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
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, February 27th, 202 5 - Midnight Sun Mining Corp. (TSXV:
MMA / OTC: 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 L each geochemistry has identified a strong copper anomaly extending over
four kilometres that aligns perfectly with high chargeability, low resistivity stratigraphy as
exposed by the i nduced 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 on ly 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 Kazh iba Dome, itself interpreted from geophysics as an
unexposed, shallow, basement inlier within the Kazh iba 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 Kaz hiba 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 minerali sed stratigraphic unit within the Kaz hiba
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.
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.
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
Tel: +1 604 809 6890
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