Midland begins airborne electromagnetic survey in Nunavik, Quebec

Midland Exploration announced the start of an important copper-nickel exploration program in Nunavik, following exploration work from 2020 to 2024, during which new Cu-Ni-Co mineralized showings were discovered. This new program will be carried out within the framework of the strategic alliance, signed in August 2020 between Midland’s wholly owned subsidiary, Midland Base Metals, and Rio Algom, a wholly owned subsidiary of BHP Group (BHP). The 2025 exploration program will focus on a new major crustal-scale structure and its subsidiary faults, which were identified during the regional magnetotelluric survey and the Z-Tipper axis airborne electromagnetic survey, conducted in 2022-2023. These structures, previously poorly recognized, are considered favorable for copper-nickel mineralization. The 2025 program will consist of an airborne HeliTEM time-domain electromagnetic survey. Highlights: The regional MT survey completed in 2022 identified a new major crustal-scale structure in a poorly explored area, which is considered favorable for copper-nickel mineralization. Several lake-bottom copper-nickel anomalies detected following a 1,383-sample survey conducted in July 2023. A helicopter-borne Z-Tipper electromagnetic survey totaling approximately 8,900 linear kilometers conducted in July 2023 identified several new conductive features. New Cu-Ni-Co mineralized intrusions discovered through prospecting in 2024. Regional airborne time-domain electromagnetic survey totaling approximately 6,600 linear kilometers, to be completed in June 2025.