Midex discovers hundreds of spodumene grains at Crescent and Allison Lake Projects

MIDEX RESOURCES LTD.  is pleased to announce that numerous samples at the Company's 100% owned Crescent Lake and Allison Lake projects returned significant spodumene-in-till counts ranging up to approximately 800 grains per sample. The overall program consisted of 30 surface pit till samples collected during orientation survey work at the Crescent Lake and Allison Lake lithium projects. As shown in the table below, two samples were taken directly down-ice of known spodumene-bearing pegmatites (Chappais and L61W spodumene occurrences) at Crescent Lake, with a samples returning very high spodumene counts distal from any known spodumene-bearing pegmatites at Crescent Lake.  Up to 100 spodumene grains per sample were recovered from the Allison Lake program. Background spodumene-in-till grain counts are estimated at 0-2 grains per nominal 10 kg sample.

Highlights of the Fall 2023 till sampling program at Crescent Lake include:

• 800 spodumene grains recovered from a single sample at Crescent Lake on-trend but distal from known pegmatites.
• A duplicate sample taken for QA/QC adjacent to the 800 grain sample returned 120 spodumene grains.
• 68 total spodumene grains recovered from three samples indicate a second spodumene mineralized pegmatite trend is likely present in volcanic rocks northwest of the Seymour-Crescent trend.
• 16 spodumene grains recovered in the footwall area of the KM61 molybdenum-copper deposit.

Highlights of the Fall 2023 till sampling program at Allison Lake include:

• 168 total spodumene grains recovered across the Allison Lake Lake property.
• 150 spodumene grains recovered from two till samples on the southwestern portion of the property indicates spodumene-bearing pegmatites in close proximity.
• Spodumene counts generally increase strongly from east to west on the Allison Lake property.
• A westerly fractionation trend for a fertile pegmatite system is given additional confirmation by these results and is now shown to extend at least 5 km west of the Allison Lake batholith margin.
• High spodumene counts indicate a 2 km x 2 km area for detailed prospecting and geochemical exploration suited to "see through" glacial cover. 

David Jamieson, President and CEO, of Midex stated:

"The results of our early till sampling work has exceeded our expectations. Recovery of spodumene in medium density concentrates ultimately targets spodumene-rich LCT systems. With only 30 samples taken and processed, we are closing in on a new spodumene discovery at Allison Lake and have located several highly prospective new areas to focus on at Crescent Lake. Additional work on the various till fractions and indicator minerals is expected to provide further guidance toward locating new LCT pegmatite mineralizing systems. We estimate that background spodumene-in-till counts are approximately 0-2 grains, therefore double and triple-digit spodumene counts are extremely significant."

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