Jan 21 2016
Midland Exploration Inc. is pleased to announce the identification of new exploration targets following a soil geochemical survey completed on its Heva gold project.
This project 100% owned by Midland is located close to the prolific Cadillac Break about 5 km northwest of the Malartic gold mine owned in joint venture by Agnico Eagle Mines Ltd and Yamana Gold Inc. which contains proven and probable reserves of 8.6 million ounces of gold. The Heva project, acquired by Midland in May 2013 from d'Arianne Resources Inc., consists of two blocks named Heva West and Heva East, and totals 32 claims covering an area of over 1,200 hectares.
During the fall of 2015, Midland's exploration team completed a soil geochemical survey (B-horizon) in the western part of the Heva East block where several interesting gold results were obtained during the 2015 summer exploration program. Following these recent works, the best results returned values of 18.0 g / t Au and 5.1 g / t Au from sampling of an old blasted trench and dating back more than twenty years which was found during reconnaissance work and a value of 5.6 g / t Au obtained in sampling mineralized ore masses found near the old Dempsey-Cadillac showing from 1930 (see press release dated October 28, 2015).
On top of detecting the two main gold-bearing horizons already known in this area, the soil geochemical survey identified two (2) new axes that are anomalous in gold and in arsenic on hundreds meters of extension and parallel to the known gold-bearing horizons. Moreover, these two new axes coincide largely with still unexplained historic induced polarization anomalies.
Midland is currently planning more prospecting and mechanical trenching work for next summer to explain these new promising targets in the extension of a subsidiary structure to the Cadillac Break oriented east-west and interpreted from geophysical and geological survey. This structure, which remains largely unexplored, covers a horizon of deformed conglomerate containing mineralized quartz veins with pyrite and arsenopyrite and is altered in silica and locally in sericite over 4 kilometers. These conglomerates contain the majority of the historic gold showings, including the Dempsey-Cadillac showing, as well as new identified showings during the 2015 summer campaign.