MONTREAL, April 01, 2026 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership with SOQUEM Inc. (“SOQUEM”), is pleased to announce a follow-up campaign on the copper, gold, and rare earth elements (REE) zone discovered in 2025 on the Malaco Mountain project (Labrador Trough, Churchill Province, Quebec). An induced polarization (“IP”) survey totalling 15-line kilometres is planned in August 2026 and will be accompanied by a ground prospecting campaign.
Highlights:
The 2025 exploration program led to the discovery of a mineralized outcrop grading up to 31.60% Cu, 6.92 g/t Au, 32.4 g/t Ag, 1.77% REE (see press releases dated September 30, 2025 and November 4, 2025);
A follow-up exploration campaign is planned with a 15-line km IP survey.
A pole-dipole survey totalling 15-line kilometres is planned to cover the mineralized outcrop discovered in 2025, the sedimentary mudstone unit, and the fold axis. This geophysical program, accompanied by a prospecting program, is designed to cover the east part of the property and generate exploration and drilling targets based on geophysical, geological, and geochemical criteria.
In June 2025, during a reconnaissance campaign in the Labrador Trough, three samples collected from an outcrop graded up to 31.60% Cu, 6.92 g/t Au, 0.57% REE (see press release dated September 30, 2025). Two transects of 10 and 13 metres in length were sampled at 1-metre intervals. Twenty-five (25) grab samples were collected, eighteen (18) of which yielded grades above 0.1% Cu and ten (10) were above 1% Cu, reaching up to 27.6% Cu (see press release dated November 4, 2025). Gold grades between 61 and 877 ppb Au were obtained, as well as values locally reaching 32.4 g/t Ag and 1.77% REE (La, Ce).
Mineralization occurs as stratiform horizons with chalcopyrite, pyrite, malachite, azurite, and digenite disseminated parallel to bedding in a mudstone, as well as massive discordant veins associated with fractures and breccia zones cross-cutting stratigraphy. The mineralization is associated with silica, albite, and carbonate alteration. Petrophysical testing conducted on massive sulphide and disseminated chalcopyrite samples revealed strong electrical contrasts, justifying the use of induced polarization.
Cautionary Statements
Grab samples are selective by nature and may not be representative of mineralized zones. Mineralization occurring at deposits and showings mentioned in this press release is not necessarily indicative of mineralization that may be found on projects held by Midland and mentioned in this press release.
About the Strategic Alliance with SOQUEM
The Strategic Alliance enables Midland and SOQUEM to combine their efforts and expertise to jointly explore the excellent potential for gold and strategic minerals of the vast and underexplored Labrador Trough. The area of interest defined under the Alliance is located in Nunavik. Geologically, it covers the Labrador Trough, the Rachel-Laporte Zone, and the Kuujjuaq Domain. The area of interest extends from Schefferville in the south up to approximately 100 km northwest of Kangirsuk. Executed in November 2021, the initial agreement called for investments in exploration reaching up to $4 million over a period of four (4) years, in addition to investments on the Nachicapau project.
In 2026, the parties have confirmed the continuation of the Alliance with a joint annual exploration budget of $1 million (50% Midland and 50% SOQUEM) on the Malaco Mountain and Nachicapau projects.