Midland and SOQUEM Report New Assay Results Up to 27.60% Cu and 0.88 g/t Au on the Malaco Mountain Copper-Gold-Rare Earth Element Zone in the Labrador Trough
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The November 4, 2025 press release announces new assay results from the Malaco Mountain Copper-Gold-Rare Earth Element (REE) zone in Quebec's Labrador Trough, a project in partnership with SOQUEM Inc. The results are from selective grab samples collected along two transects (10m and 13m) on a mineralized outcrop.
Key highlights include: - A sample grading 27.60% Copper (Cu), 0.88 g/t Gold (Au), 32.40 g/t Silver (Ag), and 0.07% REE. - Another sample returned 23.10% Cu and 0.18 g/t Au. - Multiple other samples reported high-grade copper ranging from 1.58% to 10.60% Cu, along with significant REE and cobalt values.
The release includes the standard cautionary statement that grab samples are selective by nature and may not be representative of the overall mineralized zone.
This news is materially positive as it provides crucial follow-up and confirmation of the spectacular high-grade discovery first announced on September 30, 2025.
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De-risking the Discovery: The initial discovery, which reported a grab sample of up to 31.60% Cu and 6.92 g/t Au, was exceptional but could have been a single, isolated high-grade boulder. This new release, with multiple high-grade samples taken across two short transects, demonstrates that high-grade copper mineralization is present across the surface outcrop. This significantly reduces the "one-hit wonder" risk and makes Malaco Mountain a much more compelling and credible exploration target.
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Confirmation of Grade: While the top gold and copper grades are slightly lower than the single best sample from the initial discovery, they remain exceptionally high (up to 27.6% Cu). The consistent multi-percent copper grades across numerous samples confirm the tenor of the mineralization. The presence of associated gold, silver, cobalt, and REEs highlights the polymetallic nature of the system.
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Progression of Exploration: This news follows a logical and effective exploration sequence. The initial discovery (Sept 30) was followed by this more systematic surface sampling (Nov 4). This builds a strong geological case for the next, more expensive step: a maiden drill program to test the discovery at depth and along strike.
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Market Context: The market reacted very strongly to the initial discovery news in late September, with the stock running from ~$0.45 to a high of $0.59. This follow-up news should provide strong support for the share price and reinforces the market's thesis that Malaco Mountain is a potentially significant asset for Midland. It validates the recent share price appreciation and lays the groundwork for the next major catalyst, which will be drilling.
In summary, the news confirms that the Malaco Mountain discovery is not an isolated occurrence but a zone of high-grade surface mineralization. This is a material positive development that enhances the project's credibility and justifies an aggressive follow-up exploration program.
Midland Exploration is a Quebec-focused mineral exploration company operating under the "project generator" business model. This model involves acquiring prospective ground, conducting initial exploration to identify targets, and then partnering with major and mid-tier mining companies. These partners fund the more capital-intensive stages of exploration, such as large-scale drilling, in exchange for the right to earn a majority interest in the projects.
The company has a diverse portfolio of gold, base metal, and lithium projects. Due to its model, it has multiple significant projects rather than a single flagship. Key projects include: - Malaco Mountain (Cu-Au-REE): A recent, very high-grade discovery in the Labrador Trough with partner SOQUEM. It is rapidly emerging as a top-tier asset for the company. - Galinee (Lithium): Optioned to partner Rio Tinto. Located near Winsome Resources' Adina deposit, it has yielded significant drill intercepts (e.g., 1.38% Li2O over 37.86m). - Nunavik (Nickel): A strategic alliance with BHP exploring for nickel in a large, unexplored region of northern Quebec. - Patris (Gold): Optioned to Barrick Gold, located in the prolific Abitibi gold belt. - La Peltrie (Cu-Au): A joint venture with Probe Gold, featuring a large porphyry-style mineralized system.