MONTREAL, May 28, 2026 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD) has announced the preliminary interpretation of results from an induced polarization (IP) geophysical survey completed on its wholly owned Caniapisc Au project in the Eeyou Istchee James Bay and Caniapiscau regions. The project comprises 315 exclusive exploration rights covering 159 square kilometres.
Key Highlights from the Survey
The 2025 exploration programs successfully identified several gold-bearing boulders, with a maximum value of 24.5 g/t Au from a selected boulder grab sample (see press release dated October 28, 2025). A 23.7 line-kilometre ground IP geophysical survey was completed over part of the southern project area, where numerous mineralized boulders were previously identified. The survey revealed several unexplained chargeability anomalies within and along the border of a lake, located south and southwest of gold-bearing glacially transported boulders.
Survey Details
The pole-dipole IP survey, conducted in winter 2026, covered the lake north of gold-in-till anomalies (see press release dated May 20, 2025) and extended northward to cover gold-bearing boulders identified in 2025. The survey area spans approximately 4.5 kilometres by 1.2 kilometres, with east-west lines perpendicular to the magnetic grain, spaced 200 metres apart and with 37.5-metre spacing (n=1 to 20) along the lines.
Anomalies and Targets
Several IP chargeability anomalies were identified in the southwestern part of the survey. These anomalies remain unexplained due to the lack of outcrops, but multiple glacially transported Au-bearing boulders were found south and southwest of these anomalies in 2024-2025. This suggests the boulders may originate from the up-ice IP anomalies. Additionally, Au anomalies in B-horizon soils are located near these strong IP anomalies, collectively indicating potential exploration targets for gold.
Other strong to moderate IP chargeability anomalies were also found further east and remain unexplained. Several Au-bearing boulders have been uncovered near these anomalies in 2024 and 2025. The IP anomaly data will be further evaluated using geological and structural interpretation, currently in progress, and the 2025 airborne magnetic and electromagnetic survey (100-metre line spacing). The airborne survey also identified electromagnetic anomalies to be followed up during the summer program.
