Both projects are currently under separate options with Midland.
Samson Project (Ni-Cu-PGE and gold)
The Samson project consists of 512 claims covering a surface area of about 284 km2 about 50 km west of the town of Matagami, in the Abitibi region of central Québec. This new project has strong potential for Ni-Cu-PGE and gold and is located about 5 km south of the recent Ni-Cu-PGE and gold discoveries made by Balmoral Resources Ltd. ("Balmoral") on the Grasset project. Recently, Balmoral announced the discovery of a high-grade Ni-Cu-PGE zone, with values up to 1.79% Ni, 0.19% Cu, 0.42 g/t Pt, and 1.04 g/t Pd over 45.28 m including an interval grading 10.6% Ni, 0.45% Cu, 2.04 g/t Pt, and 5.23 g/t Pd over 1.10 m and 1.62% Ni, 0.18% Cu, 0.36 g/t Pt and 0.88 g/t Pd over 54.08 m (see press releases by Balmoral dated May 20, 2014 and August 18, 2014).
This project covers, over a strike length of more than 20 km, a series of strongly magnetic sills located just south of the regional Lower Detour Fault, also known for its gold potential. Lithogeochemical data from historical drill holes indicate the presence of ultramafic sills, thus confirming the potential for magmatic Ni-Cu-PGE mineralization on the Samson project.
Over the next few weeks, a major ground-based geophysical program totaling about 50 km and including both magnetic and electromagnetic surveys will be launched in an effort to characterize a series of untested MegaTEM conductors coincident with strong magnetic responses. About a dozen high-priority MegaTEM targets were selected for this ground follow-up in light of their association with strongly magnetic units interpreted as ultramafic rocks. The objective is to define high-priority drill targets for the first drilling campaign that will follow this geophysical program.
Valmond Project (Gold)
The Valmond project comprises 111 claims covering a surface area of about 62 km2 and is located about 50 km west of the town of Matagami, in the Abitibi region of central Québec. It covers a segment of more than 15 km along the important gold-bearing Bapst fault, The project hosts several historical occurrences along the Bapst fault with drill intercepts grading 2.3 g/t Au over 4.57 m and 5.22 g/t Au over 1.55 m.
Following a helicopter-borne VTEM survey carried out on the Valmond project in 2013, a new area of interest with significant structural complexity was identified proximal to the regional Bapst gold-bearing fault. This area is characterized by the presence of several untested VTEM conductors associated with a complex network of subsidiary faults. A few historical drill holes collared to the south intersected anomalous gold and arsenic values as well as quartz-carbonate-tourmaline and sericite alteration zones.
The upcoming drill program, totalling 300 m, will consist of two (2) drill holes of 150 m each and will begin around mid-October. Midland is the project operator.
