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Midland, Altius ink MOU to jointly explore Canada's James Bay region

Midland Exploration Inc. said May 31 that it executed a memorandum of understanding with Altius Minerals Corp. unit Altius Resources Inc. to jointly explore the gold potential of the James Bay region in Canada.

This comes after both companies combined their expertise and databases to generate new gold exploration targets in the region.

The first four exploration projects, totaling 266 claims, have been selected. These four projects host significant anomalies in gold and gold pathfinder elements in samples of lake sediment, till and/or rocks from a combination of government and archived historical industry work.

Midland will act as the project manager, and a joint budget of C$500,000 has been allocated for the first work program involving reconnaissance mapping, prospecting and till sampling, which will begin in late June.