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Midland Exploration Inc.
Summary
| Project: | Casault | |
|---|---|---|
| Deposit: | Casault | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-9-2017: Midland Exploration Inc. announces an Exploration/Drilling Update report for its Casault deposit at the Casault project. JV with SOQUEM Inc.- Drilling results incl. 16m @ 0.56g/t Au from 180.5m. Montreal, September 21, 2017. Midland Exploration | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mario Masson (Internal) | |
| ABSTRACT: | Montreal, September 21, 2017. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report that drilling will resume on a new gold-bearing zone that was intersected in drill hole on the Casault gold project in partnership with SOQUEM INC. (“SOQUEM”). The Casault property consists of 315 claims (173 square kilometres) and covers the Sunday Lake Fault over more than 20 kilometres strike length, about 40 kilometres east of the Detour Lake mine. This mine hosts mineral reserves estimated at 14.1 million ounces of gold (“Moz Au”) consisting in proven reserves of 87.7 million tonnes grading 1.27 g/t Au for 3.58 Moz Au and probable reserves of 353.8 million tonnes grading 0.92 g/t Au for 10.49 Moz Au. In March 2017, a drilling campaign, consisting of eight (8) holes for a total of 2,208 metres drilled, was completed on the Casault property. The highlight of this work is the discovery of a new goldbearing zone in drill hole CAS-17-86, near the Sunday Lake Fault. Drill hole CAS-17-86 targeted an induced polarization anomaly located where the regional Sunday Lake Fault cuts the western end of a Timiskaming-type conglomerate basin. This hole intersected a new gold-bearing zone grading 3.1 g/t Au over 1.40 metre (180.50 to 181.90 m), including an interval at 3.94 g/t Au over 0.90 metre (181.00 to 181.90 m). This zone is included within a larger gold anomalous envelope showing a strong alteration in sericite and hematite which yielded a gold value of 0.56 g/t Au over 16.0 metres, from 180.50 to 196.50 metres. | |
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