🕐19.03.09 - 18:31 Uhr
Midland Acquires New Gold Property Along the Destor-Porcupine Fault
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Midland Exploration Inc.
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MD
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March 19, 2009
Midland Acquires New Gold Property Along the Destor-Porcupine Fault
MONTREAL, QUEBEC--(Marketwire - March 19, 2009) - Midland Exploration Inc.
("Midland") (TSX VENTURE:MD) is pleased to announce the acquisition, by
staking, of a new property with strong gold potential located near the major
Destor-Porcupine Fault Zone in the Abitibi district, Quebec.
This new
acquisition is the result of a major program to generate new gold projects
in the Abitibi volcanic belt.
The Dunn property is located about 35
kilometres northeast of the town of Rouyn-Noranda.
It consists of 39 claims,
wholly owned by Midland and covering about 1,534 hectares in Clericy and La
Pause townships.
This new acquisition covers a strategic imbrication zone
involving the Destor-Porcupine, Manneville, and La Pause gold structures.
To date along the western segment of the Destor-Porcupine Fault Zone, more
than 70 million ounces of gold have been produced.
On the Quebec side,
Midland now controls more than 5 kilometres strike length along this
structure which hosts several important gold deposits, including the Fayolle
deposit located nearby.
The important gold structure is marked, on the Dunn
property, by a magnetic break along the contact between ultramafic and mafic
rocks.
Along strike of this magnetic break, many new gold showings have been
defined, including the North Gold Zone held by Cartier Resources, located
about 6.6 kilometres east of the Dunn property.
Grades of 0.35 g/t Au over
67.0 metres and 0.68 g/t Au over 19.0 metres, including 7.27 g/t Au over 1.0
metre, were reported in drill holes on this zone (Source: press release by
Cartier Resources dated November 10, 2008).
Less than 850 metres west of the
Dunn property, a historical drill hole intersected a 1.0 m section grading
15.6 g/t Au along the same magnetic break (Source: Sigeom, MRNF).
A compilation of previous work on the Dunn property reveals the presence of
several untested induced polarization anomalies ready to be drilled as well
as the presence of alteration minerals typically encountered near the
Holloway and Holt mines (4.1 M oz Au) located near Matheson, Ontario, less
than 1 km on either side of the Destor-Porcupine Fault (Source: St-Andrew
Goldfields website).
On this new Midland property, a variety of favourable
lithologies, namely felsic to ultramafic rocks, turbiditic sediments, a
syenite intrusion and several felsic porphyry intrusions, provide many
potential lithological contrasts likely to have facilitated the emplacement
of gold mineralization along favourable structures.
About Midland
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 uranium.
Midland is proud to count on
reputable partners such as Agnico-Eagle, Soquem Inc.
and Quest Uranium
Corporation.
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, geologist and a 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 Midlands periodic reports including the annual
report or in the filings made by Midland from time to time with securities
regulatory authorities.
CONTACT INFORMATION:
Midland Exploration Inc.
Gino Roger
President and Chief Executive Officer
450-420-5977
Fax: 450-420-5978
www.midlandexploration.com
INDUSTRY: Manufacturing and Production - Mining and Metals
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