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.
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