Drill Results
Midland Resumes Work on Its Jouvex Gold Project Northwest of Douay Gold Deposit in Abitibi

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Executive Summary
- Midland announced the execution of a 30‑line‑km induced polarization (IP) survey on its Jouvex gold property, slated for October 2025.
- The IP survey is intended to refine drilling targets identified from historical work and recent drone‑supported magnetic surveys in the south portion of the project.
- A winter 2026 helicopter‑supported diamond drilling program of at least 1,500 m has been planned to test the refined IP targets near a potential gold‑bearing syenite similar to the nearby Douay deposit.
Key Details
- Survey Scope: 30 km of IP lines covering the south part of Jouvex; line cutting began in fall 2025.
- Purpose: Refine drilling targets previously defined from historical drilling, compiled data, and two drone‑supported magnetic surveys conducted in 2024‑2025.
- Geological Insight: Recent reassessment added a band of felsic tuffs and volcanic rocks between Taïbi sediments and Cartwright mafic volcanics; these units are absent in SIGEOM and may host VMS mineralization.
- Magnetic Findings: Drone magnetic surveys show the main magnetic fabric is truncated in the south, suggesting major structures favorable for syenitic intrusions—potential analogues to the Douay gold deposit (3.038 Moz indicated & inferred resources).
- Future Drilling Plan: Winter 2026 diamond drilling campaign (helicopter‑supported) targeting at least 1,500 m of core in the IP grid area; permits have been submitted and are under processing.
- Forward‑Looking Statements: Includes expectations for additional agreements on newly acquired properties and other corporate initiatives.
Notable Quotes
“Midland is pleased to announce the execution of an induced polarization (IP) survey on its Jouvex gold property… The survey is designed to refine drilling targets that were previously defined based on a compilation of previous work and the drone‑supported magnetic surveys.” – Gino Roger, President & CEO
Materiality Assessment: Non‑Material – Positive (provides operational progress but no immediate financial impact).
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