Midland and SOQUEM Announce the Discovery of A New Copper-Gold-Ree Zone Up to 31.60% Cu And 6.92 g/t Au in the Labrador Trough
Executive Summary
- Midland Exploration and SOQUEM announced the discovery of a high‑grade copper‑gold‑REE mineralized zone (Malaco Mountain) in the Labrador Trough.
- Grab sample assays returned up to 31.60 % Cu, 6.92 g/t Au and 0.16 % REE, with additional cobalt and silver grades.
- The discovery prompted acquisition of 36 exclusive exploration rights covering 17.4 km² and expands the Alliance’s target area south of the Nachicapau project.
Key Details
- Sample Assays (June 2025):
- Sample C1456708 – 31.60 % Cu, 6.92 g/t Au, 0.16 % REE, 37.30 g/t Ag, 0.20 % Co.
- Sample C1456710 – 12.30 % Cu, 0.36 g/t Au, 0.57 % REE, 6.60 g/t Ag, 0.02 % Co.
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Sample C1456709 – 0.65 % Cu, 0.05 g/t Au, 0.39 % REE, 1.20 g/t Ag, 0.008 % Co.
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Geological Setting: Chalcopyrite‑malachite disseminations in cherty siltstones/mudstones; veining with pyrite, chalcopyrite, malachite, azurite and digenite; mineralization observed parallel to bedding and associated with fractures/breccias/shearing.
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Exploration Rights Acquired: 36 exclusive exploration rights (EER) covering 17.4 km², designated as the Malaco Mountain project within the Strategic Alliance area of interest.
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Follow‑up Work: One day of additional surface sampling conducted in September 2025; results pending.
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Historical Context: Area previously intersected by shallow 1962 drilling (GM13648) that identified chalcopyrite, suggesting deeper mineralization potential (no assay data available).
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Strategic Alliance Funding: Up to $5 million over four years, with $2 million committed in the first two years; 2025 joint annual budget of $1 million (50 % Midland, 50 % SOQUEM).
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Qualified Person: Exploration Director Richard D. St‑Cyr, P.Geo., reviewed and approved the release per NI 43‑101.
Notable Quotes
- “This is the first occurrence in the Labrador Trough combining Cu‑Au‑REE‑Co‑Ag at grades above thresholds established by the Ministère des Ressources Naturelles du Québec,” – Gino Roger, President & CEO, Midland Exploration Inc.