Midnight Sun Mining 2018 Exploration Update
Midnight Sun Mining - Corporate Office
#1125 - 595 Howe Street, Vancouver, BC Canada V6C 2T5
Tel: +1 (604) 351-8850 Fax: +1 (778) 379-1434
Email: [email protected]
MIDNIGHT SUN MINING 2018 EXPLORATION UPDATE
Vancouver, British Columbia, July 3, 2018 – Midnight Sun Mining Corp. (the “ Company” or
“Midnight Sun ”) (TSX -V: MMA) is approaching completion of its Phase One 2018
exploration program on its Zambian copper-cobalt properties, the Solwezi Group of Licences
(“Solwezi Licences”) . This phase of exploration was designed to further develop an
understanding of the geologic controls and mineralization on the Solwezi Licenses as well as
develop targets for future diamond drilling.
PHASE ONE PROGRAM
Phase O ne of t he 2018 explor ation program employed a series of progressively more
detailed techniques to refine the Company’s comprehension of the geology and
mineralization on the Solwezi Licences. Specific attention was given to the Mitu area, where
copper-cobalt mineralization was confirmed by the 2017 drill program and favourable
geology was established over a 17 kilometre strike length.
Phase One of the 2018 exploration program included the following:
1,503 metres of diamond drilling;
10,424 metres of air core drilling;
34 line kilometres of Natural Sourced Audio Magneto Tellurics (“NSAMT”)
ground geophysics;
2,684 line kilometres of Versatile Time Domain Electromagnetic airborne
geophysics (“VTEM”) (in progress); and,
complete re-logging of all historic drill core and geochemical samples.
A team of geologists and data management personnel re-logged all historic drill core and
plotted all soil geochemical samples from previous exploration campaigns. This data has
been uploaded into the company’s geological information system for collection and
compilation, and together with the additional data gathered from this phase , will build an
updated interpretive model to optimize future drill targets.
NSAMT ground geophysics were run over additional areas of the Mitu copper-cobalt target
which were not covered by geophysical lines in the 2017 exploration program. This survey
was conducted on 500 m etre spacings to provide a more detailed view of the position and
distribution of the favourable black shale units which host the identified copper -cobalt
mineralization at Mitu.
Two air core drill rigs drilled a total of 10,424 metres to evaluate the intensity of copper -
cobalt mineralisation in the conductor rocks highlighted by the NSAMT survey s. The results
Midnight Sun Mining - Corporate Office
#1125 - 595 Howe Street, Vancouver, BC Canada V6C 2T5
Tel: +1 (604) 351-8850 Fax: +1 (778) 379-1434
Email: [email protected]
of this evaluation will guide diamond drill holes in Phase T wo of the 2018 exploration
campaign and help ensure drilling is focused on testing significant mineralised conductors.
1,503 metres of diamond drilling were completed, focusing on targets delineated by data
from the 2017 exploration program. Samples have been sent to SGS in Kalulushi for
assaying. All material results will be released when received by the Company.
After minor weather related delays at a previous client, the Company’s airborne geophysical
contractor is now onsite and has initiated a planned 2,684 line kilometre VTEM survey, with
an expected completion date to be the week of July 20th, 2018. This survey will cover the
entirety of the Solwezi Licenses, providing data on all known areas of mineralization: Mitu,
the 22 Zone, Dumbwa, Kifubwe and Khaziba; as well as information on areas previously
unexplored on the Solwezi Licenses.
The Company’s President and Chief Executive O fficer, Brett Richards stated: “We have
significantly advanced our understanding of the regional geology as a result of the activities
in Phase One of our drilling campaign, and I look forward to the results over the coming
weeks. As we have maintained from the beginning of our program, w e intend to be
methodical in our exploration approach to maximizing the size and scale of the
mineralization contained within the Solwezi Licences. After taking a short period of time to
collect, analyse, and interpret all of the newly generated data from Phase One; I believe the
interpretation of the results will guide us systematically through the next phases of
development.”
Please refer to the C ompany’s previous New Releases as well as the Company presentation
on its website at: www.midnightsunmining.com.
ABOUT MIDNIGHT SUN MINING
Midnight Sun has earned a 60% interest in the Solwezi Licences with the potential to acquire
the remaining 40%. The Solwezi Licences are comprised of two individual prospecting
licences totalling 506 km2, situated in the N orth-Western Province of Zambia, adjacent to
First Quantum’s Kansanshi Mine; Africa's largest copper mining complex, on the prolific
Zambia-Congo Copper Belt.
Led by experienced directors and talented management, Midnight Sun aims to further
explore the impressive mineralization and anomalies that have rec ently been discovered on
the Solwezi Licenses.
Midnight Sun Mining Corp. trades on the TSX Venture Exchange under the symbol MMA.
ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.
Midnight Sun Mining - Corporate Office
#1125 - 595 Howe Street, Vancouver, BC Canada V6C 2T5
Tel: +1 (604) 351-8850 Fax: +1 (778) 379-1434
Email: [email protected]
Brett A. Richards – President and Chief Executive Officer
For Further Information Contact:
Brett A. Richards Al Fabbro
President and Chief Executive Officer Lead Director
Tel: +1 905 449 1500 Tel: +1 604 351 8850
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE P OLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEW RELEASE.
This news release includes certain statements that may be deemed as “forward -looking
statements”. All statements in this release, other than sta tements of historical facts, the
expected completion of any Offering, and the expected use of proceeds are forward -looking
statements. Although the Company believes the expectations expressed in such forward -
looking statements are based on reasonable assu mptions, such statements are not
guarantees of future performance and actual results or developments may differ materially
from those in forward -looking statements. Factors that could cause actual results to differ
materially from those in the forward -looking statements include: changes in market
conditions, unsuccessful exploration results, changes in the price of commodities
(particularly copper, cobalt, gold and nickel), unanticipated changes in key management
personnel and general social, economic or geo-political conditions. Mining exploration and
development is an inherently risky business. Accordingly , the actual events may differ
materially from those projected in the forward-looking statements. This list is not exhaustive
of the factors that ma y affect any of the Company’s forward -looking statements. These and
other factors should be considered carefully and readers should not place undue reliance on
the Company’s forward -looking statements. The Company does not undertake to update
any forward –looking statement that may be from time to time by the Company or on its
behalf, except in accordance with applicable securities laws.