Midland Launches First-Ever Drill Program on Reinterpreted Jouvex Gold Target in Abitibi

An announcement from Midland Exploration ( (TSE:MD) ) is now available.

Midland Exploration has begun a 1,600-metre helicopter-supported diamond drilling program on its wholly owned Jouvex gold property in the Abitibi region, about 10 kilometres northwest of the Douay gold deposit. The campaign will test five targets defined by recent drone-supported magnetic and induced polarization surveys in an area that has never been drill-tested and lies near a major structure associated with the Casa-Berardi deformation zone, a key metallotect in the belt. Midland has redefined the geology in the southern part of Jouvex, identifying previously unmapped felsic tuffs and volcanic rocks between sedimentary and mafic volcanic units, pointing to potential for both gold and VMS mineralization. The new program underscores Midland’s strategic shift to focus current exploration on this southern sector, where structural complexity and magnetic fabric interference suggest favourable conditions for mineralized syenitic intrusions similar to those at Douay, offering potential value creation for shareholders if significant discoveries are made.

The most recent analyst rating on (TSE:MD) stock is a Hold with a C$0.48 price target. To see the full list of analyst forecasts on Midland Exploration stock, see the TSE:MD Stock Forecast page.

Spark’s Take on TSE:MD Stock

According to Spark, TipRanks’ AI Analyst, TSE:MD is a Neutral.

Midland Exploration’s overall stock score is primarily impacted by its poor financial performance, characterized by significant losses and liquidity issues. Technical analysis provides some stability, but bearish momentum is a concern. The valuation is unattractive due to a negative P/E ratio and lack of dividend yield.

To see Spark’s full report on TSE:MD stock, click here.

More about Midland Exploration

Midland Exploration Inc. is a Quebec-focused mineral exploration company dedicated to discovering new world-class deposits of gold and critical metals. The company advances its portfolio primarily through exploration partnerships with major and mid-tier mining groups, including Rio Tinto, BHP, Centerra Gold, Agnico Eagle, Wallbridge Mining, Probe Gold, Electric Elements Mining, SOQUEM, Nunavik Mineral Exploration Fund, and Abcourt Mines, and continues to seek additional agreements on newly acquired properties.

Average Trading Volume: 55,491

Technical Sentiment Signal: Buy

Current Market Cap: C$52.65M

See more insights into MD stock on TipRanks’ Stock Analysis page.