Midland Exploration Inc. (MD-V) Midland Intersects Additional Cu-Au-Mo-Ag Zones on Its Mythril Project
Midland announced on September 2, 2021 results from its summer drilling program on the Mythril project located in Eeyou Istchee James Bay, Québec. Mineralized zones of copper-molybdenum-gold-silver were intersected near surface in several drill holes on its 100% owned Mythril Cu-Mo-Au-Ag project. Recall Midland discovered Mythril by prospecting in late 2018 and concluded a strategic investment with BHP Canada Inc. (“BHP”) in the spring of 2019 totalling $5.85 M for copper exploration in Québec. Also recall on May 27, 2021, Midland had reported that drilling (minimum 2,000-m diamond drill campaign) would resume and aim to investigate targets generated by a new 3D modelling analysis.
The latest drilling campaign (7 drill holes totalling 1,647 m) completed at the end of June 2021 was mainly designed to test these new geological targets identified through 3D Leapfrog Geo modelling. The model outlined several untested areas characterized by chargeability highs from the induced polarization (IP) survey, located near the contact with conglomerates (See end of: https://www.dhirubhai.net/pulse/midland-exploration-inc-md-v-more-smoke-mythril-new-vectors-lemieux/?published=t).
Drill holes hit polymetallic vein type copper mineralization with what we estimate as generally similar to previous best holes. We estimate a $162/t NSR x thickness metric for this Phase 4, highlights include:
·????????Drill hole MYT-21-38, collared on line 5+00E, tested a lateral gap of ~300m between drill holes MYT-19-01 and MYT-19-03. Drill hole MYT-21-38 intersected a mineralized zone from 56.5 to 85m grading 0.59% Cu, 0.05 g/t Au, 1.87 g/t Ag and 0.025% Mo (0.74% CuEq) over 28.5m including 1.02% Cu, 0.09 g/t Au, 2.62 g/t Ag and 0.048% Mo (1.29% CuEq) over 10.5m (from 56.5 to 67m depth along hole). This interval includes 2 high-grade zones that returned values of up to 0.5m @ 8.73% Cu, 1.29 g/t Au, 22.4 g/t Ag and 0.87% Mo (13.2% CuEq) (from 57.8 to 58.3m), as well as 1.2m @ 3.50% Cu, 0.11 g/t Au, 6.17 g/t Ag and 0.04% Mo (3.77% CuEq) (from 59.8 to 61m). This zone is also included within a larger interval grading 0.25% CuEq over 104.6m (from 18 to 122.6m).
·????????Drill hole MYT-21-39, collared on line 6+00E, intersected a Cu-Au zone grading 1.34% Cu, 3.14 g/t Au, 10.14 g/t Ag and 0.005% Mo (3.55% CuEq) over 3.1m (between 227.6 and 230.7m) including a gold-bearing interval of 0.7m @ 2.32% Cu, 13.75 g/t Au, 40.3 g/t Ag and 0.002% Mo (11.90% CuEq) (from 230 to 230.7m). This interval is included within a large interval that yielded 0.25% CuEq over 59.7m (between 171 and 230.7m).
·????????Drill hole MYT-21-40, collared on line 8+00E, intersected a zone grading 0.63% CuEq over 5m (from 21 to 26m), while a second zone returned 0.53% CuEq over 3.75m (from 96.75 to 100.5m). From 146.5 to 152 metres, another mineralized interval graded 0.25% CuEq over 5.50m. Finally, from 192 to 193.5 a gold-bearing interval of 5.95 g/t Au over 1.5m.??
·????????Drill hole MYT-21-41 (line 10+50E) intersected an interval grading 0.40% CuEq over 5m (from 72 to 77m), including a zone at 1.82% CuEq over 0.75 m.
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Previously, 3 diamond drilling campaigns totaling 11,184m were conducted in 2019 following the IP survey, which yielded the following highlights:
·????????Phase 1: 10 holes for 2,403m (published on May 16, 2019): MYT-19-06 (section 1300E): 1.41% CuEq over 12.55m.
·????????Phase 2a: 5 holes for 1,660m (published on July 30, 2019): MYT-19-11 (section 1300E): 12.04% CuEq over 9m.
·????????Phase 2b: 11 holes for 3,571m (published on September 5, 2019): MYT-19-24 (200E): 1.77% CuEq over 3.12m.
·????????Phase 3: 10 holes for 3,350m (published on November 5, 2019): MYT-19-33 (1200E): 0.19% CuEq over 93.1m.
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Phase 4 with 1.29% CuEq over 10.5m and 3.55% CuEq over 3.1m shows a system that remains open and fertile.
The Mythril (Cu-Mo-Au-Ag) zone comprises a series of mineralized subcropping boulder fields and Cu-Mo-Au-Ag showings occurring over a strike length of >3 km. Located ~7 km south of the Trans-Taiga road and hosted in Archean rocks of the Superior Province, the first 9-day prospecting campaign conducted in 2018 led to the discovery of 11 new surface Cu-Mo-Au-Ag showings and 2 molybdenite occurrences, which namely yielded values of up to 2.74% Cu, 0.44 g/t Au, 0.06% Mo and 24.3 g/t Ag over 2.7 m in channel samples on the Celeborn showing. 57 grab samples from mineralized outcrops distributed over a lateral extent of 2 km yielded average values of 2.03% Cu, 0.48 g/t Au, 0.18% Mo and 18.3 g/t Ag. Overall, 116 mineralized boulders were found, yielding an average of 1.92% Cu, 0.87 g/t Au, 0.11% Mo and 20.7 g/t Ag. We understand that Midland’s exploration team is currently back in the field and is commencing a prospecting program on the Mythril project and also, saliently, on new regional targets.
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As well as: https://www.dhirubhai.net/pulse/midland-exploration-inc-md-v-site-visit-mythril-several-eric-lemieux// and https://www.dhirubhai.net/pulse/midland-exploration-inc-md-v-final-results-phase-2-drilling-lemieux/ and https://www.dhirubhai.net/pulse/midland-exploration-inc-md-v-bhp-dips-finger-mythril-play-lemieux/ and https://www.dhirubhai.net/pulse/midland-exploration-inc-md-v-mythril-play-initial-home-run-lemieux/).?
Important Disclosures
Midland Exploration Inc. ??????????????????
C????????????The Mining Analyst, in his own account or in a family related account, owns securities in excess of 30,000 shares of the issued and outstanding equity securities of this issuer.
V????????????The Mining Analyst has visited material operations of this issuer, namely the Mythril, Willbob, Soissons, Pallas, Maritime-Cadillac, Gatineau Zn, Weedon and Ytterby projects.
P????????????This issuer paid a portion of the travel-related expenses incurred by the Mining Analyst to visit material operations of this issuer.
R????????????This issuer has indirectly paid the Mining Analyst.
Update - September 9, 2021:
Jean des Rivières Joins Midland’s Board of Directors
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On September 9, 2021, Midland announced the nomination of Mr. Jean des Rivières as a Director of the Company. Mr. des Rivières has diversified experience in international exploration and mining industries having worked in more than 50 countries in a career spanning over 35 years. Mr. des Rivières most recently held the position of Vice President Metals Exploration at BHP and previously held managerial and technical positions at Rio Algom, BHP and Noranda. While VP of Exploration of BHP heading their Global Greenfield Copper exploration program, his strategic planning, management and guidance contributed to the discovery of the Oak Dam West Copper-Gold deposit in South Australia and the discovery of Escondida Este and Sur in Chile. While at Noranda, he led the exploration teams responsible for the gold discoveries at the Monument Bay and Oxford Lake projects in Manitoba. Mr. des Rivières is a geologist by profession and holds a Bachelor of Science degree in Geology from Université du Québec à Montréal (UQAM) and a Master’s degree of Science in Geology from école Polytechnique de Montréal (affiliated to the University of Montreal). He is on the board of directors of First Majestic Silver Corp. (FR-T) and Montero Mining and Exploration Ltd. (MON-V). Mr. Gino Roger, President and CEO, commented: “We are thrilled to have Jean join Midland. The Corporation will benefit from his knowledge and skill sets in the years to come”.
Recall Midland continues to target the excellent mineral potential of the Province of Québec with focus on making the discovery of new world-class deposits of gold, base metals (copper, nickel, zinc), platinum group elements. ?Midland has built strong partnerships with SOQUEM INC. (subsidiary of Investissement Québec), BHP Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Development Corp., Abcourt Mines Inc., and the Nunavik Mineral Exploration Fund.
Please see:
Update - November 10, 2022:
Midland options two James Bay properties to Brunswick Exploration for lithium exploration, proximal to Patriot Battery’s Corvette Project, Québec
?Midland Exploration Inc.?(MD-V)
Brunswick Exploration Inc. (BRW-V)
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On November 10, 2022, Midland announced the execution of a new option agreement with Brunswick Exploration Inc. ((https://brwexplo.ca/)) for lithium exploration on 2 properties 100% owned by Midland and located in the Eeyou Istchee-James Bay region, Québec. The 2 claim blocks, include the Mythril and Elrond Properties and total >513 claims covering a surface area of ~26,300 ha.?Midland has granted to Brunswick the option to acquire exploration rights for critical minerals including lithium.?But notably excluding copper, nickel, zinc, lead, gold, silver, platinum and palladium endowment. Recall on September 22, 2022. Midland had announced that it was evaluating its lithium potential within its 2018 discovered copper-gold mineral systems at Mythril and Mythril Regional (https://www.dhirubhai.net/pulse/midland-exploration-inc-md-v-intersects-additional-zones-eric-lemieux/ and https://www.dhirubhai.net/pulse/midland-exploration-inc-md-v-more-smoke-mythril-new-vectors-lemieux/?published=t) as well as perhaps on Elrond in western James Bay (see June 15, 2021 update: https://www.dhirubhai.net/pulse/midland-exploration-inc-md-v-update-james-bay-gold-projects-lemieux/?published=t).
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Glove fits hand: Under the agreement, Brunswick may acquire an initial 50% interest ("Option 1") in the Mythril and Elrond Properties over a 3-year period for an overall consideration of $500,000 payable in cash and shares and the requirement to spend an amount of $1.5M in exploration expenditures. ?Brunswick has the option to earn an additional 35% undivided interest in the claims ("Option 2") in the properties over an additional 2-year period, following an aggregate consideration of $200,000 payable ?in cash or shares and the requirement to spend an additional amount of $2M in exploration expenditures or in cash or in shares. Brunswick shall hold a right of first refusal on the 15% remaining interest held by Midland and Midland would not be required to participate in exploration and development expenditures until a mine is constructed to extract all metals or minerals except precious metals (gold, platinum, palladium and silver) and base metals (copper, zinc, nickel and lead). The agreement permits 2 companies with respective expertise to advance astutely. Brunswick shall access the rare mineral ?LCT (lithium-cesium-tantalum) mineralization ?and lithium potential of the Mythril and Elrond Properties. Brunswick is a top lithium explorer ?in eastern Canada (see: https://www.dhirubhai.net/pulse/brunswick-exploration-inc-brw-v-expands-lithium-district-eric-lemieux/). In Summer 2022, a total of approximately 810 claims, separated into 22 blocks and totaling 42,892 hectares, were staked, The James Bay land package now includes approximately 65 large pegmatite dykes with strike lengths between 900 and 7,000 meters, as well as dozens of smaller dykes.
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Baie James well-endowed with lithium: The Eeyou Istchee James Bay region is currently the focus of an exploration rush for lithium pegmatites and is prolific for its hard rock lithium endowment, hosting numerous spodumene showings, notably 4 deposits with defined resources and advance projects such as Moblan of Sayona Mining Limited (SYA-ASX) (see:?https://www.dhirubhai.net/pulse/sayona-mining-limited-sya-asx-otcsyaxf-reports-new-lithium-lemieux). The Mythril project is strategically located 1.6 to 4.5 km north of the hard rock spodumene lithium-bearing pegmatite discoveries at Corvette as reported by Patriot Battery Metals Inc. in a press release dated August 31, 2022, with drill intercepts including 1.65% Li2O and 193 ppm Ta2O5 over 159.7m (https://patriotbatterymetals.com/).
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Update - August 29, 2023:
Midland Exploration Inc. (MD-V)?
Brunswick in partnership with Midland commences a first exploration program for Lithium on the Mythril Project north of Patriot Battery Metals Corvette Project
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On August 29, 2023. Midland and Brunswick announced the commencement of a first exploration program for lithium mineralization on the 19,370ha Mythril Project, operated by Brunswick. The Mythril project is under an option agreement with Brunswick since November 2022. The Mythril Project is located in the Eeyou Istchee James Bay region immediately north of Patriot Battery Metals Inc.’s Corvette project and the CV5 deposit (109.2 Mt @ 1.42% Li2O (cut-off grade of 0.40%)) making CV5 one of the largest lithium pegmatite resource in the Americas. Recall Midland had reported on August 24, 2023 the commencement of a first exploration program for lithium mineralization operated by Rio Tinto Exploration Canada Inc. on its Mythril area ((Chisaayuu, Corvette and Mythril East) and Galinée projects (see: https://www.dhirubhai.net/posts/eric-lemieux-9468715_midland-exploration-inc-md-v-midland-activity-7100571236585324544-yEDu?utm_source=share&utm_medium=member_desktop).
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Mythril to be revisited: The Mythril project is located about 1.5 km north of lithium pegmatites discovered on Corvette as reported by Patriot and consists of 380 claims. Initially, the exploration program shall mainly focus on the southern part of the Mythril project, proximal to the Corvettes’ lithium discoveries. Several important structural trends were identified by Brunswick and interpreted from high-resolution magnetic data on the Mythril project. These targeted NE trending structures share the same orientation as Patriot’s CV13 spodumene pegmatites. These structures shall be targeted by a helicopter-supported prospecting and mapping exploration program, as well as a LiDAR survey. Moreover, 2 new lake bottom lithium anomalies were identified south on the Mythril project, following a regional statistical treatment of more than 23,000 analyses and completed by Midland. The new targets on Mythril bode well and the Mythril Project has not yet specifically been explored for lithium. Recall Midland generated the Mythril project following discovery of copper floats in Fall 2028 (see: https://www.dhirubhai.net/pulse/midland-exploration-inc-md-v-avanti-mythril-eric-lemieux/?trackingId=pNvTGJU%2BR6u82%2BrPO%2F%2FcuA%3D%3D As well as https://www.dhirubhai.net/pulse/again-avanti-mythril-drilling-commence-eric-lemieux/ and https://www.dhirubhai.net/pulse/midland-exploration-inc-md-v-bhp-dips-finger-mythril-play-lemieux/).
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Co-fondateur et associé chez Triax Intelligence et développement d'affaires
3 年Go MD!!!