Midland Exploration Inc., in partnership with SOQUEM INC., is pleased to announce the intersection of three new gold-bearing zones on the Casault project, confirming the potential west of the mineralization intersected in 2012 as well as the beginning of an eight (8) holes drilling program totaling 2,800 metres.
These new zones were discovered about 50 metres west of the 2012 discovery in the drill hole CAS-12-07, which had reported 10.4 g/t Au over 1.45 metre. The Casault property covers the Sunday Lake fault over 20 kilometres and is located about 40 kilometres east of the Detour Lake mine that currently contains proven and probable mineral reserves (NI 43-101) of 15.0 million ounces of gold near surface (source: Detour Gold Corporation website).
New gold-bearing intersections west of the 2012 discovery.
Drill hole CAS-15-53 was drilled westward in order to verify the possibility of an auriferous veins system oriented roughly north-south. These veins had not been intersected by previous works because they had been drilled with a northward direction. From 163.80 to 164.00 metres and 169.00 to 169.60 meters, two gold zones interpreted as corresponding with the 2012 discovery in the drill hole CAS-12-07, respectively reported 8.3 g/t Au over 0.20 metre and 6.1 g/t Au over 0.60 metre. In addition to this area, three (3) new zones of gold-bearing quartz veins were intersected slightly to the west and reported:
- 3.8 g/t Au on 0.60 metre (From 277.90 to 278.50 metres)
- 5.4 g/t Au on 1.00 metre (From 295.00 to 296.00 metres)
- 6.9 g/t Au on 1.10 metre (From 395.00 to 336.10 metres)
In addition, several other gold anomalous zones were also identified in drill hole CAS-15-53 and reported:
- 0.38 g/t Au on 4.50 metres (From 150.00 to 154.50 metres)
- 0.98 g/t Au on 1.00 metre (From 176.00 to 177.00 metres)
- 0.58 g/t Au on 1.15 metre (From 209.45 to 209.60 metres)
- 0.35 g/t Au on 3.05 metres (From 274.85 to 277.90 metres)
These new areas remains unexplored and open in all directions and they identify a new potential for more than 10 kilometres of possible structures oriented north-south near the northern contact of syntectonic Turgeon pluton.
Gold-bearing porphyry sector (QFP)
During the summer drill campaign, a total of fifteen (15) drill holes totaling 5,002.00 metres was completed. Of these, five (5) drill holes, CAS-15-55 to CAS-15-59, were drilled in the gold-bearing porphyry intrusion sector which had been updated in drill hole CAS-15-44 last winter. These five holes, spread over a distance of 2 kilometres, intersected several anomalous gold values associated with porphyry intrusions and altered gabbro in silica, sericite, and hematite locally, confirming the excellent gold potential of this sector which is strategically located in a folded zone in contact between the basin conglomerates 'Timiskaming' type and the mafic volcanics. In addition, new anomalous zones were intersected for the first time in the mafic volcanics north contact of the porphyry intrusion. Among the best anomalous zones above 150 ppb Au on at least half a meter intersected in the area, note that:
Drill hole CAS-15-55 (Drilling survey west to test the north-south possible structure)
- 0.64 g/t Au on 0.50 metre (From 173.70 to 174.20 metres)
Drill hole CAS-15-56 (Drilling survey chisel with CAS-15-44 survey)
- 0.29 g/t Au on 5.05 metres (From 90.50 to 95.55 metres)
- 0.16 g/t Au on 1.50 metre (From 117.00 to 118.50 metres)
- 0.15 g/t Au on 1.50 metre (From 190.00 to 191.50 metres)
Drill hole CAS-15-57 (Drilling survey northward at 600 metres east of CAS-15-56)
- 0.22 g/t Au on 1.50 metre (From 35.00 to 36.50 metres)
- 0.18 g/t Au on 0.50 metre (From 38.33 to 38.83 metres)
- 0.16 g/t Au on 0.80 metre (From 97.45 to 98.25 metres)
- 0.19 g/t Au on 0.50 metre (From 122.50 to 123.00 metres)
- 0.52 g/t Au on 0.50 metre (From 129.10 to 129.60 metres)
- 0.24 g/t Au on 1.00 metre (From 183.00 to 184.00 metres)
- 0.18 g/t Au on 1.10 metre (From 204.00 to 205.10 metres)
- 0.15 g/t Au on 0.60 metre (From 385.90 to 386.50 metres)
Drill hole CAS-15-58 (Drilling survey south at 330 metres west of CAS-13-28A)
- 0.22 g/t Au on 3.00 metres (From 145.00 to 148.00 metres)
- 0.20 g/t Au on 0.80 metre (From 152.00 to 152.80 metres)
- 0.42 g/t Au on 0.50 metre (From 171.00 to 171.50 metres)
- 0.31 g/t Au on 6.00 metres (From 199.00 to 205.00 metres)
Drill hole CAS-15-59 (Drilling survey north-west at 600 metres south-west of CAS-15-58)
- 0.20 g/t Au on 2.50 metres (From 192.50 to 195.00 metres)
- 0.39 g/t Au on 1.50 metre (From 249.50 to 251.00 metres)
The other surveys completed during this campaign to test geological and structural targets and also induced polarization geophysical regional target and TDEM, did not return significant in gold value despite the fact that all targets were explained by the presence of sulfides. Midland and SOQUEM are currently studying the opportunity to add more drill holes in order to follow in the area of drill hole CAS-15-53 as well as in the gold porphyry intrusion sector.
Midland and SOQUEM also announce that a new drill program totaling 2,600 meters was approved to begin in mid-October to test the extensions of new gold vein intersections of drill hole CAS-15-53 and the southern contact of gold-bearing porphyry intrusion altered in magnetite-hematite intersected in drill hole CAS-15-57. During this campaign, induced polarization targets will also be tested.