Midland resumes drilling on Maritime-Cadillac

Midland Exploration (TSXV: MD) announced on Thursday it has resumed drilling on the Maritime-Cadillac gold project in Quebec. The drill program was initially planned in March but was 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% by 1 p.m. EDT on news of drilling resumption. The Quebec-focused miner has a market capitalization of approximately C$71 million.
More News
Barrick eyes 30% production growth by 2030
The company is also considering changing its name from Barrick Gold to Barrick Mining to reflect its changing production profile, chairman John Thornton said.
April 04, 2025 | 03:26 pm
Trump, tariffs and tin
Only one metal has escaped the tariff tsunami.
April 04, 2025 | 01:44 pm
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments