-- Posted Wednesday, 16 March 2011 | | Source: GoldSeek.com
MONTREAL, QUEBEC--(March 16, 2011) - Midland Exploration Inc. ("Midland") (TSX VENTURE:MD, MIDLF.PK) is pleased to announce the acquisition, by map staking, of 130 new claims located in the vicinity of the major Sunday Lake Deformation Zone, as well as the commencement of an extensive helicopter-borne magnetic survey on its Casault Property. With these new acquisitions, Midland now controls over 20 kilometres along the major Sunday Lake Deformation Zone, about 45 kilometres east of the Detour Lake ore deposit located in Ontario and held by Detour Gold Corporation. This major gold deposit hosts an aggregate 20.5 million ounces of gold in measured and indicated resources, based on a cut-off grade of 0.5 g/t Au, including 14.9 million ounces of gold in near-surface mineral reserves, and commercial production is expected to begin in early 2013 (source: Detour Gold Corporation website and press release dated January 31, 2011).
The new claims recently acquired by Midland cover the direct extension of an important gold-bearing structure that graded, in historical drill holes, up to 4.3 g/t Au over 12.2 metres and 3.7 g/t Au over 4.0 metres (source: MRNF SIGEOM NTS sheets 32E14 and 32E15). In addition, a grade of 6.1 g/t Au was obtained from glacial sediment analyses during a reverse circulation drilling program conducted east of Riviere Harricana (source: MRNF SIGEOM NTS sheet 32L02).
On its Casault Property, Midland has commissioned Geophysics GPR International Inc. to carry out a helicopter-borne magnetic survey totalling about 1,300 line kilometres along flight lines spaced every 100 metres. This magnetic survey will provide valuable input to clarify the geological and structural framework of the Casault Property.
The Casault Property is adjacent to the west of the Martiniere property held by Balmoral Resources Ltd, where drill intersections grading 2.4 g/t Au over 72.0 metres, including a high-grade interval at 11.18 g/t Au over 12.0 metres, were recently reported (source: Balmoral Resources Ltd press release dated March 2, 2011). The Casault Property is located about 140 kilometres north of La Sarre in Quebec. It now consists of a total of 280 wholly-owned claims covering a total surface area of about 156 square kilometres.
Maps showing Midland's strategic land holdings may be consulted using the following links:
For Figure 1 - Map of the Abitibi showing the location of the Casault project, click here: http://media3.marketwire.com/docs/AbitibiGeology.pdf
For Figure 2 - Regional map showing the location of the Casault claim blocks, click here: http://media3.marketwire.com/docs/GoldShowings.pdf
About Midland Exploration
Midland targets the excellent mineral potential and the favourable investment climate of Quebec to make the discovery of new world-class deposits of gold, base metals and rare earth elements. Midland is proud to count on reputable partners such as Agnico-Eagle Mines Limited, Osisko Mining Corporation, Aurizon Mines Limited, North American Palladium Limited, Japan Oil, Gas and Metals National Corporation, Zincore Metals Inc. and SOQUEM Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Midland is currently evaluating new opportunities and other projects in order to increase the portfolio of the Company.
This press release was prepared by Mario Masson, VP Exploration for Midland, certified geologist and Qualified Person as defined by NI 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland's periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.
Contact:
Gino Roger, President and Chief Executive Officer
Midland Exploration Inc.
450-420-5977
450-420-5978 (FAX)
info@midlandexploration.com
