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%
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.)

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