Midland begins exploraion program under strategic alliance with BHP Group

Midland Exploration announced the commencement of a major exploration program for nickel and copper in Nunavik, following up on exploration work carried out from 2020 to 2023 during which new Ni-Cu-Co mineral occurrences were discovered. This new program will be conducted under the strategic alliance executed in August 2020 between Midland’s wholly owned subsidiary, Midland Base Metals Inc., and Rio Algom Limited, wholly owned subsidiary of BHP Group. The 2024 exploration program will focus on a new major crustal-scale structure and its subsidiaries that were identified in the regional airborne Z-Tipper axis electromagnetic survey performed in 2023. These structures, previously poorly recognised, are deemed favorable for nickel-copper mineralization. The 2024 program will consist of regional helicopter-borne Time Domain Electromagnetic surveying as well as one phase of mapping and prospecting scheduled to take place in July. Highlights: Regional MT surveys completed in 2022 identified a new major crustal-scale structure in a poorly explored area, that is deemed favorable for nickel-copper mineralization; New Ni-Cu-Co mineral occurrence discovered by prospecting in 2022; Lake sediment survey totalling approximately 1,534 samples done in July 2023; Helicopter-borne Z-Tipper axis electromagnetic survey totalling approximately 8,900 line-kilometers done in July 2023 identifying several new conductive features; New Ni-Cu-Co mineral occurrence discovered by prospecting in 2023; Regional helicopter-borne Time Domain Electromagnetic survey totalling approximately 6,500 line-kilometers to be done in July 2024; Prospecting and mapping to be done in July 2024.