Mining

Midland resumes drilling on Maritime-Cadillac

The Maritime-Cadillac project is contiguous to the south of Agnico Eagle’s Lapa gold mine (pictured). Image courtesy of Agnico Eagle Mines Ltd.

Midland Exploration (TSXV: MD) announced on Thursday it has finally resumed drilling on the Maritime-Cadillac gold project in Quebec. The drill program was initially planned in March but had to be suspended due to mandatory confinement measures related to the covid-19 pandemic.

The Maritime-Cadillac property — located midway between the cities of Rouyn-Noranda and Val-d’Or, in the Abitibi region, and along the Cadillac Break — is a joint venture between Canadian gold major Agnico Eagle Mines (51%) and Midland (49%).

The property is contiguous to Agnico’s Lapa gold mine, with a new exploration drift up to the property boundary.

This new drilling program will include a drill hole totalling 850 metres in length, designed to test the down-plunge extension of the Dyke East zone at a vertical depth of 600 metres.

Another hole, totalling 400 metres in length, will be drilled to test two parallel gold-bearing zones (the South and North zones), previously intersected in a drill hole south of the Maritime-Cadillac zone in a historically underexplored area.

A second phase of drilling totalling 400 metres has been planned contingent on the results of the first phase.

Shares of Midland Exploration rose 3.0% by 1 p.m. EDT on news of drilling resumption. The Quebec-focused miner has a market capitalization of approximately C$71 million.

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