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Midland and SOQUEM discover new high-grade copper-gold showings

Christian Fernsby |
Midland Exploration in partnership with SOQUEM announced new results from its 2023 exploration campaign in Nunavik.

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Exploration efforts mainly focused on the high-grade Cu-Au-Ag mineralized system discovered in the summer of 2022 in the Nachicapau Lake area, which graded up to 25.6% Cu, 4.90 g/t Au and 162 g/t Ag (29.97% CuEq.)

These new results are reported under the Strategic Alliance between Midland and SOQUEM in the Labrador Trough in Nunavik, Quebec.

Highlights:

Discovery of 6 new mineralized veins at surface and numerous erratic boulders with copper and gold mineralization spread over an area of 7 km2;

23 samples, including 9 on outcrops, yielded grades > 0.1% Cu and 6 samples yielded grades > 1% Cu, up 20.4% Cu;

The best gold grade, at 3.98 g/t Au, 3.33% Cu and 28.2 g/t Ag, is associated with a boulder located 300 metres north of Cu-Au horizons discovered in 2022;

A new deformation zone, observed at surface and highlighted by geochemical and geophysical data, represents a new metallotect.

A geochemistry sampling campaign was conducted in the late summer of 2023, during which a total of 227 rock samples and 1,018 soil samples (B horizon) were collected on the Nachicapau property.

Real-time XRF analysis of soil samples led to the identification of anomalous areas and the discovery of 6 new mineralized veins at surface.

These veins, mainly composed of calcite and clinochlore, are injected in rocks of the Murdoch Formation and host copper mineralization with digenite, bornite and malachite. On outcrops, best results associated with these veins are 13.8% Cu and 1.71% Cu.

They are located respectively 1.4 km and 2.6 km south of Cu-Au horizons discovered in 2022. The best copper grade reaching up to 20.4% Cu is associated with a vein mineralized with malachite and bornite in a plurimetric boulder.

Gold grades reaching up to 3.98 g/t Au are occasionally associated with these veins and confirm the gold potential of the area. Field observations also led to the identification of a new deformation zone located 500 metres east of the Cu-Au horizons discovered in 2022.

This discontinuity is also defined by geochemical and geophysical data; it affects lithological units of the Murdoch Formation and may have played a role in the emplacement of mineral occurrences.


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