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Last C$0.77 CAD
Change Today +0.09 / 13.24%
Volume 28.1K
MD On Other Exchanges
As of 3:57 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

midland exploration inc (MD) Snapshot

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06/19/14 - C$0.98
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midland exploration inc (MD) Details

Midland Exploration Inc., a mineral exploration company, acquires, explores for, and evaluates mineral properties in Canada. The company explores for gold, platinum group elements, base metals, and rare earth elements. It holds interest in various projects located in the Abitibi, Grenville-Appalaches, James Bay, northern Quebec, and Labrador Trough areas. The company was incorporated in 1995 and is headquartered in Montreal, Canada.

Founded in 1995

midland exploration inc (MD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$185.0K
Chief Financial Officer
Total Annual Compensation: C$57.9K
Vice-President of Exploration
Total Annual Compensation: C$153.8K
Compensation as of Fiscal Year 2014.

midland exploration inc (MD) Key Developments

Midland Exploration Inc. Provides an Update on its Various Ongoing Exploration Activities Across Quebec

Midland Exploration Inc. provided an update on its various ongoing exploration activities across Quebec. During the winter of 2015, four diamond drilling programs including 38 holes were completed in the Abitibi region, on the Patris, Casault, Jouvex, and Samson projects, for a total of more than 7,600 metres drilled. Highlights from these drilling campaigns include the identification of a new gold- bearing felsic porphyry intrusion in the north part of the Casault project in partnership with SOQUEM and the discovery of an extensive hydrothermal alteration zone located near the Destor- Porcupine Fault on the Patris project in partnership with Teck. Midland and its partners are currently assessing various possible scenarios for follow-up work programs. During the winter of 2015, Midland, in partnership with SOQUEM, completed seventeen drill holes totaling 3,467.2 metres. The highlights of this campaign include the identification of a new gold-bearing QFP in drill hole CAS-15-44. The latter drill hole intersected a series of silica, sericite and hematite alteration zones with anomalous gold values (> 100 ppb Au), occurring in discontinuous fashion over more than 100 metres and locally grading up to 0.47 g/t Au over 1.0 metre from 146.0 to 147.0 metres. The entire contact of the QFP body has not been explored yet, and the contact with the magnetic gabbros remains untested. This new exploration target is located about 5.5 kilometres west of the Bug Lake zone held by Balmoral Resources Ltd. A total of seven diamond drill holes were completed this winter in partnership with Teck on the Patris property, for a total of 1,298.0 metres drilled. Drill hole PAT-15-05 tested an induced polarization anomaly located near the Destor-Porcupine Fault. The drill hole intersected a wide alteration zone with pyrite, pyrrhotite, chalcopyrite, galena, and molybdenite within ultramafic rocks strongly altered to fuchsite, quartz and carbonates. This alteration zone was intersected over a drill length of approximately 100 metres and locally yielded anomalous copper, molybdenum, silver, and lead values. Grades of 82.6 g/t Ag, 0.10 g/t Au, 0.22% Cu and 1.0% Pb over 1.0 metre were obtained from 176.5 to 177.5 metres.

Midland Exploration Inc. Announces Beginning of an Exploration Program on James Bay Éléonore Gold Project

Midland Exploration Inc. reported the beginning of an exploration program and the addition of map designated claims to its 100% owned James Bay Éléonore Gold project located in James Bay, Québec. A total of 61 claims, covering 30.7 square kilometres, were added to the Éléonore Gold project which is located about 40 kilometres to the southeast of the Éléonore Centre property. This first phase of the exploration program includes ground geophysics on the Éléonore Centre property. The Éléonore project, which encompasses the Éléonore Centre and West properties, is constituted of a total of 327 claims covering 172 square kilometres, and is located approximately 30 kilometres southwest from and in a geological environment similar to Goldcorp Inc.’s Éléonore deposit. This gold deposit contains reserves of 4.97 Moz Au (proven and probable categories), combined measured and indicated resources of 1.06 Moz Au and inferred resources estimated at 2.80 Moz Au, for a total of 8.83 Moz of gold.

Midland Exploration Inc. Signs Option and Joint Venture Agreement with SOQUEM inc. for its Casault and Jouvex Gold Projects

Midland Exploration Inc. announced the execution of an option and joint venture agreement with SOQUEM INC. granting the latter the option to acquire a 50% undivided interest in its Casault and Jouvex gold properties, currently wholly owned by Midland, and providing for the creation of a joint venture once the option has been exercised. Execution of this agreement follows a letter of intent signed in the fall of 2014. The Casault property covers the Sunday Lake Fault over more than 20 kilometres strike length and is located about 40 kilometres east of the Detour Lake gold deposit, which currently hosts 15.5 million ounces of gold in near-surface proven and probable mineral reserves. Under the terms of this letter of intent, SOQUEM has the option to earn 50% of Midland’s interest for the Casault and Jouvex properties over a period of four years, by fulfilling the following conditions: Exploration expenditures totaling $4,500,000, including a firm commitment of $1,000,000 during the first year. Midland will be project operator during the option period.


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