Latest news with #MidnightSunMiningCorp
Associated Press
21-05-2025
- Business
- Associated Press
Midnight Sun Announces Exploration Progress at Solwezi
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ('Midnight Sun' or the 'Company') presents a progress update regarding the previously announced 2025 phase one exploration campaign. Work is underway on all three key targets and is expected to continue across several phases throughout the work season to rapidly advance the Company's Solwezi Project in Zambia. Update summaries provided for each target, with detailed description provided below: Dumbwa: Dipole-Dipole Induced Polarization ('IP') Survey is ~30% complete. Kazhiba: Diamond drill contractor engaged, drill pads currently being cleared and prepared. Drilling at the Kazhiba Target 2 sulphide target is expected to begin May 26 th. Mitu: Partial Ionic Leach Survey is ~46% complete. Midnight Sun's President & CEO, Al Fabbro, states: 'We recently announced the commencement of our exploration program, designed and led by our Chief Operating Officer, Dr. Kevin Bonel. This campaign aims to advance all three of our key target areas from conceptual or early-stage discovery to well-defined assets worthy of significant development investment—within just a few months. 'We believe these targets have the potential to evolve into world-class copper discoveries. Dr. Bonel's approach is disciplined, methodical, and proven — the same strategy he successfully applied at Barrick's Lumwana Mine, transforming it from a Tier 2 asset into Zambia's latest Tier 1 copper project i. 'This marks the first time our targets are being explored with such a rigorous and comprehensive methodology. We are confident in the potential of our assets, and with this program underway we are firmly positioned to demonstrate our commitment to unlocking significant value and delivering transformative discoveries.' Dumbwa Program Progress Following comprehensive geological mapping and site preparation over the 20-kilometre strike length of the Dumbwa copper-in-soil anomaly, 24 of the 34 planned geophysical lines have been cleared, mapped, and prepared for surveying. Dipole-dipole IP has been completed on ten lines. This survey is designed to generate a detailed subsurface profile, including dip direction, depth of the targeted geology, and the relationship between surface geochemical anomalies and potential sulphide copper mineralization at depth. The data generated from the IP survey will guide highly targeted drilling with the program expected to commence shortly after IP results are received. Kazhiba Program Progress Site access and drill pad preparation are completed at Kazhiba in advance of the sulphide drill program. Baba Drilling and Exploration Co. has been contracted to carry out diamond drilling on the 'Kazhiba Target 2" sulphide copper target. Drilling is expected to start on or around May 26 th. Six to eight diamond drill holes totalling approximately 1,000 metres are planned on the recently identified ~four-kilometre by two-kilometre Kazhiba sulphide copper target. This target is characterized by a significantly elevated copper signature in Partial Ionic Leach testing, a strong VTEM geophysical anomaly, and high chargeability/low resistivity responses from IP geophysics. The target also coincides with a subtle traditional geochemical response, and is situated in geology consistent with most deposits within the Zambian Copperbelt. The Company believes that the correlation of key characteristics may represent the potential sulphide source of the transported oxide material discovered on the Kazhiba License and is a strong target for the discovery of a copper mineralised stratigraphic unit. The Company's planned reverse circulation ('RC') drill program on the Kazhiba oxide copper targets is scheduled to begin following the completion of the current Partial Ionic Leach sampling program at Mitu The oxide drill plan includes approximately 4,000 metres of shallow RC drilling on near-surface oxide copper targets. This includes 20-25 holes targeting the north-northeast extension of the previously delineated high-grade transported oxide copper blanket, as well as approximately 125 holes testing the three new targets identified by previously completed Partial Ionic Leach sampling. Mitu Program Progress At Mitu, an extensive Partial Ionic Leach sampling program is underway to test the entire Mitu Trend along the western flank of the Solwezi Dome. The Company plans to collect approximately 1,800 samples at Mitu for Partial Ionic Leach analysis. The sampling program is progressing quickly, with ~46% of the sampling completed to-date. Sampling is expected to conclude in two weeks' time. The results of this program will drive a follow up IP survey to identify potential mineralized zones and prioritize targets for drilling. Previous work in the Mitu area identified a stratigraphic sulphide unit with drill results including 11.6 metres of 3.44% copper and 11.5 metres of 1.41% copper. Follow up targeting of this sulphide mineralization is planned using phased methodology of Partial Ionic Leach soil sampling, followed by dipole-dipole IP survey, and diamond drilling. Given that Mitu has similar regolith to Kazhiba, which is generally unresponsive to traditional geochemical analysis, and given the positive results generated using Partial Ionic Leach sampling at Kazhiba, this technology is expected to more effectively identify and track further copper targets along the Mitu trend for the follow up described above. Qualified Person: Darin Labrenz, a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release. About Midnight Sun Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by world-class producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun's goal is to find and develop Zambia's next generational copper deposit. ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP. Al Fabbro President & CEO For Further Information, Contact: Adrian O'Brien Director of Marketing and Communications Tel: +1 604 809 6890 Em: [email protected] NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. This news release contains 'forward-looking statements' within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be 'forward-looking statements.' Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as 'anticipates', 'plans', 'scheduled', 'believed' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; the availability of contractors; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. i Barrick Gold Corp. News. May, 7, 2025. Barrick Reports Solid Q1 Results and Progress on Strategic Growth Objectives. Available To view the source version of this press release, please visit
Yahoo
21-05-2025
- Business
- Yahoo
Midnight Sun Announces Exploration Progress at Solwezi
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ("Midnight Sun" or the "Company") presents a progress update regarding the previously announced 2025 phase one exploration campaign. Work is underway on all three key targets and is expected to continue across several phases throughout the work season to rapidly advance the Company's Solwezi Project in Zambia. Update summaries provided for each target, with detailed description provided below: Dumbwa: Dipole-Dipole Induced Polarization ("IP") Survey is ~30% complete. Kazhiba: Diamond drill contractor engaged, drill pads currently being cleared and prepared. Drilling at the Kazhiba Target 2 sulphide target is expected to begin May 26th. Mitu: Partial Ionic Leach Survey is ~46% complete. Midnight Sun's President & CEO, Al Fabbro, states: "We recently announced the commencement of our exploration program, designed and led by our Chief Operating Officer, Dr. Kevin Bonel. This campaign aims to advance all three of our key target areas from conceptual or early-stage discovery to well-defined assets worthy of significant development investment—within just a few months. "We believe these targets have the potential to evolve into world-class copper discoveries. Dr. Bonel's approach is disciplined, methodical, and proven — the same strategy he successfully applied at Barrick's Lumwana Mine, transforming it from a Tier 2 asset into Zambia's latest Tier 1 copper projecti. "This marks the first time our targets are being explored with such a rigorous and comprehensive methodology. We are confident in the potential of our assets, and with this program underway we are firmly positioned to demonstrate our commitment to unlocking significant value and delivering transformative discoveries." Dumbwa Program Progress Following comprehensive geological mapping and site preparation over the 20-kilometre strike length of the Dumbwa copper-in-soil anomaly, 24 of the 34 planned geophysical lines have been cleared, mapped, and prepared for surveying. Dipole-dipole IP has been completed on ten lines. This survey is designed to generate a detailed subsurface profile, including dip direction, depth of the targeted geology, and the relationship between surface geochemical anomalies and potential sulphide copper mineralization at depth. The data generated from the IP survey will guide highly targeted drilling with the program expected to commence shortly after IP results are received. Kazhiba Program Progress Site access and drill pad preparation are completed at Kazhiba in advance of the sulphide drill program. Baba Drilling and Exploration Co. has been contracted to carry out diamond drilling on the "Kazhiba Target 2" sulphide copper target. Drilling is expected to start on or around May 26th. Six to eight diamond drill holes totalling approximately 1,000 metres are planned on the recently identified ~four-kilometre by two-kilometre Kazhiba sulphide copper target. This target is characterized by a significantly elevated copper signature in Partial Ionic Leach testing, a strong VTEM geophysical anomaly, and high chargeability/low resistivity responses from IP geophysics. The target also coincides with a subtle traditional geochemical response, and is situated in geology consistent with most deposits within the Zambian Copperbelt. The Company believes that the correlation of key characteristics may represent the potential sulphide source of the transported oxide material discovered on the Kazhiba License and is a strong target for the discovery of a copper mineralised stratigraphic unit. The Company's planned reverse circulation ("RC") drill program on the Kazhiba oxide copper targets is scheduled to begin following the completion of the current Partial Ionic Leach sampling program at Mitu The oxide drill plan includes approximately 4,000 metres of shallow RC drilling on near-surface oxide copper targets. This includes 20-25 holes targeting the north-northeast extension of the previously delineated high-grade transported oxide copper blanket, as well as approximately 125 holes testing the three new targets identified by previously completed Partial Ionic Leach sampling. Mitu Program Progress At Mitu, an extensive Partial Ionic Leach sampling program is underway to test the entire Mitu Trend along the western flank of the Solwezi Dome. The Company plans to collect approximately 1,800 samples at Mitu for Partial Ionic Leach analysis. The sampling program is progressing quickly, with ~46% of the sampling completed to-date. Sampling is expected to conclude in two weeks' time. The results of this program will drive a follow up IP survey to identify potential mineralized zones and prioritize targets for drilling. Previous work in the Mitu area identified a stratigraphic sulphide unit with drill results including 11.6 metres of 3.44% copper and 11.5 metres of 1.41% copper. Follow up targeting of this sulphide mineralization is planned using phased methodology of Partial Ionic Leach soil sampling, followed by dipole-dipole IP survey, and diamond drilling. Given that Mitu has similar regolith to Kazhiba, which is generally unresponsive to traditional geochemical analysis, and given the positive results generated using Partial Ionic Leach sampling at Kazhiba, this technology is expected to more effectively identify and track further copper targets along the Mitu trend for the follow up described above. Qualified Person: Darin Labrenz, a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release. About Midnight Sun Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by world-class producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun's goal is to find and develop Zambia's next generational copper deposit. ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP. Al FabbroPresident & CEO For Further Information, Contact:Adrian O'BrienDirector of Marketing and CommunicationsTel: +1 604 809 6890Em: adrian@ NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. This news release contains "forward-looking statements" within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be "forward-looking statements." Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as "anticipates", "plans", "scheduled", "believed" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; the availability of contractors; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. i Barrick Gold Corp. News. May, 7, 2025. Barrick Reports Solid Q1 Results and Progress on Strategic Growth Objectives. Available To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
02-04-2025
- Business
- Globe and Mail
Midnight Sun Initiates Exploration Across Solwezi Project
Exploration Campaigns on Dumbwa, Kazhiba, and Mitu Targets Underway - To Include Drilling, Partial Ionic Leach Sampling and IP Survey Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ("Midnight Sun" or the "Company") is pleased to announce that the 2025 phase one exploration campaign is now underway on the Company's Solwezi Project in Zambia. This phase of exploration has been designed to significantly advance all three of Midnight Sun's key target areas; Dumbwa, Kazhiba and Mitu. The exploration work will address sulphide copper targets at Dumbwa, and both oxide and sulphide copper targets at Kazhiba and Mitu, following up on known mineralization as well as brand-new targets generated in the 2024 exploration campaign at Kazhiba. Midnight Sun's President & CEO, Al Fabbro, states: "We have launched an aggressive exploration program, intended to rapidly advance all three of our key targets. While our approach to exploration is measured, methodical and concise, it is also cost effective, and we believe this phase of work can deliver maximum impact on those key targets and driving highly targeted follow-up drill programs at Dumbwa and Mitu. We are setting the stage for success at Dumbwa, with Kevin Bonel utilizing the same logical steps employed by his previous team at Lumwana, where they moved that analogous asset from tier-two to tier-one status in just 24 months, giving Barrick a world-class 1.62 billion tonne, 0.52% copper deposit i. At Kazhiba, we are drilling to advance the scale of known oxide copper mineralization, and testing a large, brand-new target for sulphide copper mineralization. At Mitu, we are utilizing Partial Ionic Leach sampling to cover the entire mineralized trend, directing drilling later this year. This is an incredibly exciting time at the Solwezi Project, as we seek to transform ideas into discoveries, and pushing Midnight Sun to the next level." *Graphics detailing the Dumbwa IP Survey, Kazhiba Oxide and Sulphide Copper Drill Plan, and Mitu Partial Ionic Leach Sampling Program are provided below. Dumbwa Program Details: An extensive dipole-dipole induced polarization ("IP") geophysical survey will be utilized to test the 20-kilometre strike extent of the Dumbwa copper-in-soil anomaly, to guide targeted drilling. This drilling will be scheduled to begin following the completion of the IP survey and interpretation of results. The survey is expected to produce an effective picture of the dip direction, depth of targeted geology, and correlation of the geochemical anomaly at surface with sulphide copper mineralization at depth. The survey will have a line spacing of 500 metres with variable lengths from one to two-and-a-half kilometres, for a total of 56 line-kilometres. Kazhiba Program Details: The results of the recently completed 2024 exploration program at Kazhiba confirmed high-grade oxide copper mineralization in drill intercepts, identified mineralized extensions to the initial oxide copper zone, and highlighted significant new sulphide and oxide copper targets (see news releases dated January 29 th, 2025, and February 27, 2025). The 2025 phase one exploration campaign will follow up on the 2024 program, with continued drilling on extensions of the high-grade transported oxide copper blanket and addressing the new geochemical and geophysical targets with a combination of drilling and additional IP lines. Approximately 4,000 metres of reverse circulation drilling across 125 holes is planned to both follow up on potential extensions of oxide mineralization indicated by the 2024 drill campaign as well as test the three new oxide copper targets identified by Partial Ionic Leach sampling. Six to eight diamond drill holes totalling approximately 1,000 metres are planned on the recently identified ~four-kilometre by two-kilometre Kazhiba sulphide copper target. This target has demonstrated a significantly elevated copper signature in Partial Ionic Leach testing, coupled with high chargeability / low resistivity responses from IP geophysics, coinciding with a subtle traditional geochemical response, and situated in geology consistent with most deposits within the Zambian Copperbelt. This correlation of key characteristics has led the Company to theorize that this is a very strong target for the discovery of a copper mineralised stratigraphic unit and the potential sulphide source of the transported oxide material discovered on the Kazhiba License. Mitu Program Details: At Mitu, an extensive Partial Ionic Leach sampling program will be launched to test the entire Mitu Trend along the western flank of the Solwezi Dome. Given the positive results generated using Partial Ionic Leach sampling at Kazhiba, the Company plans to collect approximately 1,800 samples for Partial Ionic Leach analysis along the entire Mitu target trend. Mitu has similar regolith to Kazhiba, which is generally unresponsive to traditional geochemical analysis, so Partial Ionic Leach is expected to more effectively identify and track further copper targets. Oxide and sulphide copper mineralization has previously been identified at Mitu, and the Partial Ionic Leach sampling program will cover all highly prospective geology, the results of which will drive a follow up IP survey to finalize drill targets on each of the identified mineralized zones for follow up drilling later in the year. To view an enhanced version of this graphic, please visit: To view an enhanced version of this graphic, please visit: Qualified Person: Darin Labrenz, a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release. About Midnight Sun Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by world-class producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun's goal is to find and develop Zambia's next generational copper deposit. ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. This news release contains "forward-looking statements" within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be "forward looking statements." Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as "anticipates", "plans", "scheduled", "believed" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; the availability of contractors; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
Associated Press
02-04-2025
- Business
- Associated Press
Midnight Sun Initiates Exploration Across Solwezi Project
Exploration Campaigns on Dumbwa, Kazhiba, and Mitu Targets Underway - To Include Drilling, Partial Ionic Leach Sampling and IP Survey Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ('Midnight Sun' or the 'Company') is pleased to announce that the 2025 phase one exploration campaign is now underway on the Company's Solwezi Project in Zambia. This phase of exploration has been designed to significantly advance all three of Midnight Sun's key target areas; Dumbwa, Kazhiba and Mitu. The exploration work will address sulphide copper targets at Dumbwa, and both oxide and sulphide copper targets at Kazhiba and Mitu, following up on known mineralization as well as brand-new targets generated in the 2024 exploration campaign at Kazhiba. Midnight Sun's President & CEO, Al Fabbro, states: 'We have launched an aggressive exploration program, intended to rapidly advance all three of our key targets. While our approach to exploration is measured, methodical and concise, it is also cost effective, and we believe this phase of work can deliver maximum impact on those key targets and driving highly targeted follow-up drill programs at Dumbwa and Mitu. We are setting the stage for success at Dumbwa, with Kevin Bonel utilizing the same logical steps employed by his previous team at Lumwana, where they moved that analogous asset from tier-two to tier-one status in just 24 months, giving Barrick a world-class 1.62 billion tonne, 0.52% copper deposit i. At Kazhiba, we are drilling to advance the scale of known oxide copper mineralization, and testing a large, brand-new target for sulphide copper mineralization. At Mitu, we are utilizing Partial Ionic Leach sampling to cover the entire mineralized trend, directing drilling later this year. This is an incredibly exciting time at the Solwezi Project, as we seek to transform ideas into discoveries, and pushing Midnight Sun to the next level.' *Graphics detailing the Dumbwa IP Survey, Kazhiba Oxide and Sulphide Copper Drill Plan, and Mitu Partial Ionic Leach Sampling Program are provided below. Dumbwa Program Details: An extensive dipole-dipole induced polarization ('IP') geophysical survey will be utilized to test the 20-kilometre strike extent of the Dumbwa copper-in-soil anomaly, to guide targeted drilling. This drilling will be scheduled to begin following the completion of the IP survey and interpretation of results. The survey is expected to produce an effective picture of the dip direction, depth of targeted geology, and correlation of the geochemical anomaly at surface with sulphide copper mineralization at depth. The survey will have a line spacing of 500 metres with variable lengths from one to two-and-a-half kilometres, for a total of 56 line-kilometres. Kazhiba Program Details: The results of the recently completed 2024 exploration program at Kazhiba confirmed high-grade oxide copper mineralization in drill intercepts, identified mineralized extensions to the initial oxide copper zone, and highlighted significant new sulphide and oxide copper targets ( see news releases dated January 29 th, 2025, and February 27, 2025). The 2025 phase one exploration campaign will follow up on the 2024 program, with continued drilling on extensions of the high-grade transported oxide copper blanket and addressing the new geochemical and geophysical targets with a combination of drilling and additional IP lines. Approximately 4,000 metres of reverse circulation drilling across 125 holes is planned to both follow up on potential extensions of oxide mineralization indicated by the 2024 drill campaign as well as test the three new oxide copper targets identified by Partial Ionic Leach sampling. Six to eight diamond drill holes totalling approximately 1,000 metres are planned on the recently identified ~four-kilometre by two-kilometre Kazhiba sulphide copper target. This target has demonstrated a significantly elevated copper signature in Partial Ionic Leach testing, coupled with high chargeability / low resistivity responses from IP geophysics, coinciding with a subtle traditional geochemical response, and situated in geology consistent with most deposits within the Zambian Copperbelt. This correlation of key characteristics has led the Company to theorize that this is a very strong target for the discovery of a copper mineralised stratigraphic unit and the potential sulphide source of the transported oxide material discovered on the Kazhiba License. Mitu Program Details: At Mitu, an extensive Partial Ionic Leach sampling program will be launched to test the entire Mitu Trend along the western flank of the Solwezi Dome. Given the positive results generated using Partial Ionic Leach sampling at Kazhiba, the Company plans to collect approximately 1,800 samples for Partial Ionic Leach analysis along the entire Mitu target trend. Mitu has similar regolith to Kazhiba, which is generally unresponsive to traditional geochemical analysis, so Partial Ionic Leach is expected to more effectively identify and track further copper targets. Oxide and sulphide copper mineralization has previously been identified at Mitu, and the Partial Ionic Leach sampling program will cover all highly prospective geology, the results of which will drive a follow up IP survey to finalize drill targets on each of the identified mineralized zones for follow up drilling later in the year. To view an enhanced version of this graphic, please visit: Qualified Person: Darin Labrenz, a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release. About Midnight Sun Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by world-class producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun's goal is to find and develop Zambia's next generational copper deposit. ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP. Al Fabbro President & CEO For Further Information Contact: Adrian O'Brien Director of Marketing and Communications NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. This news release contains 'forward-looking statements' within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be 'forward looking statements.' Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as 'anticipates', 'plans', 'scheduled', 'believed' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; the availability of contractors; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
Associated Press
27-02-2025
- Business
- Associated Press
Midnight Sun Announces Significant New Targets at Kazhiba
Recently completed surveys identify significant sulphide and oxide copper targets with drill testing to commence in Q2 2025 Vancouver, British Columbia--(Newsfile Corp. - February 27, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ('Midnight Sun' or the 'Company') is pleased to announce that results of the recently completed 2024 geochemical and geophysical exploration programs have defined significant new sulphide and oxide targets on Kazhiba. Exploration drilling is set to commence in early Q2 and is designed to concurrently test these new sulphide and oxide targets. Partial Ionic Leach geochemistry has identified a strong copper anomaly extending over four kilometres that aligns perfectly with high chargeability, low resistivity stratigraphy as exposed by the induced polarization ('IP') survey. This new sulphide copper anomaly directly overlays a subtle, historic geochemical anomaly, and is situated in geology consistent with the majority of deposits within the Zambian Copperbelt. In addition to this new sulphide target, the partial leach geochemistry has also revealed three new copper anomalies that share a very similar geochemical signature to the known Kazhiba oxide copper occurrence, which was drilled in late 2024 ( see news release dated January 29, 2025). Midnight Sun's COO, Kevin Bonel, stated: 'We are incredibly pleased with the results and brand-new targets generated by the Partial Ionic Leach sampling and IP survey. Taking the coincidence of a well-defined copper anomaly, in the 'right geology' with an underlying high chargeability, low resistivity, IP reactive unit, the geological team's confidence is high that the unexposed unit is a copper mineralised stratigraphic unit. Not only do we now have a potential sulphide source for the high-grade oxide copper mineralization at Kazhiba, but we also have additional targets for more oxide copper mineralization to explore and hopefully add to our Cooperative Explorative Plan with First Quantum. The results simply could not have been better at this stage of exploration on our Kazhiba Target.' *Graphics detailing the new Kazhiba Targets defined by Partial Ionic Leach, IP Chargeability and IP Low-Resistivity are provided below. The New Kazhiba Targets Detailed: In late 2024, Partial Ionic Leach sampling and an IP Survey were conducted on the Company's Kazhiba Target as part of the 2024 Exploration Program. Both produced positive results and generated several significant targets. The Partial Ionic Leach sampling produced a new copper-in-soil anomaly, which extends for approximately 4 kilometres on strike. The geology of this new target is interpreted as Katangan sediments onlapping onto older basement lithologies of the Kazhiba Dome, itself interpreted from geophysics as an unexposed, shallow, basement inlier within the Kazhiba inlier. This is the classic Zambian Copperbelt setting. Concurrent with the partial leach geochemical sampling program, an IP survey over 'Kazhiba Target 2" was undertaken, designed to test for an unexposed sulphide mineralised stratigraphic unit overlying the interpreted Kazhiba Dome. This target is proposed as a possible source of the transported oxide-copper blanket recently tested by exploration drilling. The IP Survey has indicated a chargeable unit in the stratigraphy that is strongly correlated to the overlying Partial Ionic Leach copper anomaly. In addition, IP is indicating that the unit has very low resistivity, which is a strongly favourable characteristic. The combination of a subtle historic geochemical anomaly, coinciding with a brand-new copper-in-soil anomaly, all of which correlate with a high chargeability, low resistivity, IP reactive unit in favourable geology, has produced a very strong target for the discovery of a new copper mineralised stratigraphic unit. Exploration drilling is now planned for early Q2, designed to test Kazhiba Target 2 for the discovery of a new copper sulphide mineralised stratigraphic unit within the Kazhiba licence. Drilling is also planned to extend the initial oxide copper footprint delineated in recent drilling (see news release dated January 29, 2025) as well as test three new partial leach copper anomalies for additional oxide occurrences. To view an enhanced version of this graphic, please visit: To view an enhanced version of this graphic, please visit: Qualified Person: Darin Labrenz, a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release. Investor Relations Agreement The Company has entered into an agreement with Triomphe Holdings Ltd. (dba Capital Analytica) ('Capital Analytica') for investor relations and communication services (the 'Consulting Agreement'). The Consulting Agreement has an initial term of six months, commencing February 18, 2025, under which the Company will pay to Capital Analytica an aggregate of $120,000, unless terminated earlier in accordance with the Consulting Agreement. Pursuant to the terms of the Consulting Agreement, Capital Analytica will provide ongoing capital markets consultation, ongoing social media consultation regarding engagement and enhancement, social sentiment reporting, social engagement reporting, discussion forum monitoring and reporting, corporate video dissemination, and other related investor relations services. Capital Analytica is a Nanaimo based company owned and operated by Jeff French who is arm's length to the Company. Capital Analytica owns securities of the Company. About Midnight Sun Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by world-class producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun goal is to find and develop Zambia's next generational copper deposit. ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP. Al Fabbro President & CEO For Further Information Contact: Adrian O'Brien Director of Marketing and Communications NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. This news release contains 'forward-looking statements' within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be 'forward-looking statements.' Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as 'anticipates', 'plans', 'scheduled', 'believed' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
