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    Midland Exploration Makes Strategic Acquisition of Gold Property

    Investing News Network
    May. 20, 2013 10:41AM PST
    Gold Investing

    Midland Exploration Inc.(TSXV:MD) announced that they have acquired a 100 percent interest in gold property made up of twenty-nine (29) claims in two blocks located along and proximal to the prolific Cadillac Break.

    Midland Exploration Inc.(TSXV:MD) announced that they have acquired a 100 percent interest in gold property made up of  twenty-nine (29) claims in two blocks located along and proximal to the prolific Cadillac Break.

    As quoted in the press release:

    The Heva West block consists of 4 contiguous claims adjacent to the west of the Maritime-Cadillac property, currently a 50/50 joint venture between Midland and Agnico-Eagle Mines Limited (“Agnico-Eagle”). The Heva West block covers nearly 1 kilometre along the contact between Pontiac Group sediments and mafic volcanic rocks of the Piché Group and is located less than 1 kilometre south of Agnico-Eagle’s Lapa gold mine (2.1 million tonnes in proven and probable reserves at a grade of 6.0 grams per tonne of gold, for 395,000 ounces of gold), which has been in commercial production since May 2009.

    To view the whole press release, click here. 

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