Northwire Canada EditionWednesday, July 29, 2026
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NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Drill Results

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

By The Northwire Desk — AI Analysis Sep 30, 2025 · 07:30 MD · 0.56 Midland Exploration Inc.
MD · Price

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.

  • Sample C1456709 – 0.65 % Cu, 0.05 g/t Au, 0.39 % REE, 1.20 g/t Ag, 0.008 % Co.

  • 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.

  • 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.

  • Follow‑up Work: One day of additional surface sampling conducted in September 2025; results pending.

  • Historical Context: Area previously intersected by shallow 1962 drilling (GM13648) that identified chalcopyrite, suggesting deeper mineralization potential (no assay data available).

  • 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).

  • 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.
Read the original news release →

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