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Midland Exploration (TSXV:MD) announces acquisition with Ni-Cu-Co-PGE potential

Mining
TSXV:MD
22 June 2022 09:00 (EDT)

Source: LinkedIn

Midland Exploration (MD) has acquired 100 per cent interest in 460 claims (260 km2) in the Abitibi region in western Québec.

This new strategic acquisition is also located approximately 60 kilometres west of the Copernick zone discovered by Midland in 2016 on the Laflamme JV project, which yielded grades up to 0.45 per cent nickel (Ni), 0.33 per cent copper (Cu), 0.15 g/t Pt and 0.24 g/t Pd over 42.60 metres (core length) in drill hole LAF-16-38, from 446.50 to 489.10 metres.

Named Nickel Square, this new project extends over a total surface area of approximately 300 square kilometres with strong yet underexplored potential for Ni-Cu-Co-PGE.

It covers the Maizerest Intrusions, a series of ultramafic intrusions that are locally associated with untested historical electromagnetic (INPUT) conductors.

In the north part of the Nickel Square project, a historical grab sample collected by the “Ministère de l’Énergie et des Ressources naturelles du Québec” in ultramafic rocks of the Maizerest with minor sulphide mineralization yielded anomalous values of 0.20 per cent Ni, 450 ppm Cu, 110 ppm Co, 117 ppb Pd and 68 ppb Pt.

Similar to the Copernick zone discovered by Midland further east, these ultramafic intrusions are hosted in dominantly mafic rocks assigned to the Vanier-Dalet-Poirier Group.

Midland is eager to begin exploration on the property with a prospecting campaign and a high-resolution magnetic survey planned for this year.

Midland Exploration Inc is a mining exploration and development company mainly engaged in the gold, nickel, copper, zinc, uranium, and other base metal properties in Canada.

Midland Exploration Inc. opened the day’s trading at $0.38 per share.

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