Midnight Sun Announces Cooperative Oxide-Copper Exploration Plan
Midnight Sun Announces Cooperative Oxide-Copper Exploration Plan
Vancouver, British Columbia, April 23, 2024 – Midnight Sun Mining Corp. (the “Company”
or “Midnight Sun”) (TSX-V: MMA / OTC: MDNGF) is pleased to announce that a cooperative
exploration plan has been established between the Company and First Quantum Minerals
Ltd. (“First Quantum” ) to jointly define potential feed source s for First Quantum ’s SX/EW
oxide copper circuit at the Kansanshi Mine.
Midnight Sun will work closely with First Quantum to delineate and evaluate the potential
grade and metallurgy of the possible oxide ore types. Exploration work on oxide copper
targets across the Solwezi Project is anticipated to start in Q2 2024, with an initial focus on
the Kazhiba Dome target, where previous drilling intercepted 14 .2 me tres of 5.71% Cu, 24
metres of 3.15% Cu, and 8 metres of 5.14% Cu*. Prior work on the Solwezi Project outlined
multiple high-grade zones of oxide copper mineralization.
“Through exploration work carried out across our Solwezi Project , we have outlined
numerous areas of high-grade oxide copper mineralization at or near surface. Previously,
we had considered oxide intercepts as pathfinders in our exploration for large sedimentary
copper targets at depth . Now, a remarkable opportunity to utilize this oxide material has
been identified , which could put Midnight Sun in a position to become a near -term
producer.” stated Al Fabbro, Midnight Sun’s President & CEO. “First Quantum’s Kansanshi
Mine has depleted oxide reserves and is transitioning to a large sulphide development . In
the meantime, they have capacity potential to process oxide ore. Our property is just a few
kilometres from their mine gate , and an existing haul road owned by First Quantum
connects the two. Using oxide copper ore from our property, First Quantum may be able to
enhance feed grades and utilize sulfuric acid produced by their on -site smelter. In turn,
Midnight Sun would be in a position to receive significant near-term positive cash flow from
the throughput of material from our property . We are thrilled to have found a win -win
situation tha t represents such significant benefits to both Midnight Sun and First
Quantum.”
In parallel with KoBold Metals’ (“KoBold”) work on the Dumbwa Target area, Midnight Sun’s
2024 exploration plans will be focused on this cooperative exploration program to
delineate oxide copper on multiple areas of our Solwezi Project. Phase one of this program
is expected to begin at the Kazhiba Dome, which is located less than 10 kilometres from the
Kansanshi Mine gate.
*All results have been previously reported. Stated widths are downhole widths. True widths
are estimated to be 70%-90% of downhole widths
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
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