensions of Golden Delilah and near the Lower Detour Fault. Cautionary statements: Mineralization occurring on the Fenelon property (Tabasco, Area 51, and Reaper zones) held by Wallbridge is not necessarily indicative of mineralization that may be found on the Samson property held by Midland and located nearby to the southeast. The true thickness of reported intervals cannot be determined with the information currently available; intervals are thus reported in core length. Quality Control Exploration 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 atomic absorption (AA-23) with a gravimetric finish for samples grading >10 g/t Au 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) and Lima (Peru). 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 Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, SOQUEM INC., Osisko Development Corp., 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.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 at: https://www.globenewswire.com/NewsRoom/AttachmentNg/07d6095e-9f4e-4927-a724-b753a838daa1 https://www.globenewswire.com/NewsRoom/AttachmentNg/20420eb6-073a-4ff0-b249-c1c7563842a4 https://www.globenewswire.com/NewsRoom/AttachmentNg/3d36e0b8-2143-434a-81a5-83f92b448d2d https://www.globenewswire.com/NewsRoom/AttachmentNg/55e3c062-a6f4-41a6-abd5-a2b1c9114dbe https://www.globenewswire.com/NewsRoom/AttachmentNg/38eb01ff-f817-4de1-9be9-8213ea668297 https://www.globenewswire.com/NewsRoom/AttachmentNg/370723e6-9630-42e3-a463-a4042cf56e6e https://www.globenewswire.com/NewsRoom/AttachmentNg/9f4663e6-b779-454b-b3aa-435652083a0f https://www.globenewswire.com/NewsRoom/AttachmentNg/b542f6f9-cd6f-4df8-a891-8214a8813b7f

  • Midland Provides Exploration Update for Its Detour Quebec Gold Project in Partnership With Probe Metals
    GlobeNewswire

    Midland Provides Exploration Update for Its Detour Quebec Gold Project in Partnership With Probe Metals

    Figure 1 Projects in partnership with Probe MONTREAL, March 30, 2021 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership with Probe Metals Inc. (“Probe”), is pleased to provide an update for its 2021 exploration programs on the Detour Quebec Project (the “Project”) located east of the Detour Lake Mine, Ontario (Kirkland Lake Gold Ltd.) and south of the Fenelon Gold Project, Quebec (Wallbridge Mining Company Ltd.). This Project in partnership with Probe includes the La Peltrie Option project (100 % Midland) and the Gaudet-Fenelon Joint-Venture (50 % Midland and 50 % Probe). Together, these two projects cover about 70 kilometres of favorable structures in the Detour Trend. Highlights: Regional Geochemical programs have identified numerous high-priority gold and gold-copper targets for detailed follow-up in 2021.Induced Polarization (“IP”) geophysical surveys south of Fenelon/Tabasco area have outlined priority drill targets, survey area now being expanded to cover new geochemical anomalies. Additional geophysical programs have commenced. Drill program is planned over the next months. In 2020, regional-scale airborne geophysical and surface geochemical surveys were completed across the entire 70-kilometre strike length of the Project, representing the first district-scale exploration program to have been carried out. The surveys were very successful in identifying numerous high-priority gold anomalies throughout the claim blocks. Several targets have already been selected for the first phase of follow-up exploration, which is designed to generate drill targets for the 2021 drilling program. Exploration programs have already commenced and include new ground geophysical surveys and expansion of the geophysical grid in the Gaudet-Fenelon JV area, as well as more detailed surface geochemical sampling to better define other gold anomalies for 2022 exploration programs. Drilling has been allocated for the Project over the next 12 to 18 months, which is expected to commence in late Spring/Early Summer. Regional Exploration Surveys During the 2020 exploration program, Probe and Midland completed a Project-wide, high-resolution airborne magnetic survey totalling about 2,000 km and designed to assist in geological mapping and delineating possible gold structures. An IP grid totalling 43 km was completed south of Fenelon and a regional-scale surface geochemical program aiming to identify anomalous areas of gold was also completed. On La Peltrie project, over 405 biogeochemical samples were taken while on the Gaudet-Fenelon JV, a total of 350 biogeochemical samples and 82 MMI samples were collected which outlined several gold and gold-copper anomalies. 2021 Exploration Program Field work has already commenced on the 2021 exploration program, which includes more detailed surface geochemical sampling in the gold-anomalous areas that were identified as well as IP ground geophysical surveys to generate drill targets associated with the gold anomalies. To date, up to 12 drill targets have been identified on the Gaudet-Fenelon JV. Those targets have been selected for the 2021 summer drill campaign. On La Peltrie, 4 drill targets have been identified for the 2022 winter drilling campaign. All of these targets show exceptionally high responses for gold in surficial biogeochemical sampling and fall along either the lower Detour Deformation Zone, as identified in the airborne magnetic survey, or along south-trending structures in the Gaudet-Fenelon JV area. An existing IP survey at Gaudet Fenelon, completed in 2020, has identified numerous drill targets, and is being expanded due to additional gold anomalies identified in the surficial sampling program. Cautionary statement: Mineralization occurring at Detour Lake mine and Fenelon/Tabasco is not necessarily indicative of mineralization that may be found on La Peltrie and Gaudet/Fenelon JV held by Midland/Probe described in this press release. About Probe Probe 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 11.6% of the Company. 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 Canada Inc., Agnico Eagle Mines Limited, SOQUEM INC., Osisko Development Corp., 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.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. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/929d4e66-ac0e-46ff-9174-f0a07d46a686

  • Annie Dutil Joins Midland’s Board of Directors
    GlobeNewswire

    Annie Dutil Joins Midland’s Board of Directors

    MONTREAL, March 18, 2021 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce that the Board of Directors has approved the nomination of Ms. Annie Dutil as Director of the Corporation. “It is a privilege to have Ms. Annie Dutil join our team. Her experience gained while working at Nomad Royalties Company Ltd. (“Nomad”) and PricewaterhouseCoopers (“PwC”) and her knowledge of the capital markets, financing transactions and regulatory and public accounting matters make her an ideal candidate for our Board. We are thrilled to know that the Corporation will benefit from her knowledge and skill set in the years to come”, commented the President and CEO, Mr. Gino Roger. Midland announces that it has granted incentive stock options to Ms. Dutil to acquire 80,000 common shares at $0.88 per share, for a period of 10 years. These incentive stock options have been granted in accordance with Midland’s Stock Option Plan. About Annie Dutil Annie Dutil is a member of the Quebec CPA Order and is Nomad’s corporate controller. Ms. Dutil brings over 15 years of extensive mining knowledge, specifically in the areas of public accounting, compliance with financial information obligations and regulatory matters. Prior to joining Nomad, Ms. Dutil has held a number of positions at PwC, including a role as director where she has led the Capital Markets and Accounting Advisory Services group in Montréal. In her current and previous roles, she has assisted several companies in their capital markets activities, including initial public offerings, financings, cross-border transactions and complex accounting and regulatory matters. Ms. Dutil is the co-founder of the Montreal chapter of Women in Mining and is involved in many community and philanthropic activities, currently serving as a member of the Board of Directors of Factry, the School of the Creative Sciences, and Théâtre de la Banquette Arrière. 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 Development Corp., 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. Gino Roger, President and Chief Executive OfficerTel.: 450 420-5977Fax: 450 420-5978Email: 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.