01:58 PM EDT, 08/19/2025 (MT Newswires) -- Midland Exploration ( MIDLF ) on Tuesday said an exploration program is under way to follow up on the 2024 copper-gold-molybdenum-silver (Cu-Au-Mo-Ag) occurrences identified on its Saruman project, located in Quebec's Eeyou Istchee James Bay region.

Under its 2024 highlights, the company mentioned "strong" copper anomalies particularly concentrated within an area of 5 by 3 kilometers, defined in a high-density lake-bottom sediment survey published in 2023 by the Ministere des Ressources Naturelles et des Forets du Quebec. It said a day of reconnaissance work by its teams in the summer of 2024 resulted in anomalous Cu-Au-Mo-Ag values on outcrop, returning grades of 0.32% Cu, 0.35 grams per tonne (g/t) Au, 0.39% Mo, and 13.8 g/t Ag.

The company said these occurrences consist of disseminated, veinlet and fracture-filling chalcopyrite, pyrite and molybdenite, and are observed in tonalites. Only two outcropping areas exposed over a few hundred meters in diameter, have been prospected by Midland to date.

Midland said the project is located in a relatively unexplored area, where the geological context remains poorly defined.

"Mineralization observed on outcrops appears insufficient to explain the scope of copper anomalies in lake-bottom sediments, which thus remain unexplained," the company said in a statement.

Shares of the company were last seen up $0.005 to $0.35 on the TSX Venture Exchange.

Price: 0.35, Change: +0.01, Percent Change: +1.45