Midland Exploration Inc, a Canada-based company, are delighted to declare that drilling has resumed on the large copper-gold-silver-molybdenum breakthrough made in 2022 on the La Peltrie Option in collaboration with Probe Gold Inc.
Abitibi Geology-La Peltrie Discovery Location. Image Credit: Midland Exploration Inc.
This considerable mineralized system is situated around 15 km southeast of Agnico Eagle’s Zone 58N gold deposit and 25 km west of the former Selbaie mine, which generated 56.9 Mt grading 0.87% Cu, 1.85% Zn, 39 g/t Ag, and 0.55 g/t Au (historical production).
Highlights:
- New drilling program comprising eight (8) drill holes for a total of 2,700 m
- Designed to identify the extent of a large mineralized system with Cu-Au-Ag-Mo more than a 345.5-m intercept grading 0.2% CuEq in the discovery hole, which remains open together with a strike and at depth
- Shows the possibility of a highly prospective and extensive mineralized system
- Higher-grade intervals inside the mineralized envelope graded up to 0.5% Cu and 3.6 g/t Ag over 12 m, as well as 1.0% Cu and 6.4 g/t Ag over 3.7 m
- New regional drilling targets available on geophysical anomalies (IP and VTEM)
This drilling program comprises eight (8) drill holes spanning 2,700 m. In the proximity of the discovery hole LAP-22-012, which graded 0.2% CuEq more than 345.5 m, five (5) drill holes totaling 1,750 m will be finished to test new induced polarization (IP) anomalies.
Such new anomalies were determined in the winter of 2023, together with an interpreted mineralized corridor trending northeast over a least of 1.4 Km. Historical grab samples taken in that corridor had returned up to 6.5% Cu, 1.2 g/t Au, and 2.5% Cu.
This mineralized corridor is specified by various surface samples displaying copper-gold-silver-molybdenum mineralization and is presently the focus of extra prospecting.
At the time of this drilling program, three (3) drill holes spanning 950 m will also be completed to the southeast, on geophysical (IP and VTEM) anomalies and a target proximal to the Carheil Pluton.
Cautionary Statements:
Copper equivalent values have been evaluated utilizing the following metal prices: Au $1,500.00/oz, Ag $15.00/oz, Cu $3.25/lb, Mo $15.00/lb. CuEq values are utilized for exploration purposes only and do not comprise estimations of metallurgical recovery.
In this press release, the true thickness of the drilling intervals reported cannot be identified with the information that is available at present; intervals have been thus reported in core length.
Note that grades identified from grab samples might not be representative of mineralized zones.
Mineralization taking place at the Zone 58N deposit and the former Selbaie mine is not essentially indicative of mineralization that might be discovered on the La Peltrie project conducted by Midland or Probe explained in this press release.
Quality Control
At the time of this drilling program, assay samples were collected from the NQ core by sawing the drill core in half, with nearly one-half sent to the laboratory and the other half held for future reference.
A severe QA/QC program was employed for all samples; this includes the insertion of blank samples and mineralized standards for every batch of 20 samples. Gold analyses were completed by fire assay with an atomic absorption finish on 50 g of material.
Repeats were performed by fire assay accompanied by gravimetric testing on every sample consisting of 3.0 g/t Au or more.
Total gold analyses (Metallic Sieve) were performed on samples that presented a considerable variation of their gold content or in the existence of visible gold.
Also, samples from drill hole LAP-22-012 were examined with the help of a multi-element (35) geochemical package with 4-acid digestion tracked by Inductively Coupled Plasma Mass Spectrometry (ICP-MS) finish.