Vancouver, British Columbia--(Newsfile Corp. - January 8, 2025) - Midnight Sun Mining Corporation (TSXV: MMA) (OTC Pink: MDNGF) ("Midnight Sun" or the "Company") is pleased to announce the completion of the previously announced exploration program at the Kazhiba Target, located on the Company's Solwezi Property in Zambia (see news release dated September 19th, 2024). The exploration program consisted of reverse circulation drilling ("RC Drilling") designed to delineate near surface oxide copper mineralization, an induced polarization survey ("IP Survey") to test nearby anomalies for potential sulfide target generation, and partial ionic leach sampling to identify additional targets previously masked by the regional regolith.
Midnight Sun's President & CEO, Al Fabbro, states: "Our COO, Dr. Kevin Bonel, has led our team to the very swift and successful completion of this exciting new phase of exploration work at Kazhiba. 2025 is off to an excellent start, and this recent work serves as a testament to the incredible team we have built. We now await assays, which will dictate the next steps at Kazhiba. This marks a pivotal milestone achieved under our Cooperative Exploration Plan with First Quantum and we look forward to delivering results shortly."
2024 Kazhiba Exploration Program Details
RC Drilling
The Company completed a total of 2,005 metres of RC Drilling within 54 holes. The total number of metres drilled were less than originally planned due to shallower than estimated depth to bedrock. This spatially constrained drill pattern was designed to form the basis of an oxide mineral resource estimate.
IP Survey
A wide spaced IP Survey has been completed over additional targets at Kazhiba to identify stratigraphic conductors for future drill testing of possible sulphide sources of the Kazhiba oxide blanket. Additional targets could represent standalone opportunities within the licence.
Partial Ionic Leach Soil Sampling
The company completed a geochemical survey over the Kazhiba License using partial ionic leach sampling, a proprietary technique developed by ALS Chemex. This method is extremely sensitive and thought to be more effective than traditional geochemical techniques at identifying base metal anomalies when searching for covered areas of mineralisation. This new geochemical 'fingerprint' over the known mineralised area of Kazhiba will help with the interpretation of the sampling data on the rest of the licence, potentially leading to new, similar targets.
Qualified Person: Darin Labrenz, P.Geo., 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 intends 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: adrian@midnightsunmining.com
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This news release contains "forward-looking statements" within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, and projections as at the date of this news release. The information in this news release about the resolution of mineral exploration licence renewals, timing, and ability of the Company to obtain the approval of relevant regulatory bodies, if at all; and any other 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.
