pediatrix(US:MD) Globenewswire·2025-11-04 12:30Core Insights - Midland Exploration Inc. and SOQUEM Inc. announced new assay results from the Malaco Mountain project, confirming the area's potential for copper, gold, and rare earth elements (REE) [3][4][12] - The exploration campaign in September 2025 involved rock sampling that yielded significant grades of copper and gold, indicating strong mineralization [4][7][9] Summary by Category Exploration Results - In June 2025, three rock samples from the Malaco Mountain project showed high grades: 31.60% Cu, 6.92 g/t Au, and 0.16% REE; 12.30% Cu, 0.36 g/t Au, and 0.57% REE; and 0.65% Cu, 0.05 g/t Au, and 0.39% REE [4][9] - A follow-up sampling campaign in September 2025 included two transects of 10 and 13 meters, collecting 25 grab samples, with the best results showing up to 27.60% Cu and 0.88 g/t Au [5][7] Mineralization Characteristics - A total of 18 samples yielded grades above 0.1% Cu, with 10 samples exceeding 1% Cu, and gold grades ranging from 61 to 877 ppb Au [9] - The mineralization is characterized by chalcopyrite and malachite in altered siltstones and mudstones, with veining observed [9] Strategic Alliance - The Strategic Alliance between Midland and SOQUEM aims to explore the Labrador Trough, with a commitment of up to $5 million over four years, including $2 million in the first two years [12] - The joint annual budget for exploration in 2025 was set at $1 million, shared equally between Midland and SOQUEM [12] Quality Control - Rock samples are analyzed at Actlabs in Ontario, employing industry-standard quality assurance and control practices [10]