Midnight Sun Mng Corp Stock Price, News & Analysis

Midnight Sun Mining (OTC:MDNGF) has initiated its first systematic diamond drilling program at the Dumbwa Target on the Solwezi Project in Zambia. The program targets a significant 20-kilometer copper-in-soil anomaly and follows recent dipole-dipole IP Survey results.

The company has deployed one diamond drill rig with a second rig expected to arrive shortly. The initial drilling focuses on confirming disseminated copper sulphide mineralization correlated with IP chargeability response, with the first hole located on the eastern half of IP Line 2 targeting a strong chargeability anomaly.

COO Kevin Bonel drew parallels between Dumbwa and Barrick's Lumwana deposit, noting similarities in basement dome geology, layered mineralization, and surface copper clearings.

Midnight Sun Mining (OTC:MDNGF) has initiated an expansion drilling program at its Kazhiba-Main oxide copper target within the Solwezi Project in Zambia. The company plans 164 RC holes to expand upon successful 2024 drilling results, which tested only 40% of the geochemical anomaly.

Previous drilling highlights included exceptional grades of 10.69% copper over 21.0 metres and 5.60% copper over 26.0 metres. The project, located 6 kilometers from First Quantum Minerals' Kansanshi Copper Mine, is part of a Cooperative Exploration Plan with First Quantum. Additionally, the company completed a 585-sample Partial Ionic Leach program at Kazhiba-East to identify new target areas.

Upon completion of the drilling program, Midnight Sun plans to deliver its maiden NI43-101 compliant resource estimate for Kazhiba-Main.

Midnight Sun Mining (OTC:MDNGF) has completed phase one of a 56 line-kilometre dipole-dipole induced polarization (IP) survey at its Dumbwa Target within the Solwezi Project in Zambia. The initial phase covered 11.5 kilometres of strike length with 500-250 metre east-west oriented line spacings.

The IP survey results have successfully correlated with previous drill-identified mineralization and provided detailed visual interpretation of mineralized horizons. The survey revealed varying structural architecture, from flat-lying to tightly folded horizons, and identified major cross-cutting structures explaining offset between historical soil geochemistry and previous drilling.

Based on these findings, the company plans to commence a diamond drill program along the southern 11.5-kilometer strike length in approximately two weeks. The technical team will use the IP survey results to optimize drill placement and further validate their geological interpretations.

Midnight Sun Mining (TSXV: MMA) (OTC: MDNGF) has appointed Adrian Karolko, P. Geo, as Vice President of Exploration. Karolko brings 18 years of mineral exploration experience across various commodities and global jurisdictions. He was recently part of the Pre-Feasibility and Feasibility team for Lumina Gold's Cangrejos gold-copper project and served as Exploration Manager at Miedzi Copper Corp, where he co-discovered the Nowa Sol copper-silver deposit. The company also announced Robert Sibthorpe's transition to Chairman Emeritus while remaining on the board, Matt MacKenzie's promotion to Executive Vice President, and the grant of 3,550,000 stock options at $0.60 per share to company personnel.

Midnight Sun Mining Corp. (MDNGF) has commenced diamond drilling operations at the Kazhiba Target 2 sulphide copper target within its Solwezi Project in Zambia. The drilling program consists of 6-8 diamond drill holes totaling approximately 1,000 meters, targeting a substantial 4km x 2km sulphide copper zone. The target area has shown promising indicators including overlapping copper signatures in Partial Ionic Leach testing, strong VTEM geophysical anomalies, and high chargeability/low resistivity responses from induced polarization geophysics. The first drill hole, KAZ-25-003, has a target depth of 150 meters. The company has also completed geochemical sample collection at Mitu, with samples being prepared for Partial Ionic Leach assaying at ALS Chemex.

Midnight Sun Mining (TSXV: MMA) (OTC: MDNGF) has entered into an Earn-In Agreement with Zambezi Mint Investment Limited to acquire the Luswishi Dome Project in Zambia. The 366 square kilometer project is located 40 kilometers southeast of the company's Solwezi Project.

The acquisition follows a three-stage earn-in structure: 1) 51% ownership for CAD $750,000 in exploration within 24 months, 2) Additional 19% ownership by completing an NI 43-101 compliant resource within 24 months after Stage 1, and 3) Further 10% ownership by completing a pre-feasibility study within 36 months of Stage 2 completion.

The strategic acquisition targets a dome structure similar to those hosting major copper deposits in the region, including Barrick's Lumwana Mine, First Quantum's Kansanshi and Sentinel Mines, and Ivanhoe's Kamoa-Kakula.

Midnight Sun Mining (MDNGF) has provided an update on its 2025 phase one exploration campaign at the Solwezi Project in Zambia. The company is making progress across three key targets: 1. Dumbwa: Dipole-Dipole IP Survey is 30% complete, with 10 of 34 planned lines surveyed across a 20km copper-in-soil anomaly. 2. Kazhiba: Diamond drilling to begin May 26th, targeting a 4km x 2km sulphide copper target. Plans include 6-8 holes totaling 1,000 meters, plus 4,000 meters of RC drilling for oxide copper targets. 3. Mitu: Partial Ionic Leach Survey is 46% complete, with plans to collect ~1,800 samples. Previous drilling showed promising results including 11.6m of 3.44% copper. CEO Al Fabbro highlighted that this exploration program, led by COO Dr. Kevin Bonel, aims to transform these targets from early-stage discoveries into well-defined assets suitable for significant development investment.

CEO.CA, a leading investor social network for junior resource and venture stocks, recently featured an exclusive interview with Adrian O'Brien, VP of Business Development & Communications at Midnight Sun Mining (TSXV: MMA) (OTC: MDNGF). The interview focused on the company's 2025 exploration program in Zambia, particularly highlighting the Dumbwa target's similarities to Barrick's Lumwana Mine.

The interview was part of CEO.CA's 'Inside the Boardroom' series, which provides coverage of companies shaping the mining industry's future. CEO.CA, established in 2012 and now a subsidiary of EarthLabs, Inc., serves millions of visitors annually as a platform for investor networking and information sharing.

Midnight Sun Mining (TSXV: MMA) (OTC: MDNGF) has launched its 2025 phase one exploration campaign at the Solwezi Project in Zambia. The program targets three key areas: Dumbwa, Kazhiba, and Mitu.

At Dumbwa, a 56-line kilometer IP geophysical survey will examine a 20-kilometer copper-in-soil anomaly. The Kazhiba program includes 4,000 meters of reverse circulation drilling across 125 holes for oxide copper exploration, plus 6-8 diamond drill holes totaling 1,000 meters targeting a newly identified 4x2 kilometer sulphide copper zone.

The Mitu campaign will collect approximately 1,800 Partial Ionic Leach samples along the entire trend to identify copper targets, followed by IP surveys and drilling later in the year. This comprehensive exploration approach aims to advance both oxide and sulphide copper targets across all three zones.