MONTREAL, September 22, 2022 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V:MD) has secured land positions at the Mythril and Mythril Regional Cu-Mo-Au-Ag projects (wholly owned by Midland) in Eeyou Istchee James Bay, Quebec to assess lithium potential. Midrand closed a strategic investment with BHP Billiton Canada Inc. after exploration discovered mithril, a copper-gold mineral system, in late 2018. (“BHP”) Spring 2019, total $5.85 million for copper exploration in Quebec.
An exploration rush is underway in the Eeyou Istchee James Bay area for lithium-bearing pegmatites. The Mithril and Mithril Regional Projects are strategically located 1.6 to 4.5 km north of the hard rock spodumene lithium-bearing pegmatites found on Corvette, reported by Patriot Battery Metals. (“Patriot”) In a news release dated 31 August 2022. It refers to a mineralized lithium-bearing drilling interval containing 1.65% Li.2O and 193 ppm Ta2〇Five Over 159.7 meters from borehole CV22-042.
The Mithril and Mithril Area Projects cover up to 778 square kilometers and consist of a total of 1,534 map-designated claims spread across eight claim blocks located north and south of the Patriot’s pegmatite fields. A total of 47 map-specific claims were recently added to the main block of the Mithril Project. These are partly adjacent to the Patriot’s current claims. Initially targeted at Cu-Mo-Au-Ag mineralization, these projects are now also being evaluated for lithium-bearing pegmatite mineralization, which could add value to current metallogenesis.
The demand of the electric vehicle industry and the current unstable geopolitical situation are increasing the global demand for lithium. Wholly-owned Mithril and Mithril regional projects offer an opportunity to potentially contribute to this growing demand.
Mineralization occurring at the Patriot-owned Corvette Project is not necessarily indicative of the mineralization that may be identified at the Mithril and Midland-owned Mithril Regional Properties.
Midland targets Quebec’s outstanding mineral potential to discover new world-class deposits of gold, platinum group elements and base metals. Midland has worked with reputable partners such as BHP Canada Inc., Rio Tinto Exploration Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Development Corp., SOQUEM inc. and Nunavik Mineral Exploration Fund. Proud to rely on. , and Abcourt Mines Inc. Midland like to work in partnership and expect to quickly enter into additional agreements on newly acquired properties. Management is currently evaluating other opportunities and projects to build our portfolio and create shareholder value.
This press release has been reviewed and approved by Mario Masson. P.Geo., VP Exploration for Midland and Qualified Person (as defined in NI 43-101) has also approved the technical content of this press release.
For more information, please visit Midland’s website or contact us at:
Gino Roger, President and CEO
Phone: 450 420-5977
Fax: 450 420-5978
Email: [email protected]
Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.
This press release may contain forward-looking statements that involve known and unknown risks and uncertainties that could cause actual results to differ materially from desired results. Such risks and uncertainties include those described in Midland’s periodic reports, including its annual reports, or in its filings with securities regulators from time to time.
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Midland Solidifies Land Position, Assessing Lithium Potential in Mithril and Mithril Regional Projects Near Patriot Battery Metals Lithium Discovery, Canadian Business Journal
Source link Midland Solidifies Land Position, Assessing Lithium Potential in Mithril and Mithril Regional Projects Near Patriot Battery Metals Lithium Discovery, Canadian Business Journal