Midland Launches New Drilling Program on Jouvex Gold Project Near Douay Deposit

The latest update is out from Midland Exploration ( (TSE:MD) ).

Midland Exploration has launched 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, comprising five drill holes, will test previously undrilled magnetic and induced polarization anomalies interpreted to be associated with major structures, including a possible extension of the Casa-Berardi deformation zone, in an area that has shown favourable alteration and felsic rocks for gold mineralization in historical drilling. Following a detailed reassessment of Jouvex, Midland has shifted its exploration focus to the southern sector of the property, where reinterpretation of historical data and new drone-supported magnetic surveys have outlined felsic tuffs and volcanic rocks not recorded in government databases, suggesting additional potential for both gold and VMS-style mineralization near key structural contacts, which could enhance the project’s strategic importance within the Abitibi gold belt.

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 targeting the discovery of world-class deposits of gold and critical metals. It operates primarily through partnerships with major and mid-tier mining companies, including Rio Tinto Exploration Canada, BHP Canada, Centerra Gold, Agnico Eagle Mines, Wallbridge Mining, Probe Gold, Electric Elements Mining, SOQUEM, Nunavik Mineral Exploration Fund and Abcourt Mines, and is actively seeking additional agreements to expand its project portfolio.

Average Trading Volume: 55,491

Technical Sentiment Signal: Buy

Current Market Cap: C$52.65M

For an in-depth examination of MD stock, go to TipRanks’ Overview page.