STOCK TITAN

Midnight Sun Kicks Off Expansion Drilling At Kazhiba-Main Oxide Target

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags

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) ha avviato un programma di perforazione per l'espansione del suo obiettivo di ossido di rame Kazhiba-Main all'interno del Progetto Solwezi in Zambia. L'azienda prevede di eseguire 164 fori RC per ampliare i risultati positivi ottenuti nel 2024, che hanno interessato solo il 40% dell'anomalia geochimica.

I precedenti risultati di perforazione hanno evidenziato grade eccezionali di 10,69% di rame su 21,0 metri e 5,60% di rame su 26,0 metri. Il progetto, situato a 6 chilometri dalla miniera di rame Kansanshi di First Quantum Minerals, fa parte di un Piano di Esplorazione Cooperativa con First Quantum. Inoltre, l'azienda ha completato un programma di Partial Ionic Leach con 585 campioni a Kazhiba-East per identificare nuove aree target.

Al termine del programma di perforazione, Midnight Sun prevede di pubblicare la sua prima stima delle risorse conforme al NI43-101 per Kazhiba-Main.

Midnight Sun Mining (OTC:MDNGF) ha iniciado un programa de perforación para la expansión de su objetivo de óxido de cobre Kazhiba-Main dentro del Proyecto Solwezi en Zambia. La compañía planea realizar 164 perforaciones RC para ampliar los exitosos resultados de perforación de 2024, que solo cubrieron el 40% de la anomalía geoquímica.

Los resultados anteriores destacaron grados excepcionales de 10,69% de cobre en 21,0 metros y 5,60% de cobre en 26,0 metros. El proyecto, ubicado a 6 kilómetros de la mina de cobre Kansanshi de First Quantum Minerals, forma parte de un Plan de Exploración Cooperativa con First Quantum. Además, la compañía completó un programa de Partial Ionic Leach con 585 muestras en Kazhiba-East para identificar nuevas áreas objetivo.

Al finalizar el programa de perforación, Midnight Sun planea entregar su primera estimación de recursos conforme al NI43-101 para Kazhiba-Main.

Midnight Sun Mining (OTC:MDNGF)는 잠비아 솔즈웨이 프로젝트 내 카즈히바-메인 산화 구리 목표지에서 확장 시추 프로그램을 시작했습니다. 회사는 2024년 성공적인 시추 결과를 바탕으로, 지구화학적 이상 현상의 40%만을 시험한 164개의 RC 시추공을 계획하고 있습니다.

이전 시추 결과는 21.0미터 구간에서 10.69% 구리26.0미터 구간에서 5.60% 구리라는 뛰어난 등급을 보여주었습니다. 이 프로젝트는 First Quantum Minerals의 칸산시 구리광산에서 6킬로미터 떨어진 곳에 위치하며, First Quantum과의 협력 탐사 계획의 일환입니다. 또한 회사는 새로운 목표 지역을 확인하기 위해 카즈히바-이스트에서 585개 샘플의 부분 이온 침출 프로그램을 완료했습니다.

시추 프로그램 완료 후, Midnight Sun은 카즈히바-메인에 대한 최초의 NI43-101 규격에 부합하는 자원 추정치를 발표할 계획입니다.

Midnight Sun Mining (OTC:MDNGF) a lancé un programme de forage d'expansion sur sa cible de cuivre oxydé Kazhiba-Main dans le cadre du projet Solwezi en Zambie. La société prévoit 164 trous RC pour étendre les résultats positifs des forages de 2024, qui n'ont testé que 40 % de l'anomalie géochimique.

Les forages précédents ont révélé des teneurs exceptionnelles de 10,69 % de cuivre sur 21,0 mètres et 5,60 % de cuivre sur 26,0 mètres. Le projet, situé à 6 kilomètres de la mine de cuivre Kansanshi de First Quantum Minerals, fait partie d'un plan d'exploration coopératif avec First Quantum. De plus, la société a réalisé un programme de Partial Ionic Leach avec 585 échantillons à Kazhiba-East afin d'identifier de nouvelles zones cibles.

À l'issue du programme de forage, Midnight Sun prévoit de publier sa première estimation des ressources conforme à la norme NI43-101 pour Kazhiba-Main.

Midnight Sun Mining (OTC:MDNGF) hat ein Erweiterungsbohrprogramm an seinem Kazhiba-Main Oxid-Kupferziel im Solwezi-Projekt in Sambia gestartet. Das Unternehmen plant 164 RC-Bohrlöcher, um auf den erfolgreichen Bohrergebnissen von 2024 aufzubauen, die nur 40 % der geochemischen Anomalie abdeckten.

Frühere Bohrergebnisse zeigten außergewöhnliche Gehalte von 10,69 % Kupfer über 21,0 Meter und 5,60 % Kupfer über 26,0 Meter. Das Projekt liegt 6 Kilometer von der Kansanshi-Kupfermine von First Quantum Minerals entfernt und ist Teil eines kooperativen Explorationsplans mit First Quantum. Zusätzlich hat das Unternehmen ein Partial Ionic Leach Programm mit 585 Proben bei Kazhiba-East abgeschlossen, um neue Zielgebiete zu identifizieren.

Nach Abschluss des Bohrprogramms plant Midnight Sun, seine erste NI43-101-konforme Ressourcenschätzung für Kazhiba-Main vorzulegen.

Positive
  • Exceptional high-grade drilling results with up to 10.69% copper over 21.0 metres
  • Strategic location just 6km from First Quantum's Kansanshi Copper Mine
  • Cooperative Exploration Plan with First Quantum Minerals provides strategic partnership
  • Only 40% of target area tested so far, indicating significant expansion potential
  • Near-surface mineralization suggests potential for cost-effective mining
Negative
  • Maiden resource estimate still pending, creating uncertainty about project scale
  • Early-stage project with no defined production timeline

164 RC holes planned to test extensions of area drilled in 2024, with Maiden Resource Estimate to follow

Vancouver, British Columbia--(Newsfile Corp. - July 22, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ("Midnight Sun" or the "Company") is pleased to announce the commencement of the expansion drilling program at the Kazhiba-Main oxide copper target on the Company's Solwezi Project in Zambia. Initial reverse circulation ("RC") drilling at Kazhiba-Main took place in November 2024 and yielded strong results; however, to date, only ~40% of the geochemical anomaly has been tested (See the Company's News Release dated January 29, 2025). The Company plans to complete an NI43-101 compliant maiden resource estimate for Kazhiba-Main upon completion of the drill program.

Highlights of the 2024 RC drilling program at Kazhiba Main included the following:

  • 10.69% copper over 21.0 metres from drill hole MSZ22-028

  • 5.60% copper over 26.0 metres from drill hole MSZ22-020

  • 3.01% copper over 15.0 metres from drill hole MSZ22-012

  • 4.66% copper over 7.0 metres from drill hole MSZ22-030

Midnight Sun's President & CEO, Al Fabbro, states: "We are now well underway with RC drilling at Kazhiba-Main, working to establish the extents of mineralization. Our 2024 work confirmed the presence of a substantial high-grade, near-surface oxide copper blanket, and identified multiple new targets for significant expansion potential. After reviewing the initial drill results, we are confident that immense opportunity for growth exists, having tested only about 40% of the target area. The exceptional high-grade nature of this mineralization is clear, and we are now moving swiftly to expand the mineralized zone and deliver a maiden resource. These key steps, under our Cooperative Exploration Plan with First Quantum, have the potential to unlock significant near-term cash flow and strategic optionality for our shareholders."

Additionally, Midnight Sun recently completed a follow-up Partial Ionic Leach (PIL) geochemical sampling program over three new target areas which were identified after reviewing historical soil geochemistry data. This new PIL sampling program totals 585 samples in the Kazhiba-East area.

The current interpretation is that the Kazhiba-East areas are analogs to the copper mineralization and emplacement discovered at Kazhiba-Main. The recent detailed PIL grid over the three areas was completed in order to better delineate each target area to optimize future RC drill locations.

Samples were recently submitted to ALS Chemex in Ndola and results are expected within four weeks.

Kazhiba Main 2025 Expansion Program:

The Kazhiba Main mineralized zone is located approximately 6 kilometres southwest of First Quantum Minerals' Kansanshi Copper Mine. Work to date has confirmed near-surface, high-grade oxide copper mineralization and comprises key steps under the previously announced Cooperative Exploration Plan with First Quantum Minerals (see news release dated April 23, 2024).

The Company's 2025 program is planned to include 164 holes at Kazhiba Main, to test expansion potential of oxide copper mineralization outside of the previously drilled area, as well as infill several holes within last year's drilling grid. The company is prepared to add additional holes immediately pending assay results to completely delineate the Kazhiba-Main mineralization. Upon the completion of the drilling, the company plans to complete a NI43-101 compliant maiden resource estimate for Kazhiba-Main.

Qualified Person: Darin Labrenz, P.Geo., a consulting geologist for the Company and Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release.

*Graphics provided below:

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2553/259527_71991847e40d4be8_001.jpg

Figure 1: 2025 Kazhiba Main Drill Grid

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2553/259527_71991847e40d4be8_001full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2553/259527_71991847e40d4be8_002.jpg

Figure 2: 2025 Kazhiba Partial Ionic Leach Sampling Grid

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2553/259527_71991847e40d4be8_002full.jpg

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 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
VP Business Development and Communications
Tel: +1 604 809 6890
Em: adrian@midnightsunmining.com

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259527

FAQ

What were the key drilling results from Midnight Sun Mining's (MDNGF) Kazhiba-Main program in 2024?

The 2024 drilling program revealed exceptional results including 10.69% copper over 21.0 metres and 5.60% copper over 26.0 metres from drill holes MSZ22-028 and MSZ22-020 respectively.

How many drill holes is Midnight Sun Mining planning for its 2025 Kazhiba-Main expansion program?

Midnight Sun Mining plans to complete 164 RC holes at Kazhiba-Main to test expansion potential and infill several holes within the previous drilling grid.

Where is Midnight Sun Mining's Kazhiba-Main project located?

The Kazhiba-Main mineralized zone is located 6 kilometres southwest of First Quantum Minerals' Kansanshi Copper Mine in Zambia.

What percentage of the Kazhiba-Main geochemical anomaly has been tested so far?

To date, only approximately 40% of the geochemical anomaly has been tested at Kazhiba-Main.

What is Midnight Sun Mining's next major milestone for the Kazhiba-Main project?

The company plans to complete an NI43-101 compliant maiden resource estimate for Kazhiba-Main upon completion of the current drill program.
Midnight Sun Mng Corp

OTC:MDNGF

MDNGF Rankings

MDNGF Latest News

MDNGF Stock Data

110.33M
169.24M
6.15%
3.2%
Other Industrial Metals & Mining
Basic Materials
Link
Canada
Vancouver