Northwire Canada EditionSunday, September 27, 2026
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GOLD 4321.20 +0.5% SILVER 64.80 +1.2% COPPER 6.77 −0.3% OIL 92.41 −2.3% PALLADIUM 1276.00 −0.5% SMP 0.055 +0.0% NVX 1.10 +12.2% AORO 0.015 +0.0% HAWK 0.025 +25.0% LOD 0.400 +0.0% SBMI 0.135 +3.9% PA 0.160 +3.2% BARU 0.060 +9.1% MKA 0.800 +8.1% GCN 0.030 +0.0% IAU 2.48 +1.6% CS 14.54 −0.2% LGO 0.750 −22.7% REVX 1.99 +19.2% OMI 0.320 +12.3% VLD 0.430 +0.0% GOLD 4321.20 +0.5% SILVER 64.80 +1.2% COPPER 6.77 −0.3% OIL 92.41 −2.3% PALLADIUM 1276.00 −0.5% SMP 0.055 +0.0% NVX 1.10 +12.2% AORO 0.015 +0.0% HAWK 0.025 +25.0% LOD 0.400 +0.0% SBMI 0.135 +3.9% PA 0.160 +3.2% BARU 0.060 +9.1% MKA 0.800 +8.1% GCN 0.030 +0.0% IAU 2.48 +1.6% CS 14.54 −0.2% LGO 0.750 −22.7% REVX 1.99 +19.2% OMI 0.320 +12.3% VLD 0.430 +0.0%
Other

Midland Exploration finds mineralized zone in trough

MD · Price

Executive Summary

  • Midland Exploration Inc. and Soquem Inc. announced the discovery of a high‑grade copper‑gold‑rare‑earth element (REE) zone in the Labrador Trough, with grab sample assays up to 31.60 % Cu, 6.92 g/t Au and 0.16 % REE.
  • The discovery triggered the acquisition of 36 exclusive exploration rights (EER) covering 17.4 km², now designated “Malaco Mountain,” expanding the alliance’s target area by ~70 km south of the Nachicapau project.
  • Additional follow‑up work conducted in September 2025 is pending; historic drilling from 1962 suggests mineralization may extend at depth.

Key Details

  • Sample Assays (grab samples on outcrop):
  • Sample 1 – 31.60 % Cu, 6.92 g/t Au, 0.16 % REE, up to 0.20 % Co, 37.30 g/t Ag.
  • Sample 2 – 12.30 % Cu, 0.36 g/t Au, 0.57 % REE.
  • Sample 3 – 0.65 % Cu, 0.05 g/t Au, 0.39 % REE.

  • Associated commodities: cobalt up to 0.20 % and silver up to 37.30 g/t in the same samples.

  • Exploration rights acquired: 36 EER covering 17.4 km² (block named “Malaco Mountain”).

  • Geological setting:

  • Mineralization hosted in cherty siltstones and mudstones; disseminated chalcopyrite and malachite parallel to bedding, associated with fractures, breccias, shearing.
  • Veining includes massive pyrite, chalcopyrite, malachite, azurite, digenite.

  • Historical context: Shallow drilling from 1962 (GM13648; MRNQ) intersected significant chalcopyrite; no assay data released but indicates potential depth extension.

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

  • Quality control: Samples analyzed by Actlabs (ICP‑MS, fire assay); QA/QC program includes standards and blanks every 20 samples.

  • Cautionary statement: Grab samples are selective and may not represent the broader zone; mineralization on other Midland projects is not implied.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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