Posted in | News | Platinum | Mining Business

Midland and JOGMEC Partner for Diamond Drill Program on Pallas Project

Midland Exploration Inc. ("Midland") is pleased to announce, in partnership with Japan Oil, Gas and Metals National Corporation ("JOGMEC"), the beginning of a first diamond drill program on the Pallas Project.

The objective is to test the extensions of the high grade platinum group elements (« PGE ») new showing named Athena, as well as the extensions of the best PGE mineralized zones found during the summer 2014. The Pallas properties are located between 60 and 80 kilometres west and south from the town of Kuujjuaq, Quebec.

The drill program will comprise 7 holes for a total of approximately 1000 metres (« m ») to test the best showings yet discovered. The first showing to be drilled is Athena which had returned 12.6 and 2.76 g/t PGE plus gold (« PGE + Au ») and a second showing 500 m north, that returned up to 3.2 g/t PGE +Au. The third target to be tested is the Enish showing that returned 4.9, 2.9 and 2.8 g/t PGE + Au along a 100 m long mineralized corridor. The next fourth and fifth targets to be drilled are on the Ceres claim block, to test a channel returning 2.2 g/t PGE + Au over 1.0 m and a mineralized zone, farther north, returning up to 4.3 g/t PGE +Au. Finally, the last two holes will test the best channel samples on the Palladin Property that returned 2.9 g/t PGE + Au over 1.76 m (including 4.5 g/t PGE + Au over 0.80 m) and 1.94 g/t PGE + Au over 2.1 m (including 2.65 g/t PGE + Au over 0.75 m); both channels are open on each side. Jointly with the drill program, more prospecting and channel sampling will also be completed on other very good PGE occurrences.

The Pallas Project comprises 479 claims covering more than 210 square kilometres of mineral rights in the Labrador Trough. These new claims cover a large folded pluri-kilometric ultramafic-mafic complex known, in this section of the Trough, for its strong exploration potential for PGE.

Exploration Agreement Terms

JOGMEC has the option to acquire 50% interest in the Pallas project prior to March 31, 2016 by funding $2,000,000 in expenditures. Midland will be operator as long as it will hold an interest equal to or higher than 50% in the project.

About JOGMEC

JOGMEC was established in February, 2004, following the integration of the former Japan National Oil Corporation (JNOC) and Metal Mining Agency of Japan (MMAJ). It is a corporation under the Japanese Ministry of Economy, Trade and Industry (METI), with a mandate of investing in developing minerals projects worldwide to help secure a stable supply of natural resources for Japanese industry.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, PGE, base metals and rare earth elements. Midland is proud to count on reputable partners such as Japan Oil, Gas and Metals National Corporation, Teck Resources Limited, Agnico Eagle Mines Ltd, Donner Metals Ltd, Maudore Minerals Ltd, and SOQUEM Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Company portfolio and generate shareholder value.

Source: http://www.midlandexploration.com/

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Midland Exploration. (2019, February 17). Midland and JOGMEC Partner for Diamond Drill Program on Pallas Project. AZoMining. Retrieved on February 28, 2024 from https://www.azomining.com/News.aspx?newsID=10463.

  • MLA

    Midland Exploration. "Midland and JOGMEC Partner for Diamond Drill Program on Pallas Project". AZoMining. 28 February 2024. <https://www.azomining.com/News.aspx?newsID=10463>.

  • Chicago

    Midland Exploration. "Midland and JOGMEC Partner for Diamond Drill Program on Pallas Project". AZoMining. https://www.azomining.com/News.aspx?newsID=10463. (accessed February 28, 2024).

  • Harvard

    Midland Exploration. 2019. Midland and JOGMEC Partner for Diamond Drill Program on Pallas Project. AZoMining, viewed 28 February 2024, https://www.azomining.com/News.aspx?newsID=10463.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit
Azthena logo

AZoM.com powered by Azthena AI

Your AI Assistant finding answers from trusted AZoM content

Azthena logo with the word Azthena

Your AI Powered Scientific Assistant

Hi, I'm Azthena, you can trust me to find commercial scientific answers from AZoNetwork.com.

A few things you need to know before we start. Please read and accept to continue.

  • Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
  • Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
  • Large Language Models can make mistakes. Consider checking important information.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.