Midnight Sun Mng Corp Stock Price, News & Analysis

Midnight Sun Mining Corp. (MDNGF) has commenced diamond drilling operations at the Kazhiba Target 2 sulphide copper target within its Solwezi Project in Zambia. The drilling program consists of 6-8 diamond drill holes totaling approximately 1,000 meters, targeting a substantial 4km x 2km sulphide copper zone. The target area has shown promising indicators including overlapping copper signatures in Partial Ionic Leach testing, strong VTEM geophysical anomalies, and high chargeability/low resistivity responses from induced polarization geophysics. The first drill hole, KAZ-25-003, has a target depth of 150 meters. The company has also completed geochemical sample collection at Mitu, with samples being prepared for Partial Ionic Leach assaying at ALS Chemex.

Midnight Sun Mining (TSXV: MMA) (OTC: MDNGF) has entered into an Earn-In Agreement with Zambezi Mint Investment Limited to acquire the Luswishi Dome Project in Zambia. The 366 square kilometer project is located 40 kilometers southeast of the company's Solwezi Project.

The acquisition follows a three-stage earn-in structure: 1) 51% ownership for CAD $750,000 in exploration within 24 months, 2) Additional 19% ownership by completing an NI 43-101 compliant resource within 24 months after Stage 1, and 3) Further 10% ownership by completing a pre-feasibility study within 36 months of Stage 2 completion.

The strategic acquisition targets a dome structure similar to those hosting major copper deposits in the region, including Barrick's Lumwana Mine, First Quantum's Kansanshi and Sentinel Mines, and Ivanhoe's Kamoa-Kakula.

Midnight Sun Mining (MDNGF) has provided an update on its 2025 phase one exploration campaign at the Solwezi Project in Zambia. The company is making progress across three key targets: 1. Dumbwa: Dipole-Dipole IP Survey is 30% complete, with 10 of 34 planned lines surveyed across a 20km copper-in-soil anomaly. 2. Kazhiba: Diamond drilling to begin May 26th, targeting a 4km x 2km sulphide copper target. Plans include 6-8 holes totaling 1,000 meters, plus 4,000 meters of RC drilling for oxide copper targets. 3. Mitu: Partial Ionic Leach Survey is 46% complete, with plans to collect ~1,800 samples. Previous drilling showed promising results including 11.6m of 3.44% copper. CEO Al Fabbro highlighted that this exploration program, led by COO Dr. Kevin Bonel, aims to transform these targets from early-stage discoveries into well-defined assets suitable for significant development investment.

CEO.CA, a leading investor social network for junior resource and venture stocks, recently featured an exclusive interview with Adrian O'Brien, VP of Business Development & Communications at Midnight Sun Mining (TSXV: MMA) (OTC: MDNGF). The interview focused on the company's 2025 exploration program in Zambia, particularly highlighting the Dumbwa target's similarities to Barrick's Lumwana Mine.

The interview was part of CEO.CA's 'Inside the Boardroom' series, which provides coverage of companies shaping the mining industry's future. CEO.CA, established in 2012 and now a subsidiary of EarthLabs, Inc., serves millions of visitors annually as a platform for investor networking and information sharing.

Midnight Sun Mining (TSXV: MMA) (OTC: MDNGF) has launched its 2025 phase one exploration campaign at the Solwezi Project in Zambia. The program targets three key areas: Dumbwa, Kazhiba, and Mitu.

At Dumbwa, a 56-line kilometer IP geophysical survey will examine a 20-kilometer copper-in-soil anomaly. The Kazhiba program includes 4,000 meters of reverse circulation drilling across 125 holes for oxide copper exploration, plus 6-8 diamond drill holes totaling 1,000 meters targeting a newly identified 4x2 kilometer sulphide copper zone.

The Mitu campaign will collect approximately 1,800 Partial Ionic Leach samples along the entire trend to identify copper targets, followed by IP surveys and drilling later in the year. This comprehensive exploration approach aims to advance both oxide and sulphide copper targets across all three zones.

Midnight Sun Mining (TSXV: MMA) (OTC: MDNGF) has announced significant findings from its 2024 geochemical and geophysical exploration programs at the Kazhiba project. The surveys revealed a major copper anomaly extending over 4 kilometers, aligned with high chargeability and low resistivity stratigraphy.

The Partial Ionic Leach geochemistry identified three new copper anomalies similar to the known Kazhiba oxide copper occurrence. The geology is consistent with typical Zambian Copperbelt deposits, featuring Katangan sediments onlapping onto older basement lithologies of the Kazhiba Dome.

The company plans to commence exploration drilling in early Q2 2025 to test these new sulphide and oxide targets. The drilling program aims to discover new copper sulphide mineralized stratigraphic units and extend the initial oxide copper footprint from recent drilling.

Midnight Sun Mining (TSXV: MMA) (OTC Pink: MDNGF) has been recognized in the 2024 TSX Venture 50™ list, which ranks top-performing companies on the TSX Venture Exchange. The ranking criteria include one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value, with equal weighting for each factor.

President & CEO Al Fabbro highlighted the company's significant achievements over the past year, noting increased market liquidity and capitalization. The company's success is attributed to its exploration activities at the Solwezi Copper Project, conducted under a Cooperative Exploration Plan with First Quantum. The company is focusing on both oxide copper mineralization for near-term cash flow and exploration of sulfide and oxide copper targets at Dumbwa, Kazhiba and Mitu locations as part of their 2025 exploration season.

Midnight Sun Mining (TSXV: MMA) (OTC: MDNGF) announces the termination of the Dumbwa earn-in agreement with KoBold Metals, retaining 100% ownership of the Dumbwa Target in Zambia. The company plans to launch a 2025 exploration program under COO Dr. Kevin Bonel's direction.

The Dumbwa Target features a 20-kilometer-long copper-in-soil anomaly and shares geological similarities with Barrick's Lumwana Mine. The planned exploration includes detailed geological mapping and an induced polarization survey in Q2 2025, followed by targeted drilling. The program aims to locate sub-surface mineralized units and demonstrate Dumbwa's potential as a large tonnage, near-surface copper deposit.

Dr. Bonel, who previously led the exploration team at Lumwana Mine, highlights that Dumbwa shows higher copper tenor at surface and more extensive lateral presence compared to Lumwana.

Midnight Sun Mining has announced significant results from its 2024 oxide copper drilling program at the Kazhiba Target in Zambia. Key highlights include high-grade intersections of 10.69% copper over 21 metres, 5.60% copper over 26 metres, and 3.01% copper over 15 metres.

The exploration program, conducted near First Quantum Minerals' Kansanshi Copper Mine, completed 54 Reverse Circulation drill holes totaling 2,005 metres. The program successfully validated oxide copper mineralization and established continuity of a near-surface oxide copper blanket. Additional exploration includes 625 Partial Ionic Leach samples and 3,250m of IP Survey, with results expected in Q1 2025.

The company plans 13 additional RC holes in April 2025 to test northern extensions, as mineralization remains open to the north-northeast. A resource study is scheduled for completion in Q1 2025.