10:21 AM EDT, 10/07/2025 (MT Newswires) -- Midland Exploration ( MIDLF ) Tuesday announced the execution of an induced polarization (IP) survey on its Jouvex gold property, wholly owned by Midland and located approximately 10 kilometres northwest of the Douay deposit.

A statement noted that fieldwork on the Jouvex property resumed in 2024-2025 with the execution of two drone-supported magnetic surveys. The surveys were conducted in the south part of the property, on a new potentially auriferous target.

The company said that this area will also be the focus of an induced polarization survey totalling 30 lines kilometers in the fall of 2025. It said that line cutting had begun, and that the survey is expected to take place in October 2025.

A statement further noted that the survey is designed to refine drilling targets that were previously defined based on a compilation of previous work and the drone-supported magnetic surveys. The targets are located near a major structure that runs just north of the Douay gold deposit, where indicated and inferred resources are estimated at 3.038 million ounces of gold.

The company said that following a recent reassessment by Midland of the potential on the Jouvex property, the south part of the project is now the main area of interest for upcoming exploration work.

It also said that in the winter of 2026 it is planning a diamond drilling campaign on the IP grid covered in the fall of 2025.

Midland said that the helicopter-supported winter campaign totalling at least 1,500 meters of diamond drilling is planned in the vicinity of the potential gold-bearing syenite similar to Douay. It added that permit applications have been submitted, and that processing is underway.

The company's shares were last seen up 2% to $0.51 on the TSX Venture Exchange.

Price: 0.51, Change: +0.01, Percent Change: +2.00