Midland Commences Drilling on Its Jouvex Gold Project Northwest of the Douay Deposit in Abitibi

The most recent news (January 15, 2026) announces the commencement of a 1,600-meter diamond drilling program on the wholly-owned Jouvex gold property in Abitibi, Quebec. This program consists of five holes targeting a new area identified by geophysical surveys, looking for gold-bearing syenite similar to the nearby Douay deposit. This follows a high-impact release on January 8, 2026, where Midland and partner Rio Tinto Exploration Canada (RTEC) reported significant lithium and cesium intercepts at the Galinée project, including 1.14% Li2O over 30.6 meters. Notably, RTEC paid the remaining $487,500 in option payments but returned nine other projects to Midland, narrowing their focus to the Galinée discovery.

The January 15th news is a routine exploration update, but it signifies the company’s ability to maintain active internal programs alongside major joint ventures. However, the cumulative impact of the news over the last 60 days is material and positive. - The Jan 8th Galinée results confirm a significant spodumene pegmatite discovery within 5km of Winsome Resources’ Adina deposit. RTEC’s decision to pay the remaining option cash while returning secondary projects suggests they see Galinée as a "keeper," and Midland now regains 100% control of the returned lithium assets to find new partners. - The definitive agreement with Barrick Gold (Nov 2025) for the Lewis property provides a $12.1 million exploration path, further de-risking Midland's balance sheet. - The entry of Centerra Gold as a 9.9% strategic investor in July 2025, followed by their participation in the December 2025 financing, provides a "seal of approval" from a mid-tier producer.

Midland Exploration is a "project generator" focused on Quebec. Their model involves staking large land packages and bringing in major partners to fund expensive drilling. - Flagship Project: Currently the Galinée Lithium Project (Partnered with Rio Tinto). It is located in the James Bay region and has identified multiple spodumene-bearing pegmatites. - Secondary Focus: Gold exploration in the Abitibi (Jouvex, Lewis) and the Labrador Trough (with SOQUEM).