Midnight Sun Receives Phase One Assays
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 RECEIVES PHASE ONE ASSAYS
Vancouver, British Columbia, August 27, 2018 – Midnight Sun Mining Corp. (the
“Company” or “Midnight Sun”) (TSX-V: MMA) is pleased to report initial results of its Phase
One 2018 exploration program on its Zambian copper -cobalt properties, the Solwezi Group
of Licences (“Solwezi Licences”) located in the North -Western province of Zambia . Phase
One work included 7 diamond drill holes totalling 1,503 meters and 234 air core holes
totalling 10,424 meters at the Mitu target , as well as ground and airborne ge ophysical
surveys.
The Company has received independent assay results for all submitted diamond drill holes.
Significant r esults from the diamo nd drill holes , as well as from air core drilling are
presented in the Table below.
Phase One – Mitu Area – Initial Significant Drill Hole Intercepts
Hole # Drill Type Mitu Area Az Dip From
(m)
To
(m)
Interval
(m)
Cu % Co % Ni % Cu Eq
%
MTDD035
Including
HQ Core Discovery 035 60 115.0
125.0
129.3
129.3
14.3
4.3
0.42%
0.51%
0.10%
0.28%
0.05%
0.11%
1.61%
3.73%
MTDD036 HQ Core Discovery 035 60 185.0 190.0 5.0 0.25% 0.04% 0.08% 0.87%
MTDD037
Including
Including
HQ Core Southeast 035 60 129.9
129.9
146.0
153.6
135.0
147.0
23.7
5.1
1.0
0.34%
0.64%
1.62%
0.04%
0.04%
0.10%
0.15%
0.32%
1.50%
1.11%
1.81%
6.05%
MTDD038
Including
HQ Core Southeast 035 60 101.8
104.0
123.0
111.0
21.2
7.0
0.28%
0.45%
0.05%
0.07%
0.03%
0.04%
0.88%
1.28%
MTAC198
Including
Air Core Northwest vertical 3.0
18.0
6.0
31.5
3.0
13.5
0.04%
0.22%
0.06%
0.05%
0.04%
0.05%
0.81%
0.81%
MTAC204
Including
Air Core Northwest vertical 1.5
3.0
49.5
24.0
48.0
21.0
0.14%
0.15%
0.07%
0.10%
0.05%
0.06%
0.96%
1.36%
MTAC212 Air Core Northwest vertical 3.0 12.0 9.0 0.03% 0.03% 0.06% 0.45%
MTAC224 Air Core Southeast vertical 19.5 28.5 9.0 0.05% 0.02% 0.04% 0.33%
MTAC236 Air Core Southeast vertical 45.0 52.5 7.5 0.05% 0.01% 0.05% 0.28%
Notes:
• Reported intervals are the downhole widths, which are similar to the true widths.
• Reported intervals are calculated for zones assaying > 0.2% copper or 0.02% cobalt and containing less than 2
meters of internal waste.
• Copper equivalent values are estimated using current metal prices of $2.73/lb copper, $29.26/lb cobalt, and
$6.03/lb nickel and are presented for ease of interval comparison only. Metallurgical r ecovery factors are
assumed to be 100% although the recovery factors for various metals may vary significantly.
DIAMOND DRILL PROGRAM
Drill holes MTDD035 and MTDD036 were drilled along a profile within the “Discovery Zone”
established in prior years ’ drilling. Drill hole s MTDD037 and MTDD038 were drilled 300
meters to the southeast where one hole drilled in 2017 had defined the southeast margin of
the “Discovery Zone.” These holes indicate continuity of significant copper-cobalt-nickel
mineralization between previous holes.
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]
Drill holes M TDD039 and M TDD041 tested targets to the northwest and southeast of the
Discovery Zone i dentified by geo physical, soil geochemical and air c ore drill results. These
holes encountered barren lithologies suggesting structural dislocation in these areas .
Follow-up drilling is planned to determine the source of these anomalies.
The above drilling has shown that the Discovery Zone has a strike length of over 800 meters
and a down dip extension of 300 meters.
Drill hole MTDD040 tested a prominent geophysical anomaly 5 kilometers to the southeast
of the Discovery Zone , identified by geophysical work conducted in 2018 . This hole did not
return significant metal values, although it did encounter black shales, which are the typical
host rocks for the targeted mineralization and follow up drilling in this area is planned.
AIR CORE PROGRAM
234 Air Core holes totalling 10,424 meters have been drilled in 2018, with samples being
sent for independent assays on 99 of these holes with results received f rom 35 of these
holes to date. The primary purpose of this drilling was to locate areas of black shale lithology
with elevated base metal values beneath overburden to direct diamond drilling along the
>14 km of indicated strike length of the Mitu trend along the western flank of the Solwezi
Dome. Air Core holes also provide indications of possibly exploitable oxide mineralization
within the overburden.
A map of the 2018 drill locations can be found on the company website here.
GEOPHYSICAL SURVEY
While the Mitu area has limited surface rock exposure, the favourable black shale host rock
has demonstrated a response to Natural Sourced Audio Magneto Tellurics (“NSAMT”)
geophysics. T he anomalies detected by this system have proven important in developing
targets and directing drill holes , as the NSAMT data shows some of the structural fabric of
the bedrock geology and black shale uni ts. In 2018, an additional 34 line k ilometers of
NSAMT surveying have been conducted over the Mitu area and results from this work are
currently being analyzed and interpreted.
In addition, a 3,889 line kilometer geophysical airborne survey was flown over the entire
Solwezi License area by Geotech Airborne. The survey included the contractor’s proprietary
Versatile Time -Domain Electromagnetic ( “VTEM”) system, as well as horizontal magnetic
gradiometer and radiometrics instruments. The VTEM system is i deal for rapid mapping of
conductive units, such as the prospective black shales that host mineralization at Mitu. This
will help identify black shale basins that may be similar to the Discovery Zone. The
magnetics survey will help with structural mapping, as it responds to the subtly different
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]
magnetic signatures of the rocks and the typically lower magnetic signature of faults. The
system should also respond to pyrrhotite, which is associated with copper -cobalt
mineralization. Finally, radiometrics has pr oven very useful in identifying the different
lithologies and will therefore, along with the magnetics and VTEM, help generate an
accurate geology map.
Once the resulting data has been received and compiled, the interpretation will guide the
next phase of drilling at Mitu and other tar get areas including Dumbwa, Kif ubwe, 22 Zone
and Khaziba where significant mineralization has been encountered in previous exploration
campaigns.
The Company’s President and Chief Executive Officer, Brett Richards stated: “ The results of
Phase One drilling continue to support the potential size and scale of the mineralization at
Mitu while also showing the continuity of mineralization in the Discovery Zone. I am excited
to receive the full interpretation of the geophysical work to pair with these assay results as
we plan for Phase Two of this year’s exploration.”
QUALIFIED CONTROL/QUALITY ASSURANCE
Samples obtained during both diamond drill and air core drilling were transported directly
to SGS Inspection Services in Kalulushi, Zambia by Midnight Sun personnel for sample
preparation. There the s amples were sorted, dried, crushed, and pulped before final
chemical analysis using ICP -OE methods. All samples returning >10,000 ppm Cu were
automatically re-assayed for higher level concentrations by SGS, which is a fully accredited
laboratory. Standards and blanks were inserted regularly in the sample stream and checks
were done for Au and Cu.
Qualified Person: Peter Flindell, MAusIMM and MAIG , a Qualified Person under NI 43 -101,
has reviewed and approved the technical data and contents of this release.
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 square kilometres, situated in the North-Western Province of Zambia,
adjacent to First Quantum’s Kansanshi Mine; Africa's largest copper mining complex, on the
prolific Zambia-Congo Copper Belt.
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]
Led by experienced directors and talented management, Midnight Sun aims to further
explore the impressive mineralization and anomalies that have recently 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.
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 POLICIES 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 "forward -looking
statements." All statements in this release, other than statements of historical facts, are
forward-looking statements. Although the Company believes the expectations expressed in
such forward-looking statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or developments may differ
materially from those in the forward -looking statements. F actors that could cause actual
results to differ materially from those in forward -looking statements include, changes in
market conditions, unsuccessful exploration results, changes in commodity prices,
unanticipated changes in key management personnel and general economic 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 m ay 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 made from time to time by
the Company or on its behalf, except in accordance with applicable securities laws.