Midland Discovers New Gold Zone At Samson Project In Fenelon Gold Camp

Midland Exploration (TSXV: MD) this morning announced that it has discovered a new gold bearing zone at its wholly owned Samson project, located southeast of the Fenelon and Tabasco deposits held by Wallbridge. Found at a depth of 106.45 metres, the company intersected 99.1 g/t gold, 71/3 g/t silver and 0.17% lead over 0.40 metres. with the new zone referred to as Golden Delilah.

The discovery was made by the company following a diamond drill campaign that consisted of five drill holes that totaled out to 1,287 metres of drilling. While designed to test induced polarization, the company managed to hit gold, with 13 visible gold grains 1-2 mm in diameter were found over 40 centimeters. The rest of mineralization contained gold values between 1.57 g/t and 2.23 g/t.

The vein was hit a second time with a second drill hole, intersecting 2.21 g/t gold over 0.45 metres at a depth of 120.7 meters as well. The vein is currently being viewed as a potential subsidiary of the lower detour fault.

Further drilling is expected to occur shortly, with 2,000 metres currently planned over the course of seven holes. One hole will test above the new mineralization found, while two will focus on the lateral extensions of the golden delilah zone along a 50 metre step out and the remainder will focus on IP anomalies.

Midland Exploration last traded at $1.08 on the TSX Venture.

Information for this briefing was found via Sedar and Midland Exploration. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

What Happens If Silver Finally Breaks $50? | Gary Thompson – Silver47

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Augusta Gold Begins 110,000 Metre Drill Program In Nevada

Augusta Gold (CSE: G) has commenced drilling under its previously announced 110,000 metre exploration program...

Thursday, February 11, 2021, 08:43:12 AM

Falcon Gold Intersects 10.17 g/t Gold Over 3 Meters At Central Canada Project

Falcon Gold Corp (TSXV: FG) this morning released its first assay results from drilling at...

Tuesday, June 2, 2020, 09:05:08 AM

Gold Demand Hits Record Q3 Value as Price Surges

Total gold demand reached unprecedented levels in the third quarter of 2024, surpassing US$100 billion...

Monday, November 4, 2024, 03:01:00 PM

Exploits Discovery Receives Permits For True Grit Drill Program

Exploits Discovery (CSE: NFLD) has received full permitting for its True Grit Gold Project. The...

Wednesday, March 10, 2021, 08:29:03 AM

The Deep Dive Compiles Company Profile On Newlox Gold Ventures

Newlox Gold Ventures (CSE: LUX) is a unique gold name within the Canadian small cap space....

Saturday, January 23, 2021, 11:37:00 AM