Midland Exploration starts exploration at Saruman

Executive Summary

• Midland Exploration Inc. has commenced a focused exploration program on the Saruman project to investigate copper‑gold‑molybdenum‑silver (Cu‑Au‑Mo‑Ag) occurrences identified in 2024.
• High‑density lake‑bottom sediment surveys revealed multiple statistically significant copper anomalies, and initial grab‑sample assays returned notable grades (e.g., up to 0.32 % Cu, 0.35 g/t Au, 13.8 g/t Ag, 0.39 % Mo).
• The program will expand prospecting, geological mapping, and additional sampling to determine the extent of a potential Cu‑Au‑Mo‑Ag system in a largely unexplored portion of the Opatica subprovince.

Key Details

• Project Overview: Saruman project – 121 claims covering 64 km² in the Eeyou Istchee James Bay region, acquired November 2023; wholly owned by Midland.
• Anomaly Highlights (2024):
• Seven copper anomalies above the 99.5th percentile and eight above the 97th percentile from a high‑density lake‑bottom sediment survey (MRNF, 2023).
• Fifteen anomalous lake‑sediment samples (>95th percentile) concentrated within a 5 km × 3 km area.
• Grab Sample Results (outcrop):
• Sample L880271 – 0.32 % Cu, 0.35 g/t Au, 13.8 g/t Ag.
• Sample L880270 – 0.12 % Cu, 0.10 g/t Au, 7.1 g/t Ag.
• Sample L880272 – 0.12 % Cu, 0.06 g/t Au, 2.05 g/t Ag, 0.39 % Mo.
• Sample L880273 – 0.11 % Cu, 0.03 g/t Au, 1.62 g/t Ag.
• Geological Context: Located in the Theodat complex of undifferentiated tonalitic gneisses/tonalitic gneissic rocks; area is poorly defined and previously unexplored per MRNF data.
• Program Activities: Immediate commencement of additional prospecting, detailed geological mapping, and systematic sampling to delineate the Cu‑Au‑Mo‑Ag system suggested by lake‑sediment anomalies.
• Quality Assurance/Control: Samples analyzed at ALS Minerals (Vancouver) using fire assay with ICP‑AES or gravity finish for Au; multielement analysis via ICP‑MS; re‑analysis protocol for >1 % Cu/Zn/Mo/Ni grades.
• Qualified Person: Jean‑François Larivière, P.Geo., Ph.D., QP under NI 43‑101, prepared and verified the release.

Notable Quotes

“These early results indicate a potentially significant Cu‑Au‑Mo‑Ag system that warrants further systematic exploration,” – Jean‑François Larivière, Chief Geologist & Qualified Person, Midland Exploration Inc.