For thousands of other reports visit RSC's Mineral Intellingence Map
Midland Exploration Inc.
Summary
| Project: | Willbob | |
|---|---|---|
| Deposit: | Lafrance, Golden Tooth | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-1-2017: Midland Exploration Inc. announces an Exploration/Drilling Update report for its Lafrance, Golden Tooth deposit at the Willbob project. Drilling results incl. 6.35m @ 1.28g/t Au from 45.05m. Montreal, January 18, 2017. Midland Exploration Inc. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard D. St-Cyr (Not stated) | |
| ABSTRACT: | Montreal, January 18, 2017. Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report excellent results from its most recent prospecting program and its very first diamond drilling campaign on the Willbob gold project, currently wholly owned by Midland. Midland is also pleased to announce the acquisition of 945 new wholly owned claims in the vicinity of the Willbob property and of the recent earn-in agreement reached between Osisko Mining Inc. (“Osisko”) and Barrick Gold Corp. (“Barrick”) for the Kan property which is adjacent to the south of the Willbob property. Barrick must commit $15-million in work expenditures over a four-year period to earn a 70-per-cent interest on Kan, subject to certain annual work expenditure thresholds, including a guaranteed expenditure threshold of $6-million in the first two years (see press release by Osisko dated January 10, 2017). The Willbob property consists now of 1,268 mining claims covering a surface area of about 577 square kilometres and is located about 70 kilometres west of the town of Kuujjuaq, in Nunavik. This 2016 drilling campaign on Willbob was designed to test, at shallow depth, the extensions of the Golden Tooth and Lafrance surface gold occurrences (Gold Sheer zones), where prospecting work carried out in 2015 and 2016 yielded gold values reaching 25.2 g/t Au (Golden Tooth) in grab sample and historical values reaching 21.9 g/t Au (Lafrance) in grab sample. In addition, channel samples and additional grab samples were also collected on the Dessureault showing where, during the 1980s, Noranda reported channel sampling results grading 12.0 g/t Au over 3.3 metres. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report